Canada’s worst-case wildfire scenario could see a $20-billion loss: RMS
May 13, 2021 by Jason ContantCanada could potentially see $20-billion loss events from wildfire alone, according to recent simulations by Risk Management Solutions, Inc. (RMS). The odds of that happening would be “extremely rare, on the order of a 1-in-10,000-year return period,” Michael Young, vice…
Opinion: Preparing for future risk? Look to what’s happened in the past
August 20, 2020 Robert Muir-Wood, RMSWhen evaluating unexpected catastrophe risks, our experiences can be sparse. Widening our knowledge by going back in time, by exploring the ‘near-misses’ and by expanding our geographic horizons is critical. Fortunately, big catastrophes are rare. This is good in that…
Fort McMurray homeowners clean up as insurance questions linger after flooding
May 11, 2020 THE CANADIAN PRESSFORT MCMURRAY, Alta. – Cora Dion’s voice echoes as she films a video showing what’s left in the basement of her home in downtown Fort McMurray after several days of flood cleanup. The couch and chair are in the garbage.…
How this reinsurer views property risk in Fort McMurray
May 4, 2020 by Greg MeckbachSome properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is…
Emergency response from the MBC Group to Fort McMurray flooding
May 4, 2020 MBC GroupGATINEAU, QC, MAY 4, 2020/insPRESS/ – We are closely monitoring the situation in Fort McMurray and our Engineers, Environmental Consultant and Appraisers are readily available to provide emergency assistance on existing and future flood related claims. Our team leads: Ross…
Ice jam that caused flooding, evacuation in Fort McMurray melting
April 30, 2020 THE CANADIAN PRESSFORT MCMURRAY, Alta. – An ice jam on the Athabasca River is nearly half the size it was earlier this week when it caused major flooding in Fort McMurray and forced 13,000 people from their homes. The Regional Municipality of…
Chief medical health officer eases COVID rules in Alberta flood areas: premier
April 29, 2020 THE CANADIAN PRESSFORT MCMURRAY, Alta. – Premier Jason Kenney says the province’s chief medical officer of health is relaxing some COVID-19 restrictions for people who are dealing with flooding in northern Alberta. Kenney says in a tweet sent out late Tuesday that…
Crawford & Company response plan following Fort McMurray flooding
April 29, 2020 Crawford & CompanyTORONTO, ON, APRIL 30, 2020/insPRESS/ – Crawford & Company (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates announced today that their resources are on the ground…
The burning question: where is Canada’s national wildfire plan?
October 1, 2019 by Adam MalikEnough talk about wildfire risk has taken place, says Zurich Canada’s risk boss. Now there needs to be real action around building a national strategy on wildfires. It’s been three years since the wildfires in Fort McMurray, Alta., for which…
How province is responding to growing Alberta wildfire threat
May 17, 2019 THE CANADIAN PRESSEDMONTON – The Alberta government has imposed a fire ban and restrictions on off-highway vehicle use in the northern half of the province. The government says the decision was made due to the growing threat of wildfires. The areas affected…
Walmart fined $20K for selling contaminated food after Fort McMurray wildfire
October 1, 2018 The Canadian PressFORT MCMURRAY, Alta. – Walmart Canada has been ordered to pay a $20,000 fine for selling contaminated food after a devastating wildfire in northern Alberta two years ago. Some of the charges against Walmart included failing to dispose of food…
The new threat facing Fort McMurray (and other parts of Western Canada)
June 11, 2018 by Jason ContantWith hundreds of claims from the 2016 Fort McMurray wildfire still unresolved as of late last month, Alberta residents could be forgiven for still worrying about wildfire risks in their own backyard. The Canadian Press recently reported that as of…