ROLE FOR CANADIAN P&C INSURANCE INDUSTRY IN ESTABLISHING, ENFORCING BUILDING CODES: ICLR An eyewitness inspection of damage done to homes following several tornadoes that hit Ontario on Aug. 20, 2009 has started a discussion about whether or not the Canadian…
An eyewitness account of the damage tornadoes did recently in the Vaughan area of Ontario, just north of Toronto, suggests roof nails are still missing the mark.
Strong winds blew through southwestern Ontario on Aug. 20, intensifying as they moved east. The winds created a solid north-to-south line of thunderstorms extending from North Bay through southern and central Ontario, to well south of the lower Great Lakes.…
As the climate changes, so do the risks facing the insurance industry. Water damage has risen to the number one spot in terms of claims relating to warming weather.
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Surging gas prices and fuel costs have placed company risk managers at the forefront of determining appropriate risk management strategies
Detailed tornado research has used debris patterns and downburst damage surveys to help determine wind speeds during severe storms
Upon hearing the phrase “threat of asteroid impact,” insurers and risk managers in Canada almost invariably recall the Hollywood movie image of Bruce Willis blasting into space to save the day. Often viewed as a far-fetched natural catastrophe, asteroids, meteorites…
The use of insurance-linked securities is a hot topic in both the United States and Europe, but it has received less attention in Canada, in part because of a lack of clarity in regulatory guidance for ILS in Canada
Bigger, stronger and costlier tornadoes have emerged as a new reality facing the Canadian insurance industry
Enhancements to tornado, hail and earthquake models are on the horizon, but whether or not Canada will ever have an overland flood model remains to be seen
Critical Infrastructure Assurance Programs should focus on service delivery and physical assets