Will Hurricane Larry meet the cat threshold?
September 14, 2021 by Greg MeckbachLosses to Canadian clients, from Hurricane Larry, seem to be comprised mainly of wind damage to residential property on Newfoundland Avalon’s peninsula, according to reports from adjusters so far. Hurricane Larry, which originated in the North Atlantic Ocean, passed by…
The biggest property risks for green energy
March 29, 2021 by Greg MeckbachFloods, hail, fire, and lightning strikes are among the concerns for underwriters who insure green energy projects, an expert with RSA Canada says. And also, solar panel placement. Perhaps not many would link solar panel placement with flood risk, but…
Easter winds may have come just shy of first pandemic-era Cat event
April 15, 2020 by Greg MeckbachHigh winds affecting various areas in Eastern Canada Monday will not necessarily result in a catastrophe event for property insurers, but it’s too early to tell for sure. Early Environment Canada forecasts suggested the storm could potentially lead to the…
Canada’s biggest insurance losses in 2019
January 22, 2020 by Greg MeckbachInsured damage from floods, rain, snow and windstorms reached $1.3 billion in 2019, the Insurance Bureau of Canada (IBC) reported Tuesday, citing data from Catastrophe Indices and Quantification Inc. (CatIQ) “Like 2018, no single event in 2019 caused the high…
Half a metre of snow dumped on Newfoundland
January 3, 2019 THE CANADIAN PRESSGANDER, N.L. – Residents of Gander, Nfld. are digging out after one of the biggest snowfalls ever recorded there – nearly two feet. A powerful storm blanketed much of the province Wednesday, with St. John’s and some other communities getting…
Winds affecting Vancouver area could damage property
December 14, 2018 THE CANADIAN PRESSVANCOUVER – Powerful winds are set to sweep British Columbia on Friday with gusts of up to 100 kilometres an hour in some areas. Environment Canada has posted wind warnings for Metro Vancouver, Fraser Valley, Vancouver Island and parts of…