Claims

Heavy rain likely to cause new or more flooding in Quebec and Ontario Heavy rain likely to cause new or more flooding in Quebec and Ontario Image

Claims

Heavy rain likely to cause new or more flooding in Quebec and Ontario

Persistent, steady rains soaking swaths of central and eastern Canada that have already endured record precipitation levels threatened to trigger widespread flooding Friday and put residents and governments on high alert. Environment Canada said a massive system is slowly drenching much of Ontario, Quebec and the Maritimes, triggering everything from contingency plans and flood warnings […]

By Jason Contant | May 5, 2017

5 min read

Insurance industry should look ahead to even larger losses than Fort McMurray, ICLR chair suggests Insurance industry should look ahead to even larger losses than Fort McMurray, ICLR chair suggests Image

Claims

Insurance industry should look ahead to even larger losses than Fort McMurray, ICLR chair suggests

The insurance industry should start thinking about what “could have been” if the Fort McMurray wildfire had been an even larger loss, the chair of Institute for Catastrophic Loss Reduction (ICLR) said on Friday at the institute’s annual general meeting. “First, the grief experienced in Fort McMurray is due to the loss of 10% of […]

By Canadian Underwriter | May 5, 2017

2 min read

New FireSmart Home Development Guide targets Canadian wildfire resiliency New FireSmart Home Development Guide targets Canadian wildfire resiliency Image

Claims

New FireSmart Home Development Guide targets Canadian wildfire resiliency

FireSmart Canada, in partnership with The Co-operators, has developed a new resource to help Canadian residents make their homes more resilient to wildfire. The FireSmart Home Development Guide, which will become part of the FireSmart Home Partners Program, outlines specific measures homeowners can take to reduce the risk of damage from wildfire, The Co-operators said […]

By Canadian Underwriter | May 5, 2017

3 min read

Majority of polled Canadians unaware of flood risks and responsibilities, half would not consider purchasing overland flood coverage: survey Majority of polled Canadians unaware of flood risks and responsibilities, half would not consider purchasing overland flood coverage: survey Image

Claims

Majority of polled Canadians unaware of flood risks and responsibilities, half would not consider purchasing overland flood coverage: survey

Homeowners in Canada lack awareness of flood risk and the protection options available to them to reduce that risk, suggests a new study from researchers at the Interdisciplinary Centre on Climate Change and Partners for Action research network at Ontario’s University of Waterloo (UoW). For the study, the researchers surveyed 2,300 homeowners who live in […]

By Jason Contant | May 5, 2017

3 min read