5 Results for Insurance Bureau of Canada

Strong winds, flooding, heavy snow, and ice from the mid-April ice storm in southern Ontario resulted in more than $190 million in insured damage, according to the Insurance Bureau of Canada (IBC). The costs of insured damages from extreme weather across Ontario continue to rise, reported IBC. The vast majority…

May 11, 2018 @ 9:12am

Insurance Bureau of Canada (IBC) is encouraging residents affected by flooding in Atlantic Canada to call their insurance representatives immediately if they have damage to report. "We have seen the devastating effects that flooding can have on communities across our region," said Tom O'Handley, manager, government relations, Atlantic, IBC. "Warming temperatures and melting snow are…

January 17, 2018 @ 9:18am

From the wildfires that swept through Fort McMurray in May to the floods that devastated parts of Nova Scotia and Newfoundland over Thanksgiving weekend, severe weather had a huge impact on Canadians in 2016. According to Catastrophe Indices and Quantification (CatIQ), insured damage for 2016 topped $4.9 billion—smashing the previous…

January 09, 2017 @ 8:22am

Five Canadian cities will have portions of their asphalt roads ripped up and replaced with permeable brick and gravel this summer in an effort to curb the effects of flash flooding. The University of Waterloo, along with insurer Intact Financial Corporation, has announced a 20-project initiative to help communities weather…

June 06, 2014 @ 12:09pm

The Insurance Bureau of Canada (IBC), in partnership with the Federation of Canadian Municipalities (FCM), has announced the winners of the first annual Watershed Awards to recognize Canadian municipalities that have taken proactive measures to reduce their vulnerability to storm and wastewater damage. The awards, which are part of FCM's…

June 01, 2010 @ 3:22pm