Tuesday, June 18, 2019

Tag: insurance

Canada Needs a National Strategy to Address Flood Risk

When Water Canada published a story on the top seven water stories for 2016, the authors highlighted the federal government’s commitment to new funds...

BC Announces Disaster Financial Assistance for Recent Floods

British Columbia has announced that Disaster Financial Assistance (DFA) is now available to eligible British Columbians in the central region who may have been...

Markham: Insurance Board Should Consider City Flood Control

The City of Markham, Ontario, has urged the insurance industry to consider city flood control measures when setting home insurance rates. Over the past three...

Investment in Ontario Flood & Leak Sensor Tech Company

Alert Labs Inc., designer of the Flowie water sensor and Floodie companion sensor, which help to protect homes from flood damage and to provide...

Canada Releases New Floodplain Mapping Framework

In Canada, overland flooding costs the Canadian economy more than any other kind of natural hazard. It is the single largest draw on the...

Homeowners Unprepared for Flooding, Unaware of Insurance Changes

A report from the CBC has brought to a light a poll conducted on behalf of Public Safety Canada in summer 2016, which found...

Severe Weather Events Cost Canadians $5 Billion in 2016

From the wildfires that swept through Fort McMurray in May to the floods that devastated parts of Nova Scotia and Newfoundland over Thanksgiving weekend,...

Canadian Provinces and Territories are Ill-Prepared for Flooding due to Climate...

A new report from the Intact Centre on Climate Adaptation out of the University of Waterloo finds all 10 provinces and Yukon are ill-prepared for flooding...

Reinsurance Against Flood

The agreement will allow the NFIP to share flood risk with private reinsurance companies to help defray the cost of claims from large and unexpected insured events, such as large hurricanes, ultimately strengthening the NFIP’s solvency and lessening the burden on taxpayers, according to background information from Munich Re.

Insurance Co. Partners to Build More Flood-Resilient Communities

At a multi-stakeholder roundtable discussion, it was agreed that to improve our flood resiliency, Canadians needed the following conditions to be in place: Canadians understand the risk that overland and urban flood presents to their homes, business and communities

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