Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
ICLR has been successful in gaining official authorization to allow a noted wildfire researcher behind police cordons to investigate the resilience to wildfire of certain homes in Fort McMurray, Alberta. Alan Westhaver is looking into the reasons why clusters of…
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Your professional development has never been more cutting-edge. Consider the fascinating research of Qui Trieu, manager of personal insurance at Perth Insurance, a wholly owned subsidiary of Economical Insurance. Qui (pronounced as ‘key’) is currently a candidate in the Insurance…
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Along with claiming a reported 49 lives (at time of posting), injuring thousands and causing between $1.7- and $2.9 billion in insured damage (according to AIR), the April 14 (UTC) 6.4Mw and April 15 (UTC) 7.0Mw earthquakes in Kumamoto, Japan…
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You’ve probably heard this little chestnut on at least a few occasions: “Our underground storm sewers can’t handle the rainfall we get these days.” The implication is that under climate change and with increased runoff in urban centres from the…
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A couple of posts ago (Why ‘just-in-time’ insurance would be a non-starter) I answered a question that I get asked at least a few times a year: ‘Why not allow consumers to purchase insurance just before a foreseeable loss is…
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A few times a year I get approached by someone asking the question: Why not allow consumers to purchase insurance just before a foreseeable loss is about to occur or immediately after it has occurred? Such suggestions always come from…
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A recent article published in The Guardian about flood governance in the UK got me thinking about the issue here at home. And while I wouldn’t go as far as that article and call the oversight and management of flood…
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In an age where losses from severe weather are driving changes to homeowners’ policies that are not always seen as positive to insureds, it might be time to think about giving homeowners the option of a cheaper insurance product that…
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After the water receded, things settled down and Alberta politicians began the task of looking at how to prevent a repeat of the 2013 floods, one of the policy tools to emerge was use of voluntary buyouts for those located…
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When you think about it, it is quite remarkable to see just how many times communities have dodged rather large bullets due to near misses (or, as George Carlin aptly called them, near hits) from natural catastrophes. Every so often we…
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Today’s thoughts are even more random [1] than usual. I didn’t see much of the actual eclipse, unfortunately – here in Europe, full eclipse was around 4:30 a.m. or so, so when I got up at 6 you could only see a bit of Earth Continue reading
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For a broker interested in writing and retaining commercial accounts, there is a lot to be said for conducting a thorough review of a business owner’s operations, making recommendations for appropriate limits and types of coverage, and then ensuring that…
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The California Earthquake Authority (CEA) and the State of California have teamed up to create a pilot program to provide homeowners in parts of the state with a financial incentive to brace and bolt their homes to prevent them from sliding off their foundations or toppling over in the event of an earthquake.
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As this headline indicates, 2015 may go down as the worst year ever for wildfires in British Columbia. While, to date, insured damages have been relatively low (despite 29 homes being lost in Rock Creek), suppression costs have been well…
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