Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
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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When sanitary sewers back up into basements, the knee-jerk reaction by homeowners (and many insurers) is to blame the state of the local public infrastructure. Homeowners will almost always point the finger at their local government, even before they know…
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From an insurance perspective, essentially all of the large-loss hail events recorded in Canada have occurred in Alberta. Indeed, the top three most expensive hailers on record took place in that province. Emergency Preparedness Canada’s website lists the September 7,…
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From a societal perspective, flooding is the most common natural hazard. This is true both worldwide and in Canada, where roughly 40 per cent of losses in the Canadian Disaster Database are from floods. From a homeowners (and home insurers)…
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Though we have to be careful about attributing the rise in disaster losses in the country solely to the poor state of public infrastructure (there are many other factors that have to be considered as well), there can be no…
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