Flood

  • $2.4 billion in sewer upgrades needed: report

    A new report showing one provincial capital’s aging sewer system cannot handle severe storms caused by climate change is echoing the insurance industry's call for better infrastructure, and better disaster mitigation.

  • Top business insurance losses revealed

    What if you could identify the top 10 causes of two-thirds of the financial losses in business? One insurer has compiled just such a list.

  • Daily Market Update

    The top ten causes of high-value claims…Government needs to do more on cyber threats… And lawyers are the real winners in industrial deafness claims…

  • Reinsurers accused of getting it wrong

    Scenario modelling conducted by ratings agency Standard & Poor's has indicated that reinsurers might be underestimating their exposure to catastrophe losses due to climate change.

  • Hail pushes insured claims to $4 billion since 2011

    A major storm that brought heavy rain, wind and hail to southern Alberta on August 7 and 8 caused an estimated $450 million in insured damage according to Property Claim Services (PCS).

  • Daily Market Update

    Cyber threat risk continues to be paramount… Cost of Ontario floods estimated at $90 million… And Health professionals cause more auto crashes…

  • Daily Market Update

    North Korea poses cyber threat to western businesses… Heavy rain poses health risk… Australian industry seeks reform… And the reinsurance sector is predicted to consolidate…

  • Canadians wrongly believe the government will cover this...

    A new survey from Square One Insurance details brokers need be aware that a majority of Canadians wrongly assume they are covered by the government for earthquake damages.

  • Daily Market Update

    ​Disasters cost insurance industry US$21 billion so far this year… Majority of retail and finance sector at risk of Heartbleed-type cyber attack… And the soaring cost of prescription drugs…

  • Daily Market Update

    Could we benefit from using China’s ways of selling life insurance?... Insurance credit scoring questioned… And ‘unprecedented’ rainfall causes floods in Nepal…