Flood

  • Prairie flooding – future coverages needed

    The Insurance Bureau of Canada is pointing to widespread losses across Manitoba and Saskatchewan flood regions to suggest business interruption insurance could serve as an important growth area for the industry.

  • Daily Market Update

    Earthquakes hit California but quake insurance cover is not widespread… Sony is the latest big name cyber attack victim, this time with a ‘real world’ twist… Health insurance tax credits may hit your tax refund warn experts… And insurance agents call for ban on banks selling insurance…

  • Prairies count the cost of heavy rains, winds

    The need for an overland flood policy was driven home again by the damage claim numbers coming from the Prairie provinces in June and July.

  • Industry can cope with $100 billion disaster

    A growing market for catastrophe bonds has placed the insurance industry to handle a natural disaster bigger than Hurricane Katrina, says one industry expert.

  • Daily Market Update

    Crime agency begins cyber crime campaign… 2 million at risk of losing Obamacare cover… Flood risk is not the only story for coastal cities… And riots could result in seven-figure claims…

  • Recent hailstorm now called a ‘catastrophic event’

    A vicious storm that hit Airdrie, Alta. last week has been declared a ‘catastrophe event,’ with one insurer setting up a special repair centre to deal with the claims.

  • Good business clients deserve better rates: broker

    There is a broad brushstroke being used when it comes to rates, says one broker, who sees quality business clients being unfairly lumped together with the bad risks.

  • Net income up for insurer

    One insurer seems to have weathered its first quarter by reporting strong Q2 numbers, crediting investment in a revamped administration system.

  • Daily Market Update

    Business data is at risk due to a ‘cavalier’ attitude says security firm research… Insurance MD raises concerns about industry’s readiness to deal with major disasters… Police warn of scam using prepaid debit cards… And senior finance managers need more focus on risk management.

  • The Panama Canal: the billion-dollar challenge

    As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most important waterways.