April showers might bring May flowers, but they also brought flooding to Ontario, as did snow melt and high temperatures. When comparing April 2019 to April 2016, Aviva Canada reported that the number of flood and overland water claims in the province was six times higher than three years ago, though many provinces were also subject to intense flood conditions this spring.
“We’ve seen a significant increase in the number of catastrophic weather events. That translates into claims and this is especially so during the spring season, whether it’s flooding or other types of events – we’ve seen some fast thaws that led to a lot of losses, pipes bursting, and things like that,” said Bryant Vernon (pictured), Aviva Canada’s chief claims officer. “It’s a problem that seems to be getting worse rather than easing up.”
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.