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Whether a result of global warming, urban expansion, or inadequate city planning, one thing is clear: the potential for water-related disasters is real. And yet, many Canadian businesses have yet to take that risk to heart.
Our EVP Large Loss North America, Billy Short II recently spoke with Canadian Facility Management and Design on some of the successes and failures he has witnessed when it comes to large losses in the commercial marketplace over the years.
In 2017, floods caused over $590 million in insured damage across Canada (excluding government and the uninsured) and that approximately one-in-five Canadian households are at a high risk of flooding.
Our Senior Project Manager, Large Loss North America, Jim Mandeville, spoke with Global News about ways to be prepared.
As spring begins to warm up many parts of Canada, bringing with it heavy rains and snow melt, homeowners need to beware of basement flooding. Fortunately, homeowners can reduce their risk of a flooded basement with simple easy steps, starting with the purchase of a $50 plumbing part. Our Executive Vice President of Branch Operations, Kevin Clarke, recently shared this tip and several others with Canadian Underwriter.