The Ontario Broker - June 2019 - 13

WILDFIRE

KEEPING
THE CATS
AWAY

Wildfires are more common in Western Canada, but this year they've
already led to thousands of people being displaced across Northern
Ontario. The ICLR conducted research following Fort McMurray
to determine why some homes were spared by the fire and others
weren't. They found that the biggest contributor to the destruction of
homes was vegetation-clearing brush and any potential fuel sources
is vital for home protection. Most homes that were spared closely
followed FireSmart guidelines.
EARTHQUAKE

T

he Institute for Catastrophic Loss Reduction (ICLR)
is a multi-disciplinary not-for-profit organization
that produces disaster prevention research and
communications. It was established by the P&C
insurance industry in affiliation with Western
University. Their work focuses on the five hazards that pose
serious risk to Canadians and could result in damage to property,
injury or loss of life.

Earthquakes are unique in how much destruction and damage
they can cause in a short period without any warning. Earthquakes
are a much larger issue in B.C., but the risk still exists in Ontario,
especially the Ottawa area. Brokers in Eastern Ontario should
suggest earthquake coverage to their clients, and damage reduction
measures like installing a seismic natural gas shut-off valve.

WIND

Flood dominates Ontario's risk conversation for good reason.
Professor Slobodan Simonovic has done some ground-breaking
cross-Canada flood modelling with the ICLR. Due to climate
change, 40-60% of Canada's 100 most populated cities are at high
risk of floods increasing in both frequency and magnitude. As he
stated in a recent webinar: "Southern Ontario cities are associated
with the highest increases in future flood risk."

FLOOD

Portions of Ontario are susceptible to tornados as we've seen recently
in the Ottawa-Gatineau region, but intense winds have also caused
major damage in the GTA. While hurricanes represent a larger risk to
the East Coast, Super Storm Sandy proved that Ontario isn't immune
to wind damage from hurricanes either. During an ICLR webinar
on this year's hurricane forecast, meteorologist Bob Robichaud said
of the long-term trend: "If you look at it globally, there's a reduction
in the number of storms, but some of those storms are higher
intensity-about a 3% increase in intensity."

Though he cautions that these predictions have a fairly high degree
of variability, the worst case scenario is that Toronto will see 100-year
floods occur every 15 years and 250-year floods every 23 years. Best
case scenario, those numbers go up to 32 and 46 years respectively.

HAIL

"There's no silver bullet," said Simonovic. "One message is clear-we
have to get out of flood plains. And yet, we continue to develop there."

With hail, year-to-year variability is high, but in Ontario it seems to
be trending downwards. But the cost of hail damage claims appears
to be rising, driven in part by a familiar culprit-the increasing cost
of car repair. Recommendations primarily focus on covered parking
and using hail-resistant materials for roofing and siding.

WWW.IBAO.ORG

For further information on these hazards and what can be done
to prevent associated losses, the ICLR has documentation for
consumers and insurance professionals on their website.

13

JUNE 2019


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The Ontario Broker - June 2019

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In This Issue
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