Monday, April 29th, 2019 — High winds contributed in part to most catastrophes in Canada over the past few decades, prompting the need for a new national standard on wind resilience, the Institute for Catastrophic Loss Reduction (ICLR) said Thursday. A report released by ICLR and the Standards Council of Canada is recommending the development of a new national standard of Canada on wind resilience to mitigate residential and small building property damage from natural disasters. More than 210 catastrophes — events that caused insured damage of $25-million or more — swept through Canada between 1983 and 2017, according to the Insurance Bureau of Canada (IBC)s 2018 Facts of the Property and Casualty Insurance Industry of Canada. One hundred and thirty-five (about 64%) of them had some form of wind component, such as a windstorm, tornado, storm or hurricane, ICLR reports.
Mitigating Property Damage With New Construction Standards For Wind Resilience
High winds contributed in part to most catastrophes in Canada over the past few decades, prompting the need for a new national standard on wind resilience, the Institute for Catastrophic Loss Reduction (ICLR) said Thursday.