How Ottawa is trying to cut property losses associated with earthquakes

Natural Resources Canada hopes to help insurers reduce the costs of their losses through the still to be issued earthquake early warning system.

Canadian natural resource research scientist Michel Collage said the warning system could provide seconds to tens of seconds of warning before a site is affected by severe vibration, during a webinar hosted by Catastrophe Indices and Quantification Inc.

“The idea is that this might also cause a lower burden on insurance,” said Kolaj during his session, New Perspectives on Earthquake Risk in Canada, part of the CatIQ Connect quarterly webinar series. “There is still some kind of work going on to understand what kind of business will be subject to significant cuts and what is the return on investment in terms of insurance rates and related things.”

This isn’t the first year that CatIQ Connect attendees have heard of this system.

Henry Seywerd, Director of the Earthquake Early Warning Program at Natural Resources Canada, said last February that Natural Resources Canada aims to have its system operational around 2024.

Seywerd spoke on February 4, 2020, during CatIQ Connect at the Metro Toronto Convention Center. At the time, Sejord described the geophysics behind the seismic warning technique. An earthquake produces two types of vibration. The first wave is a pressure wave that does not cause much damage and travels at a speed of six kilometers per second. Seywerd said in February that it was the second, slower, wave that travels at about half the speed of P-wave, which causes the most damage.

The most recent CatIQ Connect session took place around December 3 due to the COVID-19 pandemic.

During the all-day CatIQ Connect symposium, titled New in Catastrophe Technology & Modeling, Collage said that certain areas in Canada, especially southwestern British Columbia and eastern Quebec, have higher seismic risks.

“We have areas, especially along the St. Lawrence Valley in Ontario and the west [of] Quebec, with moderate and high risk, ”Colay said.“ Historically, we have seen some large and important earthquakes such as a magnitude 6 earthquake in the Montreal area in 1732, and a magnitude 7 earthquake in the Charlevoix region in 1663. ”

“Canada has a very long history of rare devastating earthquakes but they do happen,” added moderator John Schneider, Secretary General of the Italian-based Pavia Global Earthquake Model Foundation.

Speakers said Canada is currently working on a sixth generation seismic risk model, on December 3 during the session.

The idea behind this hazard model is to help develop the earthquake resistance standard in the Canadian National Building Model Act 2020.

Collage said the form aims to answer several questions from them

Who and what is exposed to devastating earthquakes? What are the potential impacts?

We in Canada have nearly doubled our exposure and risk of earthquakes over the past 40 years, largely because there are increasingly dense urban settlements in areas exposed to these hazards, Kolaj said.

The next CatIQ talk is scheduled for February 11, 2021.

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