“Capital tends to follow opportunity,” and while Canada is currently viewed as a region affording opportunity, the property and casualty insurance industry here could experience significant pressure if investors start regarding other areas as greener pastures, Philip Cook, CEO of…
The province of British Columbia is seeking input on the future of the Emergency Program Act (EPA) through an online public engagement website. The site will be open until Friday, Feb. 19 at 4 p.m. PDT, the Ministry of Transportation…
The U.S. National Center for Atmospheric Research (NCAR) announced on Monday today that it has selected a new supercomputer named Cheyenne to help researchers across the country studying climate change, severe weather, geomagnetic storms, seismic activity, air quality, wildfires and…
The Ontario government announced Tuesday it has approved a plan to continue operating the Pickering nuclear power plant, located about five kilometres east of the Toronto city limits, after 2020. Pickering is one of two nuclear plants operated by Ontario…
Ford and the University of Michigan said on Monday that they have conducted what they believe are the first tests of autonomous vehicles in wintry conditions. The automaker and university tested the vehicles in Michigan and on the university’s 32-acre…
The province of British Columbia has reaffirmed its five conditions for any heavy oil pipeline – including Kinder Morgan’s Trans Mountain expansion project – to receive provincial support. In its final written submission to the National Energy Board (NEB) panel…
Wildfires scorched a record amount of Canada’s national parks last year – the latest in a number of long, hot summers that have almost entirely depleted Parks Canada’s firefighting reserve. “We had a very busy fire year,” said director of…
The federal and Manitoba governments announced on Friday that they are expanding the province’s network of automated weather stations to provide farmers with more accurate information on rain and snowfall distribution. Manitoba has a total of 61 automated stations operated…
Field crews with the U.S. Geological Survey (USGS) are measuring record flooding on rivers and streams in 12 states across the country, with more than 50 preliminary record-high flood measurements along the Mississippi and Ohio Rivers and their tributaries. The…
CHESTERMERE, Alta. – The Alberta government is beginning to meet with residents affected by a massive rain and hail storm which flooded streets in Chestermere last July. Residents in Chestermere and Rocky View County will have until March 16 to…
Windstorm Elon-Felix, which affected western and northern Europe in January 2015, resulted in a final loss estimate of 329 million euros, according to PERILS AG, a Zurich-based insurance industry initiative that provides exposure and event loss data. Issued on Friday,…
International property catastrophe reinsurance rates dropped from 5% to 15% on renewal Jan. 1, after a quiet Atlantic hurricane season and with the availability of alternative sources of capital, Fitch Ratings Inc. suggested Wednesday. “Based on broker and market reports,…