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Climate Change


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Saskatchewan Premier announces province’s climate change plan

October 18, 2016 by Canadian Underwriter

Saskatchewan Premier Brad Wall has released the province’s Climate Change White Paper, calling for adaptation and innovation instead of taxation on carbon. “There are three approaches we can take to fighting climate change – adaptation, innovation and taxation,” Wall said

News Climate ChangeMarkets / Coverages

Canada, nearly 200 other countries agree to “phase down” hydrofluorocarbons

October 17, 2016 by Canadian Underwriter

Canada and the 196 other countries that are part of the Montreal Protocol on Substances that Deplete the Ozone Layer have agreed to phase down hydroflourocarbons (HFCs), greenhouse gases that can be hundreds to thousands of times more potent than

The lighthouse at Peggy's Cove the day after a hurricane.
News CatastrophesClimate ChangeCommercial LinesConstructionEarnings / RatingsInsurancePersonal LinesReinsurance

Estimated insured losses from Hurricane Matthew for U.S., Caribbean between US$2.8 billion and US$8.8 billion: AIR

October 13, 2016 by Canadian Underwriter

Modelled insured losses from Hurricane Matthew could range from US$2.2 billion to US$6.8 billion for the United States and US$600 million to US$2.0 billion for the Caribbean, notes an estimate issued Thursday by AIR Worldwide. Hurricane Matthew affected the Caribbean

Evening over High Park Forest Fire Fort Collins Colorado
News CatastrophesClimate ChangeInsurance

Human-caused climate change has doubled western U.S. forest fire area, new study finds

October 12, 2016 by Canadian Underwriter

Human-caused climate change has nearly doubled the amount of land burned in forest fires in the western portion of the United States over the past three decades, according to a new study from researchers at Columbia University and the University

Silhouette business people discussing in meeting room
News CatastrophesClimate ChangeInsuranceProfessional Development

Canadian business leadership critical to reducing climate and other natural disaster risks, PwC Canada says

October 7, 2016 by Canadian Underwriter

Canadian business leadership is crucial to reducing the risks from climate and other natural disasters, PwC Canada said on Friday. That day, PwC convened a group of private and public sector leaders to discuss the case for Canadian businesses to

News Climate ChangeInsurance

Paris climate agreement to take effect Nov. 4

October 6, 2016 Michael Astor - THE ASSOCIATED PRESS

The landmark Paris agreement on climate change will enter into force on Nov. 4, after a coalition of the world’s largest polluters and small island nations threatened by rising seas pushed it past a key threshold on Wednesday. President Barack

Man with protective  mask and protective  clothes  explores danger area.
News CatastrophesClimate ChangeCommercial LinesInsuranceMarkets / CoveragesPersonal LinesReinsurance

Cat bond issuance so far in 2016 down 15% compared to same period in 2015, Fort Mac reviving talk about unmodelled risks: PCS

October 5, 2016 by Canadian Underwriter

Year-to-date Cat bond issuance was down more than 15% compared to the prior-year period as a result of a usually light third quarter and a less usual quiet second quarter, notes a new report from Property Claim Services (PCS). The

Carbon pricing - dictionary definition
News Climate ChangeInsuranceMarkets / Coverages

IBC applauds federal government’s approach to carbon pricing

October 4, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has applauded the Government of Canada’s pan-Canadian approach to pricing carbon pollution. “IBC congratulates the government on today’s carbon pricing announcement,” IBC president and CEO Don Forgeron said in a statement on Monday. “Severe

carbon
News Climate ChangeInsuranceLegislation / Regulation

National carbon price to be $10 a tonne in 2018, $50 by 2022, Trudeau says

October 3, 2016 The Canadian Press

OTTAWA – Prime Minister Justin Trudeau has pre-empted climate change negotiations with Canada’s premiers, announcing that the federal government will impose a pan-Canadian floor price on carbon pollution. Trudeau revealed Monday his plan to reduce greenhouse gas emissions, starting in

Paris 2015, climate change conference concept collage
News Climate Change

East Anglia prof warns of ‘real major challenge’ in limiting average world temperature increase to 2 Celsius

September 29, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON, D.C. – A team of top scientists is telling world leaders to stop congratulating themselves on the Paris agreement to fight climate change because if more isn’t done, global temperatures will likely hit dangerous warming levels in about 35

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News Climate ChangeInsurance

Liberal government defends LNG project approval, says impacts will be monitored

September 29, 2016 by Canadian Underwriter

OTTAWA – The Liberal government is defending its conditional approval of a massive liquefied natural gas project in northern British Columbia by pointing to what it calls a “historic partnership” on monitoring environment impacts. But critics are accusing Prime Minister

Crews work to clean up the wildfire destruction in Fort McMurray Alta, on Friday June 24, 2016. THE CANADIAN PRESS/Jason Franson
News CatastrophesClimate ChangeInsurance

Changing climate is raising forest fire risk, says Natural Resources Canada annual report

September 28, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – A new government report says that by the end of this century a changing climate is expected to at least double the area burned each year by forest fires in Canada. The 2015 annual forest assessment by Natural