Canadian Underwriter

Topic
Climate Change


News Climate ChangeInsurancePersonal Lines

IBC applauds Ontario government’s focus on auto insurance reforms

September 23, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Government of Ontario for “continuing to make auto insurance reforms a priority” as the government released mid-point mandate letters for all Cabinet Ministers. One of the key items in Minister of

News Climate ChangeCommercial LinesInsurance

Alberta advisory panel to consult communities on transition away from coal-fired electricity generation

September 23, 2016 by Canadian Underwriter

Just days after the Alberta government announced a task force to provide recommendations on climate technology to help transition to a lower-carbon economy, it has appointed a three-member expert panel to meet with those affected by the transition away from

News Climate ChangeInsurance

Paris climate change agreement passes key threshold

September 21, 2016 Michael Astor - THE ASSOCIATED PRESS

Thirty-one countries formally joined the Paris climate change pact Wednesday, bringing the total number of countries ratifying the treaty to 60 and raising hopes that it will enter into effect by the end of the year. The number is higher

News Climate ChangeInsurance

August marks ongoing trend of record-breaking heat for the globe: NOAA

September 21, 2016 by Canadian Underwriter

August 2016 marked the 16th month of record warmth for the globe, the longest such streak in 137 years, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday. Last month was 1.66 degrees Fahrenheit above the 20th-century average, breaking

News Climate ChangeInsuranceTechnology

Alberta appoints task force to help province transition to lower-carbon economy

September 20, 2016 by Canadian Underwriter

The Alberta government announced on Monday that it has appointed a task force to provide recommendations on targeting investments in climate technology to help transition to a lower-carbon economy. As part of Alberta’s Climate Leadership Plan, the government will phase

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal Lines

Estimated insurable losses from Louisiana floods to range between US$8.5 billion and US$11 billion: AIR Worldwide

September 19, 2016 by Canadian Underwriter

AIR Worldwide is estimating that “industry ground-up insurable losses” from the flooding in Louisiana during August will be between US$8.5 billion and US$11 billion. The catastrophe modelling firm explained in a press release issued on Monday that the “industry ground-up

News CatastrophesClimate ChangeInsurance

Nova Scotia dry spell just a ‘dress rehearsal:’ Environment Canada

September 15, 2016 The Canadian Press

HALIFAX – An Environment Canada climatologist is warning that a dry spell in Nova Scotia that has left some people without water is just a “dress rehearsal” for the kind of weather conditions Canada can expect in the years to

News CatastrophesClimate ChangeCommercial LinesConstructionEarnings / RatingsInsurancePersonal LinesReinsurance

Change in exposure driving widening gap between insured, economic losses following disaster events

September 14, 2016 by Angela Stelmakowich

CALGARY – A dramatic loss scenario around disaster events is developing globally, contributing to a widening gap between insured and economic losses, Alex Kaplan, senior vice president of global partnerships for Swiss Re, suggested earlier this week during the RIMS

News Climate ChangeConstructionInsuranceMarkets / CoveragesTechnology

Oilsands carbon capture and storage project reaches one-year milestone

September 14, 2016 by Canadian Underwriter

Shell Canada has announced that the Quest carbon capture and storage (CCS) project has captured and stored one million tonnes of carbon dioxide (CO2) underground “ahead of schedule” in its first year of operation. Quest is the first CCS project

News CatastrophesClimate ChangeInsuranceProfessional DevelopmentReinsurance

Resilience should be a goal of all organizations

September 12, 2016 by Angela Stelmakowich

CALGARY — Darius Delon, chair of the RIMS Canada Council, had a very simple message for those attending the annual conference in Calgary Monday: every organization can be hit by disaster, so every organization needs to be resilient. Scenario brainstorming,

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Climate change increased chances of record rains in Louisiana by at least 40%: NOAA and partners

September 7, 2016 by Canadian Underwriter

Human-caused climate warming increased the chances of the torrential rains that unleashed record flooding in southern Louisiana in mid-August by at least 40%, according to a team of National Oceanic and Atmospheric Administration (NOAA) and partner scientists with World Weather

News CatastrophesClimate ChangeCommercial LinesEarnings / RatingsInsuranceMarkets / CoveragesPersonal LinesReinsurance

Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC

September 6, 2016 by Canadian Underwriter

The current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm