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Climate Change


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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,

louisiana
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

"Heavy rains and stormy weather in Miami, Florida floods a residential lawn and porch"
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

Blair Feltmate, PhD, Associate Professor, Faculty of Environment and Chair, Climate  Change Adaptation Project (Canada), University of Waterloo
Feature CatastrophesClimate ChangeInsuranceLegislation / RegulationPersonal Lines

Testing the Waters

September 3, 2016 Blair Feltmate, Head, Intact Centre on Climate Adaptation, University of Waterloo

The average cost of a basement flood claim in Canada in 2014 was a hefty $20,537. With severe weather continuing, related flooding and the associated costs are sure to continue absent preventive measures being taken. Those measures will be put to the test as part of the first pilot project of the Home Adaptation Assessment Program.

Rising Sea
News CatastrophesClimate ChangeInsuranceMarkets / CoveragesPersonal Lines

ICLR to host workshop on sea level rise on Sept. 9

August 30, 2016 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on sea level rise on Sept. 9. Titled Rising Sea Level is Not a Flooding Event, the workshop will be held between 10 a.m. and 11:30 a.m. EST

IMG_3396-370x278
News CatastrophesClimate ChangeCommercial LinesInsuranceMarkets / CoveragesPersonal LinesReinsurance

Saturated ground means more rain could spur more flooding in southern Louisiana: AIR Worldwide

August 25, 2016 by Canadian Underwriter

Additional rainfall could result in more flooding in southern Louisiana, already hit hard by extensive flooding associated with one of the state’s most catastrophic, non-tropical cyclone-triggered flood events in decades. “In the event of further rainfall, the region’s flat topography,

View from the window of a private house in rainy weather
News CatastrophesClimate ChangeCommercial LinesInsurancePersonal Lines

Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan

August 24, 2016 by Canadian Underwriter

A severe storm that swept through southern Alberta and Saskatchewan in the third week of July has prompted an insured damage estimate of almost $65 million, reports Insurance Bureau of Canada (IBC), based on figures provided by Catastrophe Indices and

stock  graphy on screen
News CatastrophesClimate ChangeCommercial LinesInsurancePersonal Lines

Impact of Fort Mac wildfire adds to Alberta’s economic challenges, increases deficit: province

August 24, 2016 by Angela Stelmakowich

Costs associated with the wildfire that ravaged parts of Alberta’s Wood Buffalo region this past May, coupled with the impact of ongoing low oil prices, has set the provincial government on a continuing cautious course to its finances. “In the

California Wildfires
News CatastrophesClimate ChangeInsurance

California firefighters stretched thin as blazes sweep state

August 23, 2016 Don Thompson - THE ASSOCIATED PRESS

SACRAMENTO, Calif. – California’s state fire department is stretched thin just as the bone-dry state enters the peak of its wildfire season, with vacancy rates exceeding 15 per cent for some firefighters and supervisors. The vacancy rate is more than

Silhouette of a power plant with pollution
News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Canada ‘missed the boat’ on economic policies to mitigate climate change: doctor

August 22, 2016 The Canadian Press

VANCOUVER – A leading expert on climate change says Canada “has missed the boat” when it comes to developing renewable energy resources that would mitigate the impact of global warming and its impact on human health. Dr. James Orbinski, who

AppleMark
News CatastrophesClimate ChangeCommercial LinesConstructionInsuranceLegislation / RegulationPersonal LinesReinsurance

Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report

August 22, 2016 by Canadian Underwriter

Surviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random