Keyword
Alberta
TSB reiterates call for ‘more robust tank cars’ on freight trains hauling flammable liquids
May 30, 2017 by Canadian UnderwriterThe Transportation Safety Board of Canada is reiterating its call for railways to ship flammable liquids in “more robust tank cars” after an accident near Edmonton that resulted in the spill of more than 80,000 litres of flammable styrene monomer.…
Spring storm in Alberta and Saskatchewan uproots trees and knocks out power
May 25, 2017 The Canadian PressA nasty spring storm has toppled semis, uprooted trees and produced localized flooding throughout much of Saskatchewan and Alberta. In Saskatoon, wind speeds were recorded at 105 kilometres an hour Wednesday afternoon, leaving garbage bins strewn throughout the streets, shingles…
Combined ratio for Canadian insurance industry in Q1 2017 estimated at 101.3%, up from 94.7% in Q1 2016: Baker
May 24, 2017 Jason Contant, Online EditorThe insurance industry in Canada saw a 6.6% hike in the combined operating ratio for the first quarter of 2017, from 94.7% in Q1 2016 to 101.3% in the first three months of this year, MSA Research Inc. president and…
Environment and Climate Change Canada releases technical paper on proposed federal carbon pricing options
May 19, 2017 by Canadian UnderwriterEnvironment and Climate Change Canada (ECCC) has released a technical paper outlining a proposed federal carbon pricing option for provinces that choose not to have their own system in place in 2018. A backgrounder from ECCC referenced the Pan-Canadian approach…
Mexican resort can be sued in Alberta by tourist alleged to have accidentally ingested cleaning fluid in hotel room
May 18, 2017 by Canadian UnderwriterA lawsuit against a Mexican vacation resort – arising from a tourist alleged to have accidentally ingested cleaning product stored in a water bottle in a mini bar fridge – can proceed in Alberta, as a result of a ruling…
Canadian auto insurance customer satisfaction climbs despite premium increases: J.D. Power study
May 15, 2017 by Canadian UnderwriterCustomer satisfaction with auto insurance in Canada has increased for the second consecutive year despite nationwide premium increases, according to the newly released J.D. Power 2017 Canadian Auto Insurance Satisfaction Study. The study, released on Monday, found that across all…
Alberta to conduct review of liabilities associated with old oil and gas facilities
May 12, 2017 by Canadian UnderwriterAlberta Energy has announced that it is conducting a review of old oil and gas wells and facilities and their associated liabilities. The province is working with industry and experts to find ways to better protect Albertans and the environment…
Rebuilding after disasters should stress safer, better, Goodale says
May 11, 2017 Jordan Press - THE CANADIAN PRESSOTTAWA – As the devastating floodwaters recede in Ontario and Quebec, the key to preventing a similar disaster in future is to avoid making the mistakes that led to problems in the first place, says Public Safety Minister Ralph Goodale.…
Economical Insurance posts net income of $5.3 million in 2017 Q1, down from $28.5 million in prior-year quarter
May 8, 2017 by Canadian UnderwriterAuto lines, catastrophe and weather-related losses served as a drag on underwriting results which, in turn, contributed to Economical Insurance posting net income of $5.3 million in 2017 Q1 compared to $28.5 million in 2016 Q1. “Higher investment income was…
‘No active deals on the table’ to sell minority interest in SGI Canada
May 7, 2017 by Canadian UnderwriterSaskatchewan has a new law allowing for the sale of up to 49% of crown corporations, but the provincial government will continue to have a monopoly on compulsory auto insurance, a spokesperson for Saskatchewan Government Insurance told Canadian Underwriter Friday.…
Insurance industry should look ahead to even larger losses than Fort McMurray, ICLR chair suggests
May 5, 2017 by Canadian UnderwriterThe insurance industry should start thinking about what “could have been” if the Fort McMurray wildfire had been an even larger loss, the chair of Institute for Catastrophic Loss Reduction (ICLR) said on Friday at the institute’s annual general meeting.…
New FireSmart Home Development Guide targets Canadian wildfire resiliency
May 5, 2017 by Canadian UnderwriterFireSmart Canada, in partnership with The Co-operators, has developed a new resource to help Canadian residents make their homes more resilient to wildfire. The FireSmart Home Development Guide, which will become part of the FireSmart Home Partners Program, outlines specific…