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climate change

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N.B. Auditor General finds climate change action items lack implementation plans and timelines

June 20, 2017 by Canadian Underwriter

Greenhouse gas (GHG) emissions in New Brunswick are not projected to decline much further under the status quo, and meeting 2030 and 2050 targets will require “significant action” from provincial and federal initiatives, the Auditor General of New Brunswick said

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMarkets / Coverages

Alberta advisory group recommends penalties for heavy oilsands emitters if cap hit

June 19, 2017 Ian Bickis - THE CANADIAN PRESS

CALGARY – Oilsands producers could face steep fines and suspended projects if industry comes close to hitting a mandated 100-megatonne limit under recommendations proposed by Alberta’s Oil Sands Advisory Group. But the non-binding report sets out a series of policies

News Climate ChangeCommercial LinesInsuranceMarkets / CoveragesTechnology

Canadian defence plan calls for cyber and drone attacks to meet 21st century threats

June 8, 2017 Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada will add hundreds of new elite special forces commandos, wage offensive cyberwarfare attacks and deploy armed drones to international battlefields as part of its military response to new global security threats. The hotly anticipated new defence policy

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Climate change raises new risk: Are inland bridges too low?

June 6, 2017 Scott McFetridge - THE ASSOCIATED PRESS

DES MOINES, Iowa – A century-old train trestle stands as one of the trophies of Des Moines’ push to spruce up its downtown. Bicyclists and pedestrians pose for pictures beside the brightly painted beams of the Red Bridge and gather

News CatastrophesClimate ChangeCommercial LinesConstructionInsurancePersonal Lines

Government of Alberta invests in debris dam to protect homes, businesses and infrastructure in Canmore

May 29, 2017 by Canadian Underwriter

The Government of Alberta announced on Friday that it is investing an additional $10.3 million to protect homes, businesses and infrastructure in Canmore. The money represents the final funding towards a $48.6-million debris dam at Cougar Creek and is part

News CatastrophesClimate ChangeConstructionInsuranceMarkets / CoveragesPersonal Lines

Rebuilding after disasters should stress safer, better, Goodale says

May 11, 2017 Jordan Press - THE CANADIAN PRESS

OTTAWA – 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.

News CatastrophesClimate ChangeCommercial LinesInsuranceMarkets / CoveragesReinsurance

Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns

May 2, 2017 Greg Meckbach, Associate Editor

Insurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”

News Climate ChangeInsurance

California says oceans expected to rise higher than thought

April 28, 2017 The Associated Press

SAN FRANCISCO – California says new climate change findings mean the ocean off the state’s coast is expected to rise higher than previously thought. The state’s Ocean Protection Council on Wednesday revised projections it provides to agencies to help them

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Warm summer means increased risk of forest fires, meteorologists say

April 17, 2017 The Canadian Press

Nearly a year after the massive wildfire that devastated Fort McMurray, Alta., a climate scientist says there may be more forest fires in Canada this summer. “If the forecast’s right that it’s a warmer than normal summer, we’ll probably have

News Climate ChangeInsuranceMarkets / CoveragesTechnology

Ontario launches global climate change challenge

April 17, 2017 by Canadian Underwriter

The province of Ontario has launched a global climate change challenge, urging local and international companies to develop the “next generation of transformative clean technologies” to help combat the phenomenon. The provincial Ministry of Research, Innovation and Science said in

News Climate Change

Government infrastructure, climate change programs ‘have to merge:’ Chiarelli

April 6, 2017 Greg Meckbach, Associate Editor

Municipalities looking for infrastructure funding from upper levels of government should make sure they have 10-year “asset management” plans, while upper levels of government need to keep in mind greenhouse gas emissions when drawing up their infrastructure plans, Ontario’s infrastructure

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesPersonal Lines

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.