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Communities
MSA calls for ‘sustainable solution for underinsurance’ in overland flood
June 27, 2017 by Canadian UnderwriterA potential solution to overland flood risk in Canada “could follow” the model of Britain’s Flood Re, MSA Research Inc. suggested in a report released Monday to Canadian Underwriter. Toronto-based MSA released its Quarterly Outlook Report for Q1 2017. In…
N.B. Auditor General finds climate change action items lack implementation plans and timelines
June 20, 2017 by Canadian UnderwriterGreenhouse 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…
California says oceans expected to rise higher than thought
April 28, 2017 The Associated PressSAN 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…
Alberta government provides $15M a year for FireSmart program, up from $3.8M last year
April 17, 2017 by Canadian UnderwriterThe Government of Alberta has announced it is providing $15 million a year for its FireSmart program, up from $3.8 million last year, to help communities boost their wildfire protection activities. FireSmart uses preventative measures to reduce wildfire threat to…
Government of Alberta boosts Calgary’s flood resilience with $13.4 million investment
April 12, 2017 by Canadian UnderwriterThe Government of Alberta announced on Wednesday that it is investing about $13.4 million to help the City of Calgary boost its flood readiness. Six provincial grants are part of $63 million earmarked in Budget 2017 to help Alberta communities…
Standards Council of Canada, Intact Centre on Climate Adaption to study flood resiliency for new residential communities
March 31, 2017 by Canadian UnderwriterThe Standards Council of Canada (SCC) and the Intact Centre on Climate Adaptation (Intact Centre) at the University of Waterloo have announced that they are joining forces to develop a new report on best practices for making new residential communities…
Landmark federal investments for disaster-proofing communities, enhancing resilience: IBC
March 23, 2017 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has voiced the property and casualty industry’s strong support for the federal government’s move to beef up investments aimed at enhancing resilience by better disaster-proofing communities. As part of the 2017 Federal Budget tabled Wednesday,…
IBC supports regional platform for disaster risk reduction outcomes, vows to continue working with government
March 15, 2017 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has voiced the property and casualty industry’s continued support for efforts by the federal government to enhance disaster risk reduction and make communities more resilient. “Our industry remains committed to being a full partner with…
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ
January 6, 2017 by Canadian UnderwriterSevere weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the…