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Liberal government defends LNG project approval, says impacts will be monitored

September 29, 2016 by Canadian Underwriter

OTTAWA – The Liberal government is defending its conditional approval of a massive liquefied natural gas project in northern British Columbia by pointing to what it calls a “historic partnership” on monitoring environment impacts. But critics are accusing Prime Minister

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Aon cyber coverage to include business interruption resulting from network failure

September 28, 2016 by Canadian Underwriter

Aon plc announced Wednesday its Cyber Enterprise Solution, suggesting that the policy wording on the insurance policy is proprietary to Aon and could cover property damage arising out of a network security breach. Aon Cyber Enterprise Solution “can address emerging

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50 Canadian brokerages score 100% on tech scorecard: CSIO

September 28, 2016 by Canadian Underwriter

The Centre for Study of Insurance Operations announced Tuesday it has identified 50 brokerages from across Canada as CSIO technology leaders. “These brokerages have been deemed top performers because they achieved a score of 100% on their CSIO technology scorecard

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Focus on behaviours of Generation Z to digitally engage consumers, Kanetix conference hears

September 28, 2016 by Jason Contant, Online Editor

Although insurers have often looked at the purchasing actions of Millenials, they would do best to start examining the behaviours of the following generation – Generation Z – to digitally engage their customers, attendees to the Kanetix Insights 2.0 conference

Crews work to clean up the wildfire destruction in Fort McMurray Alta, on Friday June 24, 2016. THE CANADIAN PRESS/Jason Franson News CatastrophesClimate ChangeInsurance

Changing climate is raising forest fire risk, says Natural Resources Canada annual report

September 28, 2016 by Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – A new government report says that by the end of this century a changing climate is expected to at least double the area burned each year by forest fires in Canada. The 2015 annual forest assessment by Natural

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Fort Mac wildfire more than an “earnings event” for some insurers, domestic market posts $1 billion underwriting loss in H1: MSA

September 28, 2016 by Canadian Underwriter

The Fort McMurray wildfire may have been an “earnings event” for the largest insurers in Canada’s property and casualty industry, but that was not the case for some smaller regional writers, notes the newly released MSA Quarterly Outlook Report for

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B.C. earthquake warning technology ShakeAlarm goes global

September 28, 2016 by Canadian Underwriter

Two Canadian companies have entered into a global preferred service provider agreement that will bring “affordable and reliable” British Columbia-developed earthquake early warning system (EEWS) technology to countries with high seismic risk that currently do not have proven systems in

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Lussier Dale Parizeau, Riverin Girard and Ouellet Fillion to merge

September 28, 2016 by Canadian Underwriter

An agreement has been reached to merge the operations of Lussier Dale Parizeau (LDP) and Riverin Girard & Associés and Ouellet Fillion, a move expected to enhance customer service and bolster LDP’s presence in Quebec. The deal was announced jointly

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Feds failed to assess privacy implications of Bill C-51 info sharing: watchdog

September 27, 2016 by Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The government hasn’t done enough to protect the privacy of “law-abiding Canadians” from new information-sharing powers in the omnibus security legislation known as C-51, says a federal watchdog. Privacy commissioner Daniel Therrien said Tuesday he was surprised that

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California heat wave intensifies wildfire threatening homes

September 27, 2016 by Noah Berger and Kristin J. Bender - THE ASSOCIATED PRESS

MORGAN HILL, Calif. – A heat wave stifling drought-stricken California worsened a wildfire Tuesday that burned buildings and forced people from their homes in remote communities along the Santa Cruz Mountains. The blaze in a rugged area about 30 miles

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Typhoon Megi kills four in Taiwan, shuts down transport but ‘limited damage reports’

September 27, 2016 by Canadian Underwriter

Typhoon Megi has caused “widespread transport disruption” in Taiwan and left four million people without a water supply but insured building stock in Taiwan is “typically designed to withstand typhoons gusts,” Risk Management Systems Inc. said in a report released

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City of Cedar Rapids, Iowa braces for high floodwaters

September 27, 2016 by Canadian Underwriter

High-flow measurements on two rivers in eastern Iowa are higher than any level since 2008 in several locations, the U.S. Geological Survey (USGS) said on Monday, as residents of the city of Cedar Rapids braced for near-record floodwaters. USGS field