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Nominations for Dale Rempel Award of Excellence now open

May 31, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and

Health check
News InsurancePersonal Lines

Program allows travellers to pay emergency medical expenses in real-time, no out-of-pocket expenses: Allianz Global Assistance

May 31, 2016 by Canadian Underwriter

Customers who purchase a travel insurance plan included in a new limited program from Allianz Global Assistance Canada will be able to pay for emergency medical help while travelling without paying out of pocket. A first in Canada, the solution

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News CatastrophesInsurancePersonal Lines

Swollen river feeds flooding near Houston as residents flee

May 31, 2016 by John L. Mone - THE ASSOCIATED PRESS

RICHMOND, Texas – Residents of some rural southeastern Texas counties were bracing for more flooding Tuesday along a river that had reached a record-high crest just two years after it had run dry in places because of drought. The National

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News CatastrophesInsurance

ICLR to host June workshop on extreme atmospheric peril events

May 31, 2016 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on extreme atmospheric peril events on Friday, June 17 in Toronto. The ICLR said that its next Friday Forum, titled What Would Happen if Extreme Atmospheric Peril Events

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News InsuranceLegislation / Regulation

Saskatchewan takes steps to strengthen privacy of personal health records

May 31, 2016 by Canadian Underwriter

Amendments to health information privacy legislation in Saskatchewan will help protect personal health records and increase accountability of those responsible for protecting those records, Saskatchewan’s Ministry of Health said on Tuesday. Amendments to The Health Information Protection Act (HIPA) come

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News CatastrophesClimate ChangeInsurance

National model building code should account for anticipated climate change: Auditor General report

May 31, 2016 by Canadian Underwriter

Canada’s federal environment and climate change department “should work with partners” to figure out how to produce data used to measure intensity, duration and frequency of storms, and the National Research Council should “incorporate climate change trends” when developing structural

Oil Drilling Rig
News CatastrophesConstructionInsurance

Too many unknowns to recommend fracking in western Newfoundland: review panel

May 31, 2016 by Sue Bailey - THE CANADIAN PRESS

ST. JOHN’S, N.L. – There are too many unknown risks and data gaps to green-light fracking, says a government-appointed panel that studied hydraulic fracturing in western Newfoundland. In a report released Tuesday, it recommends that the province continue its freeze

Fraser flood
News CatastrophesInsurancePersonal Lines

B.C. invests $1 million in development of Lower Mainland flood action plan

May 31, 2016 by Canadian Underwriter

To better understand and mitigate the impacts of flooding along the Fraser River and southern coast of British Columbia, the province announced on Monday that it is working collaboratively with all partners in the strategy and the Fraser Basin Council

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News InsuranceLegal

Human error seen as leading cause of information security breaches for small businesses: Canadian survey

May 31, 2016 by Canadian Underwriter

Not enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian

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News Earnings / RatingsInsuranceMarkets / CoveragesPersonal Lines

Global P&C insurance market forecast to grow at a compound annual growth rate of 5.77% from 2016 to 2020

May 31, 2016 by Canadian Underwriter

The global property and casualty insurance market is forecast to grow at a compound annual growth rate (CAGR) of 5.77% during the period of 2016 to 2020, according to a new report from Research and Markets. The report from the

Smoke fills the sky from wildfires over Fort McMurray, Alta., in a May 13, 2016, file photo. THE CANADIAN PRESS/Jason Franson
News Insurance

Homes not safe: Alberta premier says return to Fort McMurray delayed for some

May 30, 2016 by Steve Wilson

EDMONTON – Alberta Premier Rachel Notley says up to 2,000 evacuees expecting to move back to their homes in fire-damaged Fort McMurray this week will not be able to do so until possibly September. She says more than 500 homes

Lelu Island, near Prince Rupert, BC, is seen March 8, 2013. Malaysian national oil company Petronas says it expects to spend up to $16 billion to build a liquefied natural gas export facility and related infrastructure in Western Canada. The Pacific Northwest LNG project, located on Lelu Island in the Port Edward district, will liquefy and export natural gas produced in northeastern British Columbia by Progress Energy Canada. THE CANADIAN PRESS/Robin Rowland
News Climate ChangeConstructionInsurance

Climate change scientists ask federal government to reject B.C. LNG project

May 30, 2016 by Gemma Karstens-Smith - THE CANADIAN PRESS

VANCOUVER – Dozens of international climate scientists are calling on the Canadian government to reject a proposed liquefied natural gas project in northwestern British Columbia, saying it would have dire environmental effects. Ninety academics from Canada, the United States, Australia