Topic
Catastrophes
Manitoba family tired of moving since 2011 flood, wants to go home
January 13, 2016 by Canadian UnderwriterWINNIPEG – A family on a northern Manitoba First Nation that has been forced to move more than 15 times since the flood of 2011 says they don’t know if they will have a place to live come Feb. 1.…
Cyber, business interruption among top business risks in 2016 for Canadian respondents: Allianz
January 13, 2016 by Canadian UnderwriterPollution and macroeconomic developments were among the top 10 most important business risks for 2016 identified by Canadian experts surveyed, which did not make the top 10 in 2015. Allianz Global Corporate & Specialty SE announced Wednesday its 5th annual…
Insurance payout for 2015 natural disasters 31% below average: Aon Benfield
January 13, 2016 by Canadian UnderwriterInsured losses for global natural disasters in 2015 were 31% below the 15-year average of US$51 billion, the lowest annual insured loss total since 2009, Aon Benfield’s catastrophe model development team said on Wednesday. According to Impact Forecasting’s Annual Global…
Canada’s p&c industry projected to see underwriting profit for 2015; capital will follow opportunity: Cook
January 12, 2016 Angela Stelmakowich, Editor“Capital tends to follow opportunity,” and while Canada is currently viewed as a region affording opportunity, the property and casualty insurance industry here could experience significant pressure if investors start regarding other areas as greener pastures, Philip Cook, CEO of…
B.C. seeking input on future of Emergency Program Act
January 12, 2016 by Canadian UnderwriterThe province of British Columbia is seeking input on the future of the Emergency Program Act (EPA) through an online public engagement website. The site will be open until Friday, Feb. 19 at 4 p.m. PDT, the Ministry of Transportation…
U.S. National Centre for Atmospheric Research selects supercomputer to aid climate change, severe weather research
January 12, 2016 by Canadian UnderwriterThe U.S. National Center for Atmospheric Research (NCAR) announced on Monday today that it has selected a new supercomputer named Cheyenne to help researchers across the country studying climate change, severe weather, geomagnetic storms, seismic activity, air quality, wildfires and…
Pickering, Ontario nuclear power plant approved to continue operating after 2020
January 12, 2016 by Canadian UnderwriterThe Ontario government announced Tuesday it has approved a plan to continue operating the Pickering nuclear power plant, located about five kilometres east of the Toronto city limits, after 2020. Pickering is one of two nuclear plants operated by Ontario…
Ford, University of Michigan test autonomous vehicles in wintry conditions
January 12, 2016 by Canadian UnderwriterFord and the University of Michigan said on Monday that they have conducted what they believe are the first tests of autonomous vehicles in wintry conditions. The automaker and university tested the vehicles in Michigan and on the university’s 32-acre…
B.C. issues final submission for Kinder Morgan’s Trans Mountain pipeline expansion project
January 11, 2016 by Canadian UnderwriterThe province of British Columbia has reaffirmed its five conditions for any heavy oil pipeline – including Kinder Morgan’s Trans Mountain expansion project – to receive provincial support. In its final written submission to the National Energy Board (NEB) panel…
Firefighting funds depleted: Record number of wildfires in Canadian parks
January 11, 2016 Bob Weber - THE CANADIAN PRESSWildfires scorched a record amount of Canada’s national parks last year – the latest in a number of long, hot summers that have almost entirely depleted Parks Canada’s firefighting reserve. “We had a very busy fire year,” said director of…
Federal, Manitoba governments expanding network of weather stations
January 8, 2016 by Canadian UnderwriterThe federal and Manitoba governments announced on Friday that they are expanding the province’s network of automated weather stations to provide farmers with more accurate information on rain and snowfall distribution. Manitoba has a total of 61 automated stations operated…
Field crews measure record flooding along Mississippi, Ohio Rivers
January 8, 2016 by Canadian UnderwriterField crews with the U.S. Geological Survey (USGS) are measuring record flooding on rivers and streams in 12 states across the country, with more than 50 preliminary record-high flood measurements along the Mississippi and Ohio Rivers and their tributaries. The…