Topic
Catastrophes
Emissions targets stemming from Paris won’t be internationally binding: McKenna
November 27, 2015 The Canadian PressOTTAWA – Canada’s environment minister says she’s hoping a durable, legally binding agreement will be reached at next week’s climate summit in Paris. But Catherine McKenna says any eventual targets set by countries involved in the negotiations likely won’t be…
Cracks in track led to train derailment in Banff, coal waste in river: report
November 26, 2015 The Canadian PressBANFF, Alta. – The Transportation Safety Board has determined that a fractured piece of railway track caused a derailment last year that sent coal ash waste into a creek in Banff National Park. A report released Thursday found that a…
Insurance Bureau of Canada, LexisNexis Risk Solutions and other partners contribute to national flood program
November 26, 2015 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) and other partners are collaborating on a national flood program to be led by the private sector. The new flood maps and supporting data, developed in partnership with LexisNexis Risk Solutions, JBA Risk Management,…
Climate protection to become a core business for Allianz SE
November 26, 2015 by Canadian UnderwriterAllianz SE plans to integrate climate protection into its entire business portfolio – a move that will include ending financing of coal-based business models – the insurer announced in the run-up to the UN Climate Change Conference in Paris. “Our…
A year’s worth of rain falls on Qatar’s Hamad airport
November 25, 2015 THE ASSOCIATED PRESSDUBAI, United Arab Emirates – A year’s worth of rain deluged parts of Qatar on Wednesday as seasonal storms moving through Saudi Arabia flooded streets in a city northwest of the capital, Riyadh. The storm system clouded skies over parts…
2015 Q3 sees tenth consecutive quarterly decline for global insurance rates, casualty rate increases in certain regions driven by cyber
November 25, 2015 by Canadian UnderwriterCommercial insurance rates decreased globally during 2015 Q3 – posting a global composite decline of 4.8% – marking the tenth consecutive quarterly decline, notes the November 2015 edition of Marsh’s Global Insurance Market Quarterly Briefing. Released Tuesday, the briefing shows…
Polish government reopens debate over plane crash that killed president Kaczynski
November 25, 2015 Vanessa Gera - THE ASSOCIATED PRESSWARSAW, Poland – Poland’s new conservative government has shut down the website of a state investigation into the 2010 plane crash that killed President Lech Kaczynski, reopening debate over the disaster. Law and Justice, the conservative party that took power…
Allianz’s new three-year plan sets targets to increase earnings and profitability, implement digital processes
November 25, 2015 by Canadian UnderwriterAllianz SE plans to meet the transforming insurance industry head-on by strengthening resilience and creating scale in important markets in a bid to achieve new growth and profitability targets. The insurer “will strengthen its foundations with a multi-year Renewal Agenda,…
Allianz to sell coal-related bonds, double investment in wind power
November 24, 2015 David Rising - THE ASSOCIATED PRESSBERLIN – German financial group Allianz SE, one of the world’s largest asset managers, said Tuesday it would over the next six months decrease investments in companies using coal and boost funding on those focused on wind power. CEO Oliver…
Ontario looks to reduce effects of climate change by banning coal-fired electricity generation
November 24, 2015 by Canadian UnderwriterOntario took the North American lead Monday by passing legislation to permanently ban coal-fired electricity generation, a move the provincial government calls as a significant step in the fight against climate change. The landmark law – Ending Coal for Cleaner…
Cyber capability should be on parity with established aspects of terrorist armory: Pool Re
November 23, 2015 by Canadian UnderwriterA potential shift toward cyber terrorism is among the factors contributing to the United Kingdom’s move last week to double funds set aside to combat cyber attacks, Julian Enoizi, chief executive of Pool Reinsurance Company Limited, notes in a recent…
U.S. Environmental Protection Agency awards US$1 million grant to study impact of California drought on water quality
November 20, 2015 by Canadian UnderwriterThe United States Environmental Protection Agency (EPA) has announced a US$1 million grant to the Public Policy Institute of California (PPIC) to conduct research on the effects of drought and extreme weather on the state’s water resources. The grant will…