Canadian Underwriter

Topic
Catastrophes


Gregor Robinson, Senior Vice President, Policy & Chief Economist, Insurance Bureau of Canada
Feature AssociationsCatastrophes

Preparing for Disaster

March 1, 2014 Gregor Robinson, Senior Vice President, Policy & Chief Economist, Insurance Bureau of Canada

Understanding insurance industry conditions today can help Canada be better prepared moving forward. The cost of natural disaster is rising as the global risk landscape evolves. Policy-makers must re-evaluate how they mitigate the financial impact of disasters.

Arash Nasseri, Senior Engineer, Research and Modelling, AIR Worldwide
Feature Catastrophes

A Matter of Time

March 1, 2014 Arash Nasseri, Senior Engineer, Research and Modelling, AIR Worldwide

Earthquakes happen in Canada all the time, but most are either too slight to cause damage or occur in remote and sparsely populated areas. But it is only a matter of time before a really significant earthquake strikes one of the major concentrations of insured property found today in highly developed areas.

Feature CatastrophesClimate Change

Weather Beaten?

March 1, 2014 Greg Meckbach, Associate Editor

Climate change is contributing to sea level rise, coupled with changing temperature and precipitation patterns. This has Canadian municipal risk managers grappling with challenges posed by more frequent and more severe disasters, including flood and damaging winds. While some officials focus on mitigation measures, such as improving drainage and building dikes, some experts suggest the best approach is to discourage development in high-risk areas, or at the very least, enforce building standards that reduce risk.

Angela Stelmakowich, Editor
Feature Catastrophes

Beauty and the Beast

March 1, 2014 Angela Stelmakowich, Editor

Heavy snow in Japan that closed many roads, choking off the delivery of goods and parts to about a half-dozen car makers, recently prompted the suspension of operations for as long as several days. Activity has since resumed, but the

Kevin Leong, Chief Executive Officer & Chief Agent, Canada, Allianz Global Corporate & Specialty
Feature Catastrophes

Business Case

March 1, 2014 Kevin Leong, Chief Executive Officer & Chief Agent, Canada, Allianz Global Corporate & Specialty

Business risks are becoming increasingly complex. Canadian companies must respond to growing challenges by adopting stronger internal controls, implementing a holistic approach to risk management and determining if business continuity plans are robust enough to adequately address any major interruption.

News CatastrophesInsuranceMergers and Aqcuisitions

Majority of insurer-led Canterbury earthquake rebuild projects completed or underway, Insurance Council says

February 27, 2014 by Canadian Underwriter

The majority of insurer-managed “over cap” repair and rebuild projects for damage from the 2011 Canterbury earthquake are now completed or underway, the Insurance Council of New Zealand said Wednesday. As of the end of 2013, 1,494 insurer-managed rebuilds and

News CatastrophesInsuranceMergers and Aqcuisitions

Rail cars used to ship oil ‘unacceptable public risk,’ replacement cars may not be sufficient

February 27, 2014 Joan Lowry, THE CANADIAN PRESS

WASHINGTON – Rail tank cars being used to ship crude oil from North Dakota’s Bakken region are an “unacceptable public risk,” and even cars voluntarily upgraded by the industry may not be sufficient, a member of the National Transportation Safety

News CatastrophesInsurance

U.S. federal emergency order says oil shipments must meet more stringent shipping rules

February 26, 2014 Joan Lowy And Matthew Brown, THE ASSOCIATED PRESS

WASHINGTON – Federal regulators issued an emergency order Tuesday requiring more stringent testing of crude oil before shipment by rail to determine how susceptible the cargo is to explosion or fire, a response to a string of train accidents since

News CatastrophesInsurance

Railroads agree to voluntary measures to make crude shipments safer

February 21, 2014 Matthew Brown And Joan Lowy, THE ASSOCIATED PRESS

BILLINGS, Mon. – Railroads that haul volatile crude shipments have reached an agreement with U.S. transportation officials to adopt wide-ranging, voluntary safety measures after a string of explosive and deadly accidents. The agreement between the U.S. Transportation Department and the

News AssociationsCatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Insurance Institute to hold National Education Week, offer weather preparedness seminars

February 21, 2014 by Canadian Underwriter

The Insurance Institute of Canada will be celebrating National Education Week from Feb 24 to 28, with regional chapters holding professional development events for industry professional. Events and seminars hosted across Canada on topics specific to the insurance industry, as

News CatastrophesInsurance

BNSF seeking to buy upgraded tank cars after fatal accidents expose safety flaws

February 20, 2014 Matthew Brown, THE ASSOCIATED PRESS

BILLINGS, Mon. – BNSF Railway Co. says it intends to buy a fleet of 5,000 strengthened tank cars to haul oil and ethanol in a move that would set a higher safety standard for a fleet that’s seen multiple major

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Japan, U.S. face most economic risk from natural hazards

February 20, 2014 by Canadian Underwriter

Japan and the United States face the highest economic exposure to natural hazards, such as tropical storms and earthquakes, notes a new report from risk analytics and research firm Maplecroft. Taiwan, China, India, Mexico, the Philippines, Italy, Australia and Indonesia