Canadian Underwriter

Topic
Climate Change


News Climate ChangeInsurance

As climate heats up, Allianz premiums get fired-up

June 29, 2005 by Canadian Underwriter

European insurer Allianz AG is set to increase future insurance premiums in direct response to the risk posed by global warming, which increases claims resulting from increased flood frequency and heat waves. In order to reduce greenhouse gas emissions caused

News Climate ChangeInsurance

Cost of storm damage to increase insured and uninsured loses by two-thirds

June 29, 2005 by Canadian Underwriter

Combined, global costs resulting from catastrophic storm damage may show an increase of two-thirds by the 2080s, according to the Association of British Insurers (ABI).The new report, “Financial Risks of Climate Change,” provides a global analysis of the projected climate-change

News Climate ChangeInsurance

Cunningham Lindsey Canada sends CAT team to Alberta

June 28, 2005 by Canadian Underwriter

Cunningham Lindsey Canada is sending numerous catastrophe adjusters to devastated southern Alberta, where recent mass flooding has caused insurmountable damage. The Company is sending over 30 CAT adjusters who have been working on Alberta’s claims resulting from flood and hail

News Climate ChangeInsurance

Canadian security gains strength (June 27, 2005)

June 27, 2005 by Canadian Underwriter

Canadian security is set to skyrocket with the inception of a new North American plan intended to improve the response to internal and external threats while bolstering free flow of trade between Canada, U.S. and Mexico, according to Deputy Prime

News Climate ChangeInsurance

Update: NOVA’s Alberta ethane outage

June 24, 2005 by Canadian Underwriter

NOVA Chemicals Corp. (TSX: NCX) continues to work to mitigate the impact of the severe weather-related shutdown of six natural gas processing plants owned and operated by third parties at Empress, AB. Production at the Compnay’s Joffre, AB manufacturing site

News Climate ChangeInsurance

NIST stresses need to secure tall buildings through design

June 23, 2005 by Canadian Underwriter

The National Institute of Standards and Technology (NIST) has recommended the technical community implement changes in the design, materials, construction, maintenance and techniques i.e. changes to codes and standards to improve tall building safety and performance. The report, based on

News Climate ChangeInsurance

Alberta winds result in increased expenses for insurance pools

June 23, 2005 by Canadian Underwriter

Alberta and Calgary-based chemical manufacturing company Nova Chemicals Corp has recently announced it will declare force majeure clauses which excuse the party from liability if an unanticipated event results in its inability for it to perform obligations under contract on

News Climate ChangeInsuranceMergers and Aqcuisitions

Insurers may be flooded with storm damage claims from Alberta

June 23, 2005 by Canadian Underwriter

Flooding is no longer the only force damaging residences in Alberta. Environment Canada has now released reports of several tornado sightings near Vauxhall, Taber and Coalhurst with at least one of them touching down. In addition, heavy windstorms and golf-ball-sized

News Climate ChangeInsurance

TRIA does not provide sufficient economic protection

June 21, 2005 by Canadian Underwriter

Insurers are failing to provide U.S. businesses with adequate terrorist attack protection and, according to a new study, this means a major terrorist attack would result in nationwide economic disruption.The report, “Trends in Terrorism: Threats to the United States and

News Climate ChangeInsurance

What’s New: In brief (June 21, 2005)

June 21, 2005 by Canadian Underwriter

On June 16, 2005, the newly formed company Assured Automotive representing the recent merger between Imperial Collision Centres and Oaktown Collision Centres held a charity boat cruise to raise money for Erinoak a charitable organization that aids children with physical

News Climate ChangeInsuranceMergers and Aqcuisitions

Marijuana grow operations may lead to higher insurance rates

June 20, 2005 by Canadian Underwriter

A recent fire in Richmond, BC is likely a result of a marijuana grow-op. The incident sets precedence for the new pot grow-op bylaw, set to take effect July 1, requiring landlords to check their premises for grow-ops every three

News Climate ChangeInsurance

Update, Alberta floods

June 20, 2005 by Canadian Underwriter

In a recent statement, Deputy Prime Minister Anne McLellan recently offered Rob Renner, Minister of Municipal Affairs, any assistance required to aid against the damage caused by relentless floods in Alberta. McLellan, Canada’s Minister of Public Safety and Emergency Preparedness,