Topic
Climate Change
Update: NOVA’s Alberta ethane outage
June 24, 2005 by Canadian UnderwriterNOVA 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…
NIST stresses need to secure tall buildings through design
June 23, 2005 by Canadian UnderwriterThe 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…
Alberta winds result in increased expenses for insurance pools
June 23, 2005 by Canadian UnderwriterAlberta 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…
Insurers may be flooded with storm damage claims from Alberta
June 23, 2005 by Canadian UnderwriterFlooding 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…
TRIA does not provide sufficient economic protection
June 21, 2005 by Canadian UnderwriterInsurers 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…
What’s New: In brief (June 21, 2005)
June 21, 2005 by Canadian UnderwriterOn 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…
Marijuana grow operations may lead to higher insurance rates
June 20, 2005 by Canadian UnderwriterA 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…
Update, Alberta floods
June 20, 2005 by Canadian UnderwriterIn 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,…
What’s New: In brief (June 20, 2005)
June 20, 2005 by Canadian UnderwriterCORRECTION NOTICE: Royal & Sun Alliance Insurance Group Plc. is not calling for bids as was stated in the news release published on June 20, 2005. A Royal & Sun representative says the Company has no plans to call for…
Integro Canada recruits another ex-Marsh to its team
June 15, 2005 by Canadian UnderwriterIntegro USA an insurance brokerage firm offering brokerage and risk management services recently appointed John Chippindale as the new managing director and president of Integro Canada. Chippindale is another ex-Marsh Canada employee the New York-based firm has recruited to its…
Antarctic polluters liable for environmental damage
June 15, 2005 by Canadian UnderwriterAn international treaty has recently been developed to protect the Antarctic environment and under this pact, anyone who causes an environmental accident in the region will be held liable, according to the government of New Zealand the country chaired negotiations…
Tornadoes and tsunami’s threaten Canadian residents
June 15, 2005 by Canadian UnderwriterEnvironment Canada recently issued two tornado warnings for southwestern Ontario due to a report from a Ontario Provincial Police officer referencing a tornado touching down northeast of Fergus, Ontario and further reports that a tornado touched down in Elmvale.A funnel…