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Government of Alberta to review Fort McMurray wildfire response

June 16, 2016 by Canadian Underwriter

Alberta’s Ministry of Agriculture and Forestry has reported that it is reviewing its response to the Fort McMurray wildfire, which is being held, but estimated to cover nearly 590,000 hectares as of Wednesday afternoon. The review will look at the

News CatastrophesConstructionMergers and Aqcuisitions

Exercise Coastal Response to test B.C.’s earthquake and tsunami response

June 6, 2016 by Canadian Underwriter

The province of British Columbia is hosting an exercise to test the BC Earthquake Immediate Response Plan and promote interagency co-operation among both internal and external agencies that support emergency response. From Tuesday to Friday, Exercise Coastal Response, the province’s

News CatastrophesConstructionMergers and Aqcuisitions

Fort McMurray wildfire nearly 50% contained; no significant growth in two days: Alberta government

June 3, 2016 by Canadian Underwriter

The Fort McMurray wildfire remains out of control, but has not seen any significant growth over the past 48 hours and is nearly 50% contained, the government of Alberta said in a statement on Thursday. It is estimated to cover

News CatastrophesConstructionMergers and Aqcuisitions

More than 6.8 million U.S. homes with reconstruction value of US$1.5 trillion at risk from hurricane storm surge: CoreLogic

June 1, 2016 by Canadian Underwriter

More than 6.8 million homes on the Atlantic and Gulf coasts of the United States are at potential risk of damage from hurricane storm surge inundation, with a total reconstruction cost value of more than US$1.5 trillion, CoreLogic said on

News CatastrophesConstruction

Too many unknowns to recommend fracking in western Newfoundland: review panel

May 31, 2016 by Sue Bailey - THE CANADIAN PRESS

ST. JOHN’S, N.L. – There are too many unknown risks and data gaps to green-light fracking, says a government-appointed panel that studied hydraulic fracturing in western Newfoundland. In a report released Tuesday, it recommends that the province continue its freeze

News CatastrophesConstruction

Climate change scientists ask federal government to reject B.C. LNG project

May 30, 2016 by Gemma Karstens-Smith - THE CANADIAN PRESS

VANCOUVER – Dozens of international climate scientists are calling on the Canadian government to reject a proposed liquefied natural gas project in northwestern British Columbia, saying it would have dire environmental effects. Ninety academics from Canada, the United States, Australia

News ConstructionLegal

XL Catlin adds rectification expense cover to contractor’s professional and pollution legal liability insurance

May 30, 2016 by Canadian Underwriter

Contractors and environmental consultants in Canada and the United States now have access to enhanced protection under XL Catlin’s contractor’s professional and pollution legal liability insurance with the addition of rectification expense coverage. Standard professional liability coverage addresses third-party claims

News CatastrophesConstructionMergers and Aqcuisitions

Passage of U.S. flood insurance bill would boost development of private market: A.M. Best

May 27, 2016 by Canadian Underwriter

Insurance rating firm A.M. Best Company said on Thursday that it believes that pending legislation that would encourage more private insurers to write flood insurance in the United States would be a positive development for the current flood insurance marketplace

News CatastrophesConstructionMergers and Aqcuisitions

Verisk Insurance Solutions expands FireLine to Western Canada

May 26, 2016 by Canadian Underwriter

Verisk Insurance Solutions announced on Thursday that it is expanding its FireLine wildfire risk management service to include the provinces of Alberta and British Columbia. FireLine, which is well-established in the western United States, enables property-specific assessment of wildfire risk

News CatastrophesConstructionMergers and Aqcuisitions

B.C. provides $1.47 million for flood mitigation project near Fairmont Hot Springs Resort

May 24, 2016 by Canadian Underwriter

The province of British Columbia announced on Friday that it is committing nearly $1.5 million toward a flood mitigation project in East Kootenay. The $1.47 million in funding will go toward a flood mitigation project near Fairmont Hot Springs that

News CatastrophesConstructionLegalMergers and Aqcuisitions

National Energy Board recommends conditional approval of the Trans Mountain Expansion Project

May 20, 2016 by Canadian Underwriter

Canada’s National Energy Board (NEB) has issued a 533-page report recommending the approval of the Trans Mountain Expansion Project (Project), subject to 157 conditions. The recommendation from the NEB, an independent federal regulator of pipelines, energy development and trade, follows a

News CatastrophesConstructionMergers and Aqcuisitions

Earthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, new study says

May 20, 2016 by Canadian Underwriter

Earthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, and they have been widespread throughout the state ever since, according to a new historical review published online. A Historical Review of Induced Earthquakes