Canadian Underwriter

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Catastrophic Fort McMurray wildfire shows need for fire resilience

May 6, 2016 by Canadian Underwriter

The devastating wildfire in and around Fort McMurray – an event that has been estimated could produce insured losses of as much as $9 billion, becoming the most cost disaster event ever in Canada – clearly illustrates the pressing need

News CatastrophesConstructionMergers and Aqcuisitions

Alberta, TransAlta reach agreement to protect Calgary and other Bow River communities from flood and drought

April 28, 2016 by Canadian Underwriter

The province of Alberta has entered into a five-year agreement with power generation and wholesale marketing company TransAlta that will provide flood protection to Calgary, reduce the impacts of drought and help communities adapt to a changing climate. The five-year

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Cyber incidents in mining a complex topic for risk managers, mining product development has not kept pace with needs: Munich Re

April 12, 2016 by Angela Stelmakowich, Editor

SAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re.

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Disasters at ports can cause ‘major accumulated losses across multiple lines of business,’ Swiss Re warns

March 30, 2016 by Canadian Underwriter

For the second year in a row, Canada had “few natural disasters” in 2015, while the Aug. 12 explosions arising from sodium cyanide in the Chinese port of Tianjin shows that insurers need “more risk mapping in aggregation points,” Swiss

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U.S. Justice Dept. announces charges in dam cyberattack

March 24, 2016 by Tami Abdollah and Eric Tucker - THE ASSOCIATED PRESS

WASHINGTON – Seven hackers tied to the Iranian government were charged Thursday in a series of punishing cyberattacks on a small dam outside New York City and on dozens of banks – intrusions that reached into American infrastructure and disrupted