Topic Construction
Approved Surety & Casualty launches program to enhance contractor bonding limit
June 12, 2017 by Canadian UnderwriterToronto-based Approved Surety & Casualty Inc. announced on Monday that is has launched a capital disbursement program for brokers to enhance contractor bonding limit. “Approved Capital is a capital disbursement program for brokers that will allow their contractor clients to…
City of Edmonton examining flood mitigation options
June 9, 2017 by Canadian UnderwriterStaff from the City of Edmonton are scheduled to look at flood mitigation options for the city as the next step in its examination of upgrades to drainage infrastructure. The city said in a press release earlier this week that…
XL Catlin launches new contractors pollution liability program in Canada and the U.S.
June 8, 2017 by Canadian UnderwriterXL Catlin announced on Thursday that it has launched its new Contractors Pollution Liability Express Program in Canada and the United States to provide consumers with “speed to market and a streamlined environmental insurance underwriting approach” for small to midsize…
Southern Alberta town ravaged by 2013 flood sees development as promising sign
June 8, 2017 by The Canadian PressHIGH RIVER, Alta. – A new housing and retail development in High River, Alta., is being hailed as proof of renewed confidence in the town’s ability to handle another flood event. Massive floods that raged through southern Alberta in the…
Auditor calls for better pipeline regulations, monitoring in Saskatchewan
June 7, 2017 by Jennifer Graham - THE CANADIAN PRESSREGINA – Saskatchewan’s provincial auditor says the government isn’t doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have…
Climate change raises new risk: Are inland bridges too low?
June 6, 2017 by Scott McFetridge - THE ASSOCIATED PRESSDES MOINES, Iowa – A century-old train trestle stands as one of the trophies of Des Moines’ push to spruce up its downtown. Bicyclists and pedestrians pose for pictures beside the brightly painted beams of the Red Bridge and gather…
Large fire destroys lone grocery store in small, central New Brunswick town
June 5, 2017 by The Canadian PressMINTO, N.B. – A large fire that produced plumes of smoke that could be seen several kilometres away has destroyed a New Brunswick community’s only grocery store. RCMP Cpl. Kevin Jones said the Foodland on Main Street in Minto burned…
Nearly 6.9 million U.S. homes at risk of hurricane storm surge damage in 2017: CoreLogic
June 1, 2017 by Canadian UnderwriterNearly 6.9 million homes along the Atlantic and Gulf coasts in the United States are at potential risk of damage from hurricane storm surge inundation, according to CoreLogic’s 2017 Storm Surge Report. On Thursday, the global property information, analytics and…
Government of Alberta invests in debris dam to protect homes, businesses and infrastructure in Canmore
May 29, 2017 by Canadian UnderwriterThe Government of Alberta announced on Friday that it is investing an additional $10.3 million to protect homes, businesses and infrastructure in Canmore. The money represents the final funding towards a $48.6-million debris dam at Cougar Creek and is part…
Rebuilding after disasters should stress safer, better, Goodale says
May 11, 2017 by Jordan Press - THE CANADIAN PRESSOTTAWA – As the devastating floodwaters recede in Ontario and Quebec, the key to preventing a similar disaster in future is to avoid making the mistakes that led to problems in the first place, says Public Safety Minister Ralph Goodale.…
Insurance industry should look ahead to even larger losses than Fort McMurray, ICLR chair suggests
May 5, 2017 by Canadian UnderwriterThe insurance industry should start thinking about what “could have been” if the Fort McMurray wildfire had been an even larger loss, the chair of Institute for Catastrophic Loss Reduction (ICLR) said on Friday at the institute’s annual general meeting.…
New FireSmart Home Development Guide targets Canadian wildfire resiliency
May 5, 2017 by Canadian UnderwriterFireSmart Canada, in partnership with The Co-operators, has developed a new resource to help Canadian residents make their homes more resilient to wildfire. The FireSmart Home Development Guide, which will become part of the FireSmart Home Partners Program, outlines specific…