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IBC applauds Toronto port lands flood protection funding

June 30, 2017 by Canadian Underwriter

Investments in flood mitigation will help make Toronto’s under-used Port Lands safer for mixed-use development, Insurance Bureau of Canada suggested Thursday in reaction to a June 28 announcement that the federal and provincial governments will contribute $1.185-billion towards a project

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Insured losses from Tropical Cyclone Debbie reach nearly AU$1 billion: Insurance Council of Australia

June 30, 2017 by Canadian Underwriter

Insured losses from Tropical Cyclone Debbie have reached nearly AU$1 billion as of June 28, the Insurance Council of Australia (ICA) said on Thursday. As of June 28, insurers had received more than 58,000 claims stretching from North Queensland to

News CatastrophesConstructionMergers and Aqcuisitions

Toronto mayor: Hidden flooding damage will cost millions to repair

June 29, 2017 by The Canadian Press (CPSTF)

Toronto’s mayor says the cost of fixing the damage done to the city’s shorelines and the Toronto Islands by high water levels on Lake Ontario this summer will run to many millions of dollars. But John Tory warns the full

News CatastrophesConstructionMergers and Aqcuisitions

Fire destroys N.L. apartment complex, leaves dozens homeless in St. John’s

June 27, 2017 by The Canadian Press (CPSTF)

JOHN’S, N.L. – A massive, fast-moving fire at a public housing complex has forced about 35 people out of their homes in a blaze that sent large plumes of smoke billowing above St. John’s, N.L. Fire platoon Chief Brian Tucker

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Negligence finding against brokerage arising from denied commercial fire claim overturned

June 20, 2017 by Canadian Underwriter

Marsh Canada Ltd. was not contributorily negligent after a fire claim filed by a Halifax pub owner was denied by its Lloyd’s insurers because the property was neither sprinklered nor made of masonry, contrary to a statement on the insured’s

News CatastrophesConstructionLegal

Alberta advisory group recommends penalties for heavy oilsands emitters if cap hit

June 19, 2017 by Ian Bickis - THE CANADIAN PRESS

CALGARY – Oilsands producers could face steep fines and suspended projects if industry comes close to hitting a mandated 100-megatonne limit under recommendations proposed by Alberta’s Oil Sands Advisory Group. But the non-binding report sets out a series of policies

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Commercial fleet managers should have ‘clear and straightforward guidelines’ on drivers’ use of electronic devices: Northbridge

June 19, 2017 by Canadian Underwriter

It is not necessarily safe to use hands-free electronic devices while driving, especially when operating construction or contractor’s equipment, Northbridge Insurance suggested in a blog post Monday. Fleet managers should “include a policy on the use of wireless communication devices”

News CatastrophesConstruction

High River finishes rebuilding but abandoned neighbourhood reminder of flood

June 19, 2017 by Bill Graveland - THE CANADIAN PRESS

HIGH RIVER, Alta. – Even as High River finishes rebuilding, an abandoned neighbourhood full of million-dollar homes is a stark reminder of devastating flooding four years ago. Floods in parts of southern Alberta in June 2013 caused billions of dollars

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Canadian building standards meant to guard against fires like London blaze

June 16, 2017 by Michelle McQuigge - THE CANADIAN PRESS

TORONTO – Canadian building standards should theoretically prevent the sort of blaze that engulfed a London apartment tower earlier this week, but at least one expert says flouting those regulations can put people in serious danger. Exterior panelling known as

News Construction

Approved Surety & Casualty launches program to enhance contractor bonding limit

June 12, 2017 by Canadian Underwriter

Toronto-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

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City of Edmonton examining flood mitigation options

June 9, 2017 by Canadian Underwriter

Staff 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

News CatastrophesConstructionLegalMergers and Aqcuisitions

XL Catlin launches new contractors pollution liability program in Canada and the U.S.

June 8, 2017 by Canadian Underwriter

XL 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