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Is B.C.’s 2021 wildfire season the worst on record?

November 9, 2021 by Jason Contant

British Columbia’s 2021 wildfire season was severe, but it wasn’t the costliest on record from a suppression standpoint, according to a summary report from the BC Wildfire Service. Between April 1 and Sept. 30, 2021, a total of 1,610 wildfires

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Why D&O insurers need to focus on the ‘S’ in ESG

November 9, 2021 by Jason Contant

The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have

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Average temperatures rising over last 60 years in Nova Scotia: study

November 4, 2021 by The Canadian Press

HALIFAX – A study by two Nova Scotia biologists indicates average temperatures in the province have been trending upward for the last 60 years and have risen notably since 1998. Researchers at St. Francis Xavier University in Antigonish, N.S., analyzed

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Total number of deaths from B.C.’s summer heat dome nudges nearly 600: coroner

November 1, 2021 by The Canadian Press

VICTORIA – The BC Coroners Service has released updated numbers showing 595 people died in the province during extreme heat events over the summer. That’s an increase from the 569 deaths confirmed by the coroners service at the end of

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Ship fire out, but search continues for lost containers from vessel off B.C.’s coast 

October 29, 2021 by The Canadian Press

VICTORIA – A fire that burned for nearly a week on the container ship anchored off Victoria’s waterfront has been put out.   A statement from Danaos Shipping Co., the manager of the MV Zim Kingston, says the specialized marine service

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Rising seas: Delays to safeguarding N.S.-N.B. boundary area worries politicians

October 28, 2021 by Michael Tutto - THE CANADIAN PRESS

HALIFAX – Legislators on both sides of the Nova Scotia-New Brunswick boundary say efforts to safeguard their area from a potential climate disaster have dragged on too long. An engineering study commissioned to develop “three viable solutions” to the risk

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B.C.’s climate change plan aims for changes by 2030 for consumers, industry

October 26, 2021 by The Canadian Press

VICTORIA – British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven by 25 per cent compared with last year and boosting the

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Salvage crew’s access to smouldering ship hampered by storm on B.C.’s coast

October 25, 2021 by The Canadian Press

VICTORIA – The Canadian Coast Guard says a fire aboard a container ship off the coast of Victoria continues to smoulder. The coast guard says in a statement posted on social media that a salvage crew from Resolve Marine is

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Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill

October 20, 2021 by The Canadian Press

ST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board

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Ignoring ESG means ‘significant’ D&O risk to insurers and business: AGCS

October 19, 2021 by Canadian Underwriter Staff

Businesses and insurers ignore environmental, social and governance (ESG) issues at their peril, an Allianz Global Corporate & Specialty (AGCS) report released this month suggests. “If an ESG issue is not handled or disclosed appropriately by the company or board,

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How much are reinsurers underestimating climate change risk?

October 18, 2021 by Jason Contant

Global reinsurers could be underestimating climate change exposure by up to 50%, according to a recent analysis by S&P Global Ratings.  “Our scenario analysis suggests that reinsurers’ estimates of their exposure to natural catastrophe risk — and therefore physical climate

News Environmental

Canada leads world with pledge to curb methane leaks from oil and gas sector

October 15, 2021 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada is nearly doubling its target to cut methane emissions from the oil and gas sector as it prepares to sign a new global pledge at next month’s climate talks in Scotland. The colourless and odourless gas amounts