Canadian Underwriter

Topic Environmental

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Main B.C. highway to reopen to essential traffic by Monday after storms

December 16, 2021 by Hina Alam and Amy Smart - THE CANADIAN PRESS

VANCOUVER – A key highway link between British Columbia’s Lower Mainland and the rest of the province will reopen to essential traffic by the end of the day on Monday, five weeks after it was heavily damaged by severe rainstorms.

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Climate change expected to push up payouts

December 13, 2021 by Philip Porado

It’s likely Canada’s not fully prepared for flood risks faces today, let alone for what climate change could bring, Judith Ellison, catastrophe modelling manager at JBA Risk Management told a Dec. 2 CatIQ Connect Quarterly session. She noted many properties

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More than 80,000 customers remain without power in windswept Ontario: Hydro One

December 13, 2021 by The Canadian Press

TORONTO – More than 80,000 Ontarians remained without power Sunday, a day after violent winds blew through the southern part of the province. Utility Hydro One says 450,000 customers lost power during the wind storm, and crews were still working

BC flooding
News B.C.CatastrophesClaimsCommercialEnvironmentalInsurersLoss TrendsPersonal HomeProperty

B.C. flooding is the costliest severe weather event in province’s history

December 10, 2021 by Jason Contant

It’s official — the massive flooding in southern British Columbia is the costliest severe weather event in the province’s history. In a press release issued late Thursday by Insurance Bureau of Canada (IBC), Catastrophe Indices and Quantification Inc. (CatIQ) said

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Canada on track to reduce fossil fuel use by 62% by 2050

December 10, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues. In a new report on long-term Canadian energy supply

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Diverse coastal protections can help limit storm risk

December 9, 2021 by Canadian Underwriter Staff

Both constructed solutions like dykes and seawalls and greener approaches like saltmarsh restoration and dune replenishment can help combat financial and social costs that result from severe storms, a new report noted. “Rising seas, swollen atmospheric rivers and post-tropical storms

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Why pollution liability brokers should pay attention to this auditor general report

December 9, 2021 by Greg Meckbach

The Ontario government should re-visit a rule that leaves polluters off the hook for hazardous spills that cost less than $10,000 to clean up, the province’s auditor general suggests. In 2016, the Ontario environment ministry [now called the Ministry of

News AdjustersB.C.ClaimsClaims ProfessionalsEnvironmentalPersonal AutoPersonal HomeSupply Chain

B.C. moves to recovery management phase after floods; most military leaving province

December 7, 2021 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – British Columbia is shifting into repair and recovery mode following devastating floods and landslides caused by record rains that crippled transportation links, deluged agricultural operations and forced the evacuations of thousands of people, says the province’s public safety

News Emerging RisksEnvironmentalInsurersLiability

Institutional investors increasingly likely to divest on ESG grounds

December 6, 2021 by Canadian Underwriter Staff

Like insurers, Canada’s institutional investors are examining how environmental, social and governance (ESG) factors weigh into their operational decisions. A new EY report on global institutional investors that includes Canada showed 74% are more likely to divest from companies with

News B.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksEnvironmentalLoss TrendsPersonal HomeProperty

Can we blame climate change for B.C. ‘atmospheric river?’

December 2, 2021 by Greg Meckbach

We can’t say for sure that climate change has caused the heavy rainfall and severe floods and landslides currently affecting British Columbia, but global warming is making disasters like this more likely, a Swiss Re speaker suggested Thursday. “Warmer air

News ClaimsEnvironmentalSaskatchewan

Drought, wildfires, COVID-19 drive up Saskatchewan deficit to record $2.7B

December 2, 2021 by Mickey Djuric - THE CANADIAN PRESS

REGINA – Saskatchewan’s latest financial report says drought, wildfires and the COVID-19 pandemic have heavily contributed to what is projected to be a record deficit. The mid-year report released Monday shows a deficit of $2.7 billion, an increase of $97

News AlbertaClaimsEnvironmentalLiability

Alberta rolls out new rules forcing industry to pay for abandoned well cleanup

December 1, 2021 by The Canadian Press

CALGARY – Alberta’s oil and gas regulator has rolled out new rules aimed at addressing the growing problem of inactive and abandoned wells in the province. The new rules will require the energy industry to spend $422 million next year