Canadian Underwriter

Topic Environmental

Cleaning up in Charlottetown after Fiona
News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsEnvironmentalP.E.I.Personal HomeSupply Chain

P.E.I. utility Maritime Electric estimates cost of Hurricane Fiona

December 13, 2022 by The Canadian Press

CHARLOTTETOWN – Prince Edward Island’s electric utility says it will cost about $35 million to repair damage to the company’s distribution system caused by post-tropical storm Fiona. A spokesperson for Maritime Electric said that estimate is based on invoices received

Close up shot of a barometer pressure gauge ranging from "stormy" to "very dry"
News BrokersCatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

What’s the better parametric insurance trigger for Canadian hurricanes?

December 12, 2022 by Alyssa DiSabatino

Hurricane risk differs in Canada, which is why parametric insurance triggers that work in the U.S. may not be as effective in Canada, said a panellist in a Canadian Underwriter webinar.   Barometric pressure may be a better parametric trigger

Ships work to control a fire onboard the MV Zim Kingston
News B.C.ClaimsEnvironmental

Cargo from 2021 spill still washes up on B.C. shores

December 8, 2022 by Ashley Joannou - THE CANADIAN PRESS

When Jill Laviolette started picking debris off Cape Palmerston beach on Vancouver Island following the container spill from the MV Zim Kingston freighter, the inflatable dinosaur and unicorn toys she pulled from the sand looked nearly pristine. More than a

A heavy snowfall sweeps through the province of British Columbia
News B.C.ClaimsEnvironmental

Delta, B.C., mayor calls for review of snow alerts after winter maintenance ‘failure’

December 6, 2022 by The Canadian Press

DELTA, B.C. – A Metro Vancouver mayor is calling for the B.C. government to review its snow removal contracts and consider using its emergency alert system to better inform drivers of dangerous road conditions. In a letter to Transportation Minister

Storm damaged house
News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyCommercial AutoConstructionEmerging RisksEnvironmentalInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecRisk ManagersSupply ChainTrusted Advisor

What makes the current claims environment so challenging?

December 2, 2022 by Philip Porado

A convergence of global factors will cause above-average levels of claims inflation for the foreseeable future. Claims professionals who spoke with Canadian Underwriter said multiple market-dependent factors – including prolonged COVID-19 lockdowns in China, political instability, labour and materials shortages,

A Boeing 777 aircraft went off the taxiway in B.C. during a snowstorm
News B.C.ClaimsEnvironmental

Traffic mayhem, power outages, plane off taxiway as snow hits B.C. south coast

November 30, 2022 by The Canadian Press

VANCOUVER – The first major fall snowstorm to hit British Columbia’s south coast paralyzed traffic, cut power to thousands of homes and even affected Vancouver International Airport as a plane skidded off a taxiway. The snow and freezing temperatures turned

The abandoned Giant Mine in Yellowknife, NWT
News ClaimsCommercialEnvironmentalNWTProperty

Canada’s top five federal contaminated sites to cost billions to clean up 

November 29, 2022 by Emily Blake - THE CANADIAN PRESS 

YELLOWKNIFE – With a cost estimate of $4.38 billion, remediation of the Giant Mine, one of the most contaminated sites in Canada, is also expected to be the most expensive federal environmental cleanup in the country’s history.   The figure, recently

Oil and gas drilling rig
News AlbertaB.C.CommercialConstructionEnvironmentalInsurers

Oil and gas drilling sector expects activity to pick up in 2023

November 25, 2022 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – The organization representing Canada’s oil and gas drilling sector says it expects more activity in 2023, even as it continues to push the federal government for a new tax credit it says it needs to help the energy

Aerial view of harbour in Hamilton, Ont.
News ClaimsEmerging RisksEnvironmentalLiabilityOntario

Hamilton, Ont. mayor calls for investigation after sewer leak went undetected for 26 years

November 23, 2022 by The Canadian Press

Hamilton Mayor Andrea Horwath is calling for an investigation after city staff discovered a pipe has been dumping sewage into the local harbour undetected for 26 years. Horwath says she has asked the city auditor to be brought in after

Coastal flooding remains a concern for eastern Canada
News B.C.EnvironmentalP.E.I.

Climate Changed: Rising oceans, storm surges ‘disaster in slow motion’ for coasts

November 22, 2022 by Hina Alam - THE CANADIAN PRESS

Tides are rising, sands are shifting and coastlines are crumbling. As studies warn of rising seas and accelerated erosion resulting from climate change, coastal communities in Canada are wondering what the future holds. “Living on the coast is part of

sea coast houses bracing for a hurricane
News BrokersCatastrophesClaimsClaims ProfessionalsCommercialCommercial AutoConstructionEnvironmentalInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomePropertyQuebec

How hurricane losses will impact pricing and capacity

November 21, 2022 by Philip Porado

Watch for Hurricane Ian’s damage estimates of between US$50 billion and US$70 billion to made insurers more conservative about pricing and capacity, according to Aon’s global market insights for 2022 Q3. “As the full market impacts of Hurricane Ian materialize,”

An early winter storm delivered high amounts of snow across southern Ontario
News ClaimsEnvironmentalOntarioPersonal Home

Record-setting Ontario storm drops more than a metre of snow, strong winds  

November 21, 2022 by The Canadian Press

WIARTON, Ont. – Environment Canada is warning that some parts of southwestern Ontario battered by a record-setting weekend snowstorm could see strong winds this morning and into the afternoon.   More than a metre of snow has fallen on parts of