Canadian Underwriter

Topic Environmental

Industrial equipment at an LNG plant in Calgary
News AlbertaB.C.CommercialEmerging RisksEnvironmentalSupply Chain

A bridge to nowhere: Natural gas will not lead Canada to a sustainable energy future

September 14, 2022 by The Canadian Press

By Amy Janzwood, SSHRC Postdoctoral Fellow, Department of Political Science, University of British Columbia and Heather Millar, Assistant Professor, Department of Political Science, University of New Brunswick – THE CONVERSATION This article was originally published on The Conversation, an independent

Air conditioning unit in the backyard of a home
News Emerging RisksEnvironmental

Coalition on climate adaptation says Canada needs hard targets on disaster resilience

September 13, 2022 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – A broad coalition on climate adaptation and disaster resilience says air conditioning should become a human right on par with winter heating – one of a series of hard targets it says Canada needs to meet in the

Arrows pointing up symbolizing business growth
News CatastrophesClaimsCommercialEnvironmentalInsurersLoss TrendsManagementMergers and AqcuisitionsOperationsPersonal AutoPersonal Home

Post-demutualization: Definity’s plans for the future

September 13, 2022 by Jason Contant

Definity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers

Businessman Stop Domino Effect. Risk Management and Insurance Concept
News CatastrophesEmerging RisksEnvironmentalInsurersRisk Managers

Why your business should use integrated models of risk

September 13, 2022 by Alyssa DiSabatino

In the midst of geopolitical volatility, a changing climate, inflationary pressures, emerging energy products and more, the best thing risk committees can do is build integrated models of risk, says Janice Gross Stein, founding director of the University of Toronto’s

Wildfire smoke causing poor air quality in Vancouver
News B.C.ClaimsEnvironmental

Wildfire smoke continues to blanket parts of B.C., improves slightly over Vancouver

September 12, 2022 by The Canadian Press

Air quality has improved slightly over Metro Vancouver but remains at very unhealthy levels in several other regions as wildfire smoke blankets large sections of British Columbia. Environment Canada is maintaining air quality statements for areas from the Peace River

Smoke from forest fires in B.C.
News B.C.ClaimsEnvironmentalPersonal Home

Smoky skies expected across southern B.C. from provincial, U.S. wildfires

September 9, 2022 by The Canadian Press

VANCOUVER – Haze from wildfires burning in Washington state, Idaho and the British Columbia Interior is expected to create smoky skies across much of southern B.C. over the weekend. Environment Canada has posted air-quality statements for the Fraser Valley and

Big wave breaking on rocks following hurricane
News Environmental

2022 hurricane season: Does a quiet start mean a quiet end?

September 7, 2022 by Jason Contant

Despite predictions of an “above normal” hurricane season this year, it’s started off with a whimper. But that doesn’t necessarily mean it will stay that way, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). In

Close up of a firefighter holding and spraying firefighting foam out of an extinguisher
News B.C.ClaimsEmerging RisksEnvironmentalInsurersOntario

How insurers can trim their environmental remediation costs

September 6, 2022 by Alyssa DiSabatino

Insurers can trim their environmental remediation costs by shopping around for more than one site estimate, recommends Lori Festarini, environmental director at Charles Taylor. That may involve getting technical support or peer-reviewed cost estimates, she elaborates. “One way of managing

Forest fire with trees in silhouette and reflection in lake
News B.C.ClaimsEnvironmentalPersonal Home

Crews keep close watch on one B.C. wildfire, as another delays school in northeast

September 6, 2022 by The Canadian Press

Wildfire officials in British Columbia say they are working with BC Parks and the Transportation Ministry to prepare for the spread of a blaze that has charred 19 square kilometres of bush in a provincial park east of Vancouver. The

Oil pump at oil sands well head
News AlbertaBrokersCommercialEnvironmentalInsurers

3 ways brokers can help oil and gas companies maintain coverage

September 6, 2022 by Philip Porado

Brokers with clients in the oil and gas industry are closely watching statements by insurers announcing intentions to exit from coverage of Canada’s oil sands. Those insurers, like many other companies globally, are under intense pressure from consumers and governments

Hay bales float in flood waters amidst rows of corn in Nova Scotia's Colchester County.
News BrokersCatastrophesEnvironmentalInsurersLoss Trends

Swiss Re report shows trajectory of insured flood losses

September 2, 2022 by Alyssa DiSabatino

Insured flood losses doubled to $80 billion during 2011-20 compared to the previous decade, and global flood losses reached $20 billion alone in 2021, Swiss Re reports.  “Increased wealth, larger populations and urbanization have raised flood risk exposures across the

A damaged house in Uxbridge, Ont. following May 21 derecho
News CatastrophesClaimsEnvironmentalOntarioPersonal Home

Uxbridge renters priced out of town after May 21 derecho still displaced

September 1, 2022 by Holly McKenzie-Sutter - THE CANADIAN PRESS

UXBRIDGE, Ont. – Blue tarps colour the rooftops and wooden boards cover up shattered windows in Uxbridge, Ont., three months after a devastating tornado ripped through town northeast of Toronto. Mangled trees and torn-up houses surround one of the town’s