Canadian Underwriter

Topic Environmental

Tanker carrying liquified natural gas from Canada
News AlbertaB.C.CommercialEmerging RisksEnvironmentalInsurersNewfoundland & LabradorNova Scotia

Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?

August 26, 2022 by Philip Porado

Canadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need

Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. on Tuesday June 18, 2019. A coalition of 32 environmental and Indigenous groups is calling on 27 insurance companies to drop or refuse to provide coverage of the Trans Mountain pipeline, although they concede its lead liability insurer is planning to continue coverage. THE CANADIAN PRESS/Jason Franson
News B.C.EnvironmentalInsurersOntario

Grassroots orgs demand insurers withdraw coverage for Trans Mountain Pipeline

August 26, 2022 by Alyssa DiSabatino

Liberty Mutual Insurance is among a list of insurers being asked by grassroots and Indigenous organizations to withdraw insurance support for the Trans Mountain Pipeline, which carries crude and refined oil from Alberta to British Columbia.  A petition with more

News EnvironmentalLoss Trends

Canada is witnessing more thunderstorms than ever before

August 23, 2022 by Gregory Kopp, David Sills and Julian Brimelow

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Residents in eastern Ontario are still recovering after a tornado-producing thunderstorm

News BrokersEnvironmentalTechnology

Ontario cheers U.S. bill proposing EV tax credits, but still no local incentives

August 22, 2022 by Holly McKenzie-Sutter THE CANADIAN PRESS

Plans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for Ontario’s auto sector, but the province isn’t planning any buyer incentives for local drivers. Ontario’s economic development minister, Vic

Wildfire smoke
News B.C.CatastrophesEnvironmental

All evacuation orders rescinded for Keremeos Creek wildfire near Penticton, B.C.

August 22, 2022 by The Canadian Press

Local authorities in British Columbia’s Okanagan region say all evacuation orders around the so-called Keremeos Creek wildfire near Penticton have been rescinded. Erick Thompson, an information officer for the Regional District of Okanagan-Similkameen, says this means residents from the last

Smoke and fire burns through a dense evergreen forest
News AlbertaB.C.Emerging RisksEnvironmentalInsurersNWTSaskatchewan

Why B.C’s heat dome puts the industry on alert for wildfires

August 18, 2022 by Alyssa DiSabatino

A heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will

Killer whale and vessel off Eagle Point, San Juan Island, WA.
News B.C.ClaimsEnvironmentalLiability

Boat sinks with 10,000 litres of fuel near Canada-U.S. marine border

August 17, 2022 by The Canadian Press

VICTORIA – A fishing boat that sank with nearly 10,000 litres of fuel on board near the Canada-U.S. marine border went down in one of the worst possible places for endangered orcas, an ocean pollutants expert says. Peter Ross, a

Multiple lightning strikes over a wildfire
News B.C.ClaimsEnvironmental

BC Wildfire Service predicts stable forecast following persistent lightning strikes

August 16, 2022 by The Canadian Press

VANCOUVER – A spokesperson for the BC Wildfire Service says 80 per cent of the 212 new fires sparked across the province since Wednesday were caused by lightning. Briana Hill says the service was well prepared and 69 per cent

Smoke from a forest fire
News ClaimsEnvironmentalNewfoundland & Labrador

Newfoundland wildfires could be sign of what climate change has in store for province

August 15, 2022 by The Canadian Press

ST. JOHN’S, N.L. – A climatologist says the wildfires that have been burning for more than two weeks in central Newfoundland could be a sign of what’s to come as the province feels the impacts of climate change. Joel Finnis,

A forest fire burning in B.C.'s Okanagan Valley
News B.C.ClaimsEnvironmentalPersonal Home

Drones tackle Okanagan blaze as cool weather helps bring B.C. wildfires under control

August 11, 2022 by Jason Contant

PENTICTON – Drones are helping map hot spots in a wildfire burning in British Columbia’s Okanagan region as cooler conditions helped firefighters elsewhere in the province bring blazes under control. Crews were making progress on several wildfires Wednesday, including a

Heavy rain clouds on the Prairies
News AdjustersAlbertaCatastrophesClaimsEnvironmentalPersonal AutoPersonal Home

Recent Alberta storms: Two Cat tornadoes and record-breaking hail

August 8, 2022 by Jason Contant

Two tornadoes in southern Alberta that damaged homes and vehicles in July have been declared catastrophes by Catastrophe Indices and Quantification Inc. (CatIQ), Insurance Bureau of Canada (IBC) confirmed to Canadian Underwriter Monday. The July 7 tornado near Bergen and

A power utility truck in Halifax following Hurricane Dorian
News CatastrophesClaimsEnvironmental

How will this year’s hurricane season play out?

August 5, 2022 by Jason Contant

Hurricane researchers have slightly reduced their forecast totals for this year’s hurricane season, but still anticipate above-normal activity for the seventh consecutive season. The National Oceanic and Atmospheric Administration (NOAA) in the United States trimmed their Atlantic hurricane predictions to