Canadian Underwriter

Topic Environmental

News Emerging RisksEnvironmentalInsurersPersonal Auto

Feds says all new cars, light-duty trucks will be zero-emission vehicles by 2035

June 29, 2021 by Stephanie Taylor - THE CANADIAN PRESS

OTTAWA – The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric. Transport Minister Omar Alghabra announced Tuesday that by 2035 all new cars and light-duty trucks

News ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksEnvironmentalInsurersLegalLiabilityOntarioRisk Managers

Why liability insurance did not cover the defence of a remediation order

June 18, 2021 by Greg Meckbach

An eastern Ontario municipality does not have coverage with any of its four former liability insurers for a dispute with the provincial environment ministry over alleged pollution occurring more than six decades ago. That’s because the insurance policies in question

Tailings pond dam breaks spilling content into river
News B.C.ClaimsCommercialEnvironmentalLiabilityProperty

Updated tailings code after Mount Polley disaster an improvement: B.C. mines auditor

June 18, 2021 by The Canadian Press

VICTORIA – A new report says changes to British Columbia’s requirements for tailings storage after the Mount Polley disaster have generally improved the management of mining waste. The mines chief auditor found many of the revisions made in 2016 to

News AlbertaB.C.BrokersCommercialEnvironmental

How much property coverage capacity Canada’s oil sands has lost

June 15, 2021 by Greg Meckbach

The withdrawal of “hundreds of millions” of capacity for property risks related to Canada’s oil sands is creating a new challenge for brokers trying to place insurance for oil and gas clients, a broker executive reports. Some insurers have taken

News CatastrophesClaimsEducationEmerging RisksEnvironmentalInsurersPersonal HomeSupply Chain

How to be really customer-centric: Lessons from the global insurance market

June 11, 2021 by Jason Contant

Canada’s property and casualty insurance industry should look towards the global insurance market for some insights about how to increase take-up rates, particularly among marginalized and low-income people, speakers said Thursday at the CatIQ Connect virtual conference. In the global

News AlbertaCommercialEnvironmentalLiability

Auditor scolds Alberta over mine cleanup fund, how province handles polluted sites

June 11, 2021 by Bob Weber - THE CANADIAN PRESS

EDMONTON – Alberta’s auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program that’s supposed to guarantee coal and oilsands mines clean up after themselves. Doug Wylie says there’s so much

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEnvironmentalLegalLoss ControlNova ScotiaPropertyRisk Managers

In pollution claim, ‘sudden’ could mean several months, court finds

June 8, 2021 by Greg Meckbach

Insurance coverage for a “sudden and accidental” release of diesel fuel can include a discharge that continued over several months, the Nova Scotia Court of Appeal has ruled in a commercial coverage dispute. As a result of Zurich Insurance Company

News CommercialEnvironmentalInsurers

Insurance provider for Trans Mountain pipeline says it won’t renew policy

June 3, 2021 by The Canadian Press

CALGARY – An insurance provider for the Trans Mountain pipeline said it will not renew its policy with the company when it expires in August. Argo Group International Holdings Ltd., an international underwriter based in Bermuda, said the project no

News Emerging RisksEnvironmentalInsurers

How P&C insurers are using their muscle to reduce carbon

June 2, 2021 by David Gambrill

Global P&C insurers are not only setting ambitious carbon reduction targets for themselves, but they are also using their investment clout to restrict cover for high polluters in the oil and gas sectors, a commentary released by DBRS Morningstar Wednesday

News BrokersClaimsCommercialEnvironmentalInsurersPersonal Home

Are your condo clients covered for ‘special assessment’ costs?

June 2, 2021 by David Gambrill

In an age when a condo corporation’s insurance may not provide enough coverage for an insured loss, brokers can help their clients by advising condo unit owners about the merits of special assessment insurance, one lawyer suggests. “It is important

News CommercialEmerging RisksEnvironmentalInsurersLoss TrendsTrending

Pressure from investors isn’t the only reason insurers are exiting from fossil fuels

June 1, 2021 by Jason Contant

Many insurers and reinsurers are considering or actively transitioning away from insuring fossil fuel companies as pressure mounts from investors and clients over environmental, social and governance (ESG) practices. “But pressure from end investors isn’t the whole story,” Tom Johansmeyer,

News AlbertaEnvironmentalLiability

Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator

May 31, 2021 by Bob Weber - THE CANADIAN PRESS

EDMONTON – There’s lots of life in Alberta’s conventional oil industry and plenty of resources and political will to clean up the mess it leaves behind, says the head of the province’s energy regulator. “Will there be halcyon-days growth in