Canadian Underwriter

Water Contamination

News Catastrophes

Dams collapse from floods in Yemen, at least 16 dead

April 15, 2016 Ahmed Al-Haj - THE ASSOCIATED PRESS

SANAA, Yemen — Heavy rainfall in several parts of Yemen has caused widespread flooding that killed at least 16 people and caused the collapse of small dams, including two in Hajja and Omran provinces north of the capital, Sanaa, security officials

News CatastrophesInsurance

Efforts continue Sunday to put out fire from derailed train hauling crude oil in northern Ontario

March 8, 2015 Adam Miller - The Canadian Press (with files from The Canadian Press)

GOGAMA, Ont. – Crews are continuing their efforts today to put out a fire caused when a CN Rail train hauling crude oil derailed in northern Ontario. Ontario Provincial Police say the derailment occurred at about 2:45 a.m. on Saturday about

News Climate ChangeInsuranceLegal

Proposed Vancouver bylaw would require companies shipping oil by tanker to carry enough marine insurance to pay for spill

May 1, 2012 by Canadian Underwriter

Vancouver city council is considering a bylaw proposal put forward by Mayor Gregor Robertson to have companies that ship oil by tanker to carry enough marine insurance to cover costs should a spill occur. If passed, the bylaw would require

Michael Teitelbaum
Feature Mergers and Aqcuisitions

Pushing the Limits

May 1, 2012 Michael Teitelbaum and William West, Hughes Amys LLP

An Ontario court considers if an insurer has a duty to a third party to finish an environmental clean-up despite the fact that policy limits have been exhausted.

News Climate ChangeInsuranceLegal

Fracking a lesser-known, but significant environmental insurance risk: WillisWire

January 24, 2012 by Canadian Underwriter

Fracking, a hydraulic process used to extract gas from shale formations, is one of several, lesser-known energy risks facing the environmental insurance industry in 2012, according to bloggers writing for WillisWire.“There is much debate and concern surrounding fracking due to

News Insurance

Newfoundland oil spill could have larger impact on wildlife than larger Gulf spill

January 26, 2011 by Canadian Underwriter

An oil spill off the coast of Newfoundland has the potential to have a far greater impact on the wildlife in the area than a larger spill in the Gulf of Mexico, Gail Fraser, associate professor at York University, told

News Insurance

Oil spill likely won’t affect ratings, capital positions: S&P’s

May 25, 2010 by Canadian Underwriter

Losses resulting from the Gulf oil spill will likely be contained within 2010 Q2 results and not affect ratings, suggests Standard & Poor’s (S&P’s).In its report, Despite Significant Environmental Damage, The Gulf Oil Spill Losses to Re/Insurers are Expected to

News Insurance

Cleanup costs vary widely for hydrocarbon spills (500-litre spill could cost between $3,000 and $200,000)

May 7, 2010 by Canadian Underwriter

The typical cost of cleaning up a 500-litre hydrocarbon spill can range from $3,000 to $200,000, depending on a number of different factors, with the average running about $120,000, according to Mark Samis, vice president of operations with Environmental Remediation

News Climate ChangeInsurance

Second Catlin Arctic Survey underway

March 18, 2010 by Canadian Underwriter

After nine months of planning, two teams have set off on the Catlin Arctic Survey 2010. Both the Explorer Team and the first of the Ice Base personnel left Resolute, Nunavut on a flight out to the floating ice sea