Keyword
British Columbia
Forecast thunderstorms add to flooding concerns across southern B.C.
May 31, 2017 The Canadian PressVANCOUVER – Residents in several areas of British Columbia are bracing for severe thunderstorms as another round of wicked weather bears down on flood-weary regions. Environment Canada has issued severe thunderstorm watches for areas including the Shuswap and Okanagan east…
Two wildfires break out in British Columbia
May 24, 2017 THE CANADIAN PRESSVERNON, B.C. – The BC Wildfire Service is responding to two separate blazes that broke out on Tuesday, including one that has prompted an evacuation alert. A fire in the north Okanagan, northwest of Lumby, was fanned by high winds…
High winds add to flooding fears as storm approaches southern B.C.
May 23, 2017 The Canadian PressVANCOUVER – Flood-weary regions of British Columbia’s southern Interior are bracing for another battering, this time from high winds. Environment Canada has issued special weather statements for parts of Vancouver Island, Metro Vancouver and most of the southern Interior, including…
Environment and Climate Change Canada releases technical paper on proposed federal carbon pricing options
May 19, 2017 by Canadian UnderwriterEnvironment and Climate Change Canada (ECCC) has released a technical paper outlining a proposed federal carbon pricing option for provinces that choose not to have their own system in place in 2018. A backgrounder from ECCC referenced the Pan-Canadian approach…
Safety management systems should be mandatory for all tug and barge operators: Transportation Safety Board of Canada
May 15, 2017 by Greg MeckbachThe federal transport department does not have an adequate inspection program for tug barge operations even though such operations can be riskier than conventional cargo-carrying vessels, the Transportation Safety Board of Canada suggested in a recent report. “Tug and barge…
Federal government introduces proposed Oil Tanker Moratorium Act for ports or marine installations in northern B.C.
May 12, 2017 by Canadian UnderwriterThe federal government has introduced a bill that would prohibit oil tankers carrying more than 12,500 metric tonnes of crude oil or “persistent oils” from stopping, loading or unloading any of these oils at ports or marine installations in northern…
Flooding expected to be ‘unlike anything ever seen,’ warns Kelowna mayor
May 12, 2017 The Canadian PressVANCOUVER – British Columbia’s Okanagan region is bracing for a storm that Kelowna’s mayor worries could unleash the worst flooding the region has ever seen. Mayor Colin Basran posted a Facebook statement describing expected water levels as “unlike anything we…
Cyber security a ‘key aspect’ of risk management for medical professional liability insurers: A.M. Best
May 11, 2017 by Canadian UnderwriterMedical professional liability insurers who retain cyber risk need to limit their exposure “through strong policy language,” A.M. Best Company Inc. warned in a report released Wednesday. The ability to “identify emerging risks in areas such as cyber security,” is,…
Too early to confirm costs from flooding in B.C., Ontario, Quebec and Maritimes: Aon
May 11, 2017 by Canadian UnderwriterPersistent recent heavy rainfall falling across several Canadian provinces has led to increasingly rising rivers, streams and lakes this week, as communities “raced to protect from water inundation,” Impact Forecasting said on Thursday in an Aon cat alert. Financial losses…
Economical Insurance posts net income of $5.3 million in 2017 Q1, down from $28.5 million in prior-year quarter
May 8, 2017 by Canadian UnderwriterAuto lines, catastrophe and weather-related losses served as a drag on underwriting results which, in turn, contributed to Economical Insurance posting net income of $5.3 million in 2017 Q1 compared to $28.5 million in 2016 Q1. “Higher investment income was…
‘No active deals on the table’ to sell minority interest in SGI Canada
May 7, 2017 by Canadian UnderwriterSaskatchewan has a new law allowing for the sale of up to 49% of crown corporations, but the provincial government will continue to have a monopoly on compulsory auto insurance, a spokesperson for Saskatchewan Government Insurance told Canadian Underwriter Friday.…
New FireSmart Home Development Guide targets Canadian wildfire resiliency
May 5, 2017 by Canadian UnderwriterFireSmart Canada, in partnership with The Co-operators, has developed a new resource to help Canadian residents make their homes more resilient to wildfire. The FireSmart Home Development Guide, which will become part of the FireSmart Home Partners Program, outlines specific…