Canadian Underwriter

Keyword
climate adaptation

Aerial view of Bayview Avenue and Rosedale in autumn in Toronto
News Climate ChangeInsurance

Proactive climate adaptation can cut Ontario public infrastructure costs: watchdog  

November 23, 2023 Jordan Omstead - THE CANADIAN PRESS

TORONTO – The dangers of a changing climate could add more than $4 billion per year to the cost of maintaining Ontario’s public infrastructure over the rest of the century, the province’s financial watchdog said Wednesday.   But the report from

Eco-friendly building in a modern city
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Private investment needed to ramp up climate adaptation in infrastructure: report

May 16, 2023 The Canadian Press

A new report by the Canadian Climate Institute says private capital is needed to invest in climate adaptation infrastructure as extreme weather events like fires and floods become more acute by the year. The report co-authored by insurance firm The

People stranded by high water due to flooding in B.C.
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Federal disaster aid program being overhauled to include climate adaptation

February 27, 2023 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada’s overworked disaster assistance program is being overhauled so that future projects would only be eligible for aid if they take into account the need to adapt to climate change. Emergency Preparedness Minister Bill Blair, who was in

Ottawa, Canada - May 25, 2022: A row of power line poles that snapped on Merivale Road, a busy street in the west end of Ottawa. A severe storm known as a derecho passed through the area causing a lot of damage and power outages May 21.
News Insurance

What the derecho in May cost P&C insurers

June 16, 2022 by David Gambrill

Central Canada’s derecho in May caused more than $875 million in insured damage, making it the sixth-largest natural catastrophe loss in Canadian history. “Damage in Ontario is estimated to be over $720 million, while the storm caused an estimated $155

News Insurance

Integrating disaster risk, resilience into broader systems key to unlocking climate adaptation abilities

October 13, 2017 by Angela Stelmakowich

A systemic disconnect between material natural disaster risk, asset valuation and infrastructure investment demands that disaster risk and resilience be integrated into broader financial, accounting and reporting systems, David Greenall, senior director of sustainable business solutions for PwC Canada, told

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.

News CatastrophesClimate ChangeConstructionInsuranceMergers and Aqcuisitions

Standards Council of Canada, Intact Centre on Climate Adaption to study flood resiliency for new residential communities

March 31, 2017 by Canadian Underwriter

The Standards Council of Canada (SCC) and the Intact Centre on Climate Adaptation (Intact Centre) at the University of Waterloo have announced that they are joining forces to develop a new report on best practices for making new residential communities