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News CatastrophesClimate ChangeInsuranceProfessional Development

“Clear and direct communication line” needed between insurers and Canadian Hurricane Centre: ICLR

August 24, 2017 by Canadian Underwriter

A “clear and direct communication line” should be established between the Canadian insurance industry and the Canadian Hurricane Centre (CHC), the Institute for Catastrophic Loss Reduction (ICLR) recommended in a research paper released on Thursday. The recommendation was one of

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario government increases maximum fines for individuals, corporations that start forest fires

July 11, 2017 by Canadian Underwriter

The government of Ontario has announced increased maximum fines for individuals and corporations for starting forest fires. If found responsible, individuals can now be fined up to $25,000 for starting a forest fire, Ontario’s Ministry of Natural Resources and Forestry

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue

July 10, 2017 by Canadian Underwriter

As British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Earth likely to see increase in frequency and intensity of storms, wildfires and flooding: AIR Worldwide

July 5, 2017 by Canadian Underwriter

The earth is likely to see an increase in the frequency and intensity of weather phenomena, including severe thunderstorms, wildfires, inland floods and coastal flood, according to projections from catastrophe risk modelling firm AIR Worldwide. The projections were contained in

News AppointmentsCatastrophesClimate ChangeInsurance

IBC congratulates City of Toronto on the creation of a chief resilience officer position

July 5, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is congratulating the City of Toronto “for its ongoing commitment to emergency preparedness” with the recent establishment of a chief resilience officer for the city. Last month, Tory announced that the position will be

News Climate ChangeInsuranceLegislation / RegulationMarkets / Coverages

N.B. Auditor General finds climate change action items lack implementation plans and timelines

June 20, 2017 by Canadian Underwriter

Greenhouse gas (GHG) emissions in New Brunswick are not projected to decline much further under the status quo, and meeting 2030 and 2050 targets will require “significant action” from provincial and federal initiatives, the Auditor General of New Brunswick said

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMarkets / Coverages

Alberta advisory group recommends penalties for heavy oilsands emitters if cap hit

June 19, 2017 Ian Bickis - THE CANADIAN PRESS

CALGARY – Oilsands producers could face steep fines and suspended projects if industry comes close to hitting a mandated 100-megatonne limit under recommendations proposed by Alberta’s Oil Sands Advisory Group. But the non-binding report sets out a series of policies

News Climate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Canadian defence plan calls for cyber and drone attacks to meet 21st century threats

June 8, 2017 Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada will add hundreds of new elite special forces commandos, wage offensive cyberwarfare attacks and deploy armed drones to international battlefields as part of its military response to new global security threats. The hotly anticipated new defence policy

News Climate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Climate change raises new risk: Are inland bridges too low?

June 6, 2017 Scott McFetridge - THE ASSOCIATED PRESS

DES MOINES, Iowa – A century-old train trestle stands as one of the trophies of Des Moines’ push to spruce up its downtown. Bicyclists and pedestrians pose for pictures beside the brightly painted beams of the Red Bridge and gather

News CatastrophesClimate ChangeConstructionInsuranceMergers and Aqcuisitions

Government of Alberta invests in debris dam to protect homes, businesses and infrastructure in Canmore

May 29, 2017 by Canadian Underwriter

The Government of Alberta announced on Friday that it is investing an additional $10.3 million to protect homes, businesses and infrastructure in Canmore. The money represents the final funding towards a $48.6-million debris dam at Cougar Creek and is part

News CatastrophesClimate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Rebuilding after disasters should stress safer, better, Goodale says

May 11, 2017 Jordan Press - THE CANADIAN PRESS

OTTAWA – As the devastating floodwaters recede in Ontario and Quebec, the key to preventing a similar disaster in future is to avoid making the mistakes that led to problems in the first place, says Public Safety Minister Ralph Goodale.