Keyword
climate change
Change in exposure driving widening gap between insured, economic losses following disaster events
September 14, 2016 by Angela StelmakowichCALGARY – A dramatic loss scenario around disaster events is developing globally, contributing to a widening gap between insured and economic losses, Alex Kaplan, senior vice president of global partnerships for Swiss Re, suggested earlier this week during the RIMS…
Climate change increased chances of record rains in Louisiana by at least 40%: NOAA and partners
September 7, 2016 by Canadian UnderwriterHuman-caused climate warming increased the chances of the torrential rains that unleashed record flooding in southern Louisiana in mid-August by at least 40%, according to a team of National Oceanic and Atmospheric Administration (NOAA) and partner scientists with World Weather…
Climate change may undermine soundness of insurers’ current cat models: Global Risk Institute study
July 14, 2016 by Canadian UnderwriterClimate change may undermine the soundness of insurers’ current catastrophe models, as well as diminish the effectiveness of existing portfolio diversification and risk transfer practices, suggested a recent report from the Toronto-based Global Risk Institute (GRI). “On the bright side,…
XL Catlin sponsors deep ocean survey to better understand climate change impacts
July 6, 2016 by Canadian UnderwriterXL Catlin will sponsor a new scientific survey to research the deep ocean, information from which will hopefully shed light on the potential impact of climate change and the risks that businesses, society and ecosystems will face in future. The…
Ontario will spend up to $8.3 billion to fight climate change, offer incentives
June 7, 2016 Keith Leslie - THE CANADIAN PRESSTORONTO – Ontario’s action plan on climate change will include financial incentives to get cleaner, more efficient cars and trucks on the roads and to convince homeowners and businesses to lower their carbon footprints, The Canadian Press has learned. The…
National model building code should account for anticipated climate change: Auditor General report
May 31, 2016 by Canadian UnderwriterCanada’s federal environment and climate change department “should work with partners” to figure out how to produce data used to measure intensity, duration and frequency of storms, and the National Research Council should “incorporate climate change trends” when developing structural…
Ontario to spend $100 million to introduce renewable natural gas to energy mix
May 26, 2016 The Canadian PressTORONTO – Ontario plans to spend up to $100 million over four years to support the introduction of so-called renewable natural gas to help battle climate change. Methane released from landfills, residential green bins, manure, sewage treatment plants and waste…
Alberta’s Notley rebuts allegations that rules on carbon tax arbitrary, invasive
May 25, 2016 Dean Bennett - THE CANADIAN PRESSEDMONTON – Premier Rachel Notley is dismissing opposition accusations that her NDP government’s carbon tax bill contains invasive and arbitrary rules on search and seizure. Notley told the house Wednesday that Bill 20 contains rules surrounding search warrants that are…
B.C. premier says climate change is sparking need for national forest fire plan
May 19, 2016 Bruce Cheadle - THE CANADIAN PRESSOTTAWA – Climate change is leading to more wildfires and the country needs a national forest firefighting strategy, says B.C. Premier Christy Clark. While the country has been transfixed by the raging fires around Fort McMurray in northern Alberta, British…
Ontario Liberals won’t confirm published details of Climate Change Action Plan
May 17, 2016 Keith Leslie and Allison Jones - THE CANADIAN PRESSTORONTO – Ontario’s environment minister insists the province won’t eliminate natural gas for home heating as part of a soon-to-be-released plan to fight climate change. Glen Murray refused to confirm or deny a Globe and Mail report saying the province…
Alberta, TransAlta reach agreement to protect Calgary and other Bow River communities from flood and drought
April 28, 2016 by Canadian UnderwriterThe province of Alberta has entered into a five-year agreement with power generation and wholesale marketing company TransAlta that will provide flood protection to Calgary, reduce the impacts of drought and help communities adapt to a changing climate. The five-year…
As PM signs UN climate treaty, now comes the hard part: respecting it
April 22, 2016 Alexander Panetta - THE CANADIAN PRESSUNITED NATIONS, N.Y. – Prime Minister Justin Trudeau joined world leaders Friday to help formally ratify a global treaty on climate change. Putting his signature to the Paris accord was the easy part. The hard part comes next: reducing Canada’s…