Keyword
climate change
Aviva CEO sides with science against fruitless conjecture around climate risk
November 27, 2020 by Adam MalikAviva Canada CEO Jason Storah has no time for arguing about the validity of climate change and the threats facing the planet that are affecting the insurance industry. Instead of debates about climate change based on speculation and conjecture, he’d…
Bank of Canada and OSFI team up for pilot project on climate change risk
November 18, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech…
Moving through the pandemic: Intact exec to offer his view of what’s next
October 29, 2020 by Adam MalikDelivering value for customers and digital strategy will be two headliners in Intact’s “10-year strategic roadmap,” which will integrate some learnings from the crisis, the carrier told Canadian Underwriter recently. “We anticipate that consumers will engage digitally to a greater…
Extreme precipitation events have always occurred, but are they changing?
September 8, 2020 Francis Zwiers, Director, Pacific Climate Impacts Consortium, University of Victoria and Ronald Stewart, Professor, Environment and Geography, University of Manitoba - THE CANADIAN PRESSThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Extreme weather and climate events causing extensive damage are a…
Climate change creating vast new glacial lakes, future flooding risk: research
August 31, 2020 The Canadian PressCALGARY – Meltwater from shrinking glaciers is creating vast lakes that could eventually pose an enormous flooding threat, says newly published research. “Unsurprisingly, we found those lakes are growing,” said Dan Shugar, a geographer at the University of Calgary. “What…
Rapid-intensity Hurricane Laura ultimately headed for Newfoundland
August 26, 2020 by David GambrillThe path of Hurricane Laura — which is currently located off the U.S. Gulf Coast and described as one of the fastest-intensifying storms in history — is tracking to hit St. John’s, Nfld., next Monday as a post-tropical storm, according…
Study: World carbon pollution falls 17% during pandemic peak
May 19, 2020 Seth Borenstein - THE ASSOCIATED PRESSKENSINGTON, Md. – The world cut its daily carbon dioxide emissions by 17% at the peak of the pandemic shutdown last month, a new study found. But with life and heat-trapping gas levels inching back toward normal, the brief pollution…
Considering your climate risks? The solvency regulator is, too…
March 3, 2020 by David GambrillClimate change risk is very much on the radar of Canada’s solvency regulator. In a mid-February speech to the 17th Annual Review of Insolvency Law (ARIL) Conference in Vancouver, B.C., Jeremy Rudin, Canada’s superintendent of financial institutions, outlined three climate-related…
Why insurers aren’t getting much traction with Canadian businesses on climate change
February 13, 2020 by Adam MalikCanadian industries have a silo-ed approach to preparing for climate change, which is working against the Canadian P&C insurance industry’s desire to address climate change loss exposures and manage catastrophes, a pair of experts told a recent conference. For example,…
Why P&C will need to lead the charge on climate change action
February 12, 2020 by Adam MalikIf recommendations from a report released last year on sustainable finance are going to succeed, the property and casualty insurance industry is going to play a key role in making it happen, said one expert. There is a lack of…
How climate change may heat up your liability lines
February 7, 2020 by David GambrillLook for climate change to heat up Canada’s liability lines over the next 10 years, as lawsuits begin to fly against the alleged corporate perpetrators of greenhouse gas emissions. Climate liability is an emerging risk for Canadian property and casualty…
This is how much severe weather claims could cost in 10 years
February 3, 2020 by Jason ContantLarge losses will become larger, and the average annual severe weather claims paid by insurers in Canada could more than double over the next 10 years, according to a new report from the Insurance Institute of Canada. Since 2013, severe…