Keyword
climate change
How flood risk will change in Northern Canada
January 16, 2019 Bob Weber - THE CANADIAN PRESSThe impact of climate change on roads and other crucial structures in Canada’s North is likely to be even greater than feared, says new detailed research. “These are greater impacts than anything I’m aware of,” said John Pomeroy, head of…
What could drive reinsurers away from some markets
December 10, 2018 by Greg MeckbachReinsurance is extremely important but could get too expensive in certain areas, industry leaders said at a recent event. Some insurance companies today are “dialing up their reinsurance protection – property and cat risk in particular in the United States,”…
A new idea to cover basement flooding losses
October 26, 2018 by Greg MeckbachThe money needed to pay homeowners the cost of basement flooding could be raised by suing large oil firms, a politician suggested Thursday. “A lot of people are not going to be able to qualify for private insurance against flooding…
Tories call for ‘made-in-Ontario’ climate change adaptation plan
August 21, 2018 by Greg MeckbachOntario’s new government is promising to address property risk with a “new climate change plan,” but one of the first things it has done is table legislation scrapping a program that charges people for carbon emissions. “We know that the…
New risks arising from Canadian arctic shipping
July 17, 2018 by Greg MeckbachAs shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and…
Insuring the Intangibles
June 7, 2018 Adrian Hall, CEO; Corrinne Pollard, Head of Claims; and Sarah Kestle Head of Sales, Swiss Re Corporate Solutions Canada; and Xavier Tinguely, Senior Corporate Development Manager, Swiss Re Corporate Solutions, USAA shift in the global economy has changed the risks facing Canadian businesses. Companies are now calling for insurance solutions that protect their intangible assets.
2018 Outlook: Denis Dubois, President, COO, Desjardins General Insurance Group
December 29, 2017 Denis DuboisCanada’s property and casualty insurance industry will continue to evolve rapidly in 2018 in response to accelerating technology, changing customer expectations and climate change. Technology is a double-edged sword for insurers. Vehicles are safer than ever thanks to multiple sensors…
Climate change and its effect on insurance claims
December 15, 2017 Neville BussellThe wildfire insurance losses incurred in Fort McMurray, Alberta in 2016 are the costliest in Canadian history. The fire involved residential property, businesses, municipal property and landscape over an area of 590,000 hectares. The Insurance Bureau of Canada Costs estimated…
Hurricane recent events, history illustrate need to beef up preparedness: AGCS
October 27, 2017 by Angela StelmakowichThe preparedness of U.S. businesses is still wanting despite lessons learned from Hurricane Sandy and the high hurricane activity, devastation and losses so far this Atlantic hurricane season, suggests Allianz Global Corporate & Specialty (AGCS). “In light of lessons learned…
Integrating disaster risk, resilience into broader systems key to unlocking climate adaptation abilities
October 13, 2017 by Angela StelmakowichA 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…
Free online offering hopes to bolster catastrophe modelling understanding
September 5, 2017 by Canadian UnderwriterWhat has been described as the first free and neutral open online catastrophe modelling course was launched today to help those working in climate change and disaster loss mitigation, academia and insurance better understand the use of models in nat-Cat…
Government of Canada creates expert panel on climate change adaptation
August 29, 2017 by Canadian UnderwriterThe Government of Canada announced on Tuesday that it is creating an expert panel on adapting to climate change. Minister of Environment and Climate Change, Catherine McKenna, announced the launch of the Expert Panel on Climate Change Adaptation and Resilience Results in a statement from Environment and Climate Change Canada (ECCC). The expert panel will advise the federal government on measuring progress on adaptation and climate resilience to better understand how federal, provincial and territorial adaptation efforts are building Canada’s resilience to climate change, for…