Keyword
climate
B.C.’s climate change plan aims for changes by 2030 for consumers, industry
October 26, 2021 The Canadian PressVICTORIA – British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven by 25 per cent compared with last year and boosting the…
Regulator expects more frequent volatility in financial sector
September 30, 2021 Ian Bickis - THE CANADIAN PRESSTORONTO – The head of Canada’s banking regulator warned Wednesday of the potential for increased volatility in the global financial system as risks, especially around climate change and digital finances, are on the rise. “My new responsibility requires that I…
Canada’s warming may hurt access to insurance: DBRS
September 24, 2021 James Langton - Investment ExecutiveAn increase in extreme weather events may threaten the availability of property insurance in Canada, warns DBRS Morningstar in a new report. The rating agency said that Canadian property and casualty (P&C) insurers have, so far, proven resilient in the…
Wildfire and flood disasters are causing ‘climate migration’ within Canada
September 22, 2021 The Canadian Press - THE CONVERSATIONThis 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. ___ Author: Yvonne Su, Assistant Professor in the Department of Equity…
New report sounds the ‘death knell for coal and fossil fuels’
August 9, 2021 Christopher Reynolds - THE CANADIAN PRESSOTTAWA – The secretary-general of the United Nations says a new report “must sound the death knell for coal and fossil fuels,” raising renewed questions about Canada’s climate plan and the long-term viability of its traditional energy sector. The UN…
IBC’s solution to ‘finger-pointing’ on who should fund climate resiliency
October 14, 2020 by Greg MeckbachWith weather catastrophes costing the industry billions, insurers are calling for a “whole of society” approach to mitigating climate risk. “Some of our insurer members have been on the vanguard of talking about climate change for many many years now.…
The tough question for insurers withdrawing coverage from coal
October 14, 2020 by Greg MeckbachThe industry’s concern over carbon emissions, and their impact on climate change, raises the question of whether nuclear energy is better for the environment. “One the one hand, nuclear [energy] is a source of carbon-free power generation. On the other…
Why Intact predicts sustained hard market in home insurance
June 5, 2020 by Greg MeckbachNatural disasters like the recent Fort McMurray flooding will likely continue driving home insurance rates up, suggests Intact Financial Corp. CEO Charles Brindamour. “Personal property is in a relatively hard market environment with mid to upper single digit rates increases.…
These risks call for better models
May 22, 2019 by Greg MeckbachCommercial clients need better tools to help risk managers predict their financial exposure to climate change and geopolitical factors, Canadian risk managers say. The risk from climate change “will be pervasive and have a massive impact and it’s something that…
How climate change affects Canada’s hurricane risk
March 21, 2019 Ryan P. Mulligan, Associate Professor in Civil Engineering, Queen's University - 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. When tropical cyclone Idai made landfall near Beira, Mozambique…
Risk to U.S. property from severe convective storms as high as from hurricanes: Willis Re
March 20, 2017 by Canadian UnderwriterSevere convective storms (SCS) posed as much risk to property in the United States as hurricanes between 2003 and 2015, with the average annual loss from SCS amounting to US$11.23 billion compared to US$11.28 billion from hurricanes. So concludes a…
Weather-Proofed
March 1, 2017 Angela Stelmakowich, EditorCommunity resilience looks to be taking a big step forward with the recent announcement that National Research Council Canada (NRCC) will take into account climate change as part of regular updates to the country’s building codes. The NRCC will conduct…