Keyword
Commercial Risk Management
South Carolina governor declares state of emergency after record rainfall
October 6, 2015 by Canadian UnderwriterSouth Carolina Governor Nikki Haley has declared a state of emergency for the state, as flash flood warnings were issued for Berkeley, Charleston and Dorchester in anticipation of rainfall between 10 and 15 inches. Much more rain than that already…
Greenhouse gas methane from Canadian oil and gas sector can be reduced by nearly half using existing technologies, new research finds
October 5, 2015 by Canadian UnderwriterEmissions of the potent greenhouse gas methane from the Canadian oil and gas sector can be reduced by 45% below projected 2020 levels, all while using existing technologies, said a new study released on Monday by energy industry research firm…
Risk of serious cyberattack on nuclear infrastructure growing, independent policy institute finds
October 5, 2015 by Canadian UnderwriterThe risk of a serious cyberattack on global civil nuclear infrastructure is growing, as facilities become ever more reliant on digital systems and make increasing use of commercial ‘off-the-shelf’ software, according to a new report from Chatham House, a London,…
South Carolina flood: Swamped streets, hundreds of rescues, more door to door searches next
October 5, 2015 Seanna Adcox and Jeffrey Collins - THE ASSOCIATED PRESSCOLUMBIA, S.C. – Days of torrential rains kept much of South Carolina and its capital gripped by floodwaters early Monday as emergency workers promised renewed door-to-door searches for anyone still trapped after a weekend deluge and hundreds of rescues. At…
SGI certified eDocs for commercial lines
October 5, 2015 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) has obtained eDocs certification for commercial lines, the Centre for Study of Insurance Operations (CSIO) announced. EDocs is intended to help brokers save time by letting them download policy documents directly from carriers’ computer systems to…
The Co-operators acquires Ontario brokerage Browning Insurance Ltd.
October 5, 2015 by Canadian UnderwriterCo-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased Browning Insurance Ltd., based in Chatham, Ont. Details of the purchase were not immediately disclosed. Brokerage Browning Insurance’s portfolio includes personal and commercial insurance policies as well…
Institute for Catastrophic Loss Reduction stresses importance of establishing a science foundation for action at Science and Technology for Society forum in Japan
October 5, 2015 by Canadian UnderwriterDr. Gordon McBean, the Institute for Catastrophic Loss Reduction’s (ICLR) director of policy, is stressing the importance of establishing a “science foundation for action” that addresses both energy and environmental issues. Dr. McBean participated yesterday in the opening panel discussion…
Reinsurance industry should brace for more challenges: A.M. Best
October 5, 2015 by Canadian UnderwriterContinued benign loss environment and strong performance by select publicly traded reinsurers in the first half of 2015 resulted in a healthy increase in average share price, but those positives seem to be giving way to challenges afoot in the…
Insurers, other professionals need to work together to tackle climate change, says Environment Canada’s senior climatologist
October 4, 2015 Jason Contant, Online EditorRefusing to insure substandard properties and advising clients on climate change are just two of the things insurers can do to help the industry better understand the issue, Environment Canada’s senior climatologist said on Friday at the National Insurance Conference…
Oil industry touts technology investment in submission to Alberta climate panel
October 3, 2015 Lauren Krugel - THE CANADIAN PRESSCALGARY – The oil and gas industry wants investment in emissions-busting technology to play a big role in Alberta’s climate change strategy. The Canadian Association of Petroleum Producers has made its submission to the five-member panel working on a broad…
Washouts, damage to homes reported in New Brunswick after major downpour
October 2, 2015 The Canadian PressFREDRICTON, N.B. – Heavy rainfall that dumped more than 160 millimetres on parts of New Brunswick is being blamed for widespread property damage and the death of one man. The province’s Emergency Measures Organization says the downpour Wednesday and early…
Smaller cyber breaches also of concern: NICC speakers
October 2, 2015 Jason Contant, Online EditorWhile large-profile cyber breaches tend to dominate the news headlines, sometimes it’s the smaller ones that are being overlooked, panellists suggested on Thursday at the National Insurance Conference of Canada in Montreal. Although people tend to look at the large,…