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How commercial insurers are addressing this D&O coverage gap

September 21, 2018 by Greg Meckbach

If your corporate client goes under and occupies polluted land, what happens if individual directors are left on the hook to clean up environmental contamination? This is the subject of “long, complex discussions” that Aon Canada brokers are having with

News ClaimsInsurance

Chemical spills from 1960s cost property owner $2 million

July 11, 2018 by Greg Meckbach

An Ottawa drycleaner has to pay a neighbouring property owner nearly $2 million because of environmental contamination that happened more than 40 years ago. Eddy Huang, who owns properties on Bank Street north of the Billings Bridge, sued drycleaner Fraser

News CatastrophesInsuranceMergers and Aqcuisitions

Emergency broadcast station being considered in New Brunswick following January ice storm

August 21, 2017 by Canadian Underwriter

New Brunswick’s primary electrical utility in the province, NB Power, and the province’s Emergency Measures Organization (EMO) said on Friday that they considering creating a dedicated emergency broadcast station to provide essential information to people in the province in times of crisis. The consideration is one of 51 recommendations contained in a provincial review of the Atlantic Canada storm in the winter of 2017, released on Friday. From Jan. 24-26, an ice storm hit central and eastern New Brunswick, from Miscou Island to Sackville. The intense low-pressure system resulted in…

News CatastrophesInsuranceMarkets / Coverages

Alberta to conduct review of liabilities associated with old oil and gas facilities

May 12, 2017 by Canadian Underwriter

Alberta Energy has announced that it is conducting a review of old oil and gas wells and facilities and their associated liabilities. The province is working with industry and experts to find ways to better protect Albertans and the environment

News Climate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

TransCanada gets U.S. State Department’s OK for Keystone XL pipeline

March 24, 2017 The Canadian Press

CALGARY – TransCanada has been granted a presidential permit from the U.S. State Department that allows it to move forward on building the long-delayed Keystone XL pipeline, the latest turn in fortunes for the controversial project. In granting the permit,

News Climate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Canada’s energy, utilities sectors should beef up climate change competency: report

January 13, 2017 by Canadian Underwriter

Companies in Canada’s most carbon-intensive sectors are not demonstrating “climate competency” in the boardroom and should be doing so to address climate change issues, suggests a report this week by Shareholder Association for Research & Education (SHARE). “Investors are increasingly

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

Canada fourth largest cyber security hub in world, Ontario has potential to assume leading role

October 19, 2016 by Canadian Underwriter

More investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned

News Climate ChangeInsuranceMergers and Aqcuisitions

City of Vancouver launches judicial review of Kinder Morgan’s pipeline expansion

June 20, 2016 by Canadian Underwriter

The City of Vancouver has filed with the Federal Court of Appeal an application for a judicial review of the National Energy Board’s (NEB) decision to conditionally recommend Kinder Morgan’s pipeline expansion project, contending that it is both invalid and

News CatastrophesClimate ChangeInsurance

National model building code should account for anticipated climate change: Auditor General report

May 31, 2016 by Canadian Underwriter

Canada’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

News Climate ChangeInsuranceMergers and Aqcuisitions

Ontario Liberals won’t confirm published details of Climate Change Action Plan

May 17, 2016 Keith Leslie and Allison Jones - THE CANADIAN PRESS

TORONTO – 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

News Mergers and Aqcuisitions

Barry Penner named new chair of ICBC’s Board of Directors

March 23, 2016 by Canadian Underwriter

Barry Penner, QC brings his legal skills and considerable experience with the Government of British Columbia – including as the province’ longest-serving environment minister – to his new duties as chair of the Insurance Corporation of B.C.’s (ICBC) Board of