A new report by the Canadian Climate Institute says private capital is needed to invest in climate adaptation infrastructure as extreme weather events like fires and floods become more acute by the year. The report co-authored by insurance firm The…
Hurricane Fiona is the costliest extreme weather event ever recorded in Atlantic Canada, at $660 million in insured damage, according to preliminary estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The long-lived and powerful storm on Sept. 24 is also…
This 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. Authors: Cedric Chavanne, Professeur en oceanographie physique, Universite du Quebec a…
VANCOUVER – British Columbia endured sizzling summer heat and bone-numbing cold to end 2021 and the province’s electrical utility says the result was a record-breaking, year-round demand for power, launching a trend that’s not expected to end soon. In a…
When attempting to sum up the industry’s business environment during the pandemic, the word ‘extreme’ comes to mind
This 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. Authors: Brett Dolter, Assistant Professor, Economics, University of Regina; Blake Shaffer,…
It was another year of record-breaking disasters and crazy, dangerous weather from coast to coast, says Environment Canada’s senior climatologist. A vicious hailstorm in Calgary wrote off more cars than Albertans normally buy in an entire year. Heat in Ontario…
This 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…
If your client is in the food production or distribution field, you might want to consider the impact of extreme weather. “Restaurants do not prioritize purchasing backup generators, or flood or business interruption insurance,” a report presented last week to…
Alberta has experienced a disproportionate share of the extreme weather catastrophes in Canada over the past decade, causing insurers to question whether the province is a viable place to do business. The question was raised Friday at the C4 conference…
Wetlands are increasingly seen as an unexpected gift — one with the potential to keep on giving — in Canada’s continuing efforts to reduce costs from urban and rural flooding. The only proviso is that stakeholders, including municipal governments, need to support protective approaches that allow these valuable areas to remain as is.
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…