Canadian Underwriter

Keyword
extreme weather


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 Climate ChangeInsuranceMarkets / Coverages

Canadian farmers turn to specialized forecasting in face of rising extreme weather threat

August 15, 2017 Ian Bickis - THE CANADIAN PRESS

CALGARY – In an industry that lives and dies by the weather, farmers like Dwight Foster are looking for all the help they can get to know what’s coming. “We use every tool in the toolbox we can get our

News CatastrophesClimate ChangeConstructionLegislation / RegulationMergers and AqcuisitionsReinsurance

Maintaining wetlands could slash riverine flooding-related damage, local pilot project has national applicability: study

July 12, 2017 by Angela Stelmakowich

Just leaving current wetlands in their natural state could cause riverine flooding-related flood damage to plummet as much as 38% and should provide the impetus for communities to view natural infrastructure as a climate adaptation solution, notes a study from

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue

July 10, 2017 by Canadian Underwriter

As British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

U.S. senate committee holding field hearing on economic impacts of extreme weather and coastal flooding

April 10, 2017 by Canadian Underwriter

The U.S. Senate Committee on Commerce, Science & Transportation is holding a field hearing in West Palm Beach, Fl. to discuss the economic impacts of extreme weather and coastal flooding. Lead by Senator Bill Nelson (D-FL), the hearing, titled “Extreme

Feature Climate Change

Measuring Extremes

April 1, 2017 Caterina Lindman, Chair, Climate Index Working Group; and Doug Collins Chair, Climate Change Committee

An updated North American climate index shows an increase in the occurrence of extreme weather events in Canada. A number of Canadian regions are among those with the highest index values, indicating the largest deviations in extreme weather events and sea levels from historical values. How can this information help inform the risk management strategies of Canadian insurers and others?

News CatastrophesClimate ChangeConstructionInsuranceMergers and Aqcuisitions

Standards Council of Canada, Intact Centre on Climate Adaption to study flood resiliency for new residential communities

March 31, 2017 by Canadian Underwriter

The Standards Council of Canada (SCC) and the Intact Centre on Climate Adaptation (Intact Centre) at the University of Waterloo have announced that they are joining forces to develop a new report on best practices for making new residential communities

News CatastrophesInsuranceMarkets / Coverages

Federal disaster mitigation funding “a leap forward”: ICLR

March 23, 2017 Angela Stelmakowich

The federal budget’s commitment to create a $2 billion Disaster Mitigation and Adaptation Fund demonstrates Ottawa’s increasing support for disaster risk reduction, suggests Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). “For many years, the federal

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Most recent Canadian, U.S. actuarial index values reflect continued high frequencies of extreme weather events

March 7, 2017 by Canadian Underwriter

Organizations representing the actuarial profession in Canada and the United States have reported an Actuaries Climate Index (ACI) value for the summer of 2016 of 1.72, the third-highest seasonal level recorded. On Tuesday, the four organizations representing actuaries in the

Feature CatastrophesClimate Change

Weather-Proofed

March 1, 2017 Angela Stelmakowich, Editor

Community 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

News AssociationsClimate ChangeConstructionInsurance

IBC congratulates federal government on National Research Council decision to update Canada’s building codes

February 28, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is congratulating the federal government on the National Research Council Canada (NRC) decision to update the country’s building codes to reflect the realities of climate change. “This is something that Canada’s property and casualty

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Global warming’s fingerprints seen in 24 weird weather cases

December 16, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – A new scientific report finds man-made climate change played some role in two dozen extreme weather events last year but not in a few other weird weather instances around the world. An annual report released Thursday by the