Canadian Underwriter

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infrastructure

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How NFP’s updating construction and infrastructure operations

September 7, 2023 Philip Porado

Property and casualty broker NFP announced it will integrate its surety practice into its Construction & Infrastructure (C&I) group, which supports companies in the construction space. These changes impact operations worldwide, including Canada, NFP said. “Surety plays a vital role

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News Claims CanadaEngineeringInsuranceRisk

Fight for funding to protect land link between N.S. and N.B. goes to court

July 21, 2023 The Canadian Press

HALIFAX – The Nova Scotia government is asking the province’s Court of Appeal to determine who has jurisdiction over the works that protect a vital link between the province and New Brunswick. In a court document filed Wednesday, lawyers for

A lake in the shape of the world's continents in the middle of untouched nature.
News CatastrophesClimate ChangeInsuranceRisk

How the P&C industry responded to Canada’s National Adaptation Strategy

November 24, 2022 by David Gambrill

Canada announced today a total of $1.6 billion in new federal funding to help communities adapt to climate change by building infrastructure more resilient to natural disasters. The investment is part of the federal government’s new National Adaptation Strategy: Building

Bus splashing through a large puddle on a flooded street
News Climate ChangeCommercial LinesConstructionInsurance

Climate change effect on public transportation infrastructure to cost billions: financial watchdog

September 22, 2022 The Canadian Press

TORONTO – Ontario’s financial watchdog says the effects of climate change are projected to cost the province an extra $1.5 billion a year on average in the next few years just to maintain public transportation infrastructure. A report released today

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News Insurance

Key enterprises could face penalties under federal bill to bolster cybersecurity

June 14, 2022 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Key enterprises in the banking, telecommunications and transportation industries would be among those required to bolster cybersecurity and report digital attacks – or possibly face penalties – under a federal bill introduced Tuesday. The legislation is intended to

News Insurance

What can be done just seconds before an earthquake hits?

December 7, 2021 by Jason Contant

Natural Resources Canada (NRC) is developing an earthquake early warning system that will provide valuable time before an earthquake strikes to allow protective measures to be put in place for people and critical infrastructure. “It can provide anywhere between seconds

News Insurance

New money aims to help municipalities boost flood resilience

June 27, 2019 THE CANADIAN PRESS

BRACEBRIDGE, Ont. – Ontario is launching a $1-million pilot project to help communities protect against effects of extreme weather after several in central and eastern parts of the province saw flooding this spring. The government has already activated a disaster

News Climate ChangeInsurance

Feds heed industry’s call for investment in disaster mitigation

May 19, 2018 by Jason Contant

The federal government will invest $2 billion over 10 years in projects to help communities better withstand natural hazards such as floods, wildfires, seismic events and droughts. The Disaster Mitigation and Adaptation Fund (DMAF) will support large-scale infrastructure projects with

News Climate ChangeInsuranceMarkets / Coverages

IBC welcomes province’s climate change efforts

November 28, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is welcoming the climate change provisions in the Government of Ontario’s newly released Long-Term Infrastructure Plan (LTIP). The provincial government released LTIP on Tuesday. The plan includes investment in public infrastructure, such as hospitals,

News Insurance

Integrating disaster risk, resilience into broader systems key to unlocking climate adaptation abilities

October 13, 2017 by Angela Stelmakowich

A systemic disconnect between material natural disaster risk, asset valuation and infrastructure investment demands that disaster risk and resilience be integrated into broader financial, accounting and reporting systems, David Greenall, senior director of sustainable business solutions for PwC Canada, told

News InsuranceMarkets / CoveragesTechnology

ICLR to host webinar on clean water inflow and infiltration on Sept. 15

September 6, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a webinar on inflow and infiltration (I/I) on Sept. 15. The webinar, to be held from 10 a.m. to 11:30 a.m. EST, will feature Barbara Robinson from Norton Engineering, who

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…