Canadian Underwriter

Keyword
infrastructure


News CatastrophesInsuranceMergers and Aqcuisitions

California governor seeks flood control funds

February 24, 2017 The Associated Press

California Gov. Jerry Brown wants to spend $437 million on immediate flood control and emergency response actions in the storm-drenched state. Brown said Friday he would do that by redirecting $50 million from the state general fund and requesting a

News CatastrophesClimate ChangeConstructionInsuranceMarkets / Coverages

Two U.S. dams illustrate challenge of maintaining older designs

February 22, 2017 Michael R. Blood - THE ASSOCIATED PRESS

LOS ANGELES – Twelve years ago, widespread destruction from Hurricane Katrina on the Gulf Coast helped compel federal engineers 2,000 miles away in California to remake a 1950s-era dam by constructing a massive steel-and-concrete gutter that would manage surging waters

News CatastrophesInsuranceMarkets / Coverages

Still thousands without power as cleanup continues in New Brunswick

February 1, 2017 The Canadian Press

LAMEQUE, N.B. – There are still about eight thousand customers awaiting the return of electricity in northern New Brunswick today, more than a week after the ice storm that wreaked havoc in the province. The NB Power website shows many

News CatastrophesInsuranceMergers and AqcuisitionsProfessional Development

ICLR to host webinar on Canadian wildland fire interface maps

January 30, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting its next Friday Forum webinar on Canadian wildland fire interface maps on Feb. 17 at 10 a.m. to 11:30 am EST. The webinar, titled Canadian wildland fire interface maps: Tools

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

NOAA and partners develop new regional sea level scenarios to help U.S. communities prepare for risks

January 19, 2017 by Canadian Underwriter

The National Oceanic and Atmospheric Administration (NOAA) and its partners have developed new regional sea level scenarios for the United States to give coastal communities better and more localized data to help them plan for and adapt to the risks

News CatastrophesInsuranceMergers and Aqcuisitions

Financial impact of Fort McMurray wildfire reaches $9.5 billion: study

January 17, 2017 Bob Weber - THE CANADIAN PRESS

EDMONTON – An assessment of the total financial impact of last spring’s Fort McMurray wildfire is pegging the direct and indirect costs of the blaze at $9.5 billion. The figure includes the expense of replacing buildings and infrastructure as well

News CatastrophesEarnings / RatingsInsuranceLegalLegislation / RegulationTechnology

Increased cyber espionage, data integrity attacks part of global threat landscape in 2017: Stroz Friedberg

January 5, 2017 by Canadian Underwriter

Top cyber threats in the coming year include nation state cyber espionage, a rise in data integrity attacks and more attacks harnessing Internet of Things (IoT) devices, Stroz Friedberg, an Aon company, notes in its 2017 Cybersecurity Predictions report. “We

News CatastrophesClimate ChangeInsuranceMergers and AqcuisitionsReinsurance

2016 costliest 12 months for natural catastrophes in the last four years: Munich Re

January 4, 2017 by Canadian Underwriter

The US$175 billion in natural catastrophes losses in 2016 – the lion’s share of which were uninsured – dwarfed those in the previous year and were just shy of 2012’s US$180 billion total, Munich Re reports. The research released Wednesday

News ConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Saskatchewan government introduces act aimed at enhancing regulatory oversight of provincial pipelines

November 29, 2016 by Canadian Underwriter

The Government of Saskatchewan announced on Monday that it has introduced new legislation aimed at enhancing regulatory oversight of the province’s oil and gas industry. The government introduced The Pipelines Amendment Act in the Legislature, replacing The Pipelines Act, the

News CatastrophesClimate ChangeInsurance

IBC commends federal government’s focus on infrastructure and flood mitigation in 2016 fall economic statement

November 2, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Government of Canada’s focus on infrastructure investments and flood mitigation in its recently released Fall Economic Statement 2016. In the statement, released on Tuesday, the federal government proposed $21.9 billion over

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Vancouver planning additional measures to combat damage, costs associated with sea level rise

October 31, 2016 by Canadian Underwriter

“Sitting on the sidelines is not an option while climate change threatens our future,” Vancouver Mayor Gregor Robertson emphasized last week in announcing the city’s next moves to prepare for sea level rise over the next century. “The massive costs

News AssociationsCatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Barely passable grade on flood preparedness demands immediate action: report

October 31, 2016 by Canadian Underwriter

All 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new