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This province seeks insurers’ input on joint and several liability reform

March 5, 2019 by Greg Meckbach

The Ontario government wants to hear from insurance companies on the controversial joint and several liability rule, which some say is unfair to deep pockets defendants. “What we are looking for is consultation with the lawyers, the insurance industry, et

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Guide to legalization predicts home-grown pot to be “biggest municipal headache”

April 18, 2018 Joan Bryden - THE CANADIAN PRESS

OTTAWA – Municipalities will have to grapple with a host of thorny issues once recreational cannabis is legalized in Canada – but it’s the matter of home-grown marijuana plants that’s expected to cause them the biggest headaches. The Federation of

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Frank Cowan Company offering new suite of products for terrorism coverage

October 17, 2017 by Canadian Underwriter

Now available from Frank Cowan Company is a new suite of products designed to help municipalities and public services organizations address the terrorism risk they face and transfer some of that risk via the insurance product. Partnering with XL Catlin

News CatastrophesClaimsClimate ChangeMergers and Aqcuisitions

Standard would help enhance flood resilience of new communities: report

September 26, 2017 by Angela Stelmakowich

Research out of the University of Waterloo recommends a Canadian standard for new flood-resilient residential communities, one that employs almost two dozen best practices, be developed to bolster protection and reduce water-related losses. Requiring that new homes not be built

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IBC congratulates City of Toronto on the creation of a chief resilience officer position

July 5, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is congratulating the City of Toronto “for its ongoing commitment to emergency preparedness” with the recent establishment of a chief resilience officer for the city. Last month, Tory announced that the position will be

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Government of Alberta invests in debris dam to protect homes, businesses and infrastructure in Canmore

May 29, 2017 by Canadian Underwriter

The Government of Alberta announced on Friday that it is investing an additional $10.3 million to protect homes, businesses and infrastructure in Canmore. The money represents the final funding towards a $48.6-million debris dam at Cougar Creek and is part

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Need for more collaboration between municipalities one lesson learned from Fort McMurray wildfire, CIFF conference hears

May 26, 2017 Jason Contant, Online Editor

The need for more collaboration between various municipalities and the consequences of poor land use policies were just two lessons learned from the Fort McMurray wildfire, a speaker said on Wednesday at the Canadian Insurance Financial Forum (CIFF). Michael Brisebois,

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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 CatastrophesClimate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Rebuilding after disasters should stress safer, better, Goodale says

May 11, 2017 Jordan Press - THE CANADIAN PRESS

OTTAWA – As the devastating floodwaters recede in Ontario and Quebec, the key to preventing a similar disaster in future is to avoid making the mistakes that led to problems in the first place, says Public Safety Minister Ralph Goodale.

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Documents show many cities are wary of mapping flood risks, making data public

May 9, 2017 Jordan Press - THE CANADIAN PRESS

OTTAWA – When municipal officials were told last year about new tools to help them map the risk of flooding in their communities, they immediately raised red flags, suggesting they wanted no part of it over concerns about legal liability

News CatastrophesInsuranceMergers and Aqcuisitions

Heavy rain likely to cause new or more flooding in Quebec and Ontario

May 5, 2017 Michelle McQuigge - THE CANADIAN PRESS

Persistent, steady rains soaking swaths of central and eastern Canada that have already endured record precipitation levels threatened to trigger widespread flooding Friday and put residents and governments on high alert. Environment Canada said a massive system is slowly drenching

News CatastrophesConstructionInsuranceLegislation / RegulationProfessional Development

Alberta government provides $15M a year for FireSmart program, up from $3.8M last year

April 17, 2017 by Canadian Underwriter

The Government of Alberta has announced it is providing $15 million a year for its FireSmart program, up from $3.8 million last year, to help communities boost their wildfire protection activities. FireSmart uses preventative measures to reduce wildfire threat to