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When can Canadian clients get advance warning of earthquakes?

February 10, 2020 by Greg Meckbach

If an earthquake hits Canada after 2024, some clients could get at least a few seconds’ advance warning. At least that’s what the federal government is hoping for. “Earthquake early warning has the potential to reduce the impact of a

News ConstructionInsuranceMarkets / Coverages

Federal government orders railway company to complete repairs and resume service to Churchill, Man.

October 16, 2017 by Canadian Underwriter

The federal government has ordered rail company OmniTRAX Inc. to complete railway repairs and resume rail service within 30 days to Churchill, Man., several months after the only ground transportation to town was flooded. Natural Resources Canada said in a

News Climate ChangeInsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Government of Canada to develop a national Zero-Emissions Vehicle Strategy by 2018

May 26, 2017 by Canadian Underwriter

The Government of Canada announced on Friday that it will develop a national Zero-Emissions Vehicle Strategy by 2018. Marc Garneau, the Minister of Transport, and Navdeep Bains, Minister of Innovation, Science and Economic Development, said in a statement from Transport

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario government ‘taking lessons learned’ from Fukushima nuclear disaster: Lalonde

May 23, 2017 by Canadian Underwriter

Ontario’s community safety and correctional services minister is calling on “everyone interested” to comment on proposed changes to the Provincial Nuclear Emergency Response Plan. The province is home to the world’s largest nuclear operating facility, Bruce Power reports on its

News AssociationsCatastrophesClimate ChangeInsuranceReinsurance

IBC supports regional platform for disaster risk reduction outcomes, vows to continue working with government

March 15, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s continued support for efforts by the federal government to enhance disaster risk reduction and make communities more resilient. “Our industry remains committed to being a full partner with

News AssociationsCatastrophesClimate ChangeConstructionEarnings / RatingsLegislation / RegulationMergers and AqcuisitionsReinsurance

Federal government should consider emergency back-stop mechanism for catastrophic earthquake: conference board

November 22, 2016 by Canadian Underwriter

The Conference Board of Canada is echoing a recent recommendation by a former federal superintendent of financial institutions for Ottawa to consider adopting a last-resort, emergency back-stop mechanism for a catastrophic earthquake given the long-reaching, adverse effects that the event

News CatastrophesInsuranceMergers and Aqcuisitions

Federal government reduces size of proposed emergency fund for pipeline spills

October 14, 2016 The Canadian Press

CALGARY – The federal government is lowering the size of a proposed emergency fund pipeline operators would be required to have on hand to deal with short-term costs of incidents such as spills. Natural Resources Canada says the fund would

News CatastrophesClimate ChangeInsurance

Changing climate is raising forest fire risk, says Natural Resources Canada annual report

September 28, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – A new government report says that by the end of this century a changing climate is expected to at least double the area burned each year by forest fires in Canada. The 2015 annual forest assessment by Natural

News CatastrophesInsuranceMergers and Aqcuisitions

Sea level changes, coastal erosion and storm surge flooding key concerns for many parts of Canada: federal government report

April 14, 2016 by Canadian Underwriter

Sea level changes will vary greatly across Canada this century and beyond, and these changes, together with coastal erosion and storm surge flooding, represent key concerns for many areas, according to a report released earlier this week by Natural Resources