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Natural disaster recovery: Who owns the risk?

January 31, 2018 by David Gambrill

Canadians are not fully aware of their exposure to natural catastrophe risks, triggering a conversation at the C4 2018 conference in Ottawa about who is responsible for shouldering the heavy load of mounting disaster recovery costs. Organized by Catastrophe Indices

News CatastrophesInsuranceMarkets / Coverages

Will feds get involved in flood coverage for high-risk homes?

November 16, 2017 Greg Meckbach, Associate Editor

Despite calls from the industry for public sector involvement in covering flood risk to high-risk residential properties, the federal government has not committed to any programs that would lead to public sector involvement in flood coverage. Canadian Underwriter asked Public

News CatastrophesInsurance

Manitoba expands flood mapping for three priority watersheds

October 13, 2017 by Canadian Underwriter

The province of Manitoba will add vital information to its flood mapping inventory for three of its priority watersheds, the provincial and federal governments announced on Thursday. Manitoba Infrastructure Minister Ron Schuler announced the expanded flood mapping inventory for watersheds

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Aviva Canada beefs up identity theft offering to protect customers

October 3, 2017 by Canadian Underwriter

Aviva Canada is marking the beginning of Cyber Security Awareness Month (October) with the announcement that it is introducing enhancements to its identity theft coverage at no additional cost to existing customers. The coverage features widespread financial protection if a

Blair Feltmate, PhD, Associate Professor, Faculty of Environment and Chair, Climate  Change Adaptation Project (Canada), University of Waterloo
Feature

Good Natured

August 26, 2017 Blair Feltmate, Head; and Natalia Moudrak, Director of the Infrastructure Adaptation Program, Intact Centre on Climate Adaptation, University of Waterloo

Wetlands are increasingly seen as an unexpected gift — one with the potential to keep on giving — in Canada’s continuing efforts to reduce costs from urban and rural flooding. The only proviso is that stakeholders, including municipal governments, need to support protective approaches that allow these valuable areas to remain as is.

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MSA calls for ‘sustainable solution for underinsurance’ in overland flood

June 27, 2017 by Canadian Underwriter

A potential solution to overland flood risk in Canada “could follow” the model of Britain’s Flood Re, MSA Research Inc. suggested in a report released Monday to Canadian Underwriter. Toronto-based MSA released its Quarterly Outlook Report for Q1 2017. In

News InsuranceMarkets / Coverages

Chubb increases insurance capacity for terrorism, political risk

June 13, 2017 by Canadian Underwriter

Chubb Limited announced Monday it will offer “new increased capacity,” up to US$150 million or 150 million euros, covering terrorism political risk and war risks. “Chubb has increased its terrorism and political violence capacity per account by 300% in the

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Bank of Canada warns of cyberattack vulnerabilities in financial sector

June 13, 2017 Mike Blanchfield and Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Canada’s interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns. The structural vulnerability could allow for the easy spread of an initial attack

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Oral fluid drug screening devices can be “successfully used in Canada,” Public Safety Canada reports

June 7, 2017 by Canadian Underwriter

Results from the federal government’s oral fluid drug screening device pilot project suggest the devices can be “successfully used in Canada” to identify drivers who test positive for certain drugs in various conditions, Public Safety Canada (PSC) reported on Tuesday.

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Opposition MPs concerned about lack of a ‘ready, usable, reliable roadside screening device’ for marijuana impairment

May 30, 2017 by Canadian Underwriter

Opposition MPs spoke Monday in favour of a bill that would raise the maximum sentence for impaired driving causing death and let Canadian police test any legally-stopped driver for alcohol impairment but expressed strong concerns about the ruling Liberals’ plan

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 CatastrophesInsuranceMergers and Aqcuisitions

Federal government to conduct field exercise on response to incidents involving flammable liquids transported by rail

February 24, 2017 by Canadian Underwriter

Transport Canada (TC) and Defence Research and Development Canada (DRDC) announced on Friday that they will conduct a field exercise this weekend designed to improve Canada’s response capabilities in the event of an incident involving a train carrying flammable liquids,