Keyword
recovery
City of Ottawa awaits answers on derecho storm compensation
October 31, 2022 Cindy Tran - THE CANADIAN PRESSOTTAWA – More than five months after a powerful storm damaged property and left people without power for days, the City of Ottawa has yet to be reimbursed by the provincial government for its recovery costs. The derecho, a line…
B.C. climate change initiative needs to look further than recovery, expert says
February 25, 2022 Dirk Meissner - THE CANADIAN PRESSVICTORIA – A disaster expert who led recovery teams after the earthquake and tsunami in the Indian Ocean that killed more than 230,000 people says British Columbia’s climate response strategy must protect the province from future environmental events. The B.C.…
Ontario government offers to help Wheatley recover from massive explosion
September 28, 2021 The Canadian PressWHEATLEY, Ont. – A town in southwestern Ontario rocked by a massive explosion last month will be receiving up to $2 million from the provincial government to help with recovery efforts. The province says the funds will help businesses affected…
Cyber threat landscape growing, potential for emergence of destruction of service attacks: Cisco
July 20, 2017 by Canadian UnderwriterThe potential for “destruction of service” (DeOS) attacks is greatly concerning and organizations would be well-advised to adopt a proactive cyber stance in their protection efforts to combat increasingly sophisticated attackers, warns a new report from Cisco. “Cyber incidents such…
Vehicle and equipment dealerships in Alberta authorized to sell gap insurance
June 12, 2017 by Canadian UnderwriterThe Alberta Insurance Council (AIC) has announced that its General Insurance Council (GIC) has approved the issuance of a restricted certificate of authority authorizing both vehicle and equipment dealerships to sell gap insurance. Gap insurance is property insurance that covers…
Risk management overhaul necessary for cities to become more resilient to catastrophic events: report
March 27, 2017 by Canadian UnderwriterOfficials for cities, investors and insurers will increasingly need to “build resilience within and between infrastructure systems as a complementary approach to address infrastructure risk and uncertainty,” argues a new report from Lloyd’s and Arup. “While risk management remains a…
Terrorism insurance gaps demand rethinking focus on property: C4 2017 speaker
February 2, 2017 by Angela StelmakowichTerrorism insurance programs need a reset to ensure clients are appropriately covered in light of the continuing shift from attacks on property to attacks on people designed to produce mass casualties, Scott Bolton, the U.K.-based director of business development and…
Insured losses of New Zealand quake could be as much as US$3.5 billion: AIR Worldwide
November 18, 2016 by Canadian UnderwriterThe largest earthquake to hit New Zealand since 2009, registering magnitude 7.8, could contribute to insured losses amounting to US$762 million to US$3.5 billion, catastrophe modelling firm AIR Worldwide reported Thursday. The modelled estimates include insured physical damage to property…
More fairness in Ontario auto insurance needed to fix the system: IBC’s Forgeron
October 24, 2016 by Canadian UnderwriterFairness is still lacking in Ontario’s auto insurance system and a balance needs to be struck between both lower premiums and the right level of benefits, Don Forgeron, president and chief executive officer of Insurance Bureau of Canada (IBC), said…
Change in exposure driving widening gap between insured, economic losses following disaster events
September 14, 2016 by Angela StelmakowichCALGARY – A dramatic loss scenario around disaster events is developing globally, contributing to a widening gap between insured and economic losses, Alex Kaplan, senior vice president of global partnerships for Swiss Re, suggested earlier this week during the RIMS…
Impact of Fort Mac wildfire adds to Alberta’s economic challenges, increases deficit: province
August 24, 2016 by Angela StelmakowichCosts associated with the wildfire that ravaged parts of Alberta’s Wood Buffalo region this past May, coupled with the impact of ongoing low oil prices, has set the provincial government on a continuing cautious course to its finances. “In the…
Alberta gov’t, Regional Municipality of Wood Buffalo supporting small- and medium-sized businesses with re-entry to Fort McMurray
May 30, 2016 by Canadian UnderwriterThe Government of Alberta, in partnership with the Regional Municipality of Wood Buffalo (RMWB), is moving forward on initial steps to support small- and medium-sized businesses in their re-entry with a small business support centre. Government has also confirmed its…