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Canada considers tougher greenhouse gas rules for shipping

November 23, 2021 Bob Weber - THE CANADIAN PRESS

Canada is considering an international proposal that would double the ambition of its greenhouse gas emissions targets from shipping – a plan observers say the country seems ready to support. A committee of the International Maritime Organization, which sets the

News Insurance

NFP’s Canadian offices partner with U.K. insurtech Loadsure

November 22, 2021 Canadian Underwriter Staff

Broker and consultant NFP’s Canadian-based offices formed an exclusive partnership with U.K.-based Loadsure to obtain instant- and on-demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally. The agreement includes inland transit. NFP has over 800 employees

News Insurance

Linda O’Leary found not guilty of careless driving in fatal boat crash

September 14, 2021 Paola Loriggio - THE CANADIAN PRESS

Prosecutors failed to prove Linda O’Leary was operating her boat without proper care or consideration for others when it crashed into another vessel in central Ontario two years ago, a judge ruled Tuesday as he cleared her in the fatal

News Insurance

Why mega-ships are mega risks for marine insurers

August 16, 2021 by Jason Contant

The blocking of the Suez Canal by the Ever Given container ship in March shows that ever-increasing vessel sizes continue to pose a disproportionately large risk, said marine insurer Allianz Global Corporate & Specialty SE (AGCS). On Mar. 23, 2021,

News Insurance

Shipping industry warns of disruptions from potential strike at Port of Montreal

March 8, 2021 The Canadian Press

MONTREAL – The Shipping Federation of Canada is warning that a potential strike at the Port of Montreal is already having a damaging impact even as negotiations are set to resume Wednesday with the help of mediators. The trade association

News Insurance

New Maritime research centre to fight cyber pirates

January 28, 2021 Jean-Benoit Legault - THE CANADIAN PRESS

MONTREAL – A new research centre created at Montreal’s Polytechnique university will aim to protect ships from pirates – and they’re not talking about Blackbeard or Captain Kidd. Canada’s Maritime Cyber Security Centre of Excellence will combine the expertise of

News Commercial LinesInsurance

This commercial line could get a lot more exciting soon

June 4, 2019 by Jason Contant

The Canadian marine insurance market could get a lot more interesting in the next year-and-a-half as major infrastructure projects get underway. “There are more large infrastructure projects on the drawing board and it could be a very interesting 18 months

News Climate ChangeInsurance

New risks arising from Canadian arctic shipping

July 17, 2018 by Greg Meckbach

As shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and

News InsuranceMarkets / CoveragesTechnology

Known, hidden risks in supply chains demand an overall strategy for evaluating and mitigating risk: QBE

April 26, 2017 Angela Stelmakowich

PHILADELPHIA – The multitude and variety of risks are becoming more predictable, indicating multinational and domestic companies can benefit from taking a look at how global interdependence affects each link of their supply chain, says Jamie Luce, senior vice president,

News Climate ChangeInsuranceMarkets / Coverages

Hundreds of icebergs clog shipping lanes, forcing ships to reroute

April 10, 2017 The Canadian Press

ST. JOHN’S, N.L. – More icebergs have drifted into major shipping lanes off Newfoundland, forcing ships to go far out of their way to steer clear of the massive ice mountains. “It’s the only place in the world where icebergs

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

News InsuranceMarkets / CoveragesTechnology

Worldwide shipments of 3D printers to grow 108% in 2016: Gartner

October 14, 2016 by Canadian Underwriter

Worldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company