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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

News Climate ChangeInsurance

As U.S. threatens withdrawal, feds still committed to Paris Accord, McKenna says

May 31, 2017 The Canadian Press

TORONTO – As the U.S. flirts with fleeing the Paris climate-change accord, Canada is aligning itself with the world’s other two largest economies to take a global leadership role on the effort to limit greenhouse gas emissions. Environment Minister Catherine

News CatastrophesInsuranceMergers and Aqcuisitions

Husky spill in southwest Alberta estimated at 25,000 litres; cleanup going well

March 23, 2017 The Canadian Press

CALGARY – Husky Energy says about 25,000 litres of crude oil leaked from one of its pipelines in southwestern Alberta last week. Spokesman Mel Duvall said in an email to The Canadian Press that cleanup at the site at Cox

News Climate ChangeInsuranceLegislation / RegulationTechnology

PM hails national climate change deal, but without Saskatchewan, Manitoba

December 11, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau declared victory Friday in his campaign to craft a national “framework” agreement on climate change – even though Saskatchewan and Manitoba refused to sign on to the deal and British Columbia claimed a major

News InsuranceMergers and AqcuisitionsTechnology

Copycat terrorists could use drones to attack planes, intelligence report warns

December 5, 2016 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Publicity about near-misses between drones and passenger aircraft might give terrorists ideas about how to take down a plane, a federal intelligence report warns. The Transport Canada report obtained by The Canadian Press also suggests small unmanned aerial

News Climate ChangeInsurance

Canadians may not realize ‘magnitude of challenge’ in 2050 climate strategy

November 18, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – The federal government has released its long-term climate strategy with a caution that most Canadians – while sympathetic to the cause – don’t yet understand the “magnitude of the challenge.” The document suggests the country should find a

News CatastrophesClimate ChangeInsurance

B.C. premier says climate change is sparking need for national forest fire plan

May 19, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – Climate change is leading to more wildfires and the country needs a national forest firefighting strategy, says B.C. Premier Christy Clark. While the country has been transfixed by the raging fires around Fort McMurray in northern Alberta, British