Segment
Risk Management
B.C. to introduce new disaster management laws to address preparedness, mitigation
September 20, 2023 The Canadian PressVANCOUVER – British Columbia’s emergency management minister said the province will be ready to introduce “in the coming weeks” new laws to govern responses to increasingly frequent natural disasters such as wildfires and flooding. Bowinn Ma told a gathering at…
New Brunswick premier vows comprehensive review after massive Port Saint John fire
September 19, 2023 The Canadian PressSAINT JOHN, N.B. – A joint task force investigation into last week’s major fire at a scrapyard in Saint John, N.B., will consider whether the recycling plant should continue operating at the city’s port, says Premier Blaine Higgs. Higgs made…
Why strong housing markets have builders tweaking their insurance
September 14, 2023 Philip PoradoBooming real estate markets in many Canadian cities have top-tier developers considering building sites they might previously have written off. “Here in Toronto, we know the city was heavily industrialized with old manufacturers that were there 100 years before going…
Province aware of dike problems before destructive flooding in 2021, documents show
September 13, 2023 Brenna Owen - THE CANADIAN PRESSOfficials with the British Columbia government and the City of Merritt were aware of significant problems with dikes for several years before a series of atmospheric rivers flooded the community, documents released through a freedom of information request show. The…
B.C. wildfires continue to burn through September
September 12, 2023 The Canadian PressVANCOUVER – The latest evacuation order issued due to a wildfire in British Columbia covers a rural area north of Prince George in a region straddling the boundaries of two regional governments. The regional districts of Fraser-Fort George and Bulkley-Nechako…
Which clients are cyber underwriters favouring?
September 11, 2023 David GambrillRecent loss ratio data suggests the hard market in cyber insurance has plateaued. In part, that’s due to underwriters being more discriminating about which risks they select for coverage. “Insurance companies have rightsized their books. They know which clients they…
How potholes lead to serious brain injuries for e-scooter riders
September 8, 2023 Brittany Sinclair, B.Sc., P.Eng. 30 Forensic EngineeringEditor’s note: This is the second of a two-part series on the biomechanics of rider falls from e-scooters. Part 1 appeared Aug. 25. Road safety is directly linked to maintenance standards. In Ottawa, the city’s recommended maintenance quality standard…
Feds predict parts of Canada could see wildfires through winter
September 7, 2023 The Canadian PressOTTAWA – The latest federal government forecast says Canada’s already unprecedented 2023 wildfire season could continue late into the fall or winter. Energy and Natural Resources Minister Jonathan Wilkinson says there is potential for increased wildland fire activity from eastern…
How NFP’s updating construction and infrastructure operations
September 7, 2023 Philip PoradoProperty and casualty broker NFP announced it will integrate its surety practice into its Construction & Infrastructure (C&I) group, which supports companies in the construction space. These changes impact operations worldwide, including Canada, NFP said. “Surety plays a vital role…
Canada ‘trailing partners’ on securing vital utilities and services: internal memo
September 5, 2023 Jim Bronskill - THE CANADIAN PRESSOTTAWA – A newly released federal memo concedes Canada is “trailing key international partners” who have updated their approaches to securing vital utilities and services from a growing array of risks. The Public Safety Canada memo says “new and rapidly…
What carriers are offering auto customers seeking lower premiums
September 1, 2023 Philip PoradoCar thefts are way up in Canada and that’s got the attention of property and casualty (P&C) insurers. Thefts have risen particularly fast in the greater Toronto area, Montreal and some other parts of Quebec, noted Paul Gilbody, SVP operations…
Fire activity expected to kick up in N.W.T., Mounties warn against re-entering
September 1, 2023 The Canadian PressYELLOWKNIFE – Fire activity along a key Northwest Territories highway is expected to kick up in the coming days, while Mounties say they’ll stop a potentially large group from trying to re-enter when an evacuation order is still in effect.…