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A lake in the shape of the world's continents in the middle of untouched nature.
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How the P&C industry responded to Canada’s National Adaptation Strategy

November 24, 2022 by David Gambrill

Canada announced today a total of $1.6 billion in new federal funding to help communities adapt to climate change by building infrastructure more resilient to natural disasters. The investment is part of the federal government’s new National Adaptation Strategy: Building

Heavy rain in Halifax ahead of Hurricane Fiona's landfall
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Hurricane risk: What the future holds for Canada

September 23, 2022 by Jason Contant

Canada will be increasingly at risk for more frequent and severe hurricanes going forward due to climate change, Swiss Re told Canadian Underwriter in an interview Friday. “Sea surface temperatures [are] rising, which means storms will be able to travel

Arrival of a strong storm with lightning and rain. These weather conditions are typical of the Brazilian summer.
News Climate ChangeInsuranceLegislation / Regulation

Global climate disclosure standards will take time and money, P&C industry warned

September 22, 2022 by David Gambrill

Canada’s solvency regulator is seeking to harmonize climate risk disclosures with international standards, which some Canadian P&C insurers are viewing as akin to a climate-related IFRS 17 initiative. Some contend OSFI’s forthcoming guidance on harmonizing companies’ climate-related risk disclosures with

Bus splashing through a large puddle on a flooded street
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Climate change effect on public transportation infrastructure to cost billions: financial watchdog

September 22, 2022 The Canadian Press

TORONTO – Ontario’s financial watchdog says the effects of climate change are projected to cost the province an extra $1.5 billion a year on average in the next few years just to maintain public transportation infrastructure. A report released today

Air conditioning unit in the backyard of a home
News Climate Change

Coalition on climate adaptation says Canada needs hard targets on disaster resilience

September 13, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – A broad coalition on climate adaptation and disaster resilience says air conditioning should become a human right on par with winter heating – one of a series of hard targets it says Canada needs to meet in the

Cargo ship on the St. Lawrence River
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Navigating climate change: How shipping is adapting in the St. Lawrence

September 8, 2022 The Canadian Press

By Claude Comtois, Professeur emerite de geographie, Universite de Montreal – THE CONVERSATION   This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the

Smoke from a forest fire
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Newfoundland wildfires could be sign of what climate change has in store for province

August 15, 2022 The Canadian Press

ST. JOHN’S, N.L. – A climatologist says the wildfires that have been burning for more than two weeks in central Newfoundland could be a sign of what’s to come as the province feels the impacts of climate change. Joel Finnis,

A leaking roof in an old office
News Insurance

Why your client now needs environmental insurance

July 4, 2022 by Jason Contant

Climate change is resulting in larger and non-traditional pollution losses, necessitating the need for environmental insurance to cover possible coverage gaps left by other policies, an environmental insurance expert said recently. Stronger storms coupled with increased land development can lead

Tree damage following derecho
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Emergency alerts when severe weather happens can be improved: Environment Minister

May 26, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Emergency weather alerts that are broadcast over the mobile network should be improved to make sure they are getting to the right people at the right time, Environment Minister Steven Guilbeault said Wednesday. Guilbeault is in Germany for

An EMS vehicle is set up as a cooling station during a June 2021 heat wave in Calgary
News Insurance

Last summer’s B.C., Alberta heat wave was among most extreme since 1960s, study shows

May 6, 2022 Brenna Owen - THE CANADIAN PRESS

The record-breaking heat wave that scorched western North America last June was among the most extreme ever recorded globally, new modelling and analysis by researchers at universities in the United Kingdom shows. The study published Wednesday in the journal Science

Boreal forest fire in Banff, Alberta
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Curbing Canadian forest fires could be an affordable way to cut emissions: study

April 28, 2022 Hina Alam - THE CANADIAN PRESS

Better wildfire management in Canadian and Alaskan forests could offer a cost-effective way to limit greenhouse gas emissions, a new study says. Research published in the journal Science Advances on Wednesday found wildfires in North American boreal forests could represent

A heatwave in Montreal in June 2020
News Insurance

Extreme heat should be labelled a natural disaster, new report urges

April 20, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Governments should consider extreme heat a natural disaster as climate change raises the risk of soaring summer temperatures in much of Canada, a new report says. Irreversible Extreme Heat, penned by experts at the Intact Centre on Climate