Canadian Underwriter

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How NFP’s updating construction and infrastructure operations

September 7, 2023 Philip Porado

Property 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

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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

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News Insurance

Key enterprises could face penalties under federal bill to bolster cybersecurity

June 14, 2022 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Key enterprises in the banking, telecommunications and transportation industries would be among those required to bolster cybersecurity and report digital attacks – or possibly face penalties – under a federal bill introduced Tuesday. The legislation is intended to

News Insurance

What can be done just seconds before an earthquake hits?

December 7, 2021 by Jason Contant

Natural Resources Canada (NRC) is developing an earthquake early warning system that will provide valuable time before an earthquake strikes to allow protective measures to be put in place for people and critical infrastructure. “It can provide anywhere between seconds

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How basement flood risk could rise with pandemic-induced municipal funding crunch

June 10, 2020 by Greg Meckbach

The economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to

News Insurance

New money aims to help municipalities boost flood resilience

June 27, 2019 THE CANADIAN PRESS

BRACEBRIDGE, Ont. – Ontario is launching a $1-million pilot project to help communities protect against effects of extreme weather after several in central and eastern parts of the province saw flooding this spring. The government has already activated a disaster

News InsuranceRiskTechnology

Could smart cities be held liable for driverless car crashes?

September 27, 2018 by Jason Contant

Fully autonomous vehicles that communicate with other vehicles and city infrastructure will create a brand new exposure for insurers and municipalities. Traditionally, when there is a pedestrian bodily injury claim from a vehicle accident, there is two parties – the

News Climate Change

Government infrastructure, climate change programs ‘have to merge:’ Chiarelli

April 6, 2017 Greg Meckbach, Associate Editor

Municipalities looking for infrastructure funding from upper levels of government should make sure they have 10-year “asset management” plans, while upper levels of government need to keep in mind greenhouse gas emissions when drawing up their infrastructure plans, Ontario’s infrastructure