Ontario Chamber of Commerce urges province to delay carbon cap and trade program
May 13, 2016 Allison Jones - THE CANADIAN PRESSTORONTO – The Ontario Chamber of Commerce is urging the provincial government to delay the implementation of its cap-and-trade plan for one year, saying key questions remain unanswered. The plan to reduce greenhouse gas emissions is set to take effect…
Fort McMurray wildfire could hurt 2016 Q2 results for some Canadian p&c insurers, companies offering help
May 9, 2016 by Angela StelmakowichCredit rating agency Moody’s does not anticipate the massive wildfire in and around Fort McMurray will be a credit event for Canada’s property and casualty industry, but is likely to have an impact on 2016 Q2 results for property insurers.…
Cyber insurance rates could rise 30% in 2016 for large health care, point-of-sale retailers: Willis Towers Watson
April 7, 2016 by Canadian UnderwriterThe withdrawal by American International Group Inc. from some monoline site pollution markets “will result in increased competition” as other carriers look to pick up the displaced business, losses arising from the explosion last August in the Chinese port of…
Insurance Symposium BC 2016 – Liability:Shaping Our Future
March 28, 2016 by rosemaryDates March 15 2016 City Burnaby, British Columbia, Canada Location Hilton Vancouver Metrotown 6083 McKay Avenue Postal Code V5H 2W7 Contact Name Winnie Hon Local Phone 604.681.5491 Tollfree Phone 1.888.681.5491 Email whon@insuranceinstitute.ca Website www.insuranceinstitute.ca/SymposiumBC Topics Concurrent Seminar Sessions (your choice…
Insurance Decisions
March 22, 2016 Chris Dunn, partner; and Josiah MacQuarrie, associate, Dutton Brock LLPA review of the ten most important insurance coverage cases of 2015
Ottawa announces flood protection funding for small Ontario municipalities
March 21, 2016 by Canadian UnderwriterThe Ontario and federal governments announced Friday they will fund projects designed to reduce flood risk and help treat “environmentally harmful liquids” in small municipalities south of Sudbury. Both governments announced Friday funding for 13 projects under the Small Communities…
Transport Canada touts new flammable liquid emergency response training tool
March 17, 2016 by Canadian UnderwriterThe federal government announced Thursday that Transport Minister Marc Garneau has endorsed an online awareness tool for handling flammable liquid emergencies. The tool was developed by Enform, a group of six oil and gas industry associations. That tool “helps first…
U.S. government to bar oil drilling off Atlantic coast
March 15, 2016 Matthew Daly - THE ASSOCIATED PRESSWASHINGTON – In a major reversal, the Obama administration said Tuesday it will bar oil drilling in the Atlantic Ocean, a move cheered by environmentalists and consistent with the United States president’s aggressive steps to deal with climate change. U.S.…
Agricultural firms handling fertilizer, pesticides need to assess pollution risk: Chubb
March 11, 2016 by Canadian UnderwriterFarming operations handling fertilizers and pesticides could have “significant gaps” in insurance coverage due to pollution risk, Chubb Ltd. warned in a paper released Friday in the United States. “Typical agricultural policies provide only limited coverage in specific circumstances for…
Court paves way for professional accountant regulator to pursue claim against former corporate director who settled securities class-action lawsuit
March 2, 2016 by Canadian UnderwriterThe governing body regulating chartered accountants in Ontario has the right to pursue action against a former chief financial officer and director of Sino-Forest Corp., despite the fact that the former company official reached a settlement in a shareholders’ class-action…
Seas are rising way faster than any time in past 2,800 years
February 23, 2016 Seth Borenstein - THE ASSOCIATED PRESSWASHINGTON – Sea levels on Earth are rising several times faster than they have in the past 2,800 years and are accelerating because of man-made global warming, according to new studies. An international team of scientists dug into two dozen…
GM recalls 200,000 cars for Takata air bag trouble
February 16, 2016 The Associated PressDETROIT – General Motors is recalling about 200,000 Saab and Saturn cars in the U.S. and Canada to replace the Takata driver’s air bag inflators. The move is part of a broader recall of about 5.4 million vehicles announced last…