Ship spills an estimated 3,000 litres of fuel in northern Quebec
October 9, 2015 by Canadian UnderwriterAn estimated 3,000 litres of fuel spilled near the community of Salluit in northern Quebec, the Canadian Coast Guard (CCG) confirmed on Thursday. Greg Lick, director general of CCG operations, said in a statement that the Coast Guard was notified…
Federal investigator discusses Lac-Mgantic at Engineering Insurance Conference
October 9, 2015 Greg Meckbach, Associate EditorPollution problems resulting from the 2013 fatal railway derailment in Lac-Mégantic, Quebec will persist for years, while officials with the railway company involved were “not exactly leaders” in safety management, a Transportation Safety Board of Canada official suggested to insurance…
Something Special
October 1, 2015 David Huebel, Chief Executive Officer, Canada, XL CatlinSpecialty insurance markets are having a big impact on Canada’s biggest industries. For example, identifying how best to insure drones – use of which looks poised to take flight in a number of industries – is adding to the complex liability of already-complex Canadian industries.
Getting the Lead Out
September 30, 2015 Heather A. Sanderson, principal, Sanderson LawWhat are the implications of lead paint liability for Canadian insurance coverage?
Government of Canada opens investigation into Volkswagen’s alleged use of devices to circumvent emissions regulations
September 23, 2015 by Canadian UnderwriterEnvironment Canada announced on Tuesday that it has opened an investigation into Volkswagen’s alleged use of defeat devices to circumvent emissions regulations. On Sept. 18, the United States Environmental Protection Agency (EPA) issued a Notice of Violation of the Clean…
Volkswagen CEO steps down in effort ‘to win back trust’ amid emissions scandal
September 23, 2015 Geir Moulson and Pan Pylas - THE ASSOCIATED PRESSBERLIN – Volkswagen CEO Martin Winterkorn stepped down Wednesday over a scandal in which the German carmaker admitted to rigging its diesel cars’ emissions to pass U.S. tests. In a statement, Winterkorn said he took responsibility for the “irregularities” found…
Farm Liability and Automobile Coverages
September 23, 2015 by Canadian UnderwriterAccording to the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) there are more than 57,211 farms in Ontario and sales of farm products total more than $9 billion each year. In this half day session we will explore…
Volkswagen Canada halts some sales after CEO apologizes for emissions scandal
September 22, 2015 Peter Henderson - THE CANADIAN PRESSTORONTO – Volkswagen Canada has told dealers to stop selling diesel-powered vehicles involved in an emissions-testing scandal that has drawn the ire of American regulators. Spokesman Thomas Tetzlaff said in an email that the voluntary move comes as the Canadian…
Pollution Liability
August 1, 2015 Greg Meckbach, Associate EditorEnvironmental clean-up can cost millions of dollars, regulators sometimes force innocent organizations and individuals to pay for remediation and general liability policies do not always cover pollution risks. To be prepared, risk managers should assume their organizations have at least some environmental exposure.
Building Success, Building Protection
July 3, 2015 Carl Spensieri, Vice President, Environment, Berkley CanadaPublic-private partnership (P3) agreements are emerging as the design, build, fund and operate model of choice in Canada. But while the model offers an opportunity to share risks and realize rewards, it demands careful consideration of potential exposures, including environmental risk, which are best addressed by tailored cover.
D&O on Alert
May 1, 2015 Cameron Rose, Senior Vice President, Chubb Specialty InsuranceDirectors and officers at Canada’s publicly listed companies face personal liability as a result of unfolding trends related to securities, environmental and cyber issues. But a well-conceived mix of risk management processes and risk transfer tools can help protect both companies and their directors and officers.
Fire, Pollution and Exclusion
March 31, 2015 Jonathan Hodes, partner, Miller Thomson|Jonathan Hodes, partner, Miller ThomsonPollution resulting from fire is not necessarily subject to insurance exclusion, says B.C. Court.