Oceans Protection Plan includes robust polluter-pay approach to abandoned, derelict and wrecked vessels
November 8, 2016 by Canadian UnderwriterCanada’s new $1.5 billion national Oceans Protection Plan involves a raft of measures to help protect the country’s marine environment, including a pollution-pay approach with regard to abandoned, derelict and wrecked vessels The national plan was announced Monday in St.…
Judge approves $15 billion Volkswagen emissions settlement
October 25, 2016 The Associated PressSAN FRANCISCO – A federal judge in San Francisco has approved a nearly $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal. U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement…
Some diesel fuel safely pumped from sunken tug on B.C. central coast
October 18, 2016 The Canadian PressBELLA BELLA, B.C. – Salvage crews have removed more than 23,000 litres of diesel from a sunken tug on British Columbia’s central coast in the latest effort to avert an environmental disaster near the Great Bear Rainforest. A second attempt…
Saskatchewan Premier announces province’s climate change plan
October 18, 2016 by Canadian UnderwriterSaskatchewan Premier Brad Wall has released the province’s Climate Change White Paper, calling for adaptation and innovation instead of taxation on carbon. “There are three approaches we can take to fighting climate change – adaptation, innovation and taxation,” Wall said…
IBC applauds federal government’s approach to carbon pricing
October 4, 2016 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) has applauded the Government of Canada’s pan-Canadian approach to pricing carbon pollution. “IBC congratulates the government on today’s carbon pricing announcement,” IBC president and CEO Don Forgeron said in a statement on Monday. “Severe…
National carbon price to be $10 a tonne in 2018, $50 by 2022, Trudeau says
October 3, 2016 The Canadian PressOTTAWA – Prime Minister Justin Trudeau has pre-empted climate change negotiations with Canada’s premiers, announcing that the federal government will impose a pan-Canadian floor price on carbon pollution. Trudeau revealed Monday his plan to reduce greenhouse gas emissions, starting in…
East Anglia prof warns of ‘real major challenge’ in limiting average world temperature increase to 2 Celsius
September 29, 2016 Seth Borenstein - THE ASSOCIATED PRESSWASHINGTON, D.C. – A team of top scientists is telling world leaders to stop congratulating themselves on the Paris agreement to fight climate change because if more isn’t done, global temperatures will likely hit dangerous warming levels in about 35…
Alberta advisory panel to consult communities on transition away from coal-fired electricity generation
September 23, 2016 by Canadian UnderwriterJust days after the Alberta government announced a task force to provide recommendations on climate technology to help transition to a lower-carbon economy, it has appointed a three-member expert panel to meet with those affected by the transition away from…
Alberta appoints task force to help province transition to lower-carbon economy
September 20, 2016 by Canadian UnderwriterThe Alberta government announced on Monday that it has appointed a task force to provide recommendations on targeting investments in climate technology to help transition to a lower-carbon economy. As part of Alberta’s Climate Leadership Plan, the government will phase…
New RSA D&O coverage includes multiple reinstatements, pollution clean-up
September 12, 2016 Greg Meckbach, Associate EditorRSA Canada announced Monday a new directors’ and officers’ liability insurance product that sits on top of a D&O tower, is intended for the use of the individual directors and officers only and covers the cost of pollution clean-up orders.…
Canada ‘missed the boat’ on economic policies to mitigate climate change: doctor
August 22, 2016 The Canadian PressVANCOUVER – A leading expert on climate change says Canada “has missed the boat” when it comes to developing renewable energy resources that would mitigate the impact of global warming and its impact on human health. Dr. James Orbinski, who…
P&C combined ratio improves one point to 97.4% for CNA Financial, net income at US$209 million for Q2 2016
August 2, 2016 by Canadian UnderwriterCNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter. For the first six months of…