Canadian Underwriter

News Catastrophes

Lac Megantic marks seventh anniversary of 2013 rail disaster with memorial site

July 6, 2020 Stephanie Marin – THE CANADIAN PRESS

Seven years after a rail disaster decimated its downtown, Lac-Megantic sought Monday to honour both its past and future by inaugurating a long-planned memorial space at the site at the heart of the tragedy. On July 6, 2013, a runaway

News InsuranceMarkets / CoveragesRisk

Federal government accelerates phase out of rupture-prone rail tankers

September 19, 2018 The Canadian Press

OTTAWA – The federal government is speeding up the timelines for the removal of rupture-prone tank cars from Canadian railroads. Ottawa has taken steps to phase out certain types of tank cars following the deadly train derailment and explosions in

News InsuranceMarkets / Coverages

What have we learned from Lac-Megantic train derailment?

July 3, 2018 by Greg Meckbach

Nearly five years after a fatal accident in which a runaway freight train caught fire in Lac-Mégantic Quebec, the frequency of uncontrolled train movements is on the rise, the Transportation Safety Board of Canada warned Wednesday. “In 2017, there were

News ClaimsInsuranceLegislation / Regulation

MPs debate proposed rail safety laws

November 2, 2017 by Canadian Underwriter

Legislation mandating voice and video recorders in locomotives “needs to be better thought out” and it is not reasonable to deny shippers of toxic inhalation hazards access to a proposed long-haul rail interswitching mechanism, opposition members of parliament suggested this

News InsuranceMergers and Aqcuisitions

TSB releases proceedings on transportation safety summit

August 25, 2016 by Canadian Underwriter

Flow of risk-related information in an organization depends in part on “effective safety management processes,” the Transportation Safety Board of Canada noted in a release Thursday. TSB, which investigate incidents involving aviation, marine, rail and pipelines, announced Thursday the release