Claims
OTTAWA – The Liberal government is defending its conditional approval of a massive liquefied natural gas project in northern British Columbia by pointing to what it calls a “historic partnership” on monitoring environment impacts. But critics are accusing Prime Minister Justin Trudeau of policy incoherence as his government promises to ratchet down greenhouse gas emissions […]
By Canadian Underwriter | September 29, 2016
2 min read
OTTAWA – A new government report says that by the end of this century a changing climate is expected to at least double the area burned each year by forest fires in Canada. The 2015 annual forest assessment by Natural Resources Canada says a warming climate will contribute to a 50 per cent increase in […]
By Jason Contant | September 28, 2016
3 min read
The Fort McMurray wildfire may have been an “earnings event” for the largest insurers in Canada’s property and casualty industry, but that was not the case for some smaller regional writers, notes the newly released MSA Quarterly Outlook Report for Q2-2016. “It was definitely a capital, if not an existential one, as reinsurance limits were […]
By Canadian Underwriter | September 28, 2016
Two Canadian companies have entered into a global preferred service provider agreement that will bring “affordable and reliable” British Columbia-developed earthquake early warning system (EEWS) technology to countries with high seismic risk that currently do not have proven systems in place to protect lives in the event of a major earthquake. Vancouver-based Weir-Jones Engineering Ltd., […]
MORGAN HILL, Calif. – A heat wave stifling drought-stricken California worsened a wildfire Tuesday that burned buildings and forced people from their homes in remote communities along the Santa Cruz Mountains. The blaze in a rugged area about 30 miles south of San Jose destroyed two houses and charred more than 3 square miles of […]
Typhoon Megi has caused “widespread transport disruption” in Taiwan and left four million people without a water supply but insured building stock in Taiwan is “typically designed to withstand typhoons gusts,” Risk Management Systems Inc. said in a report released Tuesday. The typhoon made landfall at about 8:00 a.m. Greenwich Mean Time (3:00 a.m. Eastern […]
By Canadian Underwriter | September 27, 2016
High-flow measurements on two rivers in eastern Iowa are higher than any level since 2008 in several locations, the U.S. Geological Survey (USGS) said on Monday, as residents of the city of Cedar Rapids braced for near-record floodwaters. USGS field crews are measuring flooding on the Cedar River at Palo and Cedar Rapids as well […]
Just shy of a third of executive mobile devices were exposed to network attack during the second quarter of 2016 and almost as high a percentage were infected with malware, leaving valuable, sensitive data vulnerable to cyber criminals, notes a new report issued Tuesday by California-based Skycure. Mobile “devices have a combination of apps with […]
4 min read
LONDON – As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While it’s unknown to what extent the stolen data has been or will be circulating, giant […]
By Jason Contant | September 27, 2016
OTTAWA – Environment Minister Catherine McKenna has a final environmental assessment of the Pacific NorthWest LNG project in hand, with the federal Liberal cabinet set to meet Tuesday in the national capital. A decision from the Liberal government on the proposed $36-billion project in northern British Columbia must be made no later than next Monday. […]
By Jason Contant | September 26, 2016
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