Claims

Fort McMurray #468 First Nation selected by SPECS to carry out wildfire debris removal Fort McMurray #468 First Nation selected by SPECS to carry out wildfire debris removal Image

Claims

Fort McMurray #468 First Nation selected by SPECS to carry out wildfire debris removal

The Insurance Bureau of Canada (IBC) has announced that Fort McMurray #468 First Nation has been selected by Specialized Property Evaluation Control Services Ltd. (SPECS) to carry out the coordinated demolition and debris removal initiative following the Fort McMurray wildfire. “This is an important component of the recovery and rebuilding process, and insurers look forward […]

By Canadian Underwriter | July 18, 2016

2 min read

AIR Worldwide announces new global resilience practice AIR Worldwide announces new global resilience practice Image

Claims

AIR Worldwide announces new global resilience practice

Catastrophe modelling firm AIR Worldwide announced on Monday that it has formed a “global resilience practice,” a new function to support risk reduction and resilience initiatives across the globe. “These initiatives are aimed at developing solutions that aid society’s efforts to better prepare for and recover from catastrophes,” said a press release from Boston-headquartered AIR […]

By Canadian Underwriter | July 18, 2016

2 min read

Common-law right to dismiss federally-regulated employees without cause ‘completely replaced’ by Canada Labour Code: Supreme Court Common-law right to dismiss federally-regulated employees without cause ‘completely replaced’ by Canada Labour Code: Supreme Court Image

Claims

Common-law right to dismiss federally-regulated employees without cause ‘completely replaced’ by Canada Labour Code: Supreme Court

Canadian employers regulated by the federal government do not have a common-law right to dismiss non-unionized workers without cause, even if they give those employees notice and/or severance pay, the Supreme Court of Canada suggested in a ruling released Thursday. Industries affected include banks, telecommunications, railways, airlines, pipelines and broadcasting. In ruling against Atomic Energy […]

By Canadian Underwriter | July 16, 2016

5 min read

Companies need to come clean about climate change risk, Mark Carney says Companies need to come clean about climate change risk, Mark Carney says Image

Claims

Companies need to come clean about climate change risk, Mark Carney says

TORONTO – Only about one-third of the world’s 1,000 largest companies provide effective disclosure of the risks they face due to climate change, Bank of England Governor Mark Carney said Friday. Lack of full disclosure, Carney said, makes it difficult for investors, creditors and regulators to assess who is on top of the increasingly critical […]

By Canadian Underwriter | July 15, 2016

3 min read