Claims
The government of Newfoundland and Labrador has announced a plan for greenhouse gas (GHG) emissions reductions that involves monitoring to help form reduction targets. The Government of Newfoundland and Labrador’s Executive Council said in a press release on Tuesday that GHG emissions from industrial emitters will be reduced and a new fund for clean technology […]
By Canadian Underwriter | June 9, 2016
2 min read
Everyone needs to be trained in business continuity management, and the importance of managing expectations is one lesson learned during the major floods in 2013 in southern Alberta, speakers suggested Tuesday at the World Conference on Disaster Management. “Exercising is key to any strong program in business continuity management,” said Christopher Horne, assistant vice president […]
By Jason Contant | June 8, 2016
3 min read
EDMONTON – Premier Rachel Notley’s government used its majority in the legislature Tuesday to pass legislation that includes a carbon tax and completes the first stage of Alberta’s landmark strategy to combat climate change. The legislation gives legal teeth to the multibillion-dollar tax that is to take effect Jan. 1 and will raise the price […]
‘Nuisance flooding’ exceeded trends and broke records, especially in the southern United States and Gulf Coast, possibly due to a strong El Niño compounding already rising sea levels, the National Oceanic and Atmospheric Administration (NOAA) said on Wednesday. The frequency of nuisance tidal flooding in many U.S. cities increased as predicted for the 2015 meteorological […]
By Canadian Underwriter | June 8, 2016
Global disasters in May led to at least US$7 billion in claims, including anticipated insured losses in excess of US$3.1 billion from the Fort McMurray wildfire, according to Aon Benfield’s Global Catastrophe Recap for May. The Global Catastrophe Recap report, released on Wednesday, noted that insured losses – including physical damage and business interruption – […]
Social media can serve as an important tool in a scattergun approach that helps the public to be better informed, further engaged and more prepared in the event of an emergency or disaster, suggests Melanie Irons, PhD, psychology lecturer with Charles Darwin University in Australia. “I think social media needs to be seen as a […]
6 min read
CALGARY – The University of Calgary says it paid a ransom of $20,000 demanded after a recent cyberattack. The school says in a news release that staff were able to isolate some of the attack and are working to ensure its computer systems are operational. It says there’s no indication that any personal data was […]
By The Canadian Press | June 8, 2016
1 min read
TORONTO – Ontario’s action plan on climate change will include financial incentives to get cleaner, more efficient cars and trucks on the roads and to convince homeowners and businesses to lower their carbon footprints, The Canadian Press has learned. The plan, scheduled to be released on Wednesday, calls for government spending of $5.9 billion to […]
By Jason Contant | June 7, 2016
Almost half of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks, according to research from Mimecast Limited, an email and data security company. Research from the company into the growing cyber insurance industry and evolving email attack techniques found that 45% of firms with cyber […]
By Canadian Underwriter | June 7, 2016
Texas, still drying out from one of its wettest springs on record, received additional heavy rainfall during the last two weeks, causing major flooding throughout the state, catastrophe modelling firm AIR Worldwide said on Monday. AIR Worldwide said in a media advisory that areas around Austin, San Antonio, Houston, College Station and Dallas were significantly […]
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