“We have to focus on our core underwriting results. If your core underwriting is not performing the way it needs to be, then the rest of it is moot,” says The Co-operators President and CEO Kathy Bardswick.
La Niña to cause extreme temperature swings, windier conditions than usual
Only 11 of the 88 top insurers in the U.S. said they have formal policies in place to deal with growing climate change risks
On Saturday, March 26 at 8:30 P.M. (local time), households across the world will power down for an hour, turning off their lights to recognize Earth Hour. On Earth Hour in 2010, 1.3 billion people in 128 countries and territories – including 10 million Canadians in over 300 communities – took part. This year, the [...]
According to a new study commissioned by the Ontario Science Centre, 76 per cent of Canadians feel that natural disasters are occurring more frequently and also believe that climate change will lead to more serious occurrences in the future. Ironically, despite this concern, one in three Canadians say they do not know what supplies they [...]
Climate change is a hot topic for insurers across the globe. Prior to the current UN climate summit in Cancun, business leaders asked governments and policymakers to deliver significant progress in CO2 reduction. The appeal is repeated annually, based on the lack of progress of both the world’s major industrial powers and the emerging countries [...]
Climate change, economic development and land subsidence risks could cost communities along the US Gulf Coast over USD $350 billion in cumulative economic losses over the next 20 years, concludes a new study by Entergy Corporation. Wind and storm surge damage already amounts to an average USD $14 billion per year in the region, according [...]
Climate change could significantly increase the risk of hurricanes and storms in the Caribbean and threaten future development in the region, concludes a new study released by the Caribbean Catastrophe Risk Insurance Facility (CCRIF). Damage from wind, storm surge and inland flooding already amounts to 6% of GDP per year in some countries, according to [...]
The first half of 2010 was the warmest period since meteorological records began in 1880, says Munich Re. Germany experienced its fourth warmest July, with temperatures averaging 20.2°C, which is 3.3°C higher than the climatological average (16.9°C). The consequences were all too evident: unable to cope with the heat, the air-conditioning broke down on a [...]
Half of Canadian small business owners (52 per cent) currently have (46 per cent) or are considering (six per cent) implementing a green plan or environmental policies for their business, according to an RBC small business survey. Small businesses that already have a plan or policies in place are more likely to concentrate on reducing [...]
Intact Financial Corporation and the University of Waterloo are launching a new research project that will identify the most appropriate initiatives and action plans that governments, businesses and civil society could undertake to better adapt to the potential impacts and consequences of climate change on Canada’s ecological systems, its social fabric and the economy. Adaptation [...]
View the video here on your mobile device. For many, it was the summer of our discontent. Record temperatures hit parts of the west while rain and cooler days were too common in the rest of the country. When Environment Canada released its list of top weather stories of the year, the summer and its [...]
