What’s New: In brief (December 13, 2006)

Allstate Insurance Company of Canada is serving as the title sponsor for MADD Canada’s annual holiday season campaign for safe and sober travel — Project Red Ribbon.”Allstate is extremely proud to be partnering with MADD Canada again to get the message out and raise awareness about safe and sober driving this holiday season,” said Mike Donoghue, Allstate president and CEO.This is the 19th consecutive year that the firm has provided $10,000 to support the campaign and distribute red ribbons nationally.Allstate’s 440 agents across Canada were provided with ribbons, posters and coin boxes to help promote the campaign.

The risk of the city of New Orleans flooding will continue to grow in the 21st century, according to a Risk Management Solutions report.In framing the debate for New Orlean’s future, the report signals to those who hold a stake in the future of the city including insurance and government officials.”They must plan for a future that will undoubtedly be more hazardous than in the past,” the report concludes. The threat of flooding continues to increase due to a combination of three physical factors: The city’s location on thick delta sediments along the edge of an oceanic basin is causing it to sink at “geologically rapid rates”; global sea level continues to rise, due to climate change; and the level of Atlantic basin hurrican activity has risen, especially in and around the Gulf of Mexico.