Risk

AIG re-enters Lloyd’s business with $5.56-billion deal

Less than two years after Canada Pension Plan Investment Board bought Lloyd’s underwriter Ascot Underwriting from American International Group Inc. (AIG), AIG plans to get back into the Lloyd’s business again. AIG announced Monday a US$5.56-billion agreement to acquire Validus Holdings Ltd., a Hamilton, Bermuda-based firm which is in the reinsurance, commercial primary and crop […]

By Greg Meckbach | January 23, 2018

2 min read

Tsunami fears send people in B.C. to higher ground

VANCOUVER – A tsunami warning issued for coastal British Columbia was cancelled Tuesday morning after people living along parts of the province’s coast evacuated to higher ground when a powerful earthquake struck off Alaska. Residents in some coastal communities were woken by warning sirens shortly after the quake with a magnitude of 7.9 struck at […]

By Jason Contant | January 23, 2018

3 min read

Risk management still a concern post-Lac Mégantic

Risk management continues to be an issue for major Canadian railways, the Transportation Safety Board of Canada (TSB) said Wednesday in an investigation report into a freight train collision in Alberta. The report came just days before a jury acquitted three former Montreal, Maine and Atlantic (MMA) railway employees charged with criminal negligence causing death […]

By Greg Meckbach | January 22, 2018

2 min read

Study defines link between fracking, earthquakes in northern Alberta

EDMONTON – Scientists have figured out how hydraulic fracking causes earthquakes in northern Alberta, but they have a way to go before they can use that knowledge to predict if it will cause temblors in other areas. “Right now, there isn’t a good solution for how to do that with induced earthquakes,” said Ryan Schultz […]

By Jason Contant | January 18, 2018

3 min read