All the headlines from our Canada Topic Page, ordered by recency.
Aug 14 2013 // Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near Cleveland, Ohio.What happened next is a frightening case study of how vulnerable modern...
Aug 9 2013 // The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court on Thursday and took steps in that direction in a U.S. court as well.Montreal...
Aug 8 2013 // According to the latest Global Catastrophe Recap report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, the “strong thunderstorms” that “brought record...
Aug 5 2013 // The family of one of 50 people who died in a fiery Canadian oil-train explosion is suing the train’s Illinois owners.The wrongful death case was filed in Cook County Circuit Court on behalf of relatives of Jean-Guy...
Aug 1 2013 // Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad involved in the deadly crash in Lac-Megantic, Quebec, the company that chose the...
Jul 31 2013 // The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery explosion that killed at least 47 people in Canada this month.Officials began work on the...
Jul 31 2013 // Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its...
Jul 24 2013 // Industrial Alliance Insurance and Financial Services Inc., the best-performing Canadian insurer in the past year, plans to acquire a money manager in what would be the company’s biggest takeover.Industrial Alliance...
Jul 23 2013 // The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and continued...
Jul 23 2013 // Canadian P&C insurer Intact Financial said it expected quarterly results would be hurt by losses from a train derailment and fiery explosion in a Quebec town and storm and flood damage in Canada’s oil capital,...
Jul 22 2013 // Canadian investigators issued their first recommendations on Friday after a devastating train wreck in Quebec, urging that trains hauling dangerous goods not be left unattended, and pushing for stricter guidelines on...
Jul 18 2013 // French reinsurer SCOR Group announced that “the June flood event in Alberta, which resulted in mass evacuations of people from their homes and major disruption to the Central Business District of Calgary, may...
Jul 11 2013 // As investigators try to piece together how a parked oil freight train broke free and demolished the heart of a small Quebec town last weekend, a barrage of litigation could soon be hitting everyone from the U.S. rail...
Jul 10 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. has facilitated the launch of a Multi-Peril Crop Insurance (MPCI) product for Australian grain growers for the...
Jul 10 2013 // The oil-laden train that derailed and exploded in a small Canadian town on Saturday, possibly killing as many as 50 people, included a class of railcar whose vulnerability to leaks and deadly explosions was well known to...
Jul 10 2013 // Catastrophe modeling firm AIR Worldwide reports that “after days of heavy precipitation, a torrential thunderstorm on July 8th dropped an additional ten centimeters [app. 4 inches] of rain on Canada’s largest...
Jul 9 2013 // The short length of track, nestled in a dark pine and birch forest in Quebec, is a regular overnight stop for freight trains hauling crude oil and other raw materials across North America.Normally, before retiring for the...
Jul 7 2013 // At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil derailed and exploded in the center of a small Canadian town in a disaster that raised fresh questions about shipping oil by...
Jun 27 2013 // Companies operating major crude oil pipelines in Canada will be required to have C$1 billion ($954.97 million) available to fund clean ups from any spills, the Canadian government said on Wednesday.Joe Oliver,...
Jun 24 2013 // Power outages in the Canadian oil capital of Calgary could last for weeks or even months, city authorities said on Sunday, as record breaking flood waters moved downstream to threaten smaller communities in southeastern...