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Climate change and the impact on industry insurance

Guest Craig Stewart, vice-president of climate change and federal issues at the IBC

The 360 on Energy and Carbon podcast is meant to inform and discuss topics with those who are curious about the energy and carbon industry. Whether you are a business owner, an executive, a young professional or just a general podcast listener, we hope you leave with a better understanding of the industry after each episode.

This podcast is co-hosted by David Arkell, president and CEO of 360 Energy, and John Pooley, vice-president of program development at 360 Energy, moderated by Lysandra Naom and edited by Alana Arkell.

In this episode, the hosts discuss the steps the insurance industry takes to limit its exposure to climate change. They explain the difference between adaptation and mitigation, and explore how these strategies can help insurance companies mitigate their risk.

The hosts also delve into how an organization can work with its insurer to minimize premiums while still maintaining good coverage. They emphasize the importance of being transparent with insurers about the steps an organization is taking to mitigate its climate risks, such as investing in renewable energy or implementing climate-friendly policies.

They also highlight the benefits of working with an insurance broker who can help navigate the complex landscape of insurance policies and negotiate better rates for their clients.

This episode provides valuable insights for individuals and organizations on how best to protect themselves against the risks of climate change and work collaboratively with the insurance industry to achieve this goal.

Guest Speaker - Craig Stewart, vice-president of climate change and federal issues at the IBC

Craig Stewart leads national work on disaster resilience and climate change at the Insurance Bureau of Canada (IBC) - the industry association representing Canada's property and casualty insurance industry.

IBC’s members employ over 122,000 Canadians and paid out $9.8 billion in property claims in 2016, primarily due to severe weather and wildfire.

Previous to his work with IBC, Craig directed the Ottawa Bureau and Arctic program for WWF Canada, handled pandemic liaison, trade liaison and humanitarian donations for GlaxoSmithKline (Canada) Ltd., directed a $60-million federal, provincial and territorial program at Natural Resources Canada to elevate the Canadian geospatial industry and founded the Miistakis Institute at the University of Calgary.  

Craig holds a master of science degree from the University of Calgary, and a bachelor of arts in political science from the University of Toronto. He is the author of two atlases on the Rocky Mountains of Alberta, British Columbia and Montana.

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