Keyword
Commercial Risk Management
Drone comes within 200 feet of airliner near LA airport
March 22, 2016 The Associated PressLOS ANGELES – A drone came within 200 feet of hitting a Lufthansa jet near Los Angeles International Airport on Friday – the latest run-in between aircraft and the increasingly popular unmanned flyers. The pilot of a Lufthansa A380 approaching…
Excessive steaming a factor in CNRL’s Primrose leaks: Alberta regulator
March 22, 2016 Lauren Krugel - THE CANADIAN PRESSCALGARY – Excessive steaming was one of the factors that caused more than one million litres of oily water to ooze to the surface at an eastern Alberta oilsands site nearly three years ago, an investigation by the Alberta Energy…
Regulatory scrutiny, economic conditions and cyber threats rank as top risks, new research shows
March 22, 2016 by Canadian UnderwriterMore organizations are realizing that additional risk management sophistication is warranted given the fast pace in which complex risks are emerging, according to a survey by global consulting firm Protiviti and the Enterprise Risk Management (ERM) Initiative at the North…
Millenials most likely to buy insurance online using tablets or mobile phones, but purchases via laptop/desktop computers remain dominant: Finaccord
March 22, 2016 by Canadian UnderwriterConsumers from the Millennial generation are more likely to buy insurance online using a tablet or mobile phone than their older counterparts, according to United Kingdom-focused research released on Tuesday by Finaccord, a market research, publishing and consulting company specializing…
2015 quiet in terms of global insured losses at US$30.5 billion, despite exceptionally strong El Nio: Guy Carpenter
March 22, 2016 by Canadian UnderwriterAlthough 2015 marked one of the strongest El Niño periods on record, it was a quiet year in terms of global insured losses, according to Guy Carpenter’s Global Catastrophe Review – 2015. The review, released on Tuesday, noted that there…
Cyber insurance growth expected to triple in a few years, rapid rise would be credit-negative: Fitch Ratings
March 22, 2016 by Canadian UnderwriterWhile cyber insurance growth is clearly on the rise – with 2015’s estimated US$3 billion in premiums possibly tripling in four years – the rapid expansion into standalone offerings brings with it concern the move could be credit-negative, suggests a…
Worldwide shipments of wearable devices expected to grow 38.2% by year-end from 2015: International Data Corporation
March 21, 2016 by Canadian UnderwriterWorldwide shipments of wearable devices are expected to reach 110 million by the end of 2016, with 38.2% growth over the previous year, according to information from International Data Corporation (IDC). An expanding lineup of vendors, combined with fast-growing consumer…
Institute for Catastrophic Loss Reduction to host workshop on hailstorms and hail damage on April 8
March 21, 2016 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on hailstorms and hail damage on Friday, April 8. The session, titled Understanding the Characteristics of Hailstorms and Hail Damage through Laboratory and Field Research, will only be…
Edmonton casino victim of cyberattack; employee, customer information stolen
March 21, 2016 The Canadian PressEDMONTON – Officials at an Edmonton-area casino are doing damage control after finding out they were the target of a cyberattack that put employee and customer information at risk. Over the weekend, computer systems at the River Cree Resort and…
Insurance costs more than six times greater for wood frame buildings than for concrete buildings, new study finds
March 21, 2016 by Canadian UnderwriterA new study of the property insurance costs for wood frame and concrete mid-rise residential buildings has found a substantial gap in the risks and insurance rates between the two building systems. The data for the Study of Insurance Costs…
Ottawa announces flood protection funding for small Ontario municipalities
March 21, 2016 by Canadian UnderwriterThe Ontario and federal governments announced Friday they will fund projects designed to reduce flood risk and help treat “environmentally harmful liquids” in small municipalities south of Sudbury. Both governments announced Friday funding for 13 projects under the Small Communities…
Global shipping losses down by 45% over a decade: Allianz Global Corporate & Specialty
March 21, 2016 by Canadian UnderwriterGlobal shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporate & Specialty (AGCS) fourth annual Safety and Shipping Review 2016, released on Monday. The shipping review, which analyzes…