Topic
Risk
Why the Fort McMurray wildfire wasn’t worse
December 10, 2019 by Jason ContantA young, mobile population with strong safety training contributed to a successful evacuation during Canada’s costliest disaster three years ago in Fort McMurray, Alta., an author said recently at Insurance Bureau of Canada’s (IBC) inaugural Commercial Insurance Symposium. “Most work…
Why brokers need to change cyber talking points for each client
December 6, 2019 by Jason ContantBrokers need to focus their cyber insurance selling efforts on more than just traditional privacy risks and tailor them to specific industries, a specialist insurer said Wednesday. “Cyber is about way more than just privacy and if you explain to…
Growth in data breaches shows need for government regulations
December 5, 2019 Michael Parent, Professor of Management Information Systems, Simon Fraser University - THE CANADIAN PRESSThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Michael Parent, Professor of Management Information Systems, Simon Fraser University…
Brokers tackle distracted driving with social media campaign
December 4, 2019 by Jason ContantInsurance Brokers Association of Canada (IBAC) and Canada Safety Council (CSC) have teamed up for a new social media-led campaign timed to coincide with Distracted Driving Week, which runs until Dec. 7. The campaign focuses on two key distracted driving…
Trade conflicts and uncertainty remain a key risk: Bank of Canada
December 4, 2019 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk. The central bank’s overnight rate target has…
Do winter tires really make for safer roads?
December 2, 2019 Giuseppe Valiante - THE CANADIAN PRESSMONTREAL – For the past several weeks Quebec drivers have been in a race against time to equip their cars for winter or face steep fines. While the majority of Canadian drivers install winter tires for the cold season, according…
Why there needs to be a refresh of policy triggers for this E&O coverage
November 29, 2019 by Jason ContantThere needs to be a complete refresh and rethink of policy triggers for healthcare liability insurance to make sure it’s up to speed for the digital age, a specialist insurer said. With traditional insurance for medical malpractice, a type of…
Pilot project will see e-scooters on Ontario roadways
November 27, 2019 The Canadian PressTORONTO – Ontario is starting a five-year pilot project beginning Jan. 1 to allow e-scooters on roads. The two-wheeled, motorized vehicles are currently illegal to operate anywhere in the province other than on private property. The pilot will let municipalities…
3 ways to motivate sales staff without stressing them out
November 26, 2019 by Jason ContantIf you are a broker producer, principal or customer service representative – or in any other sales job for that matter – you have likely have a sales target to meet. But instead of just dialing up the pressure on…
Ransomware’s latest victim: a child welfare authority
November 25, 2019 The Canadian PressHEADINGLEY, Man. – An Indigenous child welfare authority in Manitoba has called in the RCMP after being hit by a cyberattack that’s corrupted its computer files and potentially compromised the privacy of its clients. Southern First Nations Network of Care…
What the Bank of Canada sees as “transition risks”
November 22, 2019 Ian Bickis - THE CANADIAN PRESSTORONTO – Bank of Canada governor Stephen Poloz wasn’t asked about climate change risks at a discussion about economic change and emerging risks on Thursday, so he brought them up himself. “It’s about the transition risk, right, as everyone’s portfolio…
Ontario brewery loses $2.1 million in cyber attack
November 21, 2019 The Canadian PressKITCHENER, Ont. – Waterloo Brewing Ltd. says it has lost $2.1 million in what it calls a social engineering cyberattack. The Ontario brewery says the incident occurred in early November and involved the impersonation of a creditor employee and fraudulent…