Topic
Risk
$260 billion cleanup estimate based on ‘worst case’ scenario: energy regulator
November 5, 2018 Dan Healing - THE CANADIAN PRESSCALGARY – The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter…
Pollution Protection
November 3, 2018 Brooke SmithPollution claims can be spectacularly damaging when they happen, and they are often excluded from CGL commercial insurance policies. So why aren’t more contractors buying environmental insurance, and how can brokers reverse the trend?
Two-day hackathon seeks tech solutions to distracted driving, pedestrian safety
November 2, 2018 by Jason ContantDeveloping technology-based solutions to tackle distracted driving, pedestrian safety and house-to-house communication are the goals of an upcoming hackathon hosted by Canada’s second largest insurer and a technology start-up accelerator. Aviva Canada and OneEleven will host the Safer Neighbourhoods Hackathon…
Why speed bumps can be a double-edged sword
November 2, 2018 by Greg MeckbachPutting speed bumps on private laneways might help commercial clients manage traffic risk, but they need to paint those bumps properly to reduce liability risk. Madison Properties Inc. owns a shopping plaza in Toronto. Maria Pia Cannito tripped and fell…
How off-road vehicles impact commercial liability risk
November 1, 2018 by Greg MeckbachCommercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as…
Think your password has been stolen? Think again.
October 30, 2018 by Jason ContantBrokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years…
Man sues Tesla over crash during autopilot mode
October 30, 2018 Mike Schneider - THE ASSOCIATED PRESSORLANDO, Fla. – A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday.…
Study suggests bedrock stress a factor in fracking-caused earthquakes
October 29, 2018 Bob Weber - THE CANADIAN PRESSNew research is digging in to why fracking causes earthquakes in some areas but not in others. A paper published Monday in Geophysical Research Letters suggests the likelihood of an artificial earthquake is heavily influenced by how stable the ground…
Supreme Court limits when accused drunk drivers can get breathalyzer logs
October 26, 2018 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top court has set new limits for defendants trying to beat a drunk-driving charge in a ruling that may have consequences for anyone accused of being high behind the wheel. What the Supreme Court of Canada laid…
4 ways AI can improve your performance
October 25, 2018 by Jason ContantArtificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,…
The special insurance needs of art collectors
October 24, 2018 by Greg MeckbachA recent prank by an anonymous street artist shows that collectibles – which require special insurance – can become more valuable if they are damaged. “Normally when a piece of art is damaged, it would drop in value,” Kelly Juhasz,…
Why you might need an investment banker to help place commercial insurance
October 24, 2018 by Greg MeckbachIf your mid or large-sized commercial clients are involved in mergers and acquisitions, there are risks involved and insurance to address those risks, but it’s not like selling fire insurance. “It is not a simple case of saying, ‘Fill out…