Topic
Risk
Bank of Canada raises interest rate, signals future hikes
October 24, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada raised its trend-setting interest rate Wednesday and sent signals that future hikes could be upon Canadians sooner than previously expected. With a big source of trade uncertainty finally out of the way, the central…
How rotating postal strikes are affecting these major insurers
October 23, 2018 by Jason ContantAfter much hand-wringing about the impact of a postal strike on the insurance industry, rotating strikes by Canada Post workers have seemed to have had little impact on major insurers. Aviva Canada told Canadian Underwriter Tuesday the immediate impact of…
Waitress who refused sexual advances from boss awarded $52,000
October 23, 2018 Peter Rakobowchuk - THE CANADIAN PRESSMONTREAL – A waitress who was harassed after refusing sexual advances from the owner of a Montreal restaurant has been awarded $52,000 by a Quebec labour relations tribunal. In a decision this month, the tribunal found Anissa Berrad had been…
The cannabis myth that CAA is trying to debunk
October 22, 2018 by Greg MeckbachA recent experiment in Montreal shows that people who smoked a small fraction of a joint were much riskier drivers than if they drove sober, the Canadian Automobile Association suggests. CAA funded a study at the Research Institute of the McGill University Health…
Three strong earthquakes reported off Canadian coast
October 22, 2018 The Canadian PressThree relatively strong earthquakes were recorded Sunday night in the Pacific Ocean off Vancouver Island. The U.S. Geological Survey reported a 6.6 magnitude quake about 260 kilometres west of Tofino, followed by a 6.8 tremor and then a third measuring…
Where the next big cyberattack could come from
October 17, 2018 by Jason ContantCyber extortionists will soon likely gravitate toward attacks on global or shared infrastructure, a cybersecurity expert predicts. From a cyber insurance perspective, brokers should highlight that the coverage helps organizations manage the risks they can control, as well as the…
This province to see stiffer penalties for distracted driving
October 17, 2018 The Canadian PressWINNIPEG – Manitoba drivers who use a hand-held cellphone behind the wheel will face stiffer penalties as of Nov. 1. Fines will jump to $672 from $203, and the number of demerit points will increase to five from two. Drivers…
Winter tire program has kept auto rates in check, insurer reports
October 15, 2018 by Jason ContantManitoba Public Insurance (MPI) is continuing its low-interest Winter Tire Program, which has helped keep provincial auto insurance rates in check, the public insurer said last week. Prior to the introduction of the program four years ago, Manitoba had one…
Why feds don’t call bitcoin a currency
October 15, 2018 by Greg MeckbachOne of the biggest risks posed by blockchain-based currencies is financing of terrorism and it is reasonable to ask whether there should be tighter regulation of this technology, federal finance minister Bill Morneau told a Senate committee. Bitcoin is one…
Filling hydro dams in Quebec causing small earthquakes
October 14, 2018 Stephanie Marin - THE CANADIAN PRESSMONTREAL – Filling the reservoirs of Quebec’s hydroelectric dams has sometimes caused small earthquakes – a process that doesn’t seem to have occurred elsewhere in Canada, according to a seismologist who has studied the phenomenon. Maurice Lamontagne says it’s still…
The industry that’s shopping for cyber insurance
October 11, 2018 by Greg MeckbachBrokers looking for new large cyber accounts might want to knock on doors of companies who look after other people’s money. More than half (55%) of Canadian asset managers surveyed said they intend to purchase insurance to protect themselves against…
Irving oil explosion raises residential safety concerns
October 9, 2018 Hina Alam - THE CANADIAN PRESSOil refineries and other large industrial operations that are surrounded by residential communities need to work harder to ensure safety and protect their own bottom lines, multiple experts say. A massive refinery blast shook Saint John, N.B., on Monday, sending…