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Topic Risk Managers

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Why insurance regulators’ council wants to stop best-terms pricing

December 3, 2021 by Greg Meckbach

If you are still placing subscription policies using best-terms pricing, you should stop, the Canadian Council of Insurance regulators suggests. “Fair and transparent pricing is essential to a successful marketplace and CCIR Members expect insurers and brokers to cease BTP

News B.C.CatastrophesClaimsClaims Canada ArchiveLoss TrendsOperationsRisk Managers

CN looks to reopen tracks in southern B.C. this weekend after second network shutdown

December 3, 2021 by THE CANADIAN PRESS

MONTREAL – Canadian National Railway Co. says it aims to reopen its network in southern British Columbia this weekend after another bout of rain and wind prompted a second shutdown. CN said Friday that engineers and construction crews continue to

News B.C.BrokersCommercialManagementRisk Managers

Who is now leading Willis Towers Watson Canada

November 30, 2021 by Greg Meckbach

Laura Samaroo (pictured, above) is the new Canadian region leader for Willis Towers Watson PLC, the Dublin-based brokerage announced Tuesday. Samaroo is based in Vancouver. She had been Willis Towers Watson’s Western Canadian market leader and Canada co-leader until being

News B.C.CatastrophesClaimsClaims Canada ArchiveLoss TrendsPersonal HomePropertyRisk Managers

More flood warnings, watches issued in B.C. as province braces for third rainstorm

November 29, 2021 by THE CANADIAN PRESS

VANCOUVER – Flood warnings are posted for a section of British Columbia’s southern Interior and flood watches or high water advisories cover large parts of the province, as it deals with the consequences of a second major rainstorm in as

News Business InterruptionLiabilityLoss ControlRisk Managers

Mid-sized business leaders cite ‘customized risk management advice’ as top need for reducing exposure

November 5, 2021 by Canadian Underwriter Staff

Customized risk management advice ranks highest among the top needs of mid-sized businesses to reduce their risk exposure, a new survey found. The findings suggest there’s an opportunity for brokers and risk managers to deepen risk management conversations with clients.

News BrokersCommercialOntarioRisk Managers

Brooke Hunter elected to UNIBA Partners board

November 4, 2021 by Greg Meckbach

Canadian commercial brokerage CEO Brooke Hunter is now on the board of UNIBA Partners, a Brussels-based organization. UNIBA, which operates in more than 130 countries, announced Hunter’s election Wednesday. UNIBA is comprised of more than 70 independent, owner-led brokers. In

News B.C.CommercialEmerging RisksRisk Managers

B.C. auditor calls for better fraud risk measures at public sector organizations

November 3, 2021 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Public sector organizations in British Columbia must do more to strengthen their fraud risk assessment and management practices, says auditor general Michael Pickup. A survey of 140 public sector organizations, including ministries, Crown corporations and post-secondary institutions, found

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Eagle Underwriting gets acquired, keeps own brand

October 26, 2021 by Greg Meckbach

Managing general agent Eagle Underwriting Group Inc. has been acquired by GroupAssur, private equity firm Novacap Management Inc. announced Tuesday. “With Eagle, the objective was to get a broader spectrum of product,” said Jean-François Raymond, president of Montreal-based GroupAssur, in

News Business InterruptionCommercialInsurersRisk ManagersSupply Chain

Risk management more important than ever to middle market firms, yet few turn to brokers for advice: Chubb report

October 22, 2021 by Canadian Underwriter Staff

Risk management has become a top concern for middle market companies surveyed following more than a year of pandemic and other related business disruption, data from Chubb has shown. According to Chubb’s Middle Market Indicator for Q2 2021, which surveyed

News B.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLegalLiabilityLoss ControlRisk Managers

Why this city owes duty of care in $1 million personal injury lawsuit

October 21, 2021 by Greg Meckbach

A Supreme Court of Canada ruling released Thursday means a British Columbia municipality is facing a new trial, in a $1-million lawsuit, filed by a woman who was seriously injured after parking her car after a snowstorm. In City of

News ClaimsClaims Canada ArchiveCommercialNova ScotiaRisk Managers

How coffee whitener and aluminum dust can pose a fire risk

October 19, 2021 by Greg Meckbach

Clients could be surprised at the fire and explosion risk to which they are exposed if they are in the 3D printing business or produce dust of any kind. “It is easier to name the dusts that are not explosible

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLegalLiabilityQuebecRisk Managers

Why the Supreme Court of Canada validated this limitation-of-liability clause

October 15, 2021 by Greg Meckbach

A software consulting firm that was sued in Quebec for $6.25 million can rely on a limitation of liability clause in its consulting and integration contract, the Supreme Court of Canada ruled in a decision released Friday. In 6362222 Canada