Topic Risk Managers
COVID 19: Crews aboard cargo ships being denied shore leave for longer periods
April 9, 2020 by Michael MacDonald - THE CANADIAN PRESSHALIFAX – Though international shipping lanes and Canada’s major ports remain open for business, the COVID-19 pandemic is making life miserable for many seafarers. Under the latest rules, Canadian crews aboard most Canadian-flagged cargo vessels have agreed not to leave…
What to tell ‘non-essential’ clients who are closing their workplaces
April 8, 2020 by Greg MeckbachIf your clients are temporarily closing because of the COVID-19 pandemic, this might be a good time for them to undertake some repairs and let the fire department know they are reducing on-site staff, advises commercial insurer FM Global. “Countless…
Head of RBC says not to expect quick economic recovery from COVID-19
April 8, 2020 by The Canadian PressTORONTO – The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought. CEO Dave McKay said Wednesday that the depths of the challenge…
Business, interrupted
April 3, 2020 by Brooke Smith, Freelance WriterBusinesses can lose revenue in any number of ways. Increasingly, they can be shut down for political risks that are beyond the company’s control. Examples of emerging business interruption risks include trade wars, armed conflicts, or political protests. As businesses…
Governments looking at further restrictions on people and businesses
April 2, 2020 by Colin Perkel - THE CANADIAN PRESSTORONTO – An already grim economic and employment toll looked set to worsen Thursday as authorities pondered further tightening restrictions on people and businesses aimed at curbing the spread of the COVID-19 pandemic. Prime Minister Justin Trudeau said too many…
Why insurers can expect to see a surge in demand for pandemic BI coverage
April 1, 2020 by Greg MeckbachYour commercial clients could start asking for business interruption insurance that includes pandemic, if they have not already, a human resources lawyer says. “I think after this pandemic, most companies would probably be well-advised to take a look at their…
Sticker Shock
April 1, 2020 by Greg Meckbach, Associate EditorHow will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment
Employers will have to show they prepared workers to avoid breaches, lawyer says
April 1, 2020 by David Paddon - THE CANADIAN PRESSTORONTO – Amid the mass transition to remote working as a result of the COVID-19 pandemic, most employers are likely focused on operational issues in order to get their employees up and running in their new home offices. However, in…
Marriott says new data breach affects 5.2 million guests
March 31, 2020 by Dee-Ann Durbin - THE ASSOCIATED PRESSMarriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have…
Pandemic bonds: The financial cure we need for COVID-19?
March 30, 2020 by 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. Authors: Dror Etzion, Associate Professor, Strategy and Organizations, McGill University; Bernard…
Web conferencing platforms at risk of being lure for phishing emails: consultant
March 27, 2020 by David Paddon - THE CANADIAN PRESSTORONTO – With the use of web-based video conferences proliferating during the COVID-19 crisis, cyber security experts warn they pose a threat as well as an opportunity in the age of telework. “In the past, we have seen certain teleconferencing…
Carshare service to be suspended due to coronavirus outbreak
March 26, 2020 by Jason ContantTORONTO – Enterprise Holdings Inc. says it will suspend its carsharing service starting Friday because of the coronavirus pandemic. The car rental agency says that its CarShare program will close indefinitely to “ensure the safety of our community.” The service…