Topic Risk Managers
Is the ‘awesome time’ for cyber clients coming to an end?
January 30, 2020 by Greg MeckbachRisk managers accustomed to a buyer’s market for commercial cyber insurance might discover soon the party is over. “We are starting to see rates harden,” Lindsey Nelson, U.K. and International Cyber Team Leader for CFC Underwriting, said Thursday. She was…
Can the Novel Coronavirus illness trigger P&C policy coverage?
January 30, 2020 by David GambrillNews of three documented Canadian cases of 2019 Novel Coronovirus (or 2019-nCoV) has spread like wildfire, and several legal commentators and risk managers are now issuing alerts containing steps to reduce the likelihood of people contracting the pneumonia-like symptoms in…
Bureaucratic hurdles hampered federal flood prevention program: audit
January 30, 2020 by The Canadian PressOTTAWA – A federal review says the government had trouble spending half of the $184 million earmarked to prevent flood damage in Canadian communities. A newly released evaluation report says the National Disaster Mitigation Program’s effectiveness was hindered by scheduling…
This commercial line’s hard market has reached ‘crisis’ point
January 29, 2020 by Greg MeckbachThe difficulties some condominium corporations are having in finding insurance has reached a “crisis” Canada-wide, a lawyer told a committee of Ontario legislators looking at proposed changes to the province’s condominium law. “We’re facing a condominium insurance crisis across the…
Ride-hailing in Vancouver area detours to courts
January 29, 2020 by The Canadian PressRide-hailing is common in many major Canadian cities, but the long-awaited arrival of Uber and Lyft in Metro Vancouver last week has produced lawsuits and a vow by Surrey’s mayor to keep the companies’ drivers off the streets. Premier John…
What happens if a condo client’s marijuana use offends the neighbours?
January 28, 2020 by Greg MeckbachWith the legalization of recreational cannabis, what happens when there is a dispute between neighbours in a condominium and how does a condo corporation or board handle it? A lot of condominium corporations have passed rules around odours, says Armand…
Saskatchewan posts lowest number of road fatalities since records started
January 27, 2020 by The Canadian PressREGINA – Saskatchewan’s Crown insurer says fewer people were killed on the province’s roads in 2019 than in any year since records started being kept in the 1950s. Saskatchewan Government Insurance says preliminary statistics indicate 71 people were killed in…
How blockchain could prevent future data breaches
January 23, 2020 by Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead of Blockchain@UBC, University of British Columbia - 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: Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead…
How cyber threats grew from afterthought to top global concern
January 21, 2020 by Adam MalikThe threat of a cyber incident was a distant concern for companies around the world just seven years ago. It ranked 15th back then on a list of major business concerns, according to the annual Allianz Risk Barometer report. Today,…
Edmonton fire chief says people must adapt to more wildfires
January 21, 2020 by Bob Weber - THE CANADIAN PRESSEDMONTON – In a few weeks, Ken Block will hang up his uniform as head of Edmonton Fire Rescue and head Down Under to assume command of 5,000 firefighters in Australia. “I’m really looking forward to getting over there,” the…
Why green concerns have experts seeing red
January 20, 2020 by Adam MalikThe World Economic Forum is sounding the alarm that the top most-likely global risks are all environment-related. In the group’s 15th annual Global Risk Report, survey respondents listed their Top 5 most-likely top global risks in 2020: extreme weather climate…
Google CEO calls for regulation of artificial intelligence
January 20, 2020 by Kelvin Chan - THE ASSOCIATED PRESSLONDON – Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits…