Topic Risk Managers
LifeLabs says data of up to 15 million customers compromised in cyberattack
December 18, 2019 by Ross Marowits and David Paddon - THE CANADIAN PRESSTORONTO – Government privacy commissioners are investigating a data breach at LifeLabs, one of Canada’s largest medical services companies, after hackers gained access to the personal information of up to 15 million customers. Most of its customers are in B.C.…
Could CGL policy have to cover this dry cleaning pollution claim?
December 17, 2019 by Greg MeckbachA coverage dispute over pollution exclusions might bring two of Canada’s largest insurers before the Supreme Court of Canada. West Van Lions Gate Cleaners Ltd. has operated a dry cleaners in Vancouver since 1976. Until 1999 an automotive repair business…
Privacy czar finds gaps in federal party policies on personal information
December 16, 2019 by Jim Bronskill - THE CANADIAN PRESSOTTAWA – The privacy policies of all the major federal political parties failed to ensure people gave valid consent to the collection and use of their personal information, concluded an analysis by the federal privacy commissioner. The policies also fell…
Ontario passes bill to join opioid class action lawsuit launched by BC
December 13, 2019 by Shawn Jeffords - THE CANADIAN PRESSTORONTO – Ontario is joining five other provinces in a class-action lawsuit against opioid manufacturers in a bid to recoup costs the government alleges can be directly attributed to the overdose crisis. The province passed legislation late Wednesday allowing it…
Why the auditor red-flagged a government agency’s cloud computing risk management practices
December 12, 2019 by Greg MeckbachHere is a textbook example of how your cyber clients should not be managing their risks, according to Alberta’ auditor general. The province’s auditor red-flagged the example of Travel Alberta Corporation, a provincial agency that moved most of its software…
How to stop distractions from derailing your work
December 12, 2019 by Jason ContantIf you find yourself exhausted at the end of the day at your brokerage and yet feeling like you didn’t actually accomplish anything, you’re not alone. It’s likely because you’re distracted, either by others or yourself. “Constant distraction leaves a…
Collisions with power poles on the rise: BC Hydro
December 12, 2019 by The Canadian PressVANCOUVER – BC Hydro says it’s seeing a rise in the number of car accidents involving its power poles and other electrical equipment and is offering tips to avoid injury. The utility says it responded to more than 2,100 accidents…
How D&O insurance is entering unknown territory
December 11, 2019 by Adam MalikGone are the days of directors and officers insurance being put to the test due to guidance misses or financial misstatements. Nowadays, the biggest threats are coming from so-called “bad news” events like product recalls, disasters and cyberattacks. And the…
Why the Fort McMurray wildfire wasn’t worse
December 10, 2019 by Jason ContantA young, mobile population with strong safety training contributed to a successful evacuation during Canada’s costliest disaster three years ago in Fort McMurray, Alta., an author said recently at Insurance Bureau of Canada’s (IBC) inaugural Commercial Insurance Symposium. “Most work…
Why brokers need to change cyber talking points for each client
December 6, 2019 by Jason ContantBrokers need to focus their cyber insurance selling efforts on more than just traditional privacy risks and tailor them to specific industries, a specialist insurer said Wednesday. “Cyber is about way more than just privacy and if you explain to…
Growth in data breaches shows need for government regulations
December 5, 2019 by Michael Parent, Professor of Management Information Systems, Simon Fraser University - 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: Michael Parent, Professor of Management Information Systems, Simon Fraser University…
Brokers tackle distracted driving with social media campaign
December 4, 2019 by Jason ContantInsurance Brokers Association of Canada (IBAC) and Canada Safety Council (CSC) have teamed up for a new social media-led campaign timed to coincide with Distracted Driving Week, which runs until Dec. 7. The campaign focuses on two key distracted driving…