Topic Risk Managers
Trade conflicts and uncertainty remain a key risk: Bank of Canada
December 4, 2019 by Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk. The central bank’s overnight rate target has…
Do winter tires really make for safer roads?
December 2, 2019 by Giuseppe Valiante - THE CANADIAN PRESSMONTREAL – For the past several weeks Quebec drivers have been in a race against time to equip their cars for winter or face steep fines. While the majority of Canadian drivers install winter tires for the cold season, according…
Why there needs to be a refresh of policy triggers for this E&O coverage
November 29, 2019 by Jason ContantThere needs to be a complete refresh and rethink of policy triggers for healthcare liability insurance to make sure it’s up to speed for the digital age, a specialist insurer said. With traditional insurance for medical malpractice, a type of…
Pilot project will see e-scooters on Ontario roadways
November 27, 2019 by The Canadian PressTORONTO – Ontario is starting a five-year pilot project beginning Jan. 1 to allow e-scooters on roads. The two-wheeled, motorized vehicles are currently illegal to operate anywhere in the province other than on private property. The pilot will let municipalities…
3 ways to motivate sales staff without stressing them out
November 26, 2019 by Jason ContantIf you are a broker producer, principal or customer service representative – or in any other sales job for that matter – you have likely have a sales target to meet. But instead of just dialing up the pressure on…
Ransomware’s latest victim: a child welfare authority
November 25, 2019 by The Canadian PressHEADINGLEY, Man. – An Indigenous child welfare authority in Manitoba has called in the RCMP after being hit by a cyberattack that’s corrupted its computer files and potentially compromised the privacy of its clients. Southern First Nations Network of Care…
What the Bank of Canada sees as “transition risks”
November 22, 2019 by Ian Bickis - THE CANADIAN PRESSTORONTO – Bank of Canada governor Stephen Poloz wasn’t asked about climate change risks at a discussion about economic change and emerging risks on Thursday, so he brought them up himself. “It’s about the transition risk, right, as everyone’s portfolio…
Ontario brewery loses $2.1 million in cyber attack
November 21, 2019 by The Canadian PressKITCHENER, Ont. – Waterloo Brewing Ltd. says it has lost $2.1 million in what it calls a social engineering cyberattack. The Ontario brewery says the incident occurred in early November and involved the impersonation of a creditor employee and fraudulent…
Saskatchewan more than doubles distracted driving penalties
November 20, 2019 by The Canadian PressREGINA – Fines for distracted driving are more than doubling in Saskatchewan. The government has introduced stiffer penalties for drivers caught using their cellphones, although the changes won’t apply until next February. Saskatchewan Government Insurance is increasing the cost of…
Can Canada weather a global financial storm?
November 19, 2019 by The Canadian PressMONTREAL – The global economic picture has worsened, increasing risks to global growth and chances of financial stress that could spill over into Canada, the senior deputy governor of the Bank of Canada said Tuesday. In a speech to the…
The many roads to successful IFRS 17 implementation
November 18, 2019 by Jason ContantWhen trying to implement an IFRS 17 solution in your insurance company, should you start fresh with a new solution, integrate into your existing systems, enlist the aid of a third-party provider or some or all of the above? The…
Family sues Quebec airline over alleged negligence
November 18, 2019 by Holly McKenzie-Sutter - THE CANADIAN PRESSST. JOHN’S, N.L. – The family of a fishing guide who died in a Labrador floatplane crash this summer is suing the Quebec airline for damages, alleging negligence and breach of contractual duties. Seven men, including the pilot, were on…