Topic Risk Managers
Electrical grids need rethink in era of intense storms, experts say
September 11, 2019 by The Canadian PressHALIFAX – In an era when storms with hurricane-force winds are expected to keep battering Atlantic Canada, experts say the region should make major changes to electrical grids, shoreline defences and even the types of trees being planted. Work continues…
Scheer promises to create ‘Canada Cyber Safe’ certification for digital
September 9, 2019 by Giuseppe Valiante - THE CANADIAN PRESSMONTREAL – Conservative party Leader Andrew Scheer is trying to reassure Canadians that if elected, his government would better protect their personal information following recent high-profile security breaches at major corporations that compromised the data of millions of Canadians. A…
Cybercriminals manipulate their way into company computers
September 6, 2019 by Joyce M. Rosenberg - THE ASSOCIATED PRESSNEW YORK – The cybercriminal who steals information or money from a small business is probably a master of deception and manipulation as well as a techno-expert. When Nancy Butler got a call from someone claiming to be from her…
A new real-time model for predicting urban flood resilience
August 29, 2019 by Jason ContantA newly-proposed flood model can provide a real-time prediction of urban flooding caused by heavy rainfall in a changing climate, but it may not be of particular interest to insurers. “The model can be used not only for real-time flooding…
How Travelers advises clients to mitigate auto risk
August 23, 2019 by Greg MeckbachDo your commercial clients have a strict policy of not calling employees while they are driving? Many drivers who are distracted are actually workers who are travelling on behalf of their employers during the day, Ontario Provincial Police Sergeant Gord…
How B.C. auditor general rates the provincial government’s cyber security
August 20, 2019 by Greg MeckbachIf your client has a formal process to disable computer network access for employees and contractors who no longer work there, that client’s cybersecurity is better in at least one respect than some of British Columbia government departments. The province’s…
Simple ways to keep a roof on during a tornado
August 13, 2019 by Jason ContantThe Institute for Catastrophic Loss Reduction (ICLR) and home building company Doug Tarry Homes Ltd. have joined forces for a pilot project on increasing the resilience of homes to high wind and tornado events. High winds contributed in part to…
This airbag might increase injury risk
August 12, 2019 by Adam MalikA relatively new attempt to lower the risk of injury in a collision has been panned by a safety group. The Insurance Institute for Highway Safety (IIHS) recently reviewed knee airbags – something that has grown in popularity of the…
Why insurance is the worst investment
August 6, 2019 by Jason ContantIs insurance a good investment? No, according to one risk manager. “I believe that insurance is the worst investment you can make,” said Stéphane Cossette, senior director of risk management with Quebecor Media Inc. in Montreal. “I actually tell people…
What’s at the heart of today’s hardening market cycle
August 1, 2019 by Jason ContantThe origin of today’s hardened market cycle is a natural evolution of a very long soft market cycle, a senior risk manager told Canadian Underwriter recently. “I really believe that we had a soft market that lasted too long,” said…
Should risk managers assume more risk?
July 29, 2019 by Jason ContantRisk managers should stop “trading dollars” with an insurer and consider increasing their deductibles and assuming some of the risk, suggested Stéphane Cossette, senior director of risk management with Quebecor Media Inc. “Get rid of the noise, get rid of…
How the hard market affects these risk managers
July 24, 2019 by Jason ContantThe hardening market is even affecting risk management in post-secondary institutions. One risk manager in Calgary said the challenges he is seeing are less about tightening of conditions in an insurance contract than underwriting unique exposures. The post-secondary environment has…