Topic Risk Managers
How your client can save money by detecting plumbing problems
March 13, 2019 by Greg MeckbachCanadian property clients could soon get an insurance discount by installing products from water flow sensing vendor Triple Plus Ltd. Triple Plus recently announced a pilot project in which American clients of Berkshire Hathaway GUARD can get lower property insurance…
What surprises this broker about sports insurance
March 11, 2019 by Dan Ralph THE CANADIAN PRESSTORONTO – He has played Canadian university football and coached the game, but Todd Smith is waiting before he lets his two sons get on the field. “I’m not in a rush to put my kids into football just knowing…
Wildfire catastrophe models need improvement: Reinsurer
March 8, 2019 by Greg MeckbachThe world’s second-largest reinsurer is looking for partners in the artificial intelligence space to help the reinsurer get a better idea of how much insured damage future wildfires could cause. Swiss Re is working with the Massachusetts Institute of technology…
This research can help defend slip and fall claims
March 6, 2019 by Greg MeckbachIf your client owns or manages a property, can it put a number on the slipperiness of the surfaces? This is what companies managing an Ottawa property did after they were sued for $2.9 million by a civil servant who…
What lies behind the unexpected Alberta quake
March 6, 2019 by Jason ContantPerhaps the largest-ever earthquake to hit a section of central Alberta caused no immediate reports of damage, but knocked out power for more than 4,000 customers. Could fracking be the culprit? In this case, Alberta Energy Regulator (AER) is probing…
$75-million shareholders’ lawsuit proposed against SNC Lavalin
February 26, 2019 by THE CANADIAN PRESSSNC-Lavalin Group Inc. faces new legal troubles as a shareholder aims to launch a class action lawsuit in connection with the criminal charges against the embattled engineering firm. Law firm Strosberg Sasso Sutts LLP has filed a proposed class action…
How railway is dealing with Manitoba oil spill
February 22, 2019 by THE CANADIAN PRESSLAZARE, Man. – CN is still tallying up the amount of oil spilled in a train derailment on a ranch in western Manitoba. “We are still determining volume estimates at this time,” company spokesman Jonathan Abecassis said in an email…
How your client’s directors could be blamed for cyber losses
February 14, 2019 by Greg MeckbachCyber risk awareness is on the rise among corporate directors, who could face liability risk if they are accused of being lax on governance. “Corporate clients are more likely to be aware today, compared to a few years ago, of…
Why your clients will buy insurance only after a disaster
February 12, 2019 by Jason ContantDue to six decision biases, consumers will typically not protect themselves against low-probability, high-consequence events until it is too late, a keynote speaker said recently at the CatIQ Connect conference in Toronto. When consumers decide not to purchase insurance or…
Dozens of freight cars derail in fatal train accident
February 5, 2019 by THE CANADIAN PRESSFIELD, B.C. – A Canadian Pacific freight train fell more than 60 metres from a bridge near the Alberta-British Columbia boundary in a derailment that killed three crew members, a union representative said Monday. The westbound freight jumped the tracks…
The “perfect storm” conditions for commercial rate increases
February 4, 2019 by Jason ContantThe past few years have created a perfect storm leading to an increase in commercial insurance rates, Signature Risk Partners Inc. says in a white paper released last week, entitled Hard Commercial Insurance Market on the Way. One factor is…
Transportation Safety Board involved in probe of crane collapsing on ship
February 1, 2019 by THE CANADIAN PRESSVANCOUVER – The Transportation Safety Board is deploying a team of investigators to the Port of Vancouver following the collapse of a large crane onto a loaded container vessel. A statement from the safety board says the ship, the Ever…