Topic Risk Managers
The industry that’s shopping for cyber insurance
October 11, 2018 by Greg MeckbachBrokers looking for new large cyber accounts might want to knock on doors of companies who look after other people’s money. More than half (55%) of Canadian asset managers surveyed said they intend to purchase insurance to protect themselves against…
Irving oil explosion raises residential safety concerns
October 9, 2018 by Hina Alam - THE CANADIAN PRESSOil refineries and other large industrial operations that are surrounded by residential communities need to work harder to ensure safety and protect their own bottom lines, multiple experts say. A massive refinery blast shook Saint John, N.B., on Monday, sending…
Mandatory building fire risk labels proposed
October 7, 2018 by Greg MeckbachFire safety can be impacted if a building is made from lightweight, prefabricated material, and legislation under debate would mandate placards for certain construction types in Ontario. “Truss and lightweight construction, when exposed to fire, can pose serious risks to responding firefighters,” Randy…
How Millenials are helping stop distracted driving
October 7, 2018 by Jason ContantMillenials – the ever-connected, technologically savvy age group – are actually most likely to ask a driver to stop using their mobile device if they are a passenger, a new Travelers Canada survey has found. Distracted driving has been cited…
Threat of Canada Post strike still alive
October 7, 2018 by Terry Pedwell - THE CANADIAN PRESSOTTAWA – The union representing 50,000 employees at Canada Post panned the latest contract offers from the corporation Thursday, calling them “disappointing” and keeping alive the threat of a work stoppage as the busy holiday online shopping season approaches. Two…
Will pot’s health effects lead to the industry’s next tobacco liability exposure?
October 3, 2018 by Greg MeckbachMarijuana could cause mental illness among youth and government needs to find ways of preventing teens from using it, an Ontario politician said Tuesday. “There are many young people who had their lives turned upside down, and families turned upside…
Artist or hoarder? Why insurers don’t like clutter
October 2, 2018 by Greg MeckbachSelf-employed artists who work from their own apartments with large quantities of material should have sprinkler systems and firewalls, a Toronto fire inspector suggests. In 2017, Toronto Fire Services ordered an apartment tenant – identified only as K.R. – to…
The ‘wake-up call’ for brokers placing D&O liability
October 2, 2018 by Greg MeckbachA multi-million-dollar pollution clean-up order that spooked the Canadian insurance industry has some commercial brokers taking a good hard look at the exact wording of mid- to large-sized clients’ directors and officers (D&O) liability policies. The Ontario Ministry of the…
How driverless vehicles may make crash injuries worse
October 1, 2018 by Jason ContantThe severity of some accidents may increase as vehicles become driverless, in part because driver orientation will change, a crash reconstructionist told Canadian Underwriter in an interview last week. Currently, drivers are sitting in their seats, properly belted with their…
Managing your client’s M&A risk with A.I.
October 1, 2018 by Greg MeckbachMergers and acquisitions come with risks for buyers, and one law firm uses machine learning to help clients manage at least some of those risks. One risk to a buyer is when the target company has liabilities – such as…
Walmart fined $20K for selling contaminated food after Fort McMurray wildfire
October 1, 2018 by The Canadian PressFORT MCMURRAY, Alta. – Walmart Canada has been ordered to pay a $20,000 fine for selling contaminated food after a devastating wildfire in northern Alberta two years ago. Some of the charges against Walmart included failing to dispose of food…
This province’s licence suspension system is ‘fundamentally flawed’
September 28, 2018 by Peter Cameron - THE CANADIAN PRESSTORONTO – Ontario’s ombudsman says the system for notifying drivers that their licence has been suspended is “fundamentally flawed” leaving many people unwittingly driving with invalid licences. In a report released on Thursday, Paul Dube makes 42 recommendations designed to…