Topic Risk Managers
Hub’s Top 3 pot risks
August 23, 2018 by Jason ContantAs cannabis comes closer to being legalized in Canada, Hub International told Canadian Underwriter the three major risks the brokerage has faced while writing cannabis insurance for the past four years. One of them is cash-on-hand, meaning pot producers have money…
Why Canada’s railway safety authority is concerned about winter tires on a bus
August 23, 2018 by Greg MeckbachFiguring out which tires should be used in winter is a risk management challenge for many school bus operators, a federal safety organization warned Wednesday. “If school bus operators do not have access to independent and objective assessments of winter…
Strong Oregon quake felt in Vancouver and Sidney, B.C.
August 23, 2018 by The Canadian PressVANCOUVER – A magnitude 6.2 earthquake that hit nearly 300 kilometres off the south-central coast of Oregon early Wednesday was strong enough to be felt in British Columbia. Data from the United States Geological Survey shows residents in Vancouver and…
How legal defence costs can be ‘gobsmacking large,’ even when you win the case
August 22, 2018 by Greg MeckbachA recent decision by an Ontario judge shows how much a corporate client might have pay to defend itself from a lawsuit – even one that gets thrown out of court. Three beer manufacturers, Molson, Labatt and Sleeman, spent a…
How blockchain may ramp up your liability exposure
August 21, 2018 by Jason ContantThe rise of blockchain and cryptocurrency technologies have triggered an explosion in securities litigation, a lawyer specializing in the field said last week during a webinar on the insurance implications of blockchain and cryptocurrencies. Alex Drylewski is a partner of…
Diversity critical for MGA entering Quebec market
August 17, 2018 by Jason ContantFor Canadian managing general agents, maintaining a diversified portfolio and effective distribution channel for products is crucial to success, according to Gary Hirst, president of CHES Special Risk. Hirst spoke to Canadian Underwriter Thursday, one day after CHES announced it…
B.C. declares provincial state of emergency over wildfires
August 15, 2018 by The Canadian PressVICTORIA – The British Columbia government has declared a provincial state of emergency to support the response to the hundreds of wildfires burning across the province. The state of emergency will remain in effect for 14 days, but can be…
Ontario to sell pot online in fall, in private retail stores by April 2019
August 14, 2018 by Shawn Jeffords - THE CANADIAN PRESSTORONTO – Recreational cannabis will be sold online in Ontario when legalized this fall and in private retail stores across the province early next year, the government announced Monday, reversing the previous administration’s plan to distribute cannabis through publicly owned…
Mechanic barred from suing employer over workplace injury
August 13, 2018 by Greg MeckbachA Newfoundland and Labrador construction company no longer faces a lawsuit from the estate of an injured worker, after the Supreme Court of Canada announced Thursday it will not hear an appeal. Many Canadian corporate clients lack liability insurance covering…
One trillion litres of sewage leaked into Canadian lakes and rivers over last five years
August 13, 2018 by Mia Rabson - THE CANADIAN PRESSOTTAWA – Last Wednesday, a team of people from the Lake Ontario Waterkeeper environmental group descended on the Toronto harbourfront looking for any signs the previous night’s massive, flash-flood rainfall had caused the city’s ancient combined sewer system to overflow…
Innovation, yes. But don’t forget to manage the risks.
August 10, 2018 by Jason ContantWhile Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she…
Canadian tech firm flags effect of EU’s new privacy law
August 10, 2018 by Greg MeckbachNew privacy rights for Europeans have changed the way a Canadian multinational business software provider looks at its liability risk. The European General Data Protection Regulation (GDPR) took effect May 25 and makes it mandatory for companies to disclose data…