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Forecasting emerging risks expected to get tougher: Marsh/RIMS report

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Cyber attacks – once again identified as a top critical business risk – are expected to be a source of emerging risks, but forecasting for all emerging risks could prove more challenging over the next three years,

News CatastrophesClimate ChangeLegalMergers and AqcuisitionsTechnology

IBC, Tesera Systems announce transfer agreement for bureau’s Municipal Risk Assessment Tool

March 30, 2016 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has announced the intellectual property rights for its municipal risk assessment tool (MRAT) – a made-in-Canada solution to help communities be more resilient and adaptable to climate change – is being transferred to Tesera Systems

News CatastrophesClimate ChangeInsurance

Province of British Columbia announces $16.6 million in funding for flood mitigation project in Richmond

March 26, 2016 by Canadian Underwriter

The province of British Columbia has announced $16.6 million in funding toward a flood mitigation project in Richmond that will upgrade multiple pump stations. Announced as part of public safety funding in the 2016 provincial budget, the $24.95-million project also

News Climate ChangeInsurance

IBC applauds federal government’s commitment to fighting climate change

March 23, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has applauded the federal government’s commitment to addressing climate change in its first federal budget. “The budget shows a clear and strong commitment to fighting climate change,” IBC president and CEO Don Forgeron said