Keyword
Commercial Risk Management
Mock meteorite strike to help train High River volunteers for disaster recovery
September 28, 2015 Bill Graveland - THE CANADIAN PRESSHIGH RIVER, Alta. – Hasn’t High River suffered enough? After surviving one to the worst flood in Canadian history a couple of years ago, the Alberta town of 12,000, 70 kilometres south of Calgary is preparing for a meteorite to…
RIMS Ontario Chapter presents Donald M. Stuart Award to Manitoba Hydro’s Tino Brambilla
September 28, 2015 Angela Stelmakowich, EditorTino Brambilla is celebrating another cherished anniversary this year during RIMS Canada Conference 2015 in Quebec City – his 30th wedding anniversary. Brambilla, manager of insurance services at Manitoba Hydro and this year’s recipient of Canada’s highest risk management honour,…
Nova Scotia hospital postpones appointments following flood
September 28, 2015 by Canadian UnderwriterThe Nova Scotia Health Authority has said that the Queen Elizabeth II Health Sciences Centre will continue “with a higher volume of surgeries starting Monday,” following a flood last week that also caused the postponement of 140 of 190 outpatient…
Lack of understanding the overarching risk of uninitiated companies looking to seize benefits of drone use: Zurich Canada
September 28, 2015 Angela Stelmakowich, EditorThe expanding interest in drones means many companies and industries considering their use will be engaged in an aviation activity for the first time, necessitating that they have a firm grasp of associated risks before moving forward, suggests a new…
B.C. Premier announces $10 million top-up to Strategic Wildfire Prevention Initiative, tasks forestry ministry with looking at ways to reduce fire risk
September 26, 2015 by Canadian UnderwriterBritish Columbia Premier Christy Clark announced on Friday a top-up of $10 million to the Strategic Wildfire Prevention Initiative and tasked the provincial Ministry of Forests, Lands and Natural Resource Operations to look at other ways to reduce wildfire risk…
Brokers up to managing challenges in coming year: IBAC president-elect
September 26, 2015 Angela Stelmakowich, EditorIt will be a challenging year for the insurance industry, but brokers will be able to manage those challenges with continued focus and hard work, Lorne Perry, president-elect of the Insurance Brokers Association of Canada (IBAC), suggested during IBAC’s annual…
ACE Group launches global cyber facility
September 25, 2015 by Canadian UnderwriterACE Group has announced the launch of its Global Cyber Facility, providing up to US$100 million of primary capacity. To meet growing demand, ACE announced the facility, “which goes beyond standard risk transfer by incorporating a comprehensive risk management solution…
A.M Best observes ‘huge amount’ of reinsurance merger and acquisition activity
September 25, 2015 by Canadian Underwriter2014 was a “very tough” catastrophe year for Canadian insurers, while mergers and acquisitions are “on the minds” of managers for global reinsurance firms, analysts for A.M. Best Company Inc. told Canadian insurance professionals Thursday in Toronto. “All of a…
Delay in approval of settlement fund for victims of Lac-Mgantic rail disaster
September 25, 2015 by Canadian UnderwriterPORTLAND, Maine – Final approval of a massive settlement for victims of the 2013 train derailment in Lac-Megantic, Que., has been delayed. The delay is to provide time for the only party that’s opposed to the fund to either join…
National Energy Board seeking more information on Trans Mountain expansion project before making its decision
September 25, 2015 by Canadian UnderwriterThe National Energy Board (NEB) has announced that it is extending its review period for Kinder Morgan’s Trans Mountain pipeline expansion project. In a statement on Thursday, the NEB said that it had implemented an “excluded period” for the review…
Unica Insurance obtains CSIO certification for commercial lines eDocs
September 24, 2015 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Thursday that Mississauga, Ont.-based Unica Insurance has obtained CSIO certification for commercial lines eDocs. eDocs is intended to help brokers save time by allowing them to download policy documents directly…
Speeders in Saskatchewan overrepresented, again, SGI says, after releasing August commercial vehicle safety results
September 24, 2015 by Canadian UnderwriterSaskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, announced on Thursday that provincial police issued 6,371 tickets last month, the majority of which were related to speeding. In August, commercial vehicle safety was the traffic focus and speeders…