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Commercial Risk Management


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On Arctic voyage, Obama turns to the power of the presidential image to elevate climate change

September 3, 2015 The Associated Press

KOTZEBUE, Alaska – President Barack Obama closed out his Alaska tour with a trip Wednesday to the tiny town of Kotzebue, becoming the first sitting U.S. president to set foot in the Alaska Arctic – part of a wider effort

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Abandoned campfire to blame for fire in B.C., forest ministry says

September 3, 2015 by Canadian Underwriter

An abandoned campfire was to blame for a short-lived wildfire in late August, the provincial Ministry of Forests, Lands and Natural Resource Operations reported on Wednesday. On the Aug. 29-30 weekend, the BC Wildfire Service responded to four new human-caused

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Economic losses from storms in Alberta, B.C. expected to exceed $225 million in total: Aon Benfield

September 3, 2015 by Canadian Underwriter

Total economic losses from severe thunderstorms and flooding rains in Alberta in early August are expected to exceed $125 million, while a strong storm system that battered parts of British Columbia was expected to exceed $100 million in economic losses,

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US$4.6 trillion of projected GDP at risk from 18 disasters in 301 global cities: Lloyd’s

September 3, 2015 by Canadian Underwriter

A total of US$4.6 trillion of projected GDP is at risk from 18 manmade and natural disasters in 301 cities across the world over a ten-year period, according to a new study published on Thursday by Lloyd’s, the specialist insurance

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Canadian Underwriter, IDT911 join forces for free webinar on cyber risk

September 2, 2015 by Canadian Underwriter

Canadian Underwriter magazine and cybersecurity firm IDT911 have teamed up to offer a free live webinar on cyber risk. The Risks & Rewards of Cyber Coverage webinar will be held on Sept. 15 at 1 p.m. EDT. The presentation will

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Saskatchewan announces new agriculture drainage regulations

September 2, 2015 by Canadian Underwriter

Saskatchewan’s Minister responsible for the Water Security Agency (WSA), Herb Cox, announced on Tuesday new drainage regulations, the first phase of an agricultural water management strategy that recognizes the benefits of benefits and the importance of mitigating negative impacts. A

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Most small business owners in the U.S. unaware that many insurers provide commercial insurance: J.D. Power study

September 1, 2015 by Canadian Underwriter

The majority of small business owners in the United States are not even aware than many insurers provide commercial insurance, according to the J.D. Power 2015 U.S. Small Business Commercial Insurance Study released on Monday. The study, now in its

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OSFI wants comments on proposed MCT changes by Sept. 4

September 1, 2015 by Canadian Underwriter

Insurance professionals have until Friday Sept. 4 to submit comments, to the federal government, on proposed changes to the minimum capital test (MCT) for property & casualty insurers. “The most significant proposed change to the 2015 MCT Guideline is the

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Ontario’s Durham police running distracted driving enforcement campaign to coincide with Bill 31 changes

September 1, 2015 by Canadian Underwriter

The Durham Regional Police Service (DRPS) in southern Ontario said on Tuesday it will be running a distracted driving enforcement campaign for the next three days to coincide with changes in provincial legislation that come into effect today. Bill 31,

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B.C. LNG industry will increase fracking caused earthquakes: expert

September 1, 2015 Laura Kane -THE CANADIAN PRESS

VANCOUVER – If the liquefied natural gas industry proceeds as the British Columbia government hopes, there could be five times as many fracking-caused earthquakes, warns one expert. But the company that would provide gas to a major LNG terminal –

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Some businesses still do not believe they will be/could be a cyber target: panel

September 1, 2015 Angela Stelmakowich, Editor

A persistent hurdle to getting businesses in Canada to buy cyber insurance and truly understand the protection that coverage can provide revolves around denial, particularly for smaller firms, Andrew Bourne, a partner and forensic accountant with BDO Canada, suggested during

Urs Uhlmann, Chief Executive Officer, Global Corporate, Zurich Canada
Feature

Hover Craft

September 1, 2015 Urs Uhlmann, Chief Executive Officer, Global Corporate, Zurich Canada

Commercial applications for the disruptive technology of drones have taken off in the last few years. Insurance companies are also keen to seize the opportunities that drones provide in claims support and risk assessment, but must navigate a fast-changing regulatory environment along the way.