Keyword
Commercial Risk Management
Small Business, Big Threat
September 1, 2015 Derrick Hughes,Vice President, The Boiler Inspection and Insurance Company of Canada, part of Munich ReCyber crime has become increasingly frequent, expensive and complex. Yet, many small businesses do not believe they are targets and may not be prepared to prevent or withstand a data breach. What can the insurance industry do to help?
Hover Craft
September 1, 2015 Urs Uhlmann, Chief Executive Officer, Global Corporate, Zurich CanadaCommercial 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.
Majority of U.S. small business owners have no disaster recovery plan or business interruption insurance: study
August 31, 2015 by Canadian UnderwriterThree out of four small business owners in the United States do not have a disaster recovery plan, and more than half (52%) say it would take at least three months to recover from a disaster, according to a new…
Risk of catastrophic storm surge in the U.S. Gulf Coast remains 10 years after Katrina: AIR Worldwide
August 31, 2015 by Canadian UnderwriterTen years after Hurricane Katrina – the most costly natural disaster ever faced by the insurance industry and one of the most powerful storms to strike the United States Gulf Coast – the risk of catastrophic storm surge remains, according…
Poor air quality ratings in Saskatchewan expected to remain in effect on Monday: Environment Canada
August 31, 2015 by Canadian UnderwriterPoor air quality ratings in Saskatchewan are expected to remain in effect “at times” on Monday, Environment Canada said on Sunday. Air quality readings have improved over the southern part of the province in the past few days as an…
Smoke grounds aircraft battling big wildfires east of Cascade Range in Washington state
August 28, 2015 Nicholas K. Geranios - THE ASSOCIATED PRESSSPOKANE, Wash. – Smoke from big wildfires burning east of the Cascade Range grounded helicopters and airplanes that have been battling the flames in Washington state. The dense smoke also was causing respiratory problems for people far from the fire…
Manitoba’s chief provincial public health officer issues wildland fire smoke advisory for province
August 28, 2015 by Canadian UnderwriterJust days after Alberta Health Services issued an air quality advisory for Edmonton, Manitoba’s chief provincial public health officer is warning that “most of the province is expected to experience some level of haze over the weekend.” Dr. Michael Routledge…
Florida governor declares state of emergency in preparation for Tropical Storm Erika
August 28, 2015 by Canadian UnderwriterFlorida Governor Rick Scott has declared a state of emergency in preparation for the arrival of Tropical Storm Erika. The tropical storm recently spread heavy rains and gusty winds into the Dominican Republic, according to the United States’ National Hurricane…
Intact must defend construction company over lawsuit arising from fire: Court
August 28, 2015 by Canadian UnderwriterIntact Insurance Company has a duty to defend a construction firm sued for negligence, over a restaurant damaged by fire eight years after the policy was in effect, an Alberta court recently ruled. Court records indicate that ING Western Union…
Expected heavy rainfall in Vancouver increases risk of flash flooding, Environment Canada warns
August 28, 2015 by Canadian UnderwriterEnvironment Canada has issued a special weather statement for the Metro Vancouver area, warning that heavy rainfall in the region over several days increases the risk of flash flooding. Environment Canada said in the statement on Friday that a “major…
Ontario policyholders approve merger to create Heartland Farm Mutual Insurance
August 28, 2015 by Canadian UnderwriterNorth Waterloo Farmers Mutual Insurance Company (NWFM) and Oxford Mutual Insurance Company announced on Friday that their mutual policyholders have voted overwhelmingly to approve the amalgamation of the two companies to create Heartland Farm Mutual Insurance Inc. At separate meetings…
Lead from the Front
August 1, 2015 Jason Keyfitz, Vice President, Captive Solutions, Marsh CanadaFronting is one option for risk managers wanting to reduce insurance expenditures by retaining more risk, while still complying with contractual and regulatory requirements. Such an arrangement has specific requirements and a clear understanding of who will manage claims.