Keyword
Government
Unexpected threats should be a concern to SMEs in U.K.: RSA
December 2, 2016 by Canadian UnderwriterMore than a quarter of polled small and medium-sized enterprises (SMEs) in the United Kingdom reported being hit with an unexpected £50,000 bill would put them out of business, notes a new report released this week by RSA. And while…
Canadian business executives report not doing enough to protect data, security concern over migrating to the cloud persists: Microsoft Canada
October 31, 2016 by Angela StelmakowichSkepticism over security when migrating to the cloud was voiced by almost six in 10 Canadian senior-level business leaders taking part in a Microsoft Canada Inc. survey. In all, 58% of the 711 respondents from the private and public sectors…
Barely passable grade on flood preparedness demands immediate action: report
October 31, 2016 by Canadian UnderwriterAll 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new…
Insurance industry must work to reduce protection gap, burden on governments
October 25, 2016 by Canadian UnderwriterThe insurance industry needs to capitalize on its unique risk understanding to reduce the financial burden on governments in light of “the daunting scale of the protection gap,” Nick Frankland, CEO of EMEA operations for Guy Carpenter & Company, LLC,…
Alcohol, drugs different, drug-impaired driving a growing concern: panel
September 22, 2016 by Angela StelmakowichAlcohol and drugs are different and approaches to addressing related impairment issues will likely need to be different as well, Doug Beirness, senior research associate with the Canadian Centre on Substance Abuse (CCSA), suggested Wednesday during a State Farm-sponsored event…
ICBC, police and government join forces for month-long distracted driving campaign
September 1, 2016 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC), provincial police and the B.C. government are teaming up to launch a month-long campaign to tackle distracted driving, which is responsible for approximately one-quarter of all fatal crashes in the province. ICBC said…
B.C. government providing $15.52 million for flood mitigation in Surrey
July 7, 2016 by Canadian UnderwriterBritish Columbia is committing $15.52 million in funding for two flood mitigation projects in Surrey that will protect thousands of homes, landmark institutions and business and industries employing thousands of people. The funding will be used for the two dike…
200-year loss scenario from flood in Canada could produce insured losses of $5.7 billion: Swiss Re
June 15, 2016 by Canadian UnderwriterFlood is clearly the number one peril in Canada, with Swiss Re estimating that a “perfect storm” flood scenario would result in economic losses of $13.8 billion and insured losses of $5.7 billion. Developed using the company’s new probabilistic flood…
Canadian insurance industry looking to partner with government to establish new capital framework for managing earthquake risk: CIFF speakers
May 27, 2016 Jason Contant, Online EditorThere is a need to formalize the role that government can play in helping to manage the financial impact of a “mega cat,” speakers suggested on Wednesday at the Canadian Insurance Financial Forum (CIFF) in Toronto. “We are well-capitalized for…
Catastrophic earthquake could threaten Canada’s p&c industry, government backstop needed for “unthinkable” events: IBC
April 22, 2016 by Angela StelmakowichA catastrophic earthquake could threaten Canada’s property and casualty industry, clearly illustrating the need to have in place a government backstop, Sylvie Paquette, chair of the Board of Directors for Insurance Bureau of Canada (IBC), said following IBC’s Annual General…
B.C. provides $4 million for shoreline flood mitigation projects in Abbotsford
April 19, 2016 by Canadian UnderwriterBritish Columbia’s Ministry of Transportation and Infrastructure has announced $4 million in funding for shoreline flood mitigation projects in Abbotsford that, if left unrepaired, could undermine the dike protecting the Matsqui Prairie and important regional infrastructure. Announced as part of…
Canada in better position than most to close protection gap, collaboration key: Scotti
April 6, 2016 by Angela Stelmakowich“Canada is in a better position than many other countries to actually close its protection gap,” Veronica Scotti, president and CEO of Swiss Re Canada, said Wednesday during Swiss Re’s Canadian Insurance Outlook in downtown Toronto. “Sometimes it takes an…