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UFO sightings: Are your clients covered for an alien invasion?

June 24, 2021 by David Gambrill

Recent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged

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Why businesses shouldn’t take an adversarial stance towards their claimants

May 8, 2021 by Adam Malik

Businesses risk damaging their brand’s reputation if they take a confrontational approach to claimants, risk experts warned during a recent virtual conference. In addition to paying out more for the claim, a company playing hardball may also wind up losing

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Risk managers’ takeaway from COVID-19: Yes, it can happen to us

April 23, 2021 by Adam Malik

The global COVID-19 pandemic has taught risk managers to be prepared for any threats, no matter how unlikely or far-fetched they may seem, industry experts said at a RIMS conference webinar panel. The risk of a pandemic has been on

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Pandemic distraction: Is Canada ready for the next big disaster?

March 30, 2021 by David Gambrill

Focused narrowly on responding to the COVID-19 global pandemic — and preparing for the next one — Canada may be losing sight of preparing for other, potentially more likely disaster scenarios, P&C insurance industry executives commented at the Swiss Re

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What’s lurking behind all of the financial and pandemic risks…

February 1, 2021 by David Gambrill

Risk managers globally are scrambling to respond to a number of financial risks related to the pandemic and the related economic meltdown, making credit risk one of their chief concerns for 2021, as reported in a new study by Deloitte. But

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How an award-winning risk manager helped absorb a rate spike

January 15, 2021 by Adam Malik

Betty Clarke recently received the highest honour for risk managers in Canada. One example of why she is deserving of such recognition lies in how she helped her employer prepare to absorb a drastic insurance rate increase. Clarke is the

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Government travel controversies expose need for risk management plans, experts say

January 5, 2021 Brett Bundale - THE CANADIAN PRESS

The backlash against Canadian politicians who travelled to warmer climes over the holidays despite public health warnings to stay home is a wake-up call that organizations need clear risk management plans, experts say. The fallout of ignoring travel restrictions could

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Underwriting long term care: Transforming liability into opportunity

December 4, 2020 by David Gambrill

With property and casualty insurance carriers reportedly exiting the long-term care (LTC) class of business following a spate of class-action lawsuits related to COVID-19 deaths in nursing homes, insurance underwriters may be interested to know about a new technology in

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Culture change needed to mitigate condo losses: Aviva exec

November 6, 2020 by Adam Malik

As capacity for condo insurance shrinks and premiums continue to mount, property managers and condo boards will find greater success with underwriters if they can show they are embedding responsibility for risk management and mitigating losses into their corporate culture,

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An alternative way to transfer pandemic risk

July 28, 2020 by Adam Malik

Parametric solutions may be a key way to close the pandemic protection gap — the gap between those who are experience losses due to the pandemic and those who have insurance coverage for it — but the solutions generally require

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Brokers who did these things fared better in the pandemic

July 3, 2020 by Adam Malik

Brokers who were nimble, ready to change with the times, and acted pro-actively when COVID-19 first emerged as a threat are the ones faring the best three months later, one broker leader says. Those who didn’t are struggling. “Those brokers

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How Zurich and BFL helped Bauer’s move to make face shields

April 17, 2020 by Adam Malik

Sports equipment maker Bauer made headlines when it announced it would shift its production to making face shields for front line employees deemed essential during the COVID-19 pandemic. Behind the scenes helping to make it possible was its broker, BFL