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Keyword
risk management


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Resiliency plans increasingly important, plans will never be perfect

September 13, 2016 by Angela Stelmakowich

CALGARY — Resiliency plans are unlikely to ever be perfect, but they are an increasingly important element of an organization’s response to crises, two speakers who as individuals and members of their companies were intimately affected by the 9/11 terror

News CatastrophesClimate ChangeInsuranceProfessional DevelopmentReinsurance

Resilience should be a goal of all organizations

September 12, 2016 by Angela Stelmakowich

CALGARY — Darius Delon, chair of the RIMS Canada Council, had a very simple message for those attending the annual conference in Calgary Monday: every organization can be hit by disaster, so every organization needs to be resilient. Scenario brainstorming,

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Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC

September 6, 2016 by Canadian Underwriter

The current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report

August 22, 2016 by Canadian Underwriter

Surviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random

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Drop in traditional malware and rise in mobile malware, but vigilance still key: U.S. research

August 19, 2016 by Canadian Underwriter

The number of active malware families attacking business networks fell by 5% in July – representing the first such decrease in four months – while mobile variants rose, notes new threat research from Check Point Software Technologies Ltd. Check Point

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Ottawa seeks feedback on agriculture policy framework, including risk mitigation

August 11, 2016 by Canadian Underwriter

The federal government is looking for feedback on its “next agricultural policy framework,” which could entail promoting private-sector risk management tools. The first phase of its consultation closed July 31. In the next phase, the government is seeking feedback on

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AIG Canada launches risk management and mitigation service for residential construction projects with budgets of $5 million or more

August 10, 2016 by Canadian Underwriter

AIG Insurance Company of Canada (AIG Canada) has announced the launch of Smart Build, a risk management and mitigation service for residential construction projects with budgets of $5 million or more. Calling it the first-of-its-kind program in Canada, the Canadian-based

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Arthur J. Gallagher reports brokerage segment revenues up US$53.5 million in Q2

July 29, 2016 by Canadian Underwriter

Itasca, Ill.-based Arthur J. Gallagher & Co. (AJG) released its financial results on Thursday, announcing that its brokerage segment revenues were up to US$939.1 million as reported in the second quarter of 2016 from US$885.6 in Q2 2015. For the

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Pen Underwriting Canada’s e-traded D&O solution offers brokers fast quote-to-cover capability

July 22, 2016 by Canadian Underwriter

Pen Underwriting Canada’s newly launched e-trading platform allows brokers to quote and issue a policy within five minutes that provides directors and officers a broad range of D&O coverage to suit the fast-evolving risks and liabilities they face. Calling the

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Worldwide mid-sized firms may fall short on insurance, risk management: Assurex Global survey

July 18, 2016 by Canadian Underwriter

Many mid-sized firms may lack adequate insurance, continuity planning, risk management and civil infrastructure support to prepare for and recover from large-scale natural disasters, suggests a new report from Assurex Global, a privately-held commercial insurance, risk management and employee benefits

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Posting vacation plans, pictures could put polled Quebecers’ home security at risk: Allstate Canada

July 18, 2016 by Canadian Underwriter

Informing everyone via social media just how great a vacation is or is going to be could be putting Canadians’ largest investments – their homes – at risk of breaches in home security, notes a new survey issued Monday by

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Need for cultural shift to improve cyber security awareness: Wombat Security

July 7, 2016 by Canadian Underwriter

It is disheartening to see how the end-user is being managed when it comes to combating cyber security threats, suggests Amy Baker, vice president of marketing for Wombat Security Technologies, Inc. “Insider threats are widely discussed and well-recognized, so it