Canadian Underwriter

Keyword
risk mitigation

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B.C. must urgently change forest strategies or face more wildfire disasters: report

June 30, 2023 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – British Columbia’s independent forests watchdog is calling for the provincial government to make critical changes to how it manages forests to reduce the risk of catastrophic wildfires. The report, released Thursday by the B.C. Forest Practices Board, says

Jumping over a shark to represent risk.
News BrokersCommercial LinesConstructionInsuranceRisk

Why D&O brokers are looking at risk mitigation

May 19, 2023 Philip Porado

Amid signs the recently easing directors and officers (D&O) coverage segment may gradually become a bit tougher, brokers and insurers will be taking a closer look at companies’ risk-mitigation procedures. When writing risks, Catherine Lanctot, senior vice president and national

Solar panel and wind turbine farm clean energy.
News Insurance

Ignoring ESG means ‘significant’ D&O risk to insurers and business: AGCS

October 19, 2021 Canadian Underwriter Staff

Businesses and insurers ignore environmental, social and governance (ESG) issues at their peril, an Allianz Global Corporate & Specialty (AGCS) report released this month suggests. “If an ESG issue is not handled or disclosed appropriately by the company or board,

News AnnouncementsCatastrophesInsurance

ICLR’s Paul Kovacs honoured with lifetime achievement award

February 8, 2021 by David Gambrill

Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), has received the Joseph Scanlon Lifetime Achievement Award from the Canadian Risk and Hazards Network (CRHNet). CRHNet is a not-for-profit organization established in 2003 to share hazards research

News BrokersInsuranceRisk

Commercial clients want your advice on how to re-open safely. What do you tell them?

July 8, 2020 by David Gambrill

As provincial governments across Canada begin to fire up their local economies in staged phases, Canadian businesses are asking their brokerages for advice on how to re-open safely. Aon Canada is already engaged in these sorts of their discussions with

Feature Risk

Sticker Shock

April 1, 2020 Greg Meckbach, Associate Editor

How will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Augmented and virtual reality poised to impact insurance industry: Novarica

August 29, 2017 by Canadian Underwriter

Augmented and virtual reality each boast considerable potential for impact within the insurance industry, with implications spanning risk mitigation, improved efficiency and loss ratios and enhanced customer service, Novarica said in a new executive brief. While their effect will be

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Proposed new pilot rest regulations published for public comment until Sept. 29

July 12, 2017 by Canadian Underwriter

Canada’s aviation regulator is proposing new regulations that would reduce the maximum number of hours that pilots would be allowed to be on flight duty and mandate a “holistic risk management approach” in some cases, to addressing the problem of

News InsuranceLegalLegislation / RegulationMarkets / Coverages

Ontario courts will ‘provide some meaning’ to probationary terms in employment contracts but minimum notice standards still apply

July 6, 2017 by Canadian Underwriter

Employers should “reconsider” starting workers on probation if those probationary periods are being used “legal risk mitigation” strategies, a Toronto lawyer suggested Tuesday in a blog post. In Ontario, when a probationary period is for longer than three months, employer

News CatastrophesConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insured losses from Tropical Cyclone Debbie reach nearly AU$1 billion: Insurance Council of Australia

June 30, 2017 by Canadian Underwriter

Insured losses from Tropical Cyclone Debbie have reached nearly AU$1 billion as of June 28, the Insurance Council of Australia (ICA) said on Thursday. As of June 28, insurers had received more than 58,000 claims stretching from North Queensland to

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Federal rail safety bill would set ‘strict criteria’ on how locomotive voice and video recorder data could be used: Garneau

June 21, 2017 by Canadian Underwriter

Canada’s transport minister says federal legislation mandating locomotive voice and video recorders would, if passed into law, give the rail industry “opportunities to mitigate risks” but an opposition MP recently warned such a law could violate employees right to privacy.