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Risk


News Climate ChangeInsurance

Companies need to come clean about climate change risk, Mark Carney says

July 15, 2016 Colin Perkel - THE CANADIAN PRESS

TORONTO – Only about one-third of the world’s 1,000 largest companies provide effective disclosure of the risks they face due to climate change, Bank of England Governor Mark Carney said Friday. Lack of full disclosure, Carney said, makes it difficult

News AssociationsCatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

XL Catlin sponsors deep ocean survey to better understand climate change impacts

July 6, 2016 by Canadian Underwriter

XL Catlin will sponsor a new scientific survey to research the deep ocean, information from which will hopefully shed light on the potential impact of climate change and the risks that businesses, society and ecosystems will face in future. The

News Climate ChangeInsuranceMergers and AqcuisitionsTechnology

Flood Risk Canada launches digital platform to help make flood zone determinations

June 30, 2016 by Canadian Underwriter

Flood Risk Canada, Inc. Wednesday announced the availability of a new digital platform that seeks to provide accurate and fast flood zone determinations for the properties in Canada. The launch of www.floodzone.ca is meant to help meet the need for

News InsuranceProfessional DevelopmentTechnology

Executives want insurance decision-making to be faster: PwC report

June 29, 2016 by Canadian Underwriter

Executives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber security enters U.S. manufacturers’ Top 10 risks: BDO

June 22, 2016 by Canadian Underwriter

Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in

News InsuranceProfessional Development

Risk managers sometimes overlook ‘positive side of risk:’ RIMS report

June 7, 2016 by Canadian Underwriter

Organizations need to take some risks,  and risk managers need to understand the value of taking such risks, Risk and Insurance Management Society Inc. (RIMS) said in a report announced Tuesday. “Usually risk is defined as the possibility of loss

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Chubb adds cyberbullying coverage for Canadian homeowners customers

June 2, 2016 by Canadian Underwriter

Chubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal

News InsuranceLegislation / Regulation

Bill clarifying when Ontario trail users willingly assume all risks passes third reading

June 2, 2016 by Canadian Underwriter

A bill that would “clarify the standard of care” owed to users of trails in Ontario passed third reading Wednesday, paving the way for the legislation to receive royal assent. Bill 100, the Supporting Ontario’s Trails Act, was the subject

News CatastrophesConstructionInsurance

Too many unknowns to recommend fracking in western Newfoundland: review panel

May 31, 2016 Sue Bailey - THE CANADIAN PRESS

ST. JOHN’S, N.L. – There are too many unknown risks and data gaps to green-light fracking, says a government-appointed panel that studied hydraulic fracturing in western Newfoundland. In a report released Tuesday, it recommends that the province continue its freeze

News CatastrophesInsuranceTechnology

Internet fragmentation among top emerging risks for the reinsurance industry, society: Swiss Re

May 25, 2016 by Canadian Underwriter

Internet fragmentation is among the top three emerging risks – of the 21 detailed in Swiss Re’s latest SONAR report released Wednesday – with the highest potential impact on the reinsurance industry and society. “Firewalls, special software to filter out

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsProfessional Development

Corporate investigations on the rise, study suggests

May 24, 2016 by Canadian Underwriter

Corporate investigations are on the rise, with over a quarter (27%) of businesses saying they have experienced a claim or investigation involving a director of their company in the past year, up from one in five in 2014. That was

News CatastrophesInsuranceLegal

Gaps identified in readiness of Canadian boards to crisis management

May 20, 2016 by Canadian Underwriter

More diligence is required to protect board members in the wake of a crisis, suggests a new white paper prepared by Osler, Hoskin & Harcourt LLP for the Institute of Corporate Directors (ICD). Based on a survey of 400 Canadian