Keyword
Risk
Risk managers sometimes overlook ‘positive side of risk:’ RIMS report
June 7, 2016 by Canadian UnderwriterOrganizations 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…
Chubb adds cyberbullying coverage for Canadian homeowners customers
June 2, 2016 by Canadian UnderwriterChubb 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…
Bill clarifying when Ontario trail users willingly assume all risks passes third reading
June 2, 2016 by Canadian UnderwriterA 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…
Too many unknowns to recommend fracking in western Newfoundland: review panel
May 31, 2016 Sue Bailey - THE CANADIAN PRESSST. 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…
Internet fragmentation among top emerging risks for the reinsurance industry, society: Swiss Re
May 25, 2016 by Canadian UnderwriterInternet 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…
Corporate investigations on the rise, study suggests
May 24, 2016 by Canadian UnderwriterCorporate 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…
Gaps identified in readiness of Canadian boards to crisis management
May 20, 2016 by Canadian UnderwriterMore 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…
As risk of farm losses rise, so too do number of farmers buying crop insurance
May 10, 2016 Ian Bickis - THE CANADIAN PRESSCALGARY – Kelly McIntyre has tilled the soils of northwestern Alberta for more than 30 years, but only this spring did he conclude that he needed crop insurance. “There just seems to be increased risk, more risk all the time,”…
Only a quarter of respondents say their enterprises monitor business partners at least quarterly: anti-corruption research
April 28, 2016 by Canadian UnderwriterJust 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones…
Fed keeps key rate unchanged; no hint on timing of next hike
April 27, 2016 Martin Crutsinger - THE ASSOCIATED PRESSWASHINGTON – The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur. In a statement after its…
OSFI staff ‘very actively engaged’ in international capital standard for insurers: Zelmer
April 20, 2016 Greg Meckbach, Associate EditorAn international capital standard for global systemically important insurers is “probably not going to have much of an impact on the Canadian p&c industry,” an official with the Office of the Superintendent of Financial Institutions suggested recently, but Canadian insurers…
UN, World Bank Group and insurance industry join forces for formation of Insurance Development Forum
April 18, 2016 by Canadian UnderwriterLeaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has…