Keyword
supply chain
How COVID-19 will forever change this line of business
May 1, 2020 by Jason ContantCOVID-19 has highlighted the concerns associated with clustering suppliers in one region, such as China. Supply chain risk is one area of insurance that will see changes in the post-pandemic world, according to Tracy McLean, senior vice president of global…
Why COVID-19 is hitting your supply chain clients particularly hard
April 15, 2020 by Jason ContantBy clustering suppliers in a region, a single event like COVID-19 can have an even broader impact than typically expected, a Zurich Canada executive said recently. “One of the things that businesses can do is look at where they have…
Blockade trips up Canada’s biggest ports as shippers steer clear of rail closure
February 21, 2020 Christopher Reynolds - THE CANADIAN PRESSMONTREAL – A rail blockade in eastern Ontario has led to backlogs at Canada’s three biggest ports, prompting some shippers to take their business elsewhere as cargo piles up and dockworkers’ paycheques shrink. The protest along Canadian National Railway tracks…
Chain of Command
December 4, 2019 By Emily Atkins, Freelance WriterTD Insurance now owns several auto repair centres, yet another example of an insurer buying into the supply chain
The big question mark on supply chain liability risk
October 23, 2019 by Greg MeckbachWhat liability risk do Canadian corporate clients face if they have supply chains in countries where workers are vulnerable to abuse or unsafe working conditions? It’s an open question right now, but brokers could get some guidance once the Supreme…
Trade war? There may be insurance for that
July 22, 2018 by David GambrillAs the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take…
The evolving nature of business interruption
July 6, 2018 Aleksandra ZivanovicIn the face of climate change, cyber risks, and mass terror plots affecting entire regions and sometimes economic sectors, business interruption coverage is a challenging coverage to both write and adjust. This challenge is multi-faceted and directly impacted by global…
Cybercriminals are infiltrating software vendors, launching supply chain attacks
April 11, 2018 by Jason ContantCybercriminals are moving into the terrain of supply chain attacks, masquerading as signed apps, and using ransomware as a distraction to steal money from the network. Each of these are “interesting new areas” that cybercriminals may exploit in the future,…
Utilities cautioned to act now to strengthen their cyber security defences: Accenture
October 5, 2017 by Canadian UnderwriterUnprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests…
Risk of Recall
September 15, 2017 Cameron Brady, Assistant Vice President, Product Recall Underwriting, ChubbProduct recalls can have a significant impact on a business, regardless of its industry, size or location. Brokers need to keep abreast of associated risks to inform clients about what insurance coverage should be in place and to help them develop a product recall plan that best suits their needs and exposures.
Emergency broadcast station being considered in New Brunswick following January ice storm
August 21, 2017 by Canadian UnderwriterNew Brunswick’s primary electrical utility in the province, NB Power, and the province’s Emergency Measures Organization (EMO) said on Friday that they considering creating a dedicated emergency broadcast station to provide essential information to people in the province in times of crisis. The consideration is one of 51 recommendations contained in a provincial review of the Atlantic Canada storm in the winter of 2017, released on Friday. From Jan. 24-26, an ice storm hit central and eastern New Brunswick, from Miscou Island to Sackville. The intense low-pressure system resulted in…
Chubb’s multi-line practice to focus on large transportation clients in U.S. and Canada, help address wide range of risks
July 20, 2017 by Canadian UnderwriterChubb’s newly launched multi-line industry practice will focus on providing insurance products, service and risk management solutions for best-in-class large risk transportation clients in both the United States and Canada. The formalization of the practice, within the insurer’s Major Accounts…