News

Chartis is reportedly interested in introducing a LEED insurance product in Canada that would help protect companies’ reputations in a lawsuit if the company failed to meet LEED certification.The Leadership in Energy and Environmental Design (LEED) is a green building…

Risk management systems must take into account the effects of globalization if they are to help risk managers avoid increasingly inter-related risk exposures, according to Lord Levene, Lloyd’s chairman. “We cannot simply try to hide away from risks, which travel…

The St. Lawrence Seaway Management Corporation (SLSMC) is reporting that an oil spill in the St. Lawrence Seaway following the grounding of the Canada Steamship Lines (CSL) bulker Richelieu has been contained by a series of booms, although the cleanup…

Reform-influenced auto insurance rates filed with Ontario’s regulator in 2010 Q2 show an average rate decrease of 1.03%, when weighted by market share.The 2010 Q2 rates take into account the province’s auto insurance reforms and will become effective when the…

Manitoba Public Insurance (MPI) reported a net income of $102.9 million for 2010 Q1, marking an increase over the net income of $17.3 million reported in 2009 Q1.Claims costs for the first fiscal quarter decreased by $85.2 million (to $105.4…

The vast majority of B.C. drivers report they no longer drive while using hand-held devices, but these same drivers report seeing other drivers using hand-held devices and feel the likelihood of being caught for doing so is low, according to…

It remains too early to tell whether the auto and home insurance claims generated by Calgary’s hailstorm on July 12, 2010 will compare to Canada’s biggest hailstorm claims event in 1991.The 1991 event, also in Calgary, was the country’s worst-recorded…

The Co-operators today announced $253,050 in donations to Canadian charities selected by Co-operators staff members, directors and delegates. The contributions are part of the organization’s Directed Donations program, in which staff members each direct $75 of corporate funds and directors…

Manitoba Public Insurance (MPI) is now posting on its Web site details about sanctions imposed by the Registrar of Motor Vehicles.Recent amendments to The Drivers and Vehicle Act give MPI the authority to publish information about sanctions against permit holders…

Managing product or service quality is the top outsourcing risk to organizations, yet less than half of respondents to an ESI International survey report having a strong risk management culture.ESI International surveyed 615 contractor managers, subcontractor buyers, project managers, senior…

Canadian mergers and acquisitions (M&A) activity is down 30% over the first half of 2010, compared to the same period last year, according to a mergermarket Canada survey. Overall, Canadian M&A activity totalled US$29.6 billion, down from the US$42.5 billion…

Major retail chains are more highly involved in the distribution of insurance in South Africa and Latin America than they are in North America, according to a global survey conducted by Research and Markets.The study, Global Retailer Insurance: Affinity Schemes…