438 articles for Aug 2007
Aon Benfield’s Tropical Storm Risk, Colorado State University issue forecast for 2017 Atlantic Hurricane Season
April 11, 2017 by Canadian UnderwriterAon Benfield’s Tropical Storm Risk (TSR) and a research scientist at the Colorado State University (CSU) have both predicted 11 named storms, four hurricanes and two major (Category 3+) hurricanes between the months of June and November. TSR, part of…
Transportation Safety Board calls for ‘clear standards limiting’ airplane approaches and landings in thunderstorms
April 3, 2017 by Canadian UnderwriterUnless Canadian airports have systems that alert air crew to wind shear, aircraft “may be exposed to the risk of approach-and-landing accidents,” the Transportation Safety Board of Canada warned in a recent investigation report. TSB released Tuesday an investigation report…
Canadian executives investing in tech skills training, but still struggle to keep up with technology change: PwC Canada
March 29, 2017 by Canadian UnderwriterPolled Canadian organizations are struggling to keep up with constant technology change despite executives viewing digital strategy, cyber security and data analytics as quite or highly important skills to their businesses, notes a new report issued Wednesday by PricewaterhouseCoopers (PwC)…
Global insured losses from disasters up 42%, economic losses almost double in 2016 over 2015: Swiss Re
March 28, 2017 by Canadian UnderwriterBoth economic and insured losses from natural catastrophes and man-made disasters in 2016 were the highest since 2012 – reversing a four-year downtrend – amounting to US$54 billion and US$175 billion, respectively, notes the latest sigma study from the Swiss…
The extra mile
March 21, 2017 byFor three generations of Keiltys, a name today synonymous with the biggest brokerage in Canada, there’s nothing more important than putting the customer first.
FirstOnSite Restoration Strengthens Leadership Team in Alberta, Saskatchewan and Manitoba
March 20, 2017 FirstOnSite Restoration LimitedMISSISSAUGA – FirstOnSite Restoration, Canada’s leading independent disaster restoration services provider, has strengthened its leadership team in the Prairies with a series of senior appointments. Kevin Clarke has taken on the role of Senior Vice-President – Prairies, Jamie Mackie has been…
Deconstructing Risk
March 1, 2017 Greg Meckbach, Associate EditorRisk management is really about applying common sense, suggests RIMS Canada Council chair Ren Lips, who has spent most of her career in risk and insurance within construction.
Duty Affirmed
February 2, 2017 Michael Teitelbaum, Partner, Hughes Amys LLPThe Court of Appeal for Ontario has affirmed the duty to defend in a recent case exploring if consequential or resulting damage attracts commercial general liability coverage. The decision is of interest because it negated the motion judge’s ruling, which seemed to be the first Canadian case to address if application of the “subcontractor exception” in the “your work” exclusion can be constrained by a finding that the subcontractor was engaged only as a supplier, and not a contractor.
Recent High Profile Cyber Breaches
January 20, 2017 byCasino Rama, Ashley Madison and Yahoo are among the organizations recently hit by cyber breaches
Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters
January 18, 2017 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated Tuesday its recommendation from October, 2016 that Transport Canada establish “rigorous crash survivability requirements” for aircraft emergency locator transmitters. TSB released Jan. 17 an investigation report into a fatal helicopter crash that occurred…
Alberta Energy Resources Conservation Board immune from $50,000 lawsuit alleging Charter rights violations: Supreme Court
January 16, 2017 by Canadian UnderwriterLaws that shield quasi-judicial decision makers and public inquiry officials from personal damages claims are meant to protect their impartiality, a Supreme Court of Canada judge suggested in a ruling released Friday. Jessica Ernst sought a remedy of $50,000 from…
Severe Burns
January 1, 2017 Greg Meckbach, Associate EditorWater losses may be high on the list of claims professionals’ concerns, but disasters in Tianjin, China, Oakland, California and Fort McMurray, Alberta serve as poignant reminders that fire is still a major cause of insured loss for commercial properties. Risk mitigation measures – such as sprinkler systems – can help reduce frequency and severity. But some insurance professionals point out that the use of plastics in manufacturing, expensive equipment and a lack of alternate facilities can exacerbate the severity of an industrial fire.