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Ottawa eases speed restrictions imposed after Saskatchewan derailment

February 18, 2020 The Canadian Press

OTTAWA – Transport Minister Marc Garneau is easing speed restrictions placed on certain trains following a derailment in Saskatchewan earlier this month that spilled 1.2 million litres of crude oil and started a massive fire. Garneau says the move is

News Risk

CN Rail shuts down eastern Canada rail network

February 14, 2020 Laura Kane -  THE CANADIAN PRESS

Blockades set up by anti-pipeline protesters have forced Canadian National Railway Co. to shut down its entire network in Eastern Canada and Via Rail to cancel passenger service across the country. CN said Thursday that the company must initiate a

News Professional DevelopmentRisk

Why culture is so important for data-driven companies

February 14, 2020 by Jason Contant

The biggest obstacles to creating data-based businesses aren’t technical, they’re cultural, said David Waller, a partner and head of data science and analytics for Oliver Wyman Labs. “It is simple enough to describe how to inject data into a decision-making

News Climate ChangeInsurance

Why P&C will need to lead the charge on climate change action

February 12, 2020 by Adam Malik

If recommendations from a report released last year on sustainable finance are going to succeed, the property and casualty insurance industry is going to play a key role in making it happen, said one expert. There is a lack of

News Risk

This is how serious feds take suspected breaches on cabinet ministers

February 12, 2020 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Federal cabinet ministers now have their own special hotline to report suspected hacking incidents. Officials at the Canadian Centre for Cyber Security set up the round-the-clock telephone service last year to respond swiftly to possible security breaches, newly

News InsuranceRiskTechnology

Cyber criminals using coronavirus-themed emails to deliver malware

February 10, 2020 The Canadian Press

TORONTO – A U.S. cybersecurity company says criminal groups are exploiting fears over the new coronavirus to attack the global shipping industry. California-based Proofpoint says it has detected a new email campaign that uses Microsoft Word attachments designed to trick

News InsuranceRiskTechnology

Why near-misses may hold the key to improved road safety

February 6, 2020 by Jason Contant

A startup based in Winnipeg is using near-miss data from intersections in an attempt to proactively, rather than reactively, help reduce traffic fatalities. “Up until now, traffic engineers have focused on using historical crash data that involve a fatality to

News Risk

Transportation minister orders speed restrictions after fiery derailment

February 6, 2020 The Canadian Press

GUERNSEY, Sask. – Transportation Minister Marc Garneau has announced speed restrictions on trains carrying dangerous goods after a derailment in Saskatchewan caused a dozen tankers carrying crude oil to catch fire. Garneau says the ministerial order will come into effect

News Risk

Will heavy precipitation in the U.S. lead to flooding in Manitoba?

February 5, 2020 The Canadian Press

WINNIPEG – Heavy precipitation in the United States is adding to concerns about potential flooding this spring in Manitoba. A report from the Manitoba government says precipitation amounts in the U.S. portions of the Red and Souris rivers since November

News BrokersInsuranceRisk

Brokers urged to help their commercial clients using these traditional, proven risk assessment tools

February 4, 2020 by David Gambrill

In addition to using modern data analytics, commercial brokers can use traditional, proven risk assessment tools to help business clients understand and cope with price increases in today’s hard market, says a veteran of three hard markets. Inspections have been

News InsuranceTechnology

These electronic devices might not be designed with cyber security in mind

February 4, 2020 by Greg Meckbach

Ransomware and privacy breaches may be among the top cyber threats on your radar, but are you aware of all of the connected manufacturing and other industrial control systems that may be at risk, a commercial insurer warns. “These production

News InsuranceRisk

Light earthquakes recorded around Newfoundland and Labrador

February 4, 2020 The Canadian Press

ST. JOHN’S, N.L. – A number of light earthquakes have been recorded around Newfoundland and Labrador over the last week, according to Earthquakes Canada. At approximately 2 p.m. local time on Monday, a magnitude 4.3 earthquake was registered in coastal