Segment
Risk Management
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…
Take-up rates low in this line of commercial insurance: Lloyd’s
October 22, 2019 by Greg MeckbachIs your client’s loss of income covered if the business got interrupted because of a catastrophe that hit a supplier? That depends on what the policy says and whether the client actually bought contingent business interruption (CBI) insurance. And these…
How much leeway does a condo corporation have when conducting repairs?
October 18, 2019 by Jason ContantIf a condo corporation enters your client’s unit to repair suspected flood damage but finds other hazards, can they complete those additional repairs instead and seek reimbursement from the unit owner? It would appear not, if the factors of the…
How this city made basement flooding risk predictions more precise
October 17, 2019 by Greg MeckbachBrokers wanting to find out how likely their client’s basement will be flooded might want to ask whether the insurance companies are using data from the municipality in their flood maps. “A lot of residents have indicated concerns with purchasing…
5 lessons for M&A newbies, courtesy of serial acquirers
October 10, 2019 by Jason ContantWhat are some of the best practices in mergers and acquisitions (M&A)? David Hunt, senior director of mergers and acquisitions at Willis Towers Watson, said in a recent blog that newcomers can learn from the best serial acquirers. While not…
Quebec to appeal court ruling on homegrown cannabis
October 10, 2019 The Canadian PressQUEBEC – The Quebec government says it will appeal a decision invalidating parts of Quebec’s cannabis law that prohibited home cultivation. On Sept. 3, Quebec Superior Court Justice Manon Lavoie ruled Quebec’s legislation infringed upon the jurisdiction of the federal…
Are federal politicians and the P&C industry aligned on flood prevention?
October 4, 2019 by Adam MalikInsurance Bureau of Canada (IBC) has “been very vocal” throughout the federal election campaign on the need for a national plan to reduce flood risk, Craig Stewart, the group’s vice president of government affairs told Canadian Underwriter in a recent…
Province considering regulatory changes for vaping
October 3, 2019 The Canadian PressHALIFAX – Nova Scotia Premier Stephen McNeil says his government is looking at regulations that could ban flavoured vaping products in the province. McNeil responded Wednesday after the Opposition Progressive Conservatives introduced legislation aimed at addressing the growing numbers of…
The burning question: where is Canada’s national wildfire plan?
October 1, 2019 by Adam MalikEnough talk about wildfire risk has taken place, says Zurich Canada’s risk boss. Now there needs to be real action around building a national strategy on wildfires. It’s been three years since the wildfires in Fort McMurray, Alta., for which…
When more Isn’t merrier
September 27, 2019 Adam Malik, Managing EditorHow can a joyous occasion turn into a nightmare scenario? The perils of public parades
What risk managers want from their brokers
September 26, 2019 by Adam MalikAs the market transforms, risk managers are looking for their brokers to keep them up to speed on market dynamics and why they are happening, a panel discussion said. Times are more challenging for everyone in the insurance industry, which…
Why now is the time to shine for risk managers
September 24, 2019 by Adam MalikFacing increasingly difficult market conditions means now’s the time risk managers can prove their true worth, one expert told a recent panel. Steve Pottle, director of risk management at Thompson Rivers University in Kamloops, B.C., said that as renewal costs…