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Risk Management

News InsuranceRiskTechnology

How Travelers advises clients to mitigate auto risk

August 23, 2019 by Greg Meckbach

Do your commercial clients have a strict policy of not calling employees while they are driving? Many drivers who are distracted are actually workers who are travelling on behalf of their employers during the day, Ontario Provincial Police Sergeant Gord

News InsuranceMarkets / Coverages

Three reasons why healthcare is often the target of cyberattacks

August 21, 2019 by Jason Contant

If your client works in the healthcare industry in Canada, they likely know they are an attractive target for cybercriminals. But new research from global cybersecurity company Kaspersky sheds light on some of the reasons why. The study of more

News RiskTechnology

How B.C. auditor general rates the provincial government’s cyber security

August 20, 2019 by Greg Meckbach

If your client has a formal process to disable computer network access for employees and contractors who no longer work there, that client’s cybersecurity is better in at least one respect than some of British Columbia government departments. The province’s

News Insurance

Flammable liquid risk should be top of mind for these clients

August 19, 2019 by Greg Meckbach

Commercial clients looking for ways of managing wildfire risk should turn their mind at some point to flammable liquid storage. “You wouldn’t want a gas can right up against the building,” said Scott Steinmetz, global head of risk control, MidCorp

News Insurance

Why risk managers need to go beyond heat maps

August 15, 2019 by Greg Meckbach

Risk managers using colour-coded heat maps may be pressed by their bosses for more specific information on their exposures, a new risk management expert at KPMG Canada suggests. Heat maps are a way for risk managers to report risks to

News ConstructionEngineeringRisk

Simple ways to keep a roof on during a tornado

August 13, 2019 by Jason Contant

The Institute for Catastrophic Loss Reduction (ICLR) and home building company Doug Tarry Homes Ltd. have joined forces for a pilot project on increasing the resilience of homes to high wind and tornado events. High winds contributed in part to

News InsuranceRisk

This airbag might increase injury risk

August 12, 2019 by Adam Malik

A relatively new attempt to lower the risk of injury in a collision has been panned by a safety group. The Insurance Institute for Highway Safety (IIHS) recently reviewed knee airbags – something that has grown in popularity of the

News InsuranceLegislation / Regulation

Top court releases decision in $2-billion building collapse lawsuit against Loblaws

August 8, 2019 by Greg Meckbach

A $2-billion lawsuit against Loblaws Companies Ltd., arising from the world’s deadliest accidental building collapse ever, is essentially tossed out of court. Canada’s high court announced Thursday it will not hear an appeal from Arati Rani Das, a garment factory

News InsuranceRisk

Why insurance is the worst investment

August 6, 2019 by Jason Contant

Is insurance a good investment? No, according to one risk manager. “I believe that insurance is the worst investment you can make,” said Stéphane Cossette, senior director of risk management with Quebecor Media Inc. in Montreal. “I actually tell people

News BrokersInsurance

Economic forecast: What it means for the insurance industry

August 1, 2019 by Adam Malik

Canada’s economy is expected to pick up in the coming months after going through a bit of a cold spell. But risks both domestically and abroad could get things off-kilter, a recent report found. An upward trend for the economy

News BrokersInsuranceMarkets / CoveragesRisk

What’s at the heart of today’s hardening market cycle

August 1, 2019 by Jason Contant

The origin of today’s hardened market cycle is a natural evolution of a very long soft market cycle, a senior risk manager told Canadian Underwriter recently. “I really believe that we had a soft market that lasted too long,” said

News Insurance

How it happened: Capital One’s $100-million cyber loss

July 30, 2019 by Greg Meckbach

Credit card issuer Capital One Financial Corp. expects that a massive cyber breach affecting millions of Canadians could cost the firm more than $100 million. “Expected costs are largely driven by customer notifications, credit monitoring, technology costs, and legal support,”