Segment
Risk Management
Auditor scolds Alberta over mine cleanup fund, how province handles polluted sites
June 11, 2021 Bob Weber - THE CANADIAN PRESSEDMONTON – Alberta’s auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program that’s supposed to guarantee coal and oilsands mines clean up after themselves. Doug Wylie says there’s so much…
Exploding device at gender reveal party leads to wildfire in northern Alberta
June 10, 2021 The Canadian PressFORT MCMURRAY, Alta. – A $600 fine has been issued after a gender reveal party led to a wildfire in Alberta. Travis Fairweather, a wildfire information officer, says the party was taking place about 10 kilometres west of Fort McMurray…
Forget data: The case for going with your gut instinct
June 8, 2021 by David GambrillData analysis may be held up as the gold standard for making sound business decisions. But a recent study suggests gut instinct — when backed up by simple decision aids — may actually be better in situations of high uncertainty.…
Wildfire service outlook points to rising fire risk for southern B.C.
June 8, 2021 The Canadian PressVANCOUVER – Rainfall in the next three weeks is crucial if British Columbia hopes to avoid a devastating wildfire season, but the latest outlook from the BC Wildfire Service offers little optimism. The service says rainfall and temperatures were near…
Insurance provider for Trans Mountain pipeline says it won’t renew policy
June 3, 2021 The Canadian PressCALGARY – An insurance provider for the Trans Mountain pipeline said it will not renew its policy with the company when it expires in August. Argo Group International Holdings Ltd., an international underwriter based in Bermuda, said the project no…
How P&C insurers are using their muscle to reduce carbon
June 2, 2021 by David GambrillGlobal P&C insurers are not only setting ambitious carbon reduction targets for themselves, but they are also using their investment clout to restrict cover for high polluters in the oil and gas sectors, a commentary released by DBRS Morningstar Wednesday…
Are your condo clients covered for ‘special assessment’ costs?
June 2, 2021 by David GambrillIn an age when a condo corporation’s insurance may not provide enough coverage for an insured loss, brokers can help their clients by advising condo unit owners about the merits of special assessment insurance, one lawyer suggests. “It is important…
How video conferencing misbehaviour creates commercial liability risk
June 1, 2021 by Greg MeckbachInappropriate behaviour during video conferences can lead to employment practices liability claims, an expert with The Travelers Companies Inc. warns. New York City-based Travelers is observing “Zoom etiquette claims,” said the insurer’s employment practices liability product manager, Chris Williams, during…
Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator
May 31, 2021 Bob Weber - THE CANADIAN PRESSEDMONTON – There’s lots of life in Alberta’s conventional oil industry and plenty of resources and political will to clean up the mess it leaves behind, says the head of the province’s energy regulator. “Will there be halcyon-days growth in…
Should insurers (and others) be banned from making cyber ransom payments?
May 30, 2021 by David GambrillEditor’s Note: A previous verison of this article incorrectly stated that a cyberattack against AXA had happened after AXA’s announcement that it was suspecnding insurance coverage in France for ransomeware extortion payments. In fact, as per a Financial Times report…
Canada Post says 950,000 customers potentially exposed to supplier data breach
May 28, 2021 The Canadian PressOTTAWA – Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers. The Crown agency says it was informed by Commport Communications earlier this month that the manifest data held…
Fracking likely to create stronger, more common earthquakes in B.C., study says
May 26, 2021 Bob Weber - THE CANADIAN PRESSMore damaging earthquakes can be expected more often in northern British Columbia as fracking oil and gas wells increases pressure underground, says newly published research. “It makes earthquakes more common and it makes larger ones more common,” said Allan Chapman,…