Canadian Underwriter

Risk Management

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News BrokersInsuranceLegalProfessional Development

Where DEI training doesn’t work

October 6, 2022 by Alyssa DiSabatino

Incorporating diversity, equity and inclusion (DEI) successfully into the workplace has to come from a genuine desire to improve a workplace culture rather than as a way to check boxes, speakers said in a RIMS Canada Conference panel discussion.   “Often

Halifax's Fairview container pier
News InsuranceMarkets / CoveragesRisk

Clearing ports, adding skilled labour key to unblocking supply chain: task force

October 6, 2022 The Canadian Press

OTTAWA – A federal task force says Canada’s transportation supply chain is approaching its “breaking point” and urgent action from both government and industry is needed to keep goods flowing. The National Supply Chain Task Force makes 21 recommendations in

A diverse business team caught in red tape
News InsuranceLegalLegislation / RegulationRisk

Regulating business culture. A “solution in search of a problem?”

October 4, 2022 by David Gambrill

In what lawyers are calling a “solution in search of a problem,” Canada’s solvency regulator is seeking input from the Canadian property and casualty insurance industry on how to regulate business culture. “I feel like this culture conversation in Canada

A Hockey Canada document being reviewed by an MP
News ClaimsInsuranceLegal

Hockey Canada’s board to answer to feds

October 4, 2022 The Canadian Press

OTTAWA – Hockey Canada’s board chairs, past and present, will answer to the federal government today on the hockey body’s handling of alleged sexual assaults and how money was paid out in lawsuits. Former chair Michael Brind’Amour and interim chair

Construction sites are coping with higher materials costs
News BrokersClaimsCommercial LinesConstructionInsuranceReinsurance

How a building owner should respond when a contractor’s hit by inflation

September 29, 2022 Derek Sayers

How can you prevent construction claims stemming from disputes over project costs that rise due to inflation? For construction project owners, the simplest way to control escalating costs may appear to be sticking to the contract price. The contractor bid

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News AppointmentsAssociationsEmploymentInsuranceRisk

Why risk managers are feeling a sense of urgency

September 29, 2022 by Jason Contant

The COVID-19 pandemic has changed the business and risk landscape dramatically over the past couple of years and created a sense of urgency to spread risk knowledge and education, the new CEO of RIMS said in an interview with Canadian

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News BrokersInsuranceLegislation / RegulationRisk

Why your clients’ companies need to start ‘friendshoring’ their supply chains

September 28, 2022 by Alyssa DiSabatino

Supply chain disruptions can be circumvented if businesses start to engage in ‘friendshoring,’ one risk expert told the RIMS Canada Conference in Halifax. “Friendshoring is a polite way of saying the only people you can have in your supply chains

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News BrokersClaimsInsurance

What your commercial clients forget to do after a cyber breach

September 27, 2022 by Alyssa DiSabatino

Commercial clients who suffered a cyber data breach may be inclined to quickly pay the ransom and get back on their feet, but brokers should advise their clients not to forget about post-breach communication with their customers and employees.  If

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News ClaimsEmploymentProfessional DevelopmentRisk

School board lacked authority to suspend trustees over alleged bullying: B.C. judge

September 27, 2022 The Canadian Press

VICTORIA – A B.C. Supreme Court judge has ruled the Greater Victoria School Board lacked the authority to censure and suspend two elected trustees over allegations of harassment and bullying. Justice Briana Hardwick says in a written decision that the

Oilsands in Alberta
News Climate ChangeInsuranceMarkets / Coverages

Environment commitments not met by Canada’s oil and gas companies, new report shows  

September 26, 2022 Caitlin Yardley - THE CANADIAN PRESS 

Most of Canada’s oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.   A report from the Pembina Institute said little has been done by

Illustration of a businessman holding a scale above his head with a house on one side and a bag of money on the other side
News BrokersClaimsClaims CanadaCommercial LinesInsuranceReinsurance

How to ensure your clients’ property values are accurate amid volatility

September 26, 2022 Alyssa Di Sabatino

Inaccurate property values were an industry-wide challenge in construction even before the pandemic brought economic volatility. So, how can you accurately quantify an insured’s risk when the pricing is so volatile? Clients are at risk of being underinsured when reported

Illustration of a side silhouette of an industrial, pollution filled face with a long pinocchio-like nose. A green mask filled with plants is in front of the nose.
News BrokersClimate ChangeInsuranceLegalLegislation / Regulation

How brokers can prevent D&O clients from getting burned for greenwashing

September 23, 2022 by Alyssa DiSabatino

Investors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act in accordance with their stated climate goals, says a financial services executive at Marsh Canada. Commercial brokers can help their