Segment
Risk Management
How brokers can prevent D&O clients from getting burned for greenwashing
September 23, 2022 by Alyssa DiSabatinoInvestors 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…
Why insurers are rethinking coverage for older machinery
September 22, 2022 Alyssa DiSabatinoAging machinery and equipment are historically slow to get replaced. Add supply chain disruptions into the mix, and businesses with equipment breakdown coverage could be waiting longer for replacement parts or products, said Doug Laurin, director of national energy and…
Climate change effect on public transportation infrastructure to cost billions: financial watchdog
September 22, 2022 The Canadian PressTORONTO – Ontario’s financial watchdog says the effects of climate change are projected to cost the province an extra $1.5 billion a year on average in the next few years just to maintain public transportation infrastructure. A report released today…
Who is putting your client’s company at risk for a cyber scam?
September 22, 2022 by Alyssa DiSabatinoTwo-in-five employees surveyed (42%) said they’ve seen an increase in cyber scam attempts over the last year, yet only a third of surveyed employees (34%) reported their company provides mandatory cyber security awareness training, finds new research by the Insurance…
Do’s and don’ts for dealing with global warming claims
September 21, 2022 by Alyssa DiSabatinoInsurers predict the frequency and sustainability of climate change-related litigation could soon become a significant issue. But there are ways for risk managers to pursue coverage effectively when their businesses are faced with climate-related claims, such as quantifying risk, working…
Solutions for supply chain disruptions that will stop clients from “panic buying”
September 19, 2022 by Alyssa DiSabatinoCompanies panic-buying supplies is one factor adding further stress to the supply chain, says one expert in a panel discussion at RIMS Canada Conference in Halifax. But solutions—like contingent business interruption (CBI), shipping via multiple methods and shrinking the supply…
It’s not always wise to base coverage solely on clients’ balance sheets
September 16, 2022 David GambrillLess than one-quarter of Canadian businesses have trade credit insurance, which protects their receivables against buyer default and bankruptcies, but Intact Insurance predicts that market penetration is likely to change as the pace and size of interest rate hikes could…
Dozens of cyberespionage operations perpetrated against Canada since 2010: study
September 16, 2022 Jim Bronskill - THE CANADIAN PRESSOTTAWA – A new academic analysis has identified at least 75 foreign digital operations of a malicious political or industrial nature directed at Canada since 2010 – from attempts to steal COVID-19-related research to the targeting of Uyghur human rights…
P&C industry should consider “under-hiring” to fill talent gap: RIMS panel
September 15, 2022 by Alyssa DiSabatinoP&C insurance is still struggling to backfill employees, as executives retire and the Great Resignation directs workers to other industries, industry experts told delegates attending a RIMS Canada Conference panel in Halifax. Possible solutions include turning to students (via apprenticeships),…
WTW’s new global client exec for Canada
September 15, 2022 by David GambrillHelen DiVito is the new executive global client advocate for Canada at WTW, a global advisory, broking, and solutions company. As global client advocate, DiVito will be responsible for developing and maintaining relationships with risk and finance executives at Fortune…
A bridge to nowhere: Natural gas will not lead Canada to a sustainable energy future
September 14, 2022 The Canadian PressBy Amy Janzwood, SSHRC Postdoctoral Fellow, Department of Political Science, University of British Columbia and Heather Millar, Assistant Professor, Department of Political Science, University of New Brunswick – THE CONVERSATION This article was originally published on The Conversation, an independent…
Commercial insureds favour supply chain certainty over higher costs of goods
September 14, 2022 by David GambrillCommercial clients of the Canadian P&C industry are pragmatically accepting higher costs of goods to achieve more certainty around product and service delivery, one P&C industry executive observed. It’s a pragmatic response to a volatile world featuring war, a looming…