Canadian Underwriter

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Risk Management


News InsuranceRisk

Death serves as strong reminder of homeowners’ alcohol liability risk: Police

August 3, 2018 The Canadian Press

LEITCHES CREEK, N.S. – Charges have been laid after a 17-year-old boy was struck and killed while walking home from a Cape Breton grad party, as a police chief denounced the “misinformation” circulating after the crash. Cape Breton Regional Police

News EmploymentProfessional DevelopmentRiskTechnology

Why Canadian companies need to ‘digitally upskill’ their staff

August 2, 2018 by Jason Contant

While a majority (85%) of Canadian organizations are investing in emerging technologies, few of them are managing the risks associated with technology, such as cybersecurity threats and lack of talent, a recent PwC Canada report has found. The Full Risk

News BrokersInsuranceRiskTechnology

How to advise clients on cyber after Algonquin breach

July 31, 2018 by Jason Contant

Brokers can aid their clients by raising awareness of the common tactics of cybercriminals, as well as by advising their clients to be careful about with whom they share their personally identifiable information (PII). Zac Cohen, general manager of Vancouver-based

News CatastrophesClimate ChangeInsuranceRisk

What Canada’s P&C industry has learned from catastrophes

July 31, 2018 by David Gambrill

Each catastrophe presents a unique learning opportunity for today’s risk and insurance professional; over time, savvy risk experts will use these broad-scale “teachable moments” to better prepare their clients and employers to be more resilient in the future. Canadian Underwriter

News Risk

Woman drowns after small, intense storm floods basement

July 31, 2018 Colleen Slevin and Kathleen Foody - THE ASSOCIATED PRESS

ENGLEWOOD, Colo. – Rachael Haber only intended to stay a few minutes when she stopped by the basement apartment of a travelling friend to check on her pet cat. While she was there Tuesday, a small but intense storm hit

News InsuranceMarkets / CoveragesReinsuranceTechnology

The trick to getting blockchain to work for insurance

July 30, 2018 by Jason Contant

The trick to getting blockchain to work in the insurance space is getting all the players in the market to align and agree on common standards and a way to govern the blockchain, Aon Benfield’s chief information officer said Friday.

News Climate ChangeInsuranceRisk

One Ontario industry vulnerable to weather extremes

July 30, 2018 by Greg Meckbach

If your client is in the food production or distribution field, you might want to consider the impact of extreme weather. “Restaurants do not prioritize purchasing backup generators, or flood or business interruption insurance,” a report presented last week to

News BrokersInsuranceMarkets / CoveragesRisk

Questions to ask clients who serve alcohol

July 30, 2018 by Jason Contant

Risk managers in the restaurant and bar business need to “mine” for information from potential insureds to make sure they exercise their duty of care in serving alcohol responsibly. “From a risk management standpoint, what’s key is the insured is

News ClaimsRiskTechnology

One easy way for retailers to manage cyber risk

July 30, 2018 by Greg Meckbach

Retailers can reduce cyber liability risk if managers know exactly where computer files containing sensitive information is stored. Many retailers are “expanding their digital footprints” and storing personal information – such as customers’ names and addresses – on computers, noted

News InsuranceLegalMarkets / Coverages

What your hospitality clients need to know about their liability limits

July 29, 2018 by Jason Contant

In the restaurant and bar business, those serving alcohol are trained to recognize the symptoms of intoxication to prevent an “overservice” problem, and subsequent liability to the business. But what happens when a customer has been drinking in multiple establishments before

News ClaimsClimate ChangeInsurance

Will the Maritimes be insurable if climate change left unchecked?

July 29, 2018 by Jason Contant

The financial costs of flooding in the Maritimes could increase dramatically by the end of the century under a “business-as-usual climate scenario,” even without accounting for changes people have made to the environment that could increase exposure, according to a

News LegalRisk

One-third of victims in car crash deaths not wearing seatbelts: NL RCMP

July 29, 2018 by Jason Contant

JOHN’S, N.L. – RCMP in Newfoundland and Labrador say one-third of collision fatalities over a five-year span involved people not wearing seatbelts. They say that from 2013 until mid-July, 182 people were killed in 154 crashes with about 35 per