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Risk Management


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Breach notification law calls for some ‘major adjustments’

November 13, 2018 by Greg Meckbach

The Canada-wide data breach law, which has been in effect for two weeks, is pushing businesses manage cyber risk more effectively, a computer security expert says. The federal Digital Privacy Act makes it mandatory for clients to disclose data breaches

News ClaimsLegal

Homeowner sued by victims of impaired driving accident

November 12, 2018 by Greg Meckbach

A host liability lawsuit, arising from a fatal drunk driving accident, is proceeding to trial in Ontario. A recent Court of Appeal for Ontario ruling shows judges disagree on how the 2006 Supreme Court of Canada ruling in Childs v. 

News InsuranceRisk

The Top 5 risks cited by Canadian executives

November 12, 2018 by Jason Contant

For the second year in a row, risks from cyberattacks is the top concern that executives in Canada have identified as the most dangerous for their business, according to a report published Monday by the World Economic Forum (WEF). In

News ClaimsRisk

Toronto-bound jet airliner has ‘accident on landing’

November 9, 2018 THE CANADIAN PRESS

GEORGETOWN, Guyana – A Fly Jamaica Airways plane headed to Toronto and reportedly carrying dozens of Canadians crash landed in Guyana on Friday after reporting a technical problem shortly after takeoff. In a statement early Friday, the airline said it

News InsuranceTechnology

How Canadian insurers should price for their ‘silent cyber’ exposures

November 8, 2018 by David Gambrill

The possibility exists of a global, widescale, multi-country cyber security breach. To get a true sense of their overall exposure, Canadian property and casualty insurers should be reviewing all of the policies they sell – not just dedicated cyber policies,

News RiskTechnology

Why cyber criminals may be targetting this Canadian bank

November 8, 2018 Armina Ligaya - THE CANADIAN PRESS

TORONTO – The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third

News Risk

Canada Post admits cannabis privacy breach involving online customers

November 7, 2018 Colin Perkel - THE CANADIAN PRESS

TORONTO – Canada Post publicly admitted to a privacy breach involving thousands of Ontario’s online cannabis customers on Wednesday after the province’s only outlet for legal recreational marijuana notified clients of the problem. The postal service said in a statement

News Legal

New Brunswick pulp and paper firm fined $3.5 million for pollution

November 6, 2018 THE CANADIAN PRESS

SAINT JOHN, N.B. – Irving Pulp and Paper Ltd. has been hit with one of largest penalties ever imposed in Canada for an environmental violation. The company, based in Saint John, N.B., was fined $3.5 million Monday for dumping improperly

News InsuranceRisk

$260 billion cleanup estimate based on ‘worst case’ scenario: energy regulator

November 5, 2018 Dan Healing - THE CANADIAN PRESS

CALGARY – The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter

News InsuranceRiskTechnology

Two-day hackathon seeks tech solutions to distracted driving, pedestrian safety

November 2, 2018 by Jason Contant

Developing technology-based solutions to tackle distracted driving, pedestrian safety and house-to-house communication are the goals of an upcoming hackathon hosted by Canada’s second largest insurer and a technology start-up accelerator. Aviva Canada and OneEleven will host the Safer Neighbourhoods Hackathon

News InsuranceRisk

Why speed bumps can be a double-edged sword

November 2, 2018 by Greg Meckbach

Putting speed bumps on private laneways might help commercial clients manage traffic risk, but they need to paint those bumps properly to reduce liability risk. Madison Properties Inc. owns a shopping plaza in Toronto. Maria Pia Cannito tripped and fell

News InsuranceRisk

How off-road vehicles impact commercial liability risk

November 1, 2018 by Greg Meckbach

Commercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as