Segment
Risk Management
Nova Scotia defends controversial plan to sell cannabis in liquor stores
July 26, 2018 The Canadian PressHALIFAX – Nova Scotia is defending its unique cannabis retail scheme that will sell weed in existing liquor stores amid criticisms the arrangement poses a public health risk. A Halifax psychology professor issued a news release criticizing the model, which…
How to bring adult children back into the family brokerage
July 25, 2018 by Jason ContantFor brokerages considering succession planning, allowing the next generation to “find their own path in the world and then successfully boomerang back into roles in the family business is critical to the future” of the business, according to a new…
How brokers can help risk managers sort out counterparty insurance
July 25, 2018 by David GambrillCourting a new business partner and relying on your counterparty’s insurance coverage to respond to a loss? For a risk manager, it’s a good idea to engage in a form of insurance “prenup” conversation with the potential business partner, says…
Calgary university uses 3-D analysis for wildfire, oil spill investigations
July 25, 2018 Bill Graveland - THE CANADIAN PRESSCALGARY – A crime-scene-type tool is being used by an Alberta university to help investigators looking into the cause of wildfires, arsons and oil spills. Gwen O’Sullivan of Mount Royal University in Calgary said the $550,000 mass spectrometer separates complex…
Advertisement New wildfire index fights a $5.6-billion problem
July 24, 2018 Opta Information IntelligenceWith wildfire losses reaching a whopping $5.6 billion in the past 10 years, there is an urgent need for a solution that can help insurers price the risk accurately, as well as to help municipal and provincial governments know their…
The new breed of leader
July 23, 2018 by David GambrillA new breed of vulnerable and humble leader – someone who recognizes the importance of personal growth in helping the company to expand the business – is bucking the traditional stereotype of the uber-confident, omniscient CEO who comes to the…
Where provincial drivers crashed an average of 960 times a day
July 22, 2018 by Jason ContantVehicle crashes in British Columbia hit an all-time high of 350,000 in 2017, the province’s public insurer reported this week. This equates to about 960 crashes a day – a 25% increase from 2014. “That means one out of 10…
The preferred way to transfer risk of automated cars: Travelers
July 22, 2018 by Jason ContantThe public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as…
Cyber tip to keep your large retailer clients secure
July 22, 2018 by Greg MeckbachComputer systems that many retailers use to accept payment and manage inventory can pose a liability risk if they store credit card numbers, and the “ultimate” solution could be expensive. Many “point-of-sale” systems are installed on computers running Microsoft Corp.’s…
Trade war? There may be insurance for that
July 22, 2018 by David GambrillAs the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take…
Supreme Court to determine fate of Lloyd’s payment in $5.6-million shipping loss
July 19, 2018 by Greg MeckbachThe Supreme Court of Canada has agreed to hear a dispute that will determine whether a Lloyd’s insurer may recover some of the claim money it paid out arising from a $5.6-million cargo ship loss on the St. Lawrence River.…
Fake abduction, Bitcoin ransom latest criminal tactics: RCMP
July 19, 2018 The Canadian PressRICHMOND, B.C. – Mounties in Richmond, B.C., say it appears criminals have added Bitcoin ransom to the growing list of manoeuvres to swindle money from unsuspecting victims. Officers responded to a report of an abduction on July 16 where a…