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Risk Management


News RiskTechnology

Top 6 risks facing Canadian businesses in 2020

December 20, 2019 by Jason Contant

The risk landscape for Canadian businesses continues to evolve rapidly, but that doesn’t mean companies have to be caught unprepared. These evolving risks include everything from technology and cybersecurity to shifting regulatory considerations, reputational risk, employee liability, data and privacy

News Insurance

Top 5 pieces of advice for insurance pros

December 20, 2019 by Adam Malik

There was plenty of advice dished out at conferences over the last year, whether it was on attracting talent, how seasoned pros can help the younger generation, or how insurers can think differently. Here are some of the highlights. Flexibility

News Professional Development

Here’s what makes an employer one of the “best companies to work for”

December 19, 2019 by Jason Contant

We’ve all seen those “best companies to work for” lists (and perhaps even longingly wished we worked for one of them). What does it take to be one of those companies? While there is no one formula that can capture

News Commercial Lines

Manitoba government’s oversight of commercial vehicles inadequate: auditor

December 19, 2019 Steve Lambert - THE CANADIAN PRESS

WINNIPEG – The Manitoba government’s oversight of the trucking industry and other large commercial vehicles is inadequate in part due to infrequent inspections and improper checks before operators are certified, the province’s auditor general said Wednesday. In a 65-page report,

News RiskTechnology

LifeLabs says data of up to 15 million customers compromised in cyberattack

December 18, 2019 Ross Marowits and David Paddon - THE CANADIAN PRESS

TORONTO – Government privacy commissioners are investigating a data breach at LifeLabs, one of Canada’s largest medical services companies, after hackers gained access to the personal information of up to 15 million customers. Most of its customers are in B.C.

News InsuranceRisk

Privacy czar finds gaps in federal party policies on personal information

December 16, 2019 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The privacy policies of all the major federal political parties failed to ensure people gave valid consent to the collection and use of their personal information, concluded an analysis by the federal privacy commissioner. The policies also fell

News ClaimsClimate ChangeInsurance

How climate change will change the way you do business in the future

December 13, 2019 by Adam Malik

When pricing property coverage in the future, it’s time for the industry to ask itself: “How are we going to deal with changes in weather?” Historically, insurance products have been priced based on data and loss history, observes Ernest Mashingaidze,

News InsuranceRisk

Ontario passes bill to join opioid class action lawsuit launched by BC

December 13, 2019 Shawn Jeffords - THE CANADIAN PRESS

TORONTO – Ontario is joining five other provinces in a class-action lawsuit against opioid manufacturers in a bid to recoup costs the government alleges can be directly attributed to the overdose crisis. The province passed legislation late Wednesday allowing it

News Claims CanadaRiskTechnology

Why the auditor red-flagged a government agency’s cloud computing risk management practices

December 12, 2019 by Greg Meckbach

Here is a textbook example of how your cyber clients should not be managing their risks, according to Alberta’ auditor general. The province’s auditor red-flagged the example of Travel Alberta Corporation, a provincial agency that moved most of its software

News Professional DevelopmentRisk

How to stop distractions from derailing your work

December 12, 2019 by Jason Contant

If you find yourself exhausted at the end of the day at your brokerage and yet feeling like you didn’t actually accomplish anything, you’re not alone. It’s likely because you’re distracted, either by others or yourself. “Constant distraction leaves a

News InsuranceRisk

Collisions with power poles on the rise: BC Hydro

December 12, 2019 The Canadian Press

VANCOUVER – BC Hydro says it’s seeing a rise in the number of car accidents involving its power poles and other electrical equipment and is offering tips to avoid injury. The utility says it responded to more than 2,100 accidents

News CatastrophesInsuranceRisk

Why the Fort McMurray wildfire wasn’t worse

December 10, 2019 by Jason Contant

A young, mobile population with strong safety training contributed to a successful evacuation during Canada’s costliest disaster three years ago in Fort McMurray, Alta., an author said recently at Insurance Bureau of Canada’s (IBC) inaugural Commercial Insurance Symposium. “Most work