Segment
Risk Management
Ontario Election 2018: Trailing Liberals promise auto insurance discounts
June 4, 2018 by Greg MeckbachPolls show the Ontario Liberals will not likely govern the province after the election this Thursday but, for what it’s worth, a vote for Liberal candidates is a vote for insurance discounts for motorists who use apps intended to discourage…
How home insurers could be on the hook for cyber bullying
June 4, 2018 by Greg MeckbachCyber bullying, which can result in liability claims under home insurance policies, will soon be grounds for lawsuits in Nova Scotia. The Nova Scotia government is now “on the verge” of bringing Bill 27 into force, law student Brayden McDonald…
Small earthquake detected off coast of B.C.
June 4, 2018 The Canadian PressHAIDA GWAII, B.C. – A small earthquake has been detected off of British Columbia’s coast. Earthquakes Canada says the 4.2-magnitude quake struck Saturday afternoon, 94 kilometres west of the village of Masset, B.C., in the Haida Gwaii archipelago. The agency…
Directors and officers fail to get shareholders class-action tossed out of Ontario court
June 3, 2018 by Greg MeckbachFive former directors and officers of a Vancouver-based mining firm can be sued personally in Ontario by shareholders alleging the firm misrepresented financial statements. The Supreme Court of Canada announced Thursday it will not hear an appeal, from SouthGobi Resources…
Government-backed home flood insurance coming to Canada?
June 3, 2018 by Greg MeckbachFederal government officials are pondering a flood insurance system similar to Britain’s two-year old Flood Re, an Insurance Bureau of Canada official suggested Thursday. Federal public safety minister Ralph Goodale “asked IBC to lead a working that will deliver recommendations…
If politicians get rid of territorial ratings, then what?
June 3, 2018 by David GambrillOntario’s political parties have all expressed a desire at some point this year to eliminate territory as a rating factor for insurance premium, but none of the parties have been clear about how they would actually do it, an insurance…
System for enforcing legalized recreational marijuana remains hazy
June 3, 2018 Gemma Karstens-Smith - THE CANADIAN PRESSVANCOUVER – Marijuana businesses are growing in size and scope as Canada moves toward legalization of recreational pot, creating an increasingly daunting job for those tasked with enforcing the rules. In Vancouver’s bustling downtown, sleek, modern posters with fashionable fonts…
Communities using development permits to reduce risk of wildfire: ICLR
May 31, 2018 by Jason ContantReducing the risk of wildfire, several communities in western Canada are using development permits as a way to address construction of new residential development in the wildland-urban interface, the Institute for Catastrophe Loss Reduction (ICLR) noted in a recent report.…
The ‘key challenge’ in defending businesses suffering violent attacks
May 31, 2018 by Greg MeckbachIf a violent attack occurs on your business client’s premises, there is a good chance the insurance company will somehow be involved. If a random person walks into a restaurant or retail store “without warning and undertakes some violent criminal…
Major Canadian retailer finds cyberattacks “more difficult to detect”
May 31, 2018 by Greg MeckbachCyber threats are becoming “more difficult to detect,” a major Canadian retailer suggested Tuesday. Indigo Books and Music Inc., whose holdings include the Chapters and Coles book chains, “may be required to expend significant additional resources” to protect against threats…
Canadian bank breaches highlight rise of cyber threats as new exploitation strategies
May 31, 2018 Ian Bickis - THE CANADIAN PRESSApparent attempts to extort two major Canadian banks highlight the increasing threat and variety of cyberattacks against major companies. Attacks against BMO and CIBC-owned Simplii – that compromised the information of up to a combined 90,000 Canadians – made public…
Bomb threats highlight liability risk of office towers with lax security
May 30, 2018 by Greg MeckbachIn the wake of a threatened bombing in Stratford, Ont., and a restaurant bombing near Toronto, landlords of office towers may want to review their security systems to reduce their risk of liability. In general, owners of multi-tenant buildings have…