Segment
Risk Management
Experts call for federal investigation of fatal bus crash
January 14, 2019 Alanna Rizza THE CANADIAN PRESSExperts are calling on the federal transportation safety board to investigate a deadly bus crash in Ottawa to prevent similar incidents from occurring again. Ahmed Shalaby, a civil engineering professor at the University of Manitoba, said the Transportation Safety Board…
How emergency generators can help reduce insured losses
January 11, 2019 by Jason ContantEmergency generators not only temporarily provide electricity during a power outage, but can also mitigate property damage and help reduce insured losses, says a new report from the Institute for Catastrophic Loss Reduction (ICLR). These generators can help reduced insured…
How waivers of liability could be harder to enforce
January 10, 2019 by Greg MeckbachThe Supreme Court of Canada could make a landmark decision on whether clients facing personal injury lawsuits can enforce waivers in court. In Schnarr v. Blue Mountain Resorts Limited, the Court of Appeal for Ontario ruled in early 2018 that for…
Safety recall affects 1.7 million vehicles in North America
January 10, 2019 Tom Krisher - THE ASSOCIATED PRESSDETROIT – Toyota is recalling 1.7 million vehicles in North America to replace potentially deadly Takata front passenger air bag inflators. The move announced Wednesday includes 1.3 million vehicles in the U.S. and is part of the largest series of…
Beginner’s guide to insuring pot
January 9, 2019 by Jason ContantAfter nearly three months of recreational marijuana being legal in Canada, insurers are still trying to wrap their heads around a sector with no track record and lots of uncertainty. For specialist insurer CFC Underwriting, there is still some caution…
Massive fire continues on Halifax-bound container ship
January 7, 2019 THE CANADIAN PRESSHALIFAX – A second offshore support vessel has arrived off Canada’s east coast to help fight a fire that has been burning for days aboard a large container vessel bound for Halifax. “Several containers are still burning,” Tim Seifert, a…
Canadian university risk manager on RIMS board
January 2, 2019 by Greg MeckbachA Canadian risk manager is the new vice president of Risk and Insurance Management Society Inc., New York City-based (RIMS) announced Wednesday. Steve Pottle – director of risk management services for Thompson Rivers University in Kamloops, B.C. – was previously…
Insurance hard to obtain for this food processor
December 20, 2018 by Greg MeckbachProduct liability and recall insurance is expensive and hard to place, a large chicken processing firm reported Thursday. Sanderson Farms Inc. said its business carries several risks, including product liability claims, product recalls, property damage and injuries to people. “The…
How not to deal with a ransomware attack
December 19, 2018 by Greg MeckbachYour client should never have to negotiate with a cyber criminal even if that client has suffered a ransomware attack, cyber security experts advise. Ransomware is a type of computer malware that prevents clients from either using their computers or…
Is the number of drunk drivers in Canada decreasing?
December 18, 2018 by Jason ContantThe number of Canadians who died in a crash involving a “drinking driver” has generally decreased in recent years, but rose again in 2015, according to recent research. In 1995, 1,057 Canadians (excluding British Columbians) were killed in road crashes…
How ransomware can become a broker’s cyber selling point
December 18, 2018 by Jason ContantBrokers placing cyber coverage for healthcare clients may want to take note of a new survey that found for many Canadian businesses, ransomware isn’t a one-time occurrence. Of those polled that said they knew of a ransomware attack in their…
Failure to describe corruption risk cost this firm $30 million
December 18, 2018 Ian Bickis - THE CANADIAN PRESSTORONTO – Katanga Mining Ltd. will pay $30 million to the Ontario Securities Commission for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo and its reliance on a controversial billionaire businessman. A…