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Risk Management


News InsuranceLegislation / Regulation

Top court releases decision in $2-billion building collapse lawsuit against Loblaws

August 8, 2019 by Greg Meckbach

A $2-billion lawsuit against Loblaws Companies Ltd., arising from the world’s deadliest accidental building collapse ever, is essentially tossed out of court. Canada’s high court announced Thursday it will not hear an appeal from Arati Rani Das, a garment factory

Feature ClaimsRiskTechnology

Insuring the influencers

August 7, 2019 Jason Contant, Online Editor

Publishing content has taken a whole new direction on social media, and here’s how insurance is keeping pace

News InsuranceRisk

Why insurance is the worst investment

August 6, 2019 by Jason Contant

Is insurance a good investment? No, according to one risk manager. “I believe that insurance is the worst investment you can make,” said Stéphane Cossette, senior director of risk management with Quebecor Media Inc. in Montreal. “I actually tell people

Feature Commercial Lines

Breaking down the coverage

August 5, 2019 Greg Meckbach, Associate Editor

Why boiler and machinery insurance goes far beyond what its name suggests

News BrokersInsurance

Economic forecast: What it means for the insurance industry

August 1, 2019 by Adam Malik

Canada’s economy is expected to pick up in the coming months after going through a bit of a cold spell. But risks both domestically and abroad could get things off-kilter, a recent report found. An upward trend for the economy

News BrokersInsuranceMarkets / CoveragesRisk

What’s at the heart of today’s hardening market cycle

August 1, 2019 by Jason Contant

The origin of today’s hardened market cycle is a natural evolution of a very long soft market cycle, a senior risk manager told Canadian Underwriter recently. “I really believe that we had a soft market that lasted too long,” said

News Insurance

How it happened: Capital One’s $100-million cyber loss

July 30, 2019 by Greg Meckbach

Credit card issuer Capital One Financial Corp. expects that a massive cyber breach affecting millions of Canadians could cost the firm more than $100 million. “Expected costs are largely driven by customer notifications, credit monitoring, technology costs, and legal support,”

News Insurance

Two dead after tow plane and glider collide in southern Alberta

July 30, 2019 THE CANADIAN PRESS

BLACK DIAMOND, Alta. – Emergency medical officials say two people are dead after a glider crashed southwest of Calgary. EMS responded to reports of the crash near the Cu Nim Gliding Club, east of Black Diamond, Alta., shortly before 4

News InsuranceRisk

Should risk managers assume more risk?

July 29, 2019 by Jason Contant

Risk managers should stop “trading dollars” with an insurer and consider increasing their deductibles and assuming some of the risk, suggested Stéphane Cossette, senior director of risk management with Quebecor Media Inc. “Get rid of the noise, get rid of

News Insurance

Why data breaches are particularly costly for Canadian financial firms

July 26, 2019 by Jason Contant

The average cost of a data breach in the Canadian “financial” industry is US$6.4 million – $2-million higher than the average cost for all other businesses, according to a new report from IBM Security and Ponemon Institute. The average cost

News InsuranceMarkets / CoveragesRisk

How the hard market affects these risk managers

July 24, 2019 by Jason Contant

The hardening market is even affecting risk management in post-secondary institutions. One risk manager in Calgary said the challenges he is seeing are less about tightening of conditions in an insurance contract than underwriting unique exposures. The post-secondary environment has

News InsuranceRisk

Three reasons innovation labs almost always fail

July 22, 2019 by Jason Contant

Lack of alignment with the business is one of the three main reasons innovation labs fail, according to Simone Bhan Ahuja, an author, speaker and founder of innovation advisory Blood Orange. The lack of metrics to track success and lack