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News InsuranceLegal

Top 5 signs an insured may be committing address fraud

September 20, 2018 by Jason Contant

There are countless “red flags” that insurers should examine to help determine if a claimant is committing address fraud, an insurance defence lawyer said Tuesday at the Canadian Association of Special Investigation Units’ (CASIU) 2018 Fraud Conference in Toronto. Andrew

News Legislation / RegulationRisk

How marijuana legalization could impact workplace risk

September 20, 2018 by Greg Meckbach

Canadian workplaces are likely to see an increase in marijuana use but the changes resulting from cannabis legalization next month will be “more evolutionary than revolutionary,” suggests a speaker scheduled to address next month’s Insurance Brokers Association of Ontario (IBAO)

News ClaimsMergers and AqcuisitionsTechnology

How corporate mergers impact cyber risk

September 19, 2018 by Greg Meckbach

Cyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,

News InsuranceMarkets / CoveragesRisk

Federal government accelerates phase out of rupture-prone rail tankers

September 19, 2018 The Canadian Press

OTTAWA – The federal government is speeding up the timelines for the removal of rupture-prone tank cars from Canadian railroads. Ottawa has taken steps to phase out certain types of tank cars following the deadly train derailment and explosions in

News ClaimsInsuranceLegal

The ‘Big Three’ indicators of address fraud

September 18, 2018 by Jason Contant

Insurers looking to verify a claimant’s address should focus on bank, credit card and cellphone records, an insurance defence lawyer said Tuesday. Andrew Grayson, a lawyer specializing in insurance defence litigation with Regan Desjardins LLP, called those records the “Big

News ClaimsRisk

Alberta farmers feel effects of B.C. wildfires, late-summer snowfall

September 18, 2018 Aleksandra Sagan - THE CANADIAN PRESS

Some Alberta farmers are concerned about their crops after a late-summer snowfall blanketed parts of the province, with more flurries expected in the forecast. Early season snow can squash crops that grow upright, like wheat and barley, make them harder

News RiskTechnology

How insurers can tell real online consumers from fake ones

September 17, 2018 by Jason Contant

Being able to quickly identify a “true” customer compared to a synthetic identity created by a cybercriminal can help insurers tailor offerings to the right customers early in the account creation process, a security engineer said Friday. “If you know

News InsuranceLegalLegislation / RegulationRisk

Risk appetite for marijuana ‘all over the map’

September 17, 2018 by Greg Meckbach

Some insurance companies “want no part” of covering risks related to cannabis in Canada, an industry analyst warns. As of Oct. 17, it will be legal in Canada for adults to possess up to 30 grams of dried cannabis for

News RiskTechnology

Machines to handle over half of workplace tasks by 2025, report says

September 17, 2018 Jamey Keaten - THE ASSOCIATED PRESS

GENEVA – More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labour market will change

News InsuranceRisk

Liability risks from fuel storage tanks

September 14, 2018 by Greg Meckbach

Clients who make tanks for flammable and hazardous material cannot always obtain insurance covering the full range of product and pollution liability. Matrix Service Company, whose products include above-ground fuel tanks, said Wednesday its products can potentially expose it to

News CatastrophesInsuranceRestoration

Simple disaster preparation rules that commercial clients forget

September 13, 2018 by Greg Meckbach

Though it pays to be tech-savvy, one way commercial clients can manage risk is to learn to do without the Internet and payment card networks, a disaster restoration professional advises. In the event of a major storm, businesses need to

News InsuranceLegal

Three product ingredients that could cause large claims

September 13, 2018 by Greg Meckbach

If your client makes or supplies beauty care products, they could face bodily injury lawsuits if certain chemicals are present. The “toxic trio” – dibutyl phthalate (DBP), toluene and formaldehyde – are contained in some nail varnishes, body lotions, fragrances