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Risk Management


News Insurance

N.S. politicians critiqued for vague response to threat of rising seas

July 29, 2021 Michael Tutton - THE CANADIAN PRESS

HALIFAX – As Nova Scotia’s provincial election campaign has unfolded amid deadly heat waves in Western Canada and catastrophic flooding in Europe, the topic of preparing the province for its own potential weather disasters has been submerged by other issues.

News Brokers

Will brokers’ travel expenses return to 2019 levels?

July 27, 2021 by Greg Meckbach

As economies re-open with more people getting their COVID-19 vaccinations, corporate executives will put more thought into their decisions on whether or not employees travel, suggests the CEO of Marsh & McLennan Companies Inc. New York City-based Marsh & McLennan

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

How many people Marsh hired amidst ‘distraction and uncertainty’ of Aon-Willis merger discussions

July 26, 2021 by Greg Meckbach

Amid the uncertainty over Aon PLC’s now-scuttled plan to acquire Willis Towers Watson PLC, Marsh & McLennan Companies Inc. increased its staff level by nearly 2,000 during the first half of 2021, Marsh & McLennan CEO Dan Glaser says. “We

News AdjustersClaimsClaims CanadaLegal

Supreme Court of Canada sides with city over release for ‘claims of any kind or nature whatsoever’

July 23, 2021 by Greg Meckbach

As the late singer Prince said, forever is a mighty long time. While his 1984 tune “Let’s Go Crazy” is not about tort claims, a Supreme Court of Canada decision released Friday should serve as a reminder of the significance

Snowblowers clearing snow off airport runway
News Insurance

Pile of snow pulled passenger plane off runway in British Columbia: safety board

July 23, 2021 The Canadian Press

RICHMOND, B.C. – Safety changes have been made after a WestJet Encore passenger plane went off a snow-covered runway in Terrace, B.C., last year. The Transportation Safety Board says in a report that the De Havilland aircraft was landing with

Lytton wildfire
News Insurance

Regulator orders risk reduction measures for B.C. railways following Lytton fire

July 13, 2021 by Jason Contant

Following record heat and a wildfire that burned down about 90% of the village of Lytton, B.C., Canada’s transportation regulator has ordered fire monitoring, suppression, and risk reduction measures for railways to protect against wildfire “in the context of extreme

News BrokersClaimsCommercial LinesInsuranceMarkets / CoveragesTechnology

Doubled pricing, two-year recovery predicted for cyber lines, post-COVID

July 13, 2021 by David Gambrill

Brokers can foresee cyber pricing doubling over the next year — and it could take up to two years after the pandemic is over before the market shows signs of softening again. “I think the price has to reflect the

News Insurance

Cyber insurance rates likely to rise amid escalating ransomware attacks

July 12, 2021 David Paddon - THE CANADIAN PRESS

TORONTO – Companies looking to purchase insurance against cyberattacks in which their data is held for ransom will soon find it more expensive and difficult to obtain, according to a cybersecurity expert. Brent Arnold, a partner at law firm Gowlings

News RiskTechnology

How your commercial clients should be monitoring their cyber risk

July 9, 2021 by Greg Meckbach

With a large number of employees working from home during the pandemic, commercial clients need some way of assigning a risk score to the cyber exposure posed by their users, software applications, and hardware devices, a Canadian information technology security

News Insurance

Restaurant fires and how they are caused

June 30, 2021 by Greg Meckbach

Kitchen exhaust and gas connections should be near the top of a restaurant client’s risk management agenda. Improperly maintained kitchen exhaust systems are a common cause of restaurant fires, wrote Larry Anderson, editor of TheBigRedGuide.com, in a recent article. This

News Insurance

The essence and future of WICC

June 29, 2021 by David Gambrill

Editor’s Note: This article is Part 2 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 1 appeared in Canadian Underwriter‘s e-Newlsetter on Tuesday, June 29.   Women in Insurance Cancer Crusade

News Insurance

Happy 25th, WICC: The light that never goes out

June 28, 2021 by David Gambrill

Editor’s Note: This article is Part 1 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 2 will appear in Canadian Underwriter‘s e-Newlsetter on Wednesday, June 30.   If Women in Insurance