Segment
Risk Management
These highway features may encourage distracted driving
June 25, 2021 by Greg MeckbachMedians and wide shoulders on highways could encourage distracted driving by giving drivers a false sense of security, transportation researchers suggest in a recent paper. “The combination and presence of a shoulder, median, higher speed limit, and extra lanes could…
UFO sightings: Are your clients covered for an alien invasion?
June 24, 2021 by David GambrillRecent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged…
Reservoir to protect Calgary from floods gets approval
June 24, 2021 The Canadian PressEDMONTON – The Natural Resources Conservation Board has approved a controversial reservoir that could protect Calgary from future flooding, ruling that it’s in the public interest. Alberta Transportation proposed the $432-million off-stream reservoir near the rural community of Springbank, Alta.,…
100-year flood level on Yukon River prompts warning to village of Carmacks
June 23, 2021 The Canadian PressWHITEHORSE – The water level on the Yukon River at the village of Carmacks keeps rising, prompting a flood warning from the territory. A statement from the territory says the river is at a level only seen once every 100…
‘Unavoidable delay’ lease clause does not mean retailer can delay paying rent during lockdown: Court
June 21, 2021 by Greg MeckbachHudson’s Bay Company cannot use an “unavoidable delay” clause in a mall lease agreement to stop paying rent to the landlord during the COVID-19 pandemic, a B.C. Supreme Court judge has ruled. COVID-19 was declared a pandemic on March 11,…
Why liability insurance did not cover the defence of a remediation order
June 18, 2021 by Greg MeckbachAn eastern Ontario municipality does not have coverage with any of its four former liability insurers for a dispute with the provincial environment ministry over alleged pollution occurring more than six decades ago. That’s because the insurance policies in question…
Updated tailings code after Mount Polley disaster an improvement: B.C. mines auditor
June 18, 2021 The Canadian PressVICTORIA – A new report says changes to British Columbia’s requirements for tailings storage after the Mount Polley disaster have generally improved the management of mining waste. The mines chief auditor found many of the revisions made in 2016 to…
Staff vaccine status discussions, disclosures pose challenges for businesses
June 17, 2021 Danielle Edwards - THE CANADIAN PRESSHALIFAX – Cynthia Fernandez said her personal sense of responsibility for the safety of her clients led her to publicly disclose that her staff were vaccinated against COVID-19 earlier this spring. “I think a lot of people are nervous still…
Two things you need to explain to your clients
June 16, 2021 by David GambrillRisk and insurance professionals need to address two common client misunderstandings about how the property and casualty insurance industry works, a risk professional suggested to Canadian Underwriter Tuesday. First, clients may not fully understand the interconnectedness of the P&C industry,…
How to convince your clients that buying insurance isn’t a waste of money
June 15, 2021 by Jason ContantOne of the biggest challenges for the insurance industry is convincing policyholders that they haven’t wasted their money if they constantly pay premiums but don’t have a claim. To overcome this challenge, insurers should help policyholders celebrate the fact that…
Auditor scolds Alberta over mine cleanup fund, how province handles polluted sites
June 11, 2021 Bob Weber - THE CANADIAN PRESSEDMONTON – Alberta’s auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program that’s supposed to guarantee coal and oilsands mines clean up after themselves. Doug Wylie says there’s so much…
Exploding device at gender reveal party leads to wildfire in northern Alberta
June 10, 2021 The Canadian PressFORT MCMURRAY, Alta. – A $600 fine has been issued after a gender reveal party led to a wildfire in Alberta. Travis Fairweather, a wildfire information officer, says the party was taking place about 10 kilometres west of Fort McMurray…