Segment
Risk Management
Observations on cyber from Canadian Lloyd’s coverholder
July 15, 2019 by Greg MeckbachYour commercial clients may be able to get cyber insurance with fewer underwriting questions than in the past, but you should still pay close attention to those clients’ risk management practices, the head of a Toronto managing general agent suggests.…
These behaviours raise your client’s cyber risk
June 28, 2019 by Greg MeckbachDo your clients know how often their workers click on links they receive in emails that should have been flagged as suspicious? “I wouldn’t find it unreasonable for an insurer to ask questions about phishing click-through rates,” Srinath Sampath, senior…
Why record Great Lakes levels could cause billions in business losses
June 28, 2019 Christopher Reynolds - THE CANADIAN PRESSRising water levels are causing delays in the St. Lawrence Seaway that could cost the economy more than $1 billion, shippers and port operators say. A new study from the Chamber of Marine Commerce warns that opening the floodgates further…
How not to manage risk at a cryptocurrency provider
June 21, 2019 Michael MacDonald - THE CANADIAN PRESSHALIFAX – The accounting firm investigating the unseemly demise of Canada’s QuadrigaCX cryptocurrency exchange is accusing the company’s late founder of creating fake trades and transferring customer funds into his personal accounts, where the money was used for high-risk margin…
Why insurers can expect claims from the Raptors parade
June 21, 2019 by Adam MalikIt won’t surprise at least one lawyer to hear about insurance claims stemming from the Toronto Raptors championship parade. There were plenty of exposures present during the event on June 17, mainly because of a lack of resources available and…
Digitizing your brokerage? Pay attention to the ‘frozen middle’
June 21, 2019 by Jason ContantWhat’s the secret to successful digital transformation? The key is to get buy-in from the lower levels of the organization, said Paul Chapman, chief information officer (CIO) at Box Inc., a provider of cloud content management and file-sharing service for…
The key role of risk managers during climate change
June 20, 2019 by Adam MalikFinancial companies, including insurers, are moving positively towards dealing with climate change but more needs to be done – and it will need to be risk managers at the forefront to prepare their companies, according to a new study. The…
Data breach affects nearly 3 million Desjardins Group members
June 20, 2019 THE CANADIAN PRESSMONTREAL – Desjardins Group said Thursday the personal information of more than 2.9 million of its members has been shared with individuals outside of the organization. The Quebec-based financial institution said the breach affects 2.7 million individual members and 173,000…
Why this bar is partly liable for impaired driving accident
June 20, 2019 by Greg MeckbachOffering 12 beers for less than half price might be a good way for your client to get a crowd of customers into its bar, but it is not necessarily the best risk mitigation strategy. A Niagara area bar is…
The real reason for spike in cyber claims
June 17, 2019 by Greg MeckbachThe number of reported cyber claims has jumped significantly, but it’s not because of the major breaches you’ve been reading in the headlines. Small to mid-sized organizations are at greater risk of cyber losses than large organizations, A.M. Best Company…
The other technology risk that’s keeping clients up at night
June 17, 2019 by Greg MeckbachIf you place commercial insurance, you probably have clients who are very concerned about the risk of making large investments in information technology projects. “The failure rate of IT projects is quite high and the returns are often not what…
Electronic logs will be mandatory for truck, bus drivers
June 14, 2019 THE CANADIAN PRESSETOBICOKE, Ont. – Transport Canada says it will require all commercial drivers to have electronic logging devices – one of the recommendations from a coroner’s report into the Humboldt Broncos bus crash. The federal department says the tamper-resistant devices will…