Canadian Underwriter

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Risk Management


News InsuranceRisk

The moral of the Don Cherry story for risk managers

November 16, 2019 by Adam Malik

Don Cherry crossed a line, and it should have been no surprise to his employer’s risk managers that he made offending comments, says one risk management analyst. It all points to the need for employers to keep tabs on controversial

News Technology

Government computers slowly returning to normal after ransomware attack

November 15, 2019 The Canadian Press

IQALUIT, Nunavut – The Nunavut government is slowly returning to normal nearly two weeks after its computer systems were paralyzed by a cyber attack. Dean Wells, the territory’s chief information officer, says departments are beginning to come back online. Government

News CatastrophesClaimsInsurance

A new way to make insurance for high-risk homes in flood plains affordable

November 14, 2019 by Adam Malik

Amphibious architecture could be the key to mitigating flood risk and making insurance affordable for those living and working in floodplains, according to one expert. The technology allows structures to float as water levels rise. Amphibious construction and retrofitting of

News Legislation / Regulation

Bank of Canada official urges re-think of cyber regulations

November 14, 2019 David Paddon - THE CANADIAN PRESS

TORONTO – Government bodies and the private sector need more ways to share information about cybersecurity threats, and that may require new regulations or legislation, a Bank of Canada official said Tuesday. Filipe Dinis, the central bank’s chief operating officer,

News Insurance

Why electric luxury SUVs may give your liability claims costs a jolt

November 11, 2019 by Adam Malik

Several car makers have announced ambitious plans to go electric in the next decade or two, but as more electric vehicles (EVs) hit the streets, there could be an increased insurance risk, according to one insurer. With the growing popularity

News Risk

How D&O risks are changing in the mining sector

November 8, 2019 by Greg Meckbach

If you place directors and officers’ liability insurance for mining companies, the underwriter will want to know how the client manages risks such as pollution and shareholder litigation, a commercial broker advises. In lawsuits against directors and officers of mining

News Insurance

Lost binder exposes personal information of thousands

November 8, 2019 The Canadian Press

ST. JOHN’S, N.L. – Newfoundland and Labrador’s health department is apologizing for a privacy breach after a binder containing the personal information of 3,300 went missing almost two years ago. The department says it learned this October that a binder

News CatastrophesInsuranceRestoration

Evacuation order lifted nearly two months after crane collapse

November 6, 2019 The Canadian Press

HALIFAX – The last three businesses evacuated when a crane collapsed in downtown Halifax are being allowed to return to their locations, almost two months after a storm toppled it. The final stage of the crane and debris removal from

News InsuranceProfessional Development

How long before your new CEO should be planning an exit strategy?

November 5, 2019 by Jason Contant

Your new CEO is just six months into the job. It’s time to start thinking about their exit strategy. Yes, that’s right. Good CEOs start planning for their succession as soon as their onboarding is complete. They should not wait

News Commercial LinesInsurance

How mining companies can reduce risk by being good neighbours

November 5, 2019 by Greg Meckbach

Is your client liked by its neighbours? While that may not be your first question as a commercial broker, insurance professionals were told Tuesday the question is nonetheless important if the client is in the resources sector. “You need some

News AdjustersLegislation / RegulationRisk

Edmonton window washing accident amid high winds under investigation

October 31, 2019 THE CANADIAN PRESS

EDMONTON – The City of Edmonton says it’s investigating a window-washing company that was working on the capital’s tallest tower last week in windy conditions when a suspended platform smashed into the building and threw a worker over a railing.

News Claims CanadaEngineeringRisk

What surprised forensic engineers about massive Toronto propane explosions

October 24, 2019 by Greg Meckbach

After the deadly Sunrise Propane explosions caused a massive evacuation in north Toronto, the central focus of regulators came as a surprise to some engineers who investigate such disasters. Pumping propane from one truck to another was identified as a