Segment
Risk Management
Valuing Resiliency
August 1, 2011 by Canadian UnderwriterIn a value-driven approach to managing supply chain resiliency, risk is viewed in the context of how the organization makes money.
Expanded Horizons
August 1, 2011 Vanessa MarigaRisk management has evolved since the financial crisis. Historically, its purpose has been perceived narrowly as a means to protect value. Now, however, its practitioners conceive risk management as a means to create value over a longer-term horizon. Concomitant with this evolution, technology has expanded, allowing risk managers to delve deeper into their companies’ risk portfolios.
Ties That Bind, Tweets That Defame
August 1, 2011 by Canadian UnderwriterDefamation liability risk has increased exponentially in this brave new world of social media.
Moves & Views
August 1, 2011 by Canadian UnderwriterMichael McLeod has been promoted to branch manager of the company’s Toronto West office. McLeod will be responsible for the daily operations of the branch office, maintaining relationships and leading a team of more than 40 professionals and administrative staff.…
‘Lone wolf’ the greatest terrorist threat to Western countries: RMS
July 29, 2011 by Canadian UnderwriterThe ‘lone offender’ attack poses one of the greatest terrorist threats to Western countries, RMS reported.RMS describes a lone offender as “a single individual driven to hateful attacks based on a particular set of beliefs without a larger group’s knowledge…
CNA Canada appoints Dean Grigoruk to head up its Montreal branch
July 29, 2011 by Canadian UnderwriterDean Grigoruk has been appointed CNA Canada’s assistant vice president, branch manager, Montreal. Grigoruk joins CNA from AXA Assurances, where he had responsibility for leading a team of commercial lines underwriters for AXA’s larger mid-market division. He has close to…
West coast forest fires likely to become much more severe
July 26, 2011 by Canadian UnderwriterBy 2050, forest fires in the Rockies will likely be an annual event, with little chance of forests being able to replenish between events, the Globe and Mail reported.The Globe and Mail reported on a study, which will be published…
WSI maintains its prediction of active hurricane season in 2011
July 26, 2011 by Canadian UnderwriterWSI (Weather Services International) is maintaining its forecast for above-average activity in the 2011 hurricane season, likely with a landfall on the US Gulf coastline. Its 2011 predictions include 15 named storms, eight hurricanes and four intense hurricanes (Category 3…
Lawsuits and identity theft keeping CEOs up at night
July 26, 2011 by Canadian UnderwriterThird party lawsuits and identity theft are the largest areas of concern for CEOs, according to a survey of more than 200 executives, a survey commissioned by Chartis Private Client Group found. Chartis commissioned Chief Executive Group to survey a…
B.C. privacy commissioner investigates ICBC’s use of facial recognition technology in aid of Stanley Cup riot investigation
July 25, 2011 by Canadian UnderwriterBritish Columbia’s information and privacy commissioner is investigating the Insurance Corporation of British Columbia’s (ICBC) use of facial recognition technology to ensure that it complies with privacy law. Commissioner Elizabeth Denham’s investigation comes in the wake of ICBC offering its…
OSFI releases its principle-based solvency framework vision paper
July 25, 2011 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) is requesting comment from industry stakeholders on its vision paper for new principle-based solvency framework for Canadian property and casualty insurers by Oct. 15, 2011.OSFI’s Property and Casualty Minimum Capital Test…
B.C. regulator to determine insurers’ exposure to US/European debt crisis
July 25, 2011 by Canadian UnderwriterBritish Columbia’s Financial Institutions Commission (FICOM) is surveying all insurance companies authorized in the province to determine the extent of their risk exposure to the recent European/United States fiscal debt issues.FICOM is requesting that insurers access the survey at the…