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Risk Management


a drone flying in a cloudy sky where the sun goes down
News InsuranceRisk

Drones, phones and loss control: how inspections changed amid the pandemic

May 5, 2022 by Alyssa DiSabatino

Loss control strategies had to pivot amid the COVID-19 pandemic, and while many insurance carriers reverted to ‘Old School’ loss control inspections via the phone, some took it even further, industry experts share during a Canadian Underwriter webinar.   The

Disco ball.
News ClaimsClaims CanadaCommercial LinesConstructionEarnings / RatingsInsuranceMarkets / CoveragesPodcastProductsRisk

What disco-era stagflation means for insurers’ bottom lines

May 5, 2022 Philip Porado

Tight supply chains are taking a bite out of GDP numbers, stagnating economies across the globe while simultaneously pushing up prices. For anyone whose memories don’t stretch back to the 1970s, the counterintuitive combination of a stagnating economy and rising

A woman stands in the backyard of her flooded home in Calgary in 2013
News Insurance

Construction to begin on flood mitigation project west of Calgary

May 5, 2022 The Canadian Press

CALGARY – Nine years after a catastrophic flood caused billions of dollars in damage to parts of Calgary and surrounding communities, work is to begin on a dam to protect the area from rising water in the future. Premier Jason

Alberta oil sands facility.
News AnnouncementsInsuranceLegislation / RegulationReinsurance

Insurance Act changes may help Alberta as insurers retreat from oil and gas

May 4, 2022 Philip Porado

Major insurers continue to announce they’ll cease issuing coverage to the oil and gas industry, which remains economically critical to Alberta and other Canadian provinces – and is poised to experience a demand boost as Europe seeks alternatives to Russian

News Insurance

Alert Ready system expands to floods, fires in B.C., not heat domes

May 4, 2022 The Canadian Press

VICTORIA – An automated alert system will be ready to warn British Columbians of spring flooding and summer wildfires but not yet for extreme heat, Public Safety Minister Mike Farnworth said Tuesday. Farnworth told a news conference the Alert Ready

Man using cellphone while driving
News Insurance

How work expectations are contributing to distracted driving

May 3, 2022 by Jason Contant

Work-related pressures may be contributing to distracted driving, but having a workplace policy in place appears to be an effective way to mitigate the risk, suggests a new survey from Travelers Canada. The 2022 Travelers Canada Distracted Driving Risk Survey

Rainbow crosswalk art at an intersection in San Francisco
News Insurance

Why insurers can appreciate asphalt art

April 29, 2022 by Jason Contant

Asphalt art is far from distracting for road users. In fact, it significantly reduces crashes and the rate of “conflict” between pedestrians and vehicles, according to a new study. A historical crash analysis compared a two-year span of crash data

Boreal forest fire in Banff, Alberta
News Insurance

Curbing Canadian forest fires could be an affordable way to cut emissions: study

April 28, 2022 Hina Alam - THE CANADIAN PRESS

Better wildfire management in Canadian and Alaskan forests could offer a cost-effective way to limit greenhouse gas emissions, a new study says. Research published in the journal Science Advances on Wednesday found wildfires in North American boreal forests could represent

Businessman buys data from a hacker
News Insurance

In the crosshairs: Why insurance remains a target for cybercriminals

April 27, 2022 by Jason Contant

Cybercriminals are now specifically searching for terms like ‘insurance’ when looking for data, a partner with Norton Rose Fulbright Canada LLP said during an industry event last week. “They’re not just looking for any data. They’re actually quite smarter,” says

Close-up of a young woman making a stop gesture. Focus on foreground
News ClaimsCommercial LinesInsuranceLegalLegislation / RegulationRisk

Sexual harassment: Grounds for dismissal, but not for denying severance

April 27, 2022 by David Gambrill

Slapping a woman on the buttocks in the workplace may be grounds for dismissal, but the threshold for terminating severance as a result of sexual harassment requires ‘wilful misconduct,’ the Ontario Court of Appeal has ruled. In essence, if the

Documents about fraud risk management
News Insurance

Fraud risk management at B.C.’s $16 billion Site C dam project can improve: auditor

April 27, 2022 by Jason Contant

VICTORIA – British Columbia’s auditor general says Crown-owned BC Hydro can improve its management of potential fraud risks at the $16 billion Site C dam project. Michael Pickup says an audit found the Crown corporation has some elements of fraud

Email cybersecurity concept
News Insurance

Investigation launched into email breach at N.L. fuel company North Atlantic

April 26, 2022 The Canadian Press

JOHN’S, N.L. – A fuel company in Newfoundland and Labrador is investigating after an employee’s email account was breached and information was downloaded from the account. A release from NARL Marketing, which operates the North Atlantic outlets across the province,