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Risk Management


News ClaimsRisk

Artist or hoarder? Why insurers don’t like clutter

October 2, 2018 by Greg Meckbach

Self-employed artists who work from their own apartments with large quantities of material should have sprinkler systems and firewalls, a Toronto fire inspector suggests. In 2017, Toronto Fire Services ordered an apartment tenant – identified only as K.R. – to

News Legislation / RegulationRisk

The ‘wake-up call’ for brokers placing D&O liability

October 2, 2018 by Greg Meckbach

A multi-million-dollar pollution clean-up order that spooked the Canadian insurance industry has some commercial brokers taking a good hard look at the exact wording of mid- to large-sized clients’ directors and officers (D&O) liability policies. The Ontario Ministry of the

News Legislation / Regulation

Bank of Canada studying issues around a central bank digital currency

October 2, 2018 The Canadian Press

CALGARY – The Bank of Canada is looking at the key questions around the design of a digital currency and the issues surrounding such an idea, a senior Bank of Canada official said Monday. However, deputy governor Timothy Lane told

News InsuranceLegislation / RegulationMarkets / Coverages

What changed for insurance industry under the new trade deal?

October 1, 2018 by David Gambrill

Aside from the name change from NAFTA to the United States-Mexico-Canada Agreement (USMCA), what changed for Canada’s property and casualty insurers under the new free trade agreement announced Monday? Not a whole heck of a lot, it would appear. Regulations

News InsuranceRisk

How driverless vehicles may make crash injuries worse

October 1, 2018 by Jason Contant

The severity of some accidents may increase as vehicles become driverless, in part because driver orientation will change, a crash reconstructionist told Canadian Underwriter in an interview last week. Currently, drivers are sitting in their seats, properly belted with their

News Mergers and AqcuisitionsRiskTechnology

Managing your client’s M&A risk with A.I.

October 1, 2018 by Greg Meckbach

Mergers and acquisitions come with risks for buyers, and one law firm uses machine learning to help clients manage at least some of those risks. One risk to a buyer is when the target company has liabilities – such as

News LegalMarkets / CoveragesRisk

Walmart fined $20K for selling contaminated food after Fort McMurray wildfire

October 1, 2018 The Canadian Press

FORT MCMURRAY, Alta. – Walmart Canada has been ordered to pay a $20,000 fine for selling contaminated food after a devastating wildfire in northern Alberta two years ago. Some of the charges against Walmart included failing to dispose of food

News InsuranceRisk

This province’s licence suspension system is ‘fundamentally flawed’

September 28, 2018 Peter Cameron - THE CANADIAN PRESS

TORONTO – Ontario’s ombudsman says the system for notifying drivers that their licence has been suspended is “fundamentally flawed” leaving many people unwittingly driving with invalid licences. In a report released on Thursday, Paul Dube makes 42 recommendations designed to

News InsuranceRiskTechnology

Could smart cities be held liable for driverless car crashes?

September 27, 2018 by Jason Contant

Fully autonomous vehicles that communicate with other vehicles and city infrastructure will create a brand new exposure for insurers and municipalities. Traditionally, when there is a pedestrian bodily injury claim from a vehicle accident, there is two parties – the

News InsuranceLegislation / RegulationMarkets / Coverages

How this province is limiting the scope of cannabis risk

September 27, 2018 by Jason Contant

Ontario will soon introduce legislation defining the scope of recreational marijuana use, just weeks before the federal government is scheduled to legalize pot on Oct. 17. The governing Progressive Conservative Party is introducing a tightly-regulated regime in which municipalities will

News Risk

Air Canada pilots say near-collision a wake-up call on pilot fatigue

September 27, 2018 Ross Marowits - THE CANADIAN PRESS

TORONTO – A near-collision of an Air Canada jet at San Francisco’s airport should be a wake-up call for the federal government to adequately address pilot fatigue for overnight flights, the union representing the airline’s pilots said Wednesday. “I don’t

News InsuranceProfessional Development

Maybe men aren’t such bad multi-taskers after all

September 26, 2018 by Jason Contant

Despite popular stereotypes, women are not better multi-taskers than men, suggests a new blog from Harvard Business Review. “We cannot exclude the possibility that there are no sex differences in serial multitasking abilities, but if they exist, such differences are