Segment
Risk Management
Why speed bumps can be a double-edged sword
November 2, 2018 by Greg MeckbachPutting speed bumps on private laneways might help commercial clients manage traffic risk, but they need to paint those bumps properly to reduce liability risk. Madison Properties Inc. owns a shopping plaza in Toronto. Maria Pia Cannito tripped and fell…
How off-road vehicles impact commercial liability risk
November 1, 2018 by Greg MeckbachCommercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as…
Truly driverless cars now allowed in California
October 31, 2018 Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies. The regulatory approval…
Think your password has been stolen? Think again.
October 30, 2018 by Jason ContantBrokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years…
Man sues Tesla over crash during autopilot mode
October 30, 2018 Mike Schneider - THE ASSOCIATED PRESSORLANDO, Fla. – A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday.…
Study suggests bedrock stress a factor in fracking-caused earthquakes
October 29, 2018 Bob Weber - THE CANADIAN PRESSNew research is digging in to why fracking causes earthquakes in some areas but not in others. A paper published Monday in Geophysical Research Letters suggests the likelihood of an artificial earthquake is heavily influenced by how stable the ground…
Why this insurer is ‘shrinking’ its D&O liability business
October 26, 2018 by Greg MeckbachLawsuits arising from corporate mergers and acquisitions and “creative theories of liability” are reducing Chubb Limited’s appetite to insure directors’ and officers’ liability. Since 2016, there has been an increase in the frequency of lawsuits against directors and officers, said…
Why the industry needs to trust in AI algorithms
October 26, 2018 by Jason ContantManagers, executives and boards in the insurance industry need to trust in artificial intelligence algorithms, even if they don’t look like traditional models, an Accenture executive told Canadian Underwriter Thursday. Machine learning models can better predict events with a greater…
Supreme Court limits when accused drunk drivers can get breathalyzer logs
October 26, 2018 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top court has set new limits for defendants trying to beat a drunk-driving charge in a ruling that may have consequences for anyone accused of being high behind the wheel. What the Supreme Court of Canada laid…
4 ways AI can improve your performance
October 25, 2018 by Jason ContantArtificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,…
More interest from corporate clients in this specialty coverage
October 25, 2018 by Greg MeckbachLarge corporate clients often face unexpected tax bills in the millions – and companies are looking for insurers willing to share the risk. Aon Canada has meetings scheduled with several Canadian law firms to brief them on how tax insurance…
Why you might need an investment banker to help place commercial insurance
October 24, 2018 by Greg MeckbachIf your mid or large-sized commercial clients are involved in mergers and acquisitions, there are risks involved and insurance to address those risks, but it’s not like selling fire insurance. “It is not a simple case of saying, ‘Fill out…