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Risk Management

News ConstructionInsurance

Bigger may not always be better to insure

May 3, 2018 by David Gambrill

Supertall structures, buildings more than 300 metres high or 90 storeys tall, are in vogue right now, raising interesting insurance challenges, according to a recent industry trends report released by the Insurance Institute of Canada. “Increasingly complex high-rise building projects

News InsuranceTechnology

Retailers ‘should be able to detect’ cyber attacks: lawyer

May 2, 2018 by Greg Meckbach

A breach of customer payment card information involving Saks Fifth Avenue has taken a cyber risk lawyer by surprise. In July 2017, “malware began running on certain point of sale systems at potentially all Saks Fifth Avenue, Saks OFF 5TH

News InsuranceLegislation / Regulation

Risks your client faces if it buys a former gas station

May 1, 2018 by Greg Meckbach

The owner of a “brownfield” polluted commercial property in British Columbia has lost its bid to have the property considered worthless for tax purposes. Victory Motors (Abbotsford) Ltd., situated about 80 kilometres east of Vancouver, owns commercial property that was

News InsuranceTechnology

16 carriers support broker study on API data connectivity

April 30, 2018 by David Gambrill

Ontario brokers have garnered the support of at least 16 insurance companies and “all key broker technology vendors” to participate in a study on data connectivity. The study includes discussion about an Application Programming Interface (API) tech model that would

News Markets / Coverages

Trial run coming next week for Canada-wide emergency alert system

April 30, 2018 The Canadian Press

OTTAWA – Millions of cellphones, tablets and other portable devices will sound off across the country next week to test Canada’s new public emergency alert system. The country’s broadcast and telecom regulator says the tests will be carried out next

News Insurance

4 ways to cope when your family and work commitments collide

April 27, 2018 by David Gambrill

Your most important meeting of the year with the brokerage’s biggest client falls on an afternoon when your daughter’s soccer team plays in the city championship game. What do you do? A standard response is to feel stress and guilt,

News ClaimsInsuranceMarkets / Coverages

2 reasons why it’s hard to model crop risk in Canada

April 27, 2018 by Jason Contant

Fluctuating loss ratios and an evolving mix of crops in Canada are two factors contributing to the difficulty in modelling crop risk in the country, AIR Worldwide said recently. Rebecca Arias, the catastrophe modelling firm’s product marketing manager, wrote in

News Insurance

Provinces need more info about marijuana impairment testing technology

April 27, 2018 The Canadian Press

VANCOUVER – British Columbia may have unveiled its plan for regulating recreational marijuana, but the enforcement and testing for drug-impaired driving remains hazy. Solicitor General Mike Farnworth says the provinces need to hear “ASAP” from the federal government about what

News InsuranceMarkets / Coverages

Auditor’s report reinforces risk managers’ warnings about trade risk

April 26, 2018 Greg Meckbach, Associate Editor

Uncertainty over the 24-year-old North American Free Trade agreement is probably discouraging some investment in Ontario, the province’s auditor general suggested in a report released Wednesday. Uncertainty over NAFTA is “almost certainly causing at least a temporary chilling effect on

News InsuranceLegalMarkets / Coverages

How machine learning can help you predict court decisions

April 26, 2018 by Jason Contant

Machine learning is now able to analyze court decisions and predict how judges may respond in certain situations, based on an analysis of existing caselaw. Artificial intelligence technology is currently available to analyze tax and employment caselaw, but it’s easy

News InsuranceTechnology

Simplifying claims involving automated cars

April 26, 2018 by David Gambrill

Canada’s insurers are developing a framework for insuring automated vehicles that is designed for handling auto claims quickly, regardless of whether tort liability arises from human error or a manufacturing defect in the automated vehicle. “We all know the automated

News ClaimsInsurance

New Brunswick latest province to see rising flood threat

April 26, 2018 The Canadian Press

FREDERICTON – Waters are rising in New Brunswick, and officials are warning residents to move their belongings to higher ground. New Brunswick’s Emergency Measures Organization says the St. John River is expected to reach flood stage this week in many