Canadian Underwriter

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Risk Management


News AppointmentsRisk

Canadian university risk manager on RIMS board

January 2, 2019 by Greg Meckbach

A Canadian risk manager is the new vice president of Risk and Insurance Management Society Inc., New York City-based (RIMS) announced Wednesday. Steve Pottle – director of risk management services for Thompson Rivers University in Kamloops, B.C. – was previously

News Insurance

Insurance hard to obtain for this food processor

December 20, 2018 by Greg Meckbach

Product liability and recall insurance is expensive and hard to place, a large chicken processing firm reported Thursday. Sanderson Farms Inc. said its business carries several risks, including product liability claims, product recalls, property damage and injuries to people. “The

News InsuranceRiskTechnology

How not to deal with a ransomware attack

December 19, 2018 by Greg Meckbach

Your client should never have to negotiate with a cyber criminal even if that client has suffered a ransomware attack, cyber security experts advise. Ransomware is a type of computer malware that prevents clients from either using their computers or

News ClaimsInsuranceRisk

Is the number of drunk drivers in Canada decreasing?

December 18, 2018 by Jason Contant

The number of Canadians who died in a crash involving a “drinking driver” has generally decreased in recent years, but rose again in 2015, according to recent research. In 1995, 1,057 Canadians (excluding British Columbians) were killed in road crashes

News InsuranceTechnology

How ransomware can become a broker’s cyber selling point

December 18, 2018 by Jason Contant

Brokers placing cyber coverage for healthcare clients may want to take note of a new survey that found for many Canadian businesses, ransomware isn’t a one-time occurrence. Of those polled that said they knew of a ransomware attack in their

News LegalRisk

Failure to describe corruption risk cost this firm $30 million

December 18, 2018 Ian Bickis - THE CANADIAN PRESS

TORONTO – Katanga Mining Ltd. will pay $30 million to the Ontario Securities Commission for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo and its reliance on a controversial billionaire businessman. A

News EmploymentInsuranceProfessional DevelopmentRisk

How business leaders influence sexual harassment attitudes

December 17, 2018 by Jason Contant

The way business leaders communicate can shape employees’ attitudes toward sexual harassment, new research has found. “Our research points to a single step that leaders can take to help reduce sexual harassment: communicate to employees that preventing it is a

News RiskTechnology

Not all Ontario schools follow this cyber security rule

December 14, 2018 by Greg Meckbach

Some former school board employees can still look at children’s records – including address and date of birth – over the Internet because their access to this system has not been revoked, the Auditor General of Ontario suggested in a

News InsuranceRisk

Bank robbery involves improvised explosive device

December 13, 2018 THE CANADIAN PRESS

EDMONTON – Two security guards were injured in an explosion during an overnight armed holdup at a Scotiabank branch in northeast Edmonton. Police at the scene said the guards – a man and a woman employed by GardaWorld – suffered

News InsuranceLegislation / RegulationRiskTechnology

This commercial insurers’ concern caught the auditor general’s attention

December 12, 2018 by Greg Meckbach

Concerns from insurers about boiler explosions has prompted an Ontario safety watchdog to recommend more regulatory oversight of pressure vessels and boilers used in wineries and other agricultural operations, the auditor general noted in a recent report. “Ontario is the only

News Legislation / RegulationRisk

This commercial line could see $24 million revenue increase

December 12, 2018 by Greg Meckbach

Federal regulations requiring liability insurance for boats that carry passengers take effect Jan. 11, Transport Minister Marc Garneau announced Wednesday. It is estimated the industry will make $24.8 million more, over 10 years, than it otherwise would have, the federal

News ClaimsRiskTechnology

Privacy breach hotel faces class action in Canada

December 11, 2018 Tara Deschamps - THE CANADIAN PRESS

TORONTO – Canadians who stayed at Marriott International Inc. and Starwood Canada ULC hotels are taking legal action against the companies following a security breach. At least three proposed class actions have been launched in Toronto and Montreal against the