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Risk Management


Natural gas wellhead on the Canadian prairies
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Canadian oil and gas sector routinely targeted by cyberattackers, experts say

April 11, 2023 The Canadian Press

CALGARY – Cybersecurity experts say they aren’t surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s natural gas distribution network. They say oil and gas infrastructure in Canada

A data centre with multiple rows of servers
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One simple question your cyber clients can’t answer

April 4, 2023 by Jason Contant

Your cyber clients likely don’t know the answer to basic questions such as what is being done on a particular server, or even how many computer servers the company has, an expert from a cyber response and recovery firm said

News ClaimsClaims CanadaInsuranceMarkets / CoveragesRestoration

First responders graduate from new Ontario First Nation fire program

April 4, 2023 Fakiha Baig - THE CANADIAN PRESS

A tribal council that represents five First Nations in northwestern Ontario says the first batch of local emergency medical responders from a new training program has graduated and will serve Pikangikum First Nation. The Independent First Nations Alliance says it

Drilling rig in Alberta
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Regulator defends finding that Alberta’s largest earthquake was caused by oilpatch

March 30, 2023 Bob Weber - THE CANADIAN PRESS

EDMONTON – Alberta’s energy regulator has defended its finding that the province’s largest recorded earthquake was caused by oilpatch activity, saying the pattern of temblors since last fall clearly points to a water disposal well even though there’s no suggestion

Alberta oilsands
News ClaimsInsuranceLegislation / RegulationMarkets / CoveragesRisk

Alberta Energy Regulator to launch third-party probe of oilsands tailings leak

March 29, 2023 Bob Weber - THE CANADIAN PRESS

EDMONTON – The Alberta Energy Regulator says it’s looking for an investigator to dig into releases of oilsands tailings and tailings-contaminated water that weren’t made public for nine months. In a statement Tuesday, the regulator said it’s seeking a “qualified,

A fire in Old Montreal that gutted a heritage building.
News ClaimsClaims CanadaInsuranceMarkets / CoveragesRestorationRisk

Questions raised about safety of Old Montreal building destroyed by fatal fire

March 27, 2023 Morgan Lowrie - THE CANADIAN PRESS

MONTREAL – More than a week after a fatal fire tore through a building in Old Montreal, accounts from former tenants and victims of the blaze are raising questions about the safety of the heritage property. Five bodies had been

An uneven stretch of road near Quesnel, B.C.
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Logging, forest loss may have awakened ancient B.C. landslides, at cost of about $1B 

March 24, 2023 Brenna Owen - THE CANADIAN PRESS

A series of ancient landslides have been “reawakened” in British Columbia’s Cariboo region, costing hundreds of millions in federal disaster assistance funds and prompting warnings that logging is connected to the problem.   The slides and flooding in spring of

Alberta Premier Danielle Smith at a press conference in February.
News ClaimsClaims CanadaInsuranceMarkets / CoveragesRisk

Alberta premier says changes coming to ensure prompt reporting of oilsands spills

March 22, 2023 Dean Bennett - THE CANADIAN PRESS

EDMONTON – Premier Danielle Smith says laggardly public notification of Imperial Oil oilsands wastewater spills has illuminated the need for Alberta to ensure future alarms are sounded quicker. Smith says her government is working with the province’s oilsands regulator to

Tailings samples at an Imperial Oil research centre.
News Insurance

Ottawa requests joint ‘working group’ on oilsands contamination with Alberta

March 20, 2023 Bob Weber - THE CANADIAN PRESS

Federal Environment Minister Steven Guilbeault has further spelled out what he wants to see in a new body that would oversee monitoring and communications around pollution problems in the oilsands. In a letter dated March 16 to his Alberta counterpart

Canadian armoured forces vehicles
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Cyberattack hits Canadian engineering giant with contracts for military bases, power plants

March 9, 2023 Lee Berthiaume - THE CANADIAN PRESS

OTTAWA – A Canadian engineering giant whose work involves critical military, power and transportation infrastructure across the country has been hit with a ransomware attack. Toronto-based Black & McDonald has so far refused to publicly comment on the cyberattack, while

A closeup of a seismograph machine needle drawing a red line on graph paper depicting seismic and earthquake activity - 3D render
News Commercial LinesConstructionInsuranceMarkets / CoveragesProductsRiskTechnology

New earthquake model considers eastern Canada risk

March 9, 2023 by Jason Contant

Aon plc has launched a new earthquake model for Canada, one that takes into account the well-known risk in western provinces but also the lesser-known risk in eastern Canada. The model is based on the latest scientific research from Natural

Corporate boardroom in chaos
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What might cause the softening D&O market to stall?

March 8, 2023 Philip Porado

Hard markets may come and go, but they seemed to stick around longer for Directors and Officers (D&O) coverage than for some other P&C industry segments. As of last fall, though, D&O availability and affordability have been improving. After several