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Risk Management


News Insurance

Montreal library closes after hacking attack on daycare registration website

May 17, 2021 The Canadian Press

MONTREAL – A large library in Montreal will be closed until Tuesday morning in the wake of a hacking attack on Quebec’s public daycare registration website. Quebec’s Treasury Board Secretariat issued a recommendation on Friday evening urging all government bodies

News Insurance

Why wildfire is moving into ‘peak peril’ range

May 14, 2021 by Jason Contant

Wildfire is now moving into the range of a “peak peril” type of risk, similar to earthquakes and hurricanes, Risk Management Solutions, Inc. (RMS) told Canadian Underwriter recently. Overall, in both Canada and the United States, wildfire risks are starting

News Insurance

Canada’s worst-case wildfire scenario could see a $20-billion loss: RMS

May 13, 2021 by Jason Contant

Canada could potentially see $20-billion loss events from wildfire alone, according to recent simulations by Risk Management Solutions, Inc. (RMS). The odds of that happening would be “extremely rare, on the order of a 1-in-10,000-year return period,” Michael Young, vice

News Insurance

Cybersecurity experts say Canadian businesses can learn from U.S. pipeline attack

May 13, 2021 David Paddon - THE CANADIAN PRESS

TORONTO – Canada’s two largest pipeline companies say they have taken a proactive approach to avoid the type of cyberattack that has disrupted gasoline supplies in the U.S. Southeast and contributed to higher retail gasoline prices across North America. Hackers

News InsuranceRiskTechnology

When humans team up with machines, P&C innovation wins

May 4, 2021 by David Gambrill

Debates about whether humans or computers are at the centre of innovative insurance products are a red herring — the best way to build an insurance product is an integrated approach using the best of what humans and machines have

News Insurance

Ontario nursing homes badly prepared for COVID-19 pandemic, auditor general says

April 28, 2021 Colin Perkel - THE CANADIAN PRESS

TORONTO – Ontario’s nursing homes were woefully unprepared for the onslaught of COVID-19 – the culmination of years of neglect and failure to address known problems, the province’s auditor general said on Wednesday. In a special report, Bonnie Lysyk took

News Insurance

Brian Parsons joins BFL Canada from Willis Towers Watson

April 27, 2021 by Jason Contant

BFL Canada announced Tuesday it has appointed Brian Parsons as its new president of BFL Canada’s national risk management division. The large commercial brokerage said in a press release Tuesday that it will also announce new appointments in its risk

News Insurance

Study says easing rules on transfer of unreclaimed oil wells could speed cleanup

April 26, 2021 The Canadian Press

CALGARY – A report says Alberta should lower regulatory barriers that discourage businesses from reusing abandoned oil and gas wells. The Canada West Foundation and Energy Futures Lab say that could include allowing companies to sell off defunct energy infrastructure

News Insurance

Alarms being installed on B.C. river and dam following fatal water release

April 22, 2021 The Canadian Press

VANCOUVER – An interim public alarm system is being installed on the Cleveland Dam and along the Capilano River in North Vancouver to prevent future deaths from a sudden release of water. Five people fishing on the river last October

News EmploymentInsurance

Will the need for social interaction make the hybrid office a passing fad?

April 21, 2021 by David Gambrill

While many Canadian employees wish to return to a hybrid office — some adamantly so, according to a recent survey by human resources firm Robert Half — some believe the “fear of missing out” on the opportunity to socialize with

News RiskTechnology

Small business clients are making these cyber security errors

April 16, 2021 by Greg Meckbach

Failure to install patch updates, relying too much on passwords, and failure to train employees are three sources of cyber security losses all too common among small business clients, a technology vendor suggests. One of the most common cyber security

News AdjustersBrokersEmploymentInsuranceProfessional Development

How to build empathetic managers for the hybrid workplace

April 16, 2021 by David Gambrill

Canadian property and casualty insurance industry leaders have often talked about the importance of managing with empathy during the pandemic, but empathic managers will become even more valuable in the hybrid workplaces that are expected to emerge after the pandemic