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Can it happen here? Political violence as a risk in Canada

October 8, 2020 by Adam Malik

Canada isn’t known for political violence compared to other parts of the world, but it’s a growing trend that has at least one insurer keeping its eye on developments. This year has seen an increase in political demonstrations in both

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Product safety: Good for consumers but costly for insurers

October 6, 2020 by Adam Malik

The good news is that Canada has stringent rules around food and consumer products, which makes it no surprise that there can be many recalls. The flip side, however, is that insuring for recalls is taking its toll on the

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Watch out for litigation funding in Canada, industry execs warn

October 2, 2020 by Adam Malik

A leader in the Canadian P&C industry is sounding the alarm about the rise of litigation funding in Canada. Litigation funding is an arrangement in which a third-party company — not the plaintiff’s law firm — agrees to fund all

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Wildfire risk is elevated this year. Why the pandemic made it worse

August 7, 2020 by Adam Malik

The central and Pacific coast of British Columbia could see an increased risk of wildfires this year, a new report predicts. And COVID-19 restrictions could make the risk higher, Allianz Global Corporate & Specialty warned in its 2020 Wildfire Report,

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The impact of surreptitious dangerous goods shipments on marine insurance

July 15, 2020 by Greg Meckbach

The marine insurance sector saw a huge drop last year in the number of total shipping losses but the industry continues to have a problem with shippers trying to sneak hazardous and flammable cargo on board without declaring it. “Dangerous

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Have clients who have temporarily closed? Here’s how they should secure their premises

April 7, 2020 by Adam Malik

Just because a business has closed its doors to staff and customers because of the COVID-19 pandemic, risks from fire, combustible materials and flood are still present at their physical buildings even when unoccupied, warned a new report from Allianz

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How cyber threats grew from afterthought to top global concern

January 21, 2020 by Adam Malik

The threat of a cyber incident was a distant concern for companies around the world just seven years ago. It ranked 15th back then on a list of major business concerns, according to the annual Allianz Risk Barometer report. Today,

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Flammable liquid risk should be top of mind for these clients

August 19, 2019 by Greg Meckbach

Commercial clients looking for ways of managing wildfire risk should turn their mind at some point to flammable liquid storage. “You wouldn’t want a gas can right up against the building,” said Scott Steinmetz, global head of risk control, MidCorp