Many events can cause business interruption, although natural catastrophes are the most obvious culprits. Whether close to home, across the country or around the world, these events can interrupt – even break – supply chains that allow businesses to run. To stop green light from turning to red, risk management at the front end and perhaps contingent business interruption at the back end is well-advised.
As is often the case, it comes down to supply and demand. But sometimes supplying that demand is slowed – even stopped – by a single event or a tangle of interconnected ones that break vital supply chains, producing adverse…
Independent adjusters can find an important market in self-insured retention (SIR) clients. Insurance industry cycles often dictate the appetite for alternative risk transfer, particularly during a prolonged soft commercial market with attractive premiums. For those adjusters who persist in this field, SIR clients present an avenue of opportunity – and challenge.
Zurich Canada hosted its “Trendworks” North American road show event exclusively for its broker community at the newly constructed Shangri-La Hotel in downtown Toronto on November 1. At the event, brokers were able to meet with some of Zurich’s business…
Unique challenges for mining insurers relate to the huge size, complexity and equipment of the projects they cover.
Businesses can gain a competitive advantage by using the right tools to select and manage their supply chain risks.
Glenn T. Gibson, recipient of the 2011 Established Leader Award from the Insurance Institute of Canada, describes Canada’s P&C industry leaders as anomalies to the leadership theories of best-selling author Malcolm Gladwell
Commercial brokers can sometimes find themselves caught in a discrepancy between how much coverage their clients think they need and how much coverage brokers believe their clients require. How much counsel is enough?
Commercial insurers are taking a much closer look at their clients’ supply chain and business interruption exposures after the double-whammy last year of the 2011 Tohoku earthquake and tsunami, followed by the worst Thailand flooding in decades.
Canadian Market Auto personal accident lines improve after Ontario auto reforms Automobile personal accident lines showed a huge improvement in 2011 Q3 compared to the same period last year, according to figures released by the Office of the Superintendent of…
This is the second part of a two-part series chronicling Vanessa Mariga’s week-long trip to the Canadian North to trace the connections between climate change, ice thaws, polar bears and insurance.
The risk management business often talks about supply “chains,” but a web is probably a more appropriate metaphor for describing how business operations are interconnected in the world today.