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Totten Insurance Group acquires Canadian Resources Insurance Solutions

August 3, 2016 by Canadian Underwriter

National insurance managing general agency Totten Insurance Group announced on Wednesday that it has acquired the shares of Canadian Resources Insurance Solutions, Inc. (CRIS), a Sudbury, Ont. based insurance wholesaler. Terms of the acquisition were not disclosed, but Hub International

Natural gas drilling operation in north Arkansas in the Fayetteville Shale Play.
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Paris climate agreement presents ‘particular risks’ for shale fuel producers: Willis Towers Watson

July 5, 2016 by Canadian Underwriter

An international agreement to limit carbon emissions, regulations requiring some natural resources firms to have cash on hand to decommission facilities and the threat of cyber attack are among the risks cited by senior executives in a Willis Towers Watson

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Climate change turning the world’s bogs into fire hazards, researchers warn

June 29, 2016 by Canadian Underwriter

The peat bogs of the world, once waterlogged repositories of dead moss, are being converted into fuel-packed fire hazards that can burn for months and generate deadly smoke, warns a researcher from McMaster University in Hamilton, Ont. New research from

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Executives want insurance decision-making to be faster: PwC report

June 29, 2016 by Canadian Underwriter

Executives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,

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Global P&C insurance market forecast to grow at a compound annual growth rate of 5.77% from 2016 to 2020

May 31, 2016 by Canadian Underwriter

The global property and casualty insurance market is forecast to grow at a compound annual growth rate (CAGR) of 5.77% during the period of 2016 to 2020, according to a new report from Research and Markets. The report from the

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Athabasca, Syncrude bring back project staff as wildfire risk recedes

May 24, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Alberta oilsands workers forced to flee the ferocious Fort McMurray wildfire are returning to begin the tricky process of restarting their projects in northern Alberta, reassured by colder weather and a forecast of rain. In a Tuesday morning

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Global market for business services using drones valued at more than US$127 billion: PwC

May 11, 2016 by Canadian Underwriter

The emerging global market for business services using drones is valued at more than US$127 billion, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The “drone revolution” is disrupting industries ranging from agriculture to filmmaking, PwC said

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IBM to teach Watson computer system “language of cybersecurity”

May 10, 2016 by Canadian Underwriter

IBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version

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Top court will not hear appeal of Sask. appeal court’s reduction of punitive damage against insurers found to have breached duty of good faith

April 25, 2016 by Canadian Underwriter

The Supreme Court of Canada recently announced it will not hear an appeal from a claimant over a decision, by the Saskatchewan Court of Appeal, which reduced $4.5 million in punitive damages against two insurance companies, in a lawsuit over

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Cloud technology challenging the notion of what a corporate network is: RIMS speaker

April 13, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Hacktivist-type attacks like those involving Sony Pictures Entertainment and Ashley Madison have gotten very personal and are coming at a time when cloud technology is transforming corporate networks, Brad Gow, senior vice president of Endurance Insurance, said

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RIMS executive report outlines steps to successful risk taking

April 12, 2016 Angela Stelmakowich, Editor

SAN DIEGO – RIMS, the risk management society, issued a new executive report Tuesday that explores how a formal risk appetite and risk tolerance statement “can become a powerful strategic tool for not only managing risk, but also for maintaining

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Cyber incidents in mining a complex topic for risk managers, mining product development has not kept pace with needs: Munich Re

April 12, 2016 Angela Stelmakowich, Editor

SAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re.