Claims

What Supreme Court says about liability risk for contract breach

A recent Supreme Court of Canada ruling in favour of a property maintenance firm has several liability risk management takeaways when it comes to contracting for commercial clients. C.M. Callow Inc. had property maintenance contracts in 2012-14 for a group of 10 condo corporations located at the Baycrest Gardens complex in Ottawa. On Sept. 12, 2013, that […]

By Greg Meckbach | January 11, 2021

4 min read

Advice for how to go beyond a ‘general commitment’ to diversity and inclusion

Your organization may be committed to having a diverse and inclusive workplace, but you may need to go further than that, the Toronto-based Human Resources Professionals Association suggests in a recent report. “A general commitment to diversity and inclusion is not enough,” Laura McGee, CEO of Diversio, stated in a release announcing the report. “Clients, […]

By Greg Meckbach | January 8, 2021

2 min read

Regulator’s pilot project to start scenario-testing for climate change risks

Canada’s solvency regulator has introduced a pilot project in 2021 to conduct scenario testing of the impact of various climate-related risks on financial institutions’ bottom lines. “The first step of the pilot project is to develop a Canada-relevant set of transition scenarios [representing the transition to a low-greenhouse gas economy], and financial risk assessment methods […]

By David Gambrill | January 7, 2021

3 min read

Impeding, hindering or preventing: Do these mean the same thing in business interruption insurance?

Say your client has a policy covering business interruption if the government prevents access to the premises. A pandemic breaks out. Say that client is not completely prohibited from conducting business, but is still losing sales because the government is advising people to stay home. The COVID-19 pandemic has spawned a debate over whether a […]

By Greg Meckbach | January 6, 2021

5 min read