Risk
When Ontario carriers propose private passenger auto rate changes to the government, they must now show how their proposed rates and risk classification systems contribute adequately to achieving a 15% premium reduction over two years.
August 31, 2013
5 min read
CANADIAN MARKET Hub International agrees to be acquired Insurance brokerage firm Hub International Ltd. has agreed to be acquired, for US$4.4 billion, by funds advised by Hellman & Friedman of San Francisco. Hub International, which was formed in 1998 through the merger of 11 Canadian brokerages, moved its headquarters to Chicago in 2001. Recent acquisitions […]
6 min read
This spring's deadly collapse of the Rana Plaza in Bangladesh, claiming the lives of more than 1,100 people, has served as a wake-up call. Companies and their insurers are now taking a renewed look at how to protect against the risks of operating complex global supply chains and how to insure against those risks.
July 31, 2013
Why should the equipment breakdown insurance industry care about 3D printing? Despite being around for decades, 3D printing is now becoming commonplace in manufacturing. And with every new product made comes not only benefits, but also the need to adapt to new and different circumstances.
4 min read
Stated intentions and actual changes have been swift after a runaway train brought parts of a small Quebec community to complete ruin in early July. The shock delivered by the Lac-Mégantic derailment was just starting to round into hope for recovery when the first lawsuits were filed. These are perhaps a good thing if they […]
3 min read
John Phelps, president and a director of Risk and Insurance Management Society Inc. (RIMS), wants his organization to focus on adding more international chapters and on encouraging more young professionals to enter the field.
Cyber risks are here - and growing. As technologies become more ubiquitous, cyber risks and the need to protect against these have become increasingly important regardless of an organization's size, sector or specific offerings.
Canada has had plenty to witness in the way of severe weather events in recent years and months. However, the jury is still out regarding whether or not businesses and insurers here are, in fact, prepared to deal with what seems to be increased nat cat risk.
The officers, directors and employees of Canadian companies in the extractive industries are increasingly a target as kidnapping and ransom grow as a criminal enterprise. Among the factors contributing to this trend are increased global demand for resources, and the resulting bonanza of new business opportunities for Canada.
There is no escaping talk of telematics these days and what that may mean for automobile insurance. But will telematics put an end to age and gender discrimination?
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