From leaving passwords written on sticky notes laying around to using simple passwords to not using proper technology to secure client data, employees and companies still have much to learn about data security, according to a recent report. And with new research showing that cyber incidents are the top global risk for businesses, the blunders […]
By Adam Malik | January 16, 2020
2 min read
Exclusions in commercial insurance for losses arising from violence might be broader than some of your clients think. “The war risk exclusion does not just apply where war has been officially declared between two or more countries,” said Lalita Mohabir, national product leader of managing general agent Burns & Wilcox Canada’s special risks division, in a […]
By Greg Meckbach | January 15, 2020
2 min read
With condo insurance premiums on the rise – in some jurisdictions, premiums have reportedly increased by 780% — and coverage scarce, legal counsel and Canadian Underwriter readers have a few ideas for the Insurance Bureau of Canada’s forthcoming risk manager for condo corporations. As reported, IBC’s newly created risk manager role will help condo corporations […]
By David Gambrill | January 15, 2020
3 min read
OTTAWA – Southwestern Quebec got a slight shaking from a minor earthquake early this morning. Earthquake Canada says the 3.4 magnitude tremor was detected at 5:38 a.m. in the Salaberry-de-Valleyfield region and could be felt in the Montreal area – though there were no reports of damage, and none were expected. The agency, which initially […]
By Jason Contant | January 13, 2020
1 min read
Thanks to emerging industries and threats, captives have once again taken centre stage as a popular form of alternative risk transfer
January 3, 2020
4 min read
Laura Langone, head of insurance operations at online rental marketplace Airbnb since April 2019, is now president of the Risk and Insurance Management Society (RIMS). The organization announced Thursday her 12-month appointment, effective immediately. She succeeds Gloria Brosius. Daring to be different is key for risk professionals, the San Francisco-based Langone said in a statement […]
By Adam Malik | January 2, 2020
2 min read
OTTAWA – The privacy policies of all the major federal political parties failed to ensure people gave valid consent to the collection and use of their personal information, concluded an analysis by the federal privacy commissioner. The policies also fell short on setting out specific limits on use of the data, details of how long […]
By Jason Contant | December 16, 2019
3 min read
TORONTO – Ontario is joining five other provinces in a class-action lawsuit against opioid manufacturers in a bid to recoup costs the government alleges can be directly attributed to the overdose crisis. The province passed legislation late Wednesday allowing it to join the British Columbia-led suit, which alleges that drugmakers falsely marketed opioids as less […]
By Jason Contant | December 13, 2019
3 min read
VANCOUVER – BC Hydro says it’s seeing a rise in the number of car accidents involving its power poles and other electrical equipment and is offering tips to avoid injury. The utility says it responded to more than 2,100 accidents involving its equipment last year, which is 13 per cent higher than the five-year average. […]
By Jason Contant | December 12, 2019
2 min read
OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk. The central bank’s overnight rate target has been set at 1.75 per cent since October of last year. In its rate announcement, […]
By Jason Contant | December 4, 2019
3 min read