Risk

Difficulties by Design

Architects, engineers and design professionals face numerous exposures when it comes to building defects, contractual issues and litigation. Ontario's Bill 124 aims to address this issue with mandatory professional liability insurance, tests for building code knowledge and a registration process for all building designs. The big question for insurers, architects and engineers is: will the legislation actually achieve its purpose?

October 31, 2005

9 min read

Risky Business RIMS Canada Conference 2005

Corporate board executives need to be active members of their companies' risk management committees in order to properly manage the business risks they face, a RIMS Canada panel heard in September. Companies should also consider hiring a risk manager, if they haven't done so already, because many risks are observable only by people who have witnessed the company's behaviors over a long period of time.

October 31, 2005

4 min read

Will Innovation Withstand Regulators’ Microscope

Finite insurance the unfair target of regulators, panel says

October 31, 2005

4 min read

The Case for Side A Insurance

How can an independent director be better protected from management fraud that can't be discovered through diligence? D&O insurance appears to offer a reasonable degree of protection to the independent director. But the precise type of D&O insurance is of crucial importance - a Side A DIC policy, for example, may provide for broad severability, meaning that fraud on the part of management may not result in the coverage being rescinded against all insureds.

October 31, 2005

7 min read