Risk
Representations and warranties (R&W) insurance is becoming a hot market, as commercial clients wonder whether mergers and acquisitions could expose them to unforeseen liabilities. In Canada, the R&W market “has really expanded,” according to Brian Kelly, a Montreal-based managing partner for risk management at the commercial brokerage BFL Canada Risk and Insurance Services. He spoke […]
By Greg Meckbach | August 24, 2018
3 min read
VANCOUVER – Winemakers can only hope the scent of smoke that’s in the air across British Columbia from wildfires won’t swirl in the glass once this year’s vintages have been bottled. Smoke-shrouded grapes can give an ashy, bitter flavour to wine and tests have been developed to help growers assess the quality of their grapes, […]
By Jason Contant | August 24, 2018
Figuring out which tires should be used in winter is a risk management challenge for many school bus operators, a federal safety organization warned Wednesday. “If school bus operators do not have access to independent and objective assessments of winter tire performance, there is an increased risk that the most suitable winter tire will not […]
By Greg Meckbach | August 23, 2018
2 min read
VANCOUVER – A magnitude 6.2 earthquake that hit nearly 300 kilometres off the south-central coast of Oregon early Wednesday was strong enough to be felt in British Columbia. Data from the United States Geological Survey shows residents in Vancouver and on southern Vancouver Island – almost 700 kilometres from the epicentre – reported feeling the […]
By Jason Contant | August 23, 2018
1 min read
Shopping around for the best deal for a business client may be getting more difficult as commercial lines prices start to uptick. Among commercial insurers, “it seems there is a little bit of tightening up on the risk appetite,” Raymond Thomson, associate director of A.M. Best Company Inc., said in a recent interview. He was […]
By Greg Meckbach | August 20, 2018
Global insurance brokerage Hub International announced Wednesday that it has launched cannabis insurance and risk services for the Canadian market. The offering, under Hub’s agribusiness and farm specialty practice, is also available in the United States. It provides medical and recreational cannabis producers, distributors and retailers with protection and specialized solutions to reduce risks in […]
By Jason Contant | August 15, 2018
VICTORIA – The British Columbia government has declared a provincial state of emergency to support the response to the hundreds of wildfires burning across the province. The state of emergency will remain in effect for 14 days, but can be extended or rescinded as necessary. Public Safety Minister Mike Farnworth says the state of emergency […]
TORONTO – Recreational cannabis will be sold online in Ontario when legalized this fall and in private retail stores across the province early next year, the government announced Monday, reversing the previous administration’s plan to distribute cannabis through publicly owned outlets. The Progressive Conservatives, who took power at the end of June, said public safety […]
By Jason Contant | August 14, 2018
4 min read
Canada’s private auto, home and business insurers say the “fair rate” auto insurance model proposed by British Columbia’s public auto insurer last week is “long overdue.” Under the Insurance Corporation of B.C. (ICBC)’s proposed new auto insurance model, higher-risk drivers will pay higher premiums than lower-risk drivers. “The best way we can incentivize better behaviour […]
By Jason Contant | August 13, 2018
OTTAWA – Last Wednesday, a team of people from the Lake Ontario Waterkeeper environmental group descended on the Toronto harbourfront looking for any signs the previous night’s massive, flash-flood rainfall had caused the city’s ancient combined sewer system to overflow into the lake. They didn’t need to dip a single test tube into the water […]
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