Risk
Commercial applications for the disruptive technology of drones have taken off in the last few years. Insurance companies are also keen to seize the opportunities that drones provide in claims support and risk assessment, but must navigate a fast-changing regulatory environment along the way.
August 31, 2015
6 min read
1 Travelers Canada chief executive officer Brigid Murphy [1a] is retiring from CEO duties, chief operating officer (COO) Duane Sanders [1b] is replacing Murphy and Heather Masterson [1c], most recently with Totten Insurance Group Inc., is taking on the COO role. Masterson will join Travelers Canada September 14, reports The Travelers Companies Inc. She was […]
4 min read
Any organization could be the target of an active shooter trying to harm people in a confined area. Canadian firms have a legal duty of care to ensure persons are safe from dangerous activities taking place on their premises, so managers need to take very specific measures to identify, analyze and mitigate the risk.
July 31, 2015
5 min read
As mining and metals firms connect more operational systems to computer networks, their vulnerability to hacking tends to increase. Yet most metals and mining firms surveyed have no formal program to detect information security breaches.
Fronting is one option for risk managers wanting to reduce insurance expenditures by retaining more risk, while still complying with contractual and regulatory requirements. Such an arrangement has specific requirements and a clear understanding of who will manage claims.
Condominium policies vary across Canada, both by jurisdiction and individual condo corporation. When a homeowners' insurance broker is serving a condo unit owner, the broker needs to understand exactly what coverage that particular condo owner needs, what risk exposures that particular client has and for what the client's condo corporation is responsible.
7 min read
Liability risk arising from information security violations is on the radar screen of many commercial insurance providers. Despite the widespread use of the term “cyber,” some of the critical risk mitigation tactics have little – if anything – to do with computer technology. In a recent report, ABI Research predicts the global market for cyber […]
3 min read
1 Paul Taylor [1a] assumed duties as president and chief executive officer of Western Financial Group July 6. Taylor will oversee Western Financial’s network of insurance brokerages, as well as lead all company business units, including Western Financial Group Insurance Solutions, Western Financial Insurance Company (Petsecure) and Western Life Assurance Company. Most recently president of […]
With advances in casualty catastrophe modelling and greater use of enterprise risk management, liability insurers are poised for a transformation in risk management, reinsurance focus and strategy. The shifting focus to real exposures of liability business is closing the divide that, until recently, has existed between the framework that supports property versus casualty exposures.
July 2, 2015
Having identified British Columbia as a province with strong growth and profit potential, SGI CANADA is set to enter the marketplace this summer. While the focus in the short term will be to provide brokers in the interior with an additional market and capacity, the company will eventually offer products in higher earthquake regions.
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