Risk
1 Totten Insurance Group Inc. has announced it has acquired the shares of Montreal-based National Brokerage Services S.C.N. Inc., a commercial insurance wholesaler. Totten Insurance Group, a subsidiary of Hub International Ltd., reports that its acquisition of NBS complements the company’s areas of focus predominantly in the business segments of construction, contracting, hospitality, agriculture, restoration and […]
March 31, 2015
4 min read
Cyber risk is evolving. Despite recent high-profile attacks meant to disparage, disrupt and produce fear, though, a true picture of cyber risk involves far more than intended events. Risk managers must, first, accept the breathtaking breadth of the risk and, second, be ready to absorb information that will help them to set an accurate sight on what is (and will continue to be) a moving target.
February 28, 2015
17 min read
With the growth in oil traffic activity, environmental risks at ports and terminals are also on the rise. That said, a solid understanding of current conditions and potential risks can help with identifying what insurance solutions will help address and minimize any related loss.
6 min read
The 2015 Allianz Risk Barometer makes clear that concerns over cyber risk are on the rise, both in Canada and around the world. In the wake of that accelerating ascent, what might be the value in taking a "think-tank" approach to addressing cyber risk exposures?
Business gifts. Are they always sincere and simple demonstrations of appreciation? Or do these gifts sometimes come with strings attached? How can rules-based, people-based and situation-based guidance help insurance professionals determine an ethical course of action?
7 min read
J.D. Power's recent study of risk professionals and risk management team members in the United States and Canada shows that insurers and brokers need to work together to meet commercial customer needs. Care must be taken with regard to limiting customer-reported issues, understanding the customer's business and communicating effectively.
5 min read
Brokers are moving the needle on telematics for commercial auto insurance. New data solutions could allow fleet owners of all sizes to keep closer tabs on their vehicles for pricing discounts - and improved safety.
When it comes to winter storm damage, does the industry have enough information (over a long enough period of time) to accurately quantify the risk? Claims experience, catastrophe models, responsible risk management and solid underwriting practices are all needed to develop a full picture of the risk.
What sort of approach will allow health care organizations to manage organizational risk? A newly developed model seeks to accomplish that objective through the adoption of a standardized, efficient and effective approach to integrated risk management.
Michel Pontbriand and Julie Chapdelaine, co-chairs of the upcoming RIMS Canada conference, suggest that risk managers adopt a wide view of risk to capture all the possibilities.
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