Risk
TORONTO – Enterprise Holdings Inc. says it will suspend its carsharing service starting Friday because of the coronavirus pandemic. The car rental agency says that its CarShare program will close indefinitely to “ensure the safety of our community.” The service allows customers to remotely rent vehicles scattered about cities for short periods, making it difficult […]
By Jason Contant | March 26, 2020
1 min read
TORONTO – The two-pronged battle to contain the spread of COVID-19 while inoculating the economy saw governments on Tuesday rush to ease financial hardship amid massive job losses even as they tightened restrictions that could last for weeks. With large swaths of normal work and recreational life grinding to a halt and the health system […]
By Jason Contant | March 24, 2020
4 min read
CALGARY – The City of Calgary is in a local state of emergency to help fight the spread of COVID-19. Downtown streets were mostly empty Monday and traffic was light as many Calgarians heeded public warnings about the novel coronavirus and decided to work from home. Calgary Mayor Naheed Nenshi declared the state of emergency […]
By Greg Meckbach | March 16, 2020
2 min read
Improper installation of pipes and connections is one of the biggest risks your clients face when it comes to water losses, Northbridge Insurance suggests. “Most water damage losses occur as a result of faulty workmanship. If contractors improperly install pipes and connections, it isn’t always obvious; it can take weeks or months before an issue […]
By Greg Meckbach | March 10, 2020
Ontario’s new flooding strategy is focusing on increasing public awareness and preparedness, but it’s not clear if it will come with any new funding. Natural Resources Minister John Yakabuski announced in Minden, Ont., that the strategy builds on the recommendations from a report last year on spring flooding that saw 23 municipalities and one First […]
By Jason Contant | March 9, 2020
3 min read
OTTAWA – The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it cut its target for the overnight rate […]
By Jason Contant | March 4, 2020
How market pressures and climate issues are combining to reduce the availability of insurance to condo corporations
March 1, 2020
7 min read
Canadian risk pros are making a median annual base salary of $101,000 as of June 1, 2019. That’s up 3.6% over the previous year, according to the Risk Management Compensation Survey published by the Risk and Insurance Management Society (RIMS). Education and experience play a role in how much risk professionals earned, the RIMS benchmark […]
By Adam Malik | February 24, 2020
TYENDINAGA MOHAWK TERRITORY, Ont. – Several protesters were detained Monday morning as provincial police moved in to clear a rail blockade on Tyendinaga Mohawk Territory in central Ontario that has brought freight and passenger rail traffic to a virtual standstill. The arrests came hours after the protesters ignored a midnight deadline by police to leave […]
By Jason Contant | February 24, 2020
OTTAWA – Transport Minister Marc Garneau is easing speed restrictions placed on certain trains following a derailment in Saskatchewan earlier this month that spilled 1.2 million litres of crude oil and started a massive fire. Garneau says the move is the result of close collaboration between government officials and rail companies to determine the reasons […]
By Jason Contant | February 18, 2020
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