Risk
The challenge of enterprise risk management programs for many organizations has always been how to quantify "value" and effectively harness data across the enterprise. Risk management consultants believe there is now a solution in emerging data mining and analytic modelling technology that effectively turns "data" into true risk intelligence.
September 30, 2014
6 min read
The outlook for Canada's property and casualty insurance industry may be stable, as has been the case for the last few years, but that does not mean things are standing still. Changes are afoot for both the country's p&c and reinsurance sectors that demand notice and response.
Enabled by the rapid increase of worldwide digital integration, cyber crime is growing quickly and costing the global economy billions of dollars. The current situation necessitates that efforts to combat cyber crime must include incorporating post-attack and risk transfer strategies.
Ensuring that coverage is available when it is needed most - when there is a claim - requires careful consideration of both Errors and Omissions (E&O) and Commercial General Liability (CGL) policies beforehand. What E&O and CGL policies cover separately and in conjunction with each other can make all the difference.
Attendees of the 40th Annual RIMS Canada Conference heard views on the many risks currently facing Canadian organizations. These range from cyber crime to business interruption, pollution coverage in directors' and officers' liability insurance policies and even the possibility of active shooters.
Receivables insurance could spell the difference between protecting a company's cash flow and threatening its very existence. Still, it is estimated that Canada's market penetration with companies that could buy receivables insurance is less than 10%.
5 min read
1 The Canadian Independent Adjusters’ Association (CIAA) has announced that Albert Poon [1a] has replaced David Porter [1b] as CIAA president. Poon, who had been CIAA’s 1st vice president, is director of operations at Cunningham Lindsey Canada Claims Services Ltd. “We wish to extend our sincere appreciation to David for his many years of dedicated […]
4 min read
Joint and several liability tort systems in Canada have resulted in "deep-pocket" municipalities tending to absorb a bigger hit when named in lawsuits with multiple defendants. Many municipalities say, however, that this inequity can be corrected - and the flow of money staunched - by adopting proportionate liability.
August 31, 2014
16 min read
In most Canadian jurisdictions, people who drive motor vehicles as part of their employment duties have no statutory duty to tell their employers if they require an alcohol ignition interlock device as a condition of driving. However, there are several measures that commercial fleet policyholders can take to manage this risk.
7 min read
The Canadian government promises to impose additional liability on operators of pipelines, offshore oil and gas producers and nuclear power plants. Those writing pollution coverage for pipelines will have to be even more diligent than they already are in assessing risk, one insurer contends.
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