Risk

Decorative pattern

Cooling Meltdown

Hotter, intermittent summer temperatures, mixed with equipment complexity and inadequate maintenance, make cooling systems the number one source of equipment breakdown claims.

July 31, 2014

6 min read

Cyber Evolution

Despite some discussion of a disconnect between how much of a threat cyber risk is (as portrayed in the media) and how high it is ranked by organizations (measured by actions taken), talk of cyber risk/security/attacks abounds. The issue received yet another unwelcome reboot here at home with allegations in July that Chinese hackers had […]

July 31, 2014

3 min read

Moves and Views

1 CNA Financial Corporation announced in August that John Hennessy [1a] will take on duties as president and chief operating officer (COO) of CNA Canada, effective September 15. Hennessy replaces Gary Owcar, who has led CNA Canada since 2009 and is retiring. Hennessy, most recently chief executive of CNA Europe, has previously held roles at […]

July 31, 2014

4 min read

Decorative pattern

Priced to Sell

In times of change, it is best to be ready to respond to whatever form that change may take. For reinsurers, ever-present developments and ever-increasing competition could mean rethinking the approaches they take in the wake of stubborn downward pressure on pricing.

June 30, 2014

12 min read

Evolution of Terror

Many new developments on the global terrorism stage have come to light in 2014. Understanding insurgent capabilities is a core driver of risk management when discussing both the evolving terrorism risk and (re)insurance market, and the protection of sovereign interests.

June 30, 2014

6 min read

Oil and Fodder

The one-year anniversary of the deadly derailment in Lac-Mégantic, Quebec is upon us, bringing with it new and planned federal requirements meant to inject greater safety into Canada’s rail system and perhaps afford some healing to those living with the aftermath of a tragedy. Federal transport minister Lisa Raitt said in late June that new […]

June 30, 2014

3 min read

Plotting Strategy

With climate change making weather patterns less predictable and severe weather becoming more frequent, access to real-time flood information offers property and casualty insurers a way to conduct thorough risk analyses and determine long-term strategies.

June 30, 2014

4 min read

Opportunity for Fraud

Addressing employee fraud is like navigating a legal minefield. Although the motivation for employee fraud, theft and dishonesty is much the same as it has always been, the medium through which these acts are committed is drastically different today, with technology affording greater opportunity for perpetrators.

June 30, 2014

6 min read

Moves and Views

1 Peace Hills Insurance recently announced the retirement of president and chief executive officer Diane Brickner [1a], who joined the company more than 30 years ago. Among others, Brickner is a member of the boards of the Property and Casualty Insurance Compensation Corporation and the Insurance Bureau of Canada. As of January 1, 2015, Gene […]

June 30, 2014

4 min read

Decorative pattern

Cyber 2.0

Cyber insurance coverage is entering the next phase in its evolution from optional add-on product to increasingly important component of a thorough risk management program. As high-profile data security breaches grab top headlines, more organizations are having the "cyber talk" with their brokers and insurance partners. The pace of product adoption, however, is slow grind rather than big bang.

May 31, 2014

15 min read

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