Risk
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
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 […]
3 min read
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 […]
4 min read
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
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.
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 […]
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.
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.
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 […]
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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