Claims
Imagine when same-day insurance claims payments are a reality, without the need to overhaul any existing infrastructure. That could become a reality sooner than you think. ISO 20022, an international payments messaging standard that supports electronic payments, is already in effect in Europe and is expected to migrate to Canada. “[ISO 20022] is becoming the […]
By Jason Contant | February 16, 2018
3 min read
A recent collision between a passenger plane and a drone has prompted Canada’s airplane accident investigation agency to warn of the risk of flying drones near airports. “The use of drones near an aerodrome or within controlled airspace poses a serious risk to aviation safety,” the Transportation Safety Board of Canada warned Wednesday in a […]
By Greg Meckbach | February 16, 2018
2 min read
VANCOUVER – British Columbia’s auditor general says the provincial government is working to adapt to the risks posed by climate change but it has no clear plan for wildfires and flooding. Carol Bellringer says there is little monitoring of progress and reporting on performance involving the ministries of Environment, Agriculture, Transportation, Forestry, Housing and Emergency […]
By Jason Contant | February 15, 2018
1 min read
In a low-probability, worst case scenario, a single major hailstorm in Canada could result in insurance claims of up to $13.5 billion, according to a new research paper from the Institute for Catastrophic Loss Reduction (ICLR). “Of concern is that hail may become a greater issue in the future due to climate change, potentially increasing […]
By David Gambrill | February 14, 2018
A new dispute resolution system for auto insurance in British Columbia will probably focus both on first-party accident benefit disputes and resolving claims from minor injuries, but the details have yet to be worked out, a spokesperson for the province’s Ministry of the Attorney General said. B.C.’s civil resolution tribunal (CRT), which currently handles condo […]
By Greg Meckbach | February 14, 2018
Managing liability risk includes making workplaces free from harassment for not only employees, but also for non-employees, advises Darius Delon, an independent risk consultant based in Calgary. Lawsuits arising from harassment are one major emerging area of risk, said Delon, president of Risk Management 101. Such suits often include allegations that an organization was negligent […]
NEW YORK – It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when employees start dating. Many owners have consulted with employment attorneys or human resources professionals since the accusations against movie executive Harvey Weinstein in […]
By Jason Contant | February 14, 2018
4 min read
Risk managers who retain insurance policies for only seven or 10 years need to rethink this practice, an independent risk consultant warns. Having a copy of a 15- or 20-year-old liability insurance policy is “like owning a bank note in your safety deposit box,” advises Darius Delon, president of Calgary-based Risk Management 101. “You never […]
By Greg Meckbach | February 13, 2018
Allstate Insurance Company of Canada was not entitled to change the terms of employment of one of its sales agents during a 24-month “working notice” period, the Court of Appeal for Ontario has ruled, reversing a lower court decision that found in favour of the company. “In the 1997 movie Wag the Dog, the spin […]
By David Gambrill | February 12, 2018
Canadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.
By Eduard Goodman, Global Privacy Officer, CyberScout | February 12, 2018
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
