Claims
The Durham Regional Police Service (DRPS) in southern Ontario said on Tuesday it will be running a distracted driving enforcement campaign for the next three days to coincide with changes in provincial legislation that come into effect today. Bill 31, the Transportation Statute Law Amendment Act (Making Ontario’s Roads Safer), amends the Highway Traffic Act […]
By Canadian Underwriter | September 1, 2015
3 min read
VANCOUVER – If the liquefied natural gas industry proceeds as the British Columbia government hopes, there could be five times as many fracking-caused earthquakes, warns one expert. But the company that would provide gas to a major LNG terminal – the same company found responsible for a 4.4 magnitude tremor last year – claims it […]
A persistent hurdle to getting businesses in Canada to buy cyber insurance and truly understand the protection that coverage can provide revolves around denial, particularly for smaller firms, Andrew Bourne, a partner and forensic accountant with BDO Canada, suggested during a panel discussion in Toronto Monday. “When you go to a manufacturing client or you […]
5 min read
Hurricane Katrina, the single event that has come to represent incredible loss inflicted by two challenging hurricane seasons, has twisted and turned its way into a somewhat surprising legacy. From risk management to preparedness and catastrophe modelling, the eye of the storm has been refocused on a number of lasting positives.
By Angela Stelmakowich, Editor | August 31, 2015
16 min read
Food contamination incidents are not uncommon and related liability costs are on the rise. These costs can be hefty - at best, damaging to the company brand; at worst, fatal to the business. It is essential that companies be prepared and ready to respond should a contamination event occur.
By Christof Bentele, Head of Global Crisis Management, Allianz Global Corporate & Specialty | August 31, 2015
Two recent judgements in Canada indicate Canadian courts are taking a conservative approach on punitive damages in bad faith claims lawsuits against insurance companies
By Bruno De Vita, Partner; and Hollis Bromley, Partner, Alexander Holburn Beaudin + Lang LLP | August 31, 2015
7 min read
An objective review offers critical value to an organization's own risk self-assessment process. Not only does an objective review help ensure all necessary considerations are being taken into account, it assesses if the selected ORSA approach accurately reflects the size, complexity and strategy of the organization.
By Elaine Hultzer, Partner; and Sati MacLean, Senior Property and Casualty Actuarial Manager, Assurance & Advisory Practice, Deloitte | August 31, 2015
Sharing economy services like Airbnb and, more top of mind, UberX, are proving disruptive on a number of levels and for a number of stakeholders. One such level is insurance, where views differ wildly. The position taken by Uber that it is a technology company, not a taxi service, is one such point of contention. […]
Three out of four small business owners in the United States do not have a disaster recovery plan, and more than half (52%) say it would take at least three months to recover from a disaster, according to a new survey by Nationwide, a diversified insurance and financial services organization. The 2015 Small Business Owner […]
By Canadian Underwriter | August 31, 2015
2 min read
Ten years after Hurricane Katrina – the most costly natural disaster ever faced by the insurance industry and one of the most powerful storms to strike the United States Gulf Coast – the risk of catastrophic storm surge remains, according to a new report from catastrophe modelling firm AIR Worldwide. The Katrina 2015 report models […]
4 min read
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