Industry
On Side Restoration Services Ltd. of Vancouver, B.C. has acquired Stay Kleen Services and Contracting Ltd. of Markham, Ontario. The acquisition represents On Side’s first entry into the Ontario restoration market. The company will operate as Stay Kleen, a division of On Side Restoration, keeping the current management structure and employee group.
By Canadian Underwriter | September 29, 2010
1 min read
Municipal and provincial governments are increasingly using public-private partnerships (P3s) as risk transfer mechanisms to build infrastructure, delegates of the RIMS Canada Conference in Edmonton heard.Chris Baisley of Deloitte Touche in Calgary, Alberta explained that P3 projects are much more predictable and not as volatile as traditional projects. They allow the government to retain much […]
By Canadian Underwriter | September 28, 2010
2 min read
Neither texting bans nor bans on hand-held phone use while driving have actually reduced crash risk, according to a report published online by the U.S. Highway Loss Data Institute (HLDI), a division of the Insurance Institute for Highway Safety.Non-compliance is a likely reason why the bans aren’t reducing crashes, the study suggests. The study looked […]
Record high gold bullion prices mean firms involved in metal trading, storage and transit are at risk of being under-insured against physical damage or loss, Marsh Canada Ltd. says.In response, Marsh has developed a new metals insurance product that will provide up to $1 billion of cover.The new product provides protection for precious and base […]
Claims
The Alberta oil sands operations have an environmental footprint, but the alternative of getting oil from other countries carries greater environmental and political risks, David Percy, the chair in energy law practice at the University of Alberta’s Law School, told delegates of the 2010 RIMS Canada Conference in Edmonton.During his seminar, ‘Thinking About the Oil […]
Round 2 of the Aviva Community Fund competition is officially up for grabs, with $1 million going to a project designed to improve a local Canadian community.Starting today, Canadians can submit ideas on AvivaCommunityFund.org that will have a positive effect on their local community. To start the process, entrants simply write a brief overview of […]
There is no such thing as 100% security, only degrees of insecurity, Salman Rushdie, a controversial and famed author, told delegates attending the 2010 RIMS Canada Conference in Edmonton. “Once a person accepts that fact, they are free,” he said.Rushdie’s novels have earned him top literary prizes around the world, but drew the ire of […]
By Canadian Underwriter | September 27, 2010
Ontario’s broker regulator says it has received a significant increase in the number of phone calls from brokers who have been recent victims of cheque fraud. “Similar to the instances that occurred in the past, the broker’s accounts payable cheque from their trust account was intercepted by unknown parties and subsequently cashed by other than […]
People who recently passed their exams to obtain their broker licences may have been too quick off the mark to start practising as brokers, Ontario’s broker regulator says.”It has come to our attention that individuals who have recently passed their exams began dealing with the public and acting as a broker before being officially licensed,” […]
The Risk and Insurance Management Society, Ontario Chapter (ORIMS) has presented the Donald M. Stuart Award to Tina Gardiner, manager of insurance and risk at the Regional Municipality of York.Presented annually since 1979, the Donald M. Stuart Award acknowledges Canadians who have made outstanding contributions in the field of risk management.Gardiner received the award during […]
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