Risk
Any organization could be the target of an active shooter trying to harm people in a confined area. Canadian firms have a legal duty of care to ensure persons are safe from dangerous activities taking place on their premises, so managers need to take very specific measures to identify, analyze and mitigate the risk.
By Lance J. Ewing, Leader, Hospitality and Leisure, Real Estate, American International Group|Lance J. Ewing, Leader, Hospitality and Leisure, Real Estate, American International Group | July 31, 2015
5 min read
As mining and metals firms connect more operational systems to computer networks, their vulnerability to hacking tends to increase. Yet most metals and mining firms surveyed have no formal program to detect information security breaches.
By Bruce Sprague, Mining & Metals Leader; and Abhay Raman, Cyber Risk Leader, EY Canada |Bruce Sprague, Mining & Metals Leader; and Abhay Raman, Cyber Risk Leader, EY Canada | July 31, 2015
Fronting is one option for risk managers wanting to reduce insurance expenditures by retaining more risk, while still complying with contractual and regulatory requirements. Such an arrangement has specific requirements and a clear understanding of who will manage claims.
By Jason Keyfitz, Vice President, Captive Solutions, Marsh Canada|Jason Keyfitz, Vice President, Captive Solutions, Marsh Canada | July 31, 2015
6 min read
Condominium policies vary across Canada, both by jurisdiction and individual condo corporation. When a homeowners' insurance broker is serving a condo unit owner, the broker needs to understand exactly what coverage that particular condo owner needs, what risk exposures that particular client has and for what the client's condo corporation is responsible.
By Ed Berko, Chief Risk Officer, Economical Insurance|Ed Berko, Chief Risk Officer, Economical Insurance | July 31, 2015
7 min read
Liability risk arising from information security violations is on the radar screen of many commercial insurance providers. Despite the widespread use of the term “cyber,” some of the critical risk mitigation tactics have little – if anything – to do with computer technology. In a recent report, ABI Research predicts the global market for cyber […]
By Greg Meckbach, Associate Editor | July 31, 2015
3 min read
1 Paul Taylor [1a] assumed duties as president and chief executive officer of Western Financial Group July 6. Taylor will oversee Western Financial’s network of insurance brokerages, as well as lead all company business units, including Western Financial Group Insurance Solutions, Western Financial Insurance Company (Petsecure) and Western Life Assurance Company. Most recently president of […]
July 31, 2015
With advances in casualty catastrophe modelling and greater use of enterprise risk management, liability insurers are poised for a transformation in risk management, reinsurance focus and strategy. The shifting focus to real exposures of liability business is closing the divide that, until recently, has existed between the framework that supports property versus casualty exposures.
By Geoff Lubert, Managing Director, Willis Re Canada; and Andrew Newman Global Head of Casualty, Willis Re |Geoff Lubert, Managing Director, Willis Re Canada; and Andrew Newman Global Head of Casualty, Willis Re | July 2, 2015
Having identified British Columbia as a province with strong growth and profit potential, SGI CANADA is set to enter the marketplace this summer. While the focus in the short term will be to provide brokers in the interior with an additional market and capacity, the company will eventually offer products in higher earthquake regions.
By Andrew Cartmell, President and Chief Executive Officer, SGI CANADA|Andrew Cartmell, President and Chief Executive Officer, SGI CANADA | July 2, 2015
4 min read
Data and analytics may offer the clues to help solve the mysteries of weather-related risk. In response to the explosion of third-party providers of data and analytics, many commercial insurers are reassessing their traditional methods for capturing information about potential risks.
By Roch Lacroix, Director, Canadian Operations, Verisk Insurance Solutions|Roch Lacroix, Director, Canadian Operations, Verisk Insurance Solutions | July 2, 2015
Public-private partnership (P3) agreements are emerging as the design, build, fund and operate model of choice in Canada. But while the model offers an opportunity to share risks and realize rewards, it demands careful consideration of potential exposures, including environmental risk, which are best addressed by tailored cover.
By Carl Spensieri, Vice President, Environment, Berkley Canada|Carl Spensieri, Vice President, Environment, Berkley Canada | July 2, 2015
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