Risk
With the growth in oil traffic activity, environmental risks at ports and terminals are also on the rise. That said, a solid understanding of current conditions and potential risks can help with identifying what insurance solutions will help address and minimize any related loss.
By Thomas Ptacek, Senior Vice President, Marsh USA Inc.; and George Boire, Environmental Practice Leader, Marsh Canada Limited|Thomas Ptacek, Senior Vice President, Marsh USA Inc.; and George Boire, Environmental Practice Leader, Marsh Canada Limited | February 28, 2015
6 min read
The 2015 Allianz Risk Barometer makes clear that concerns over cyber risk are on the rise, both in Canada and around the world. In the wake of that accelerating ascent, what might be the value in taking a "think-tank" approach to addressing cyber risk exposures?
By Thomas Varney, Regional Manager, North America, Allianz Risk Consulting, Allianz Global Corporate & Specialty North America |Thomas Varney, Regional Manager, North America, Allianz Risk Consulting, Allianz Global Corporate & Specialty North America | February 28, 2015
Business gifts. Are they always sincere and simple demonstrations of appreciation? Or do these gifts sometimes come with strings attached? How can rules-based, people-based and situation-based guidance help insurance professionals determine an ethical course of action?
By The CIP Society and the Insurance Institute of Canada|The CIP Society and the Insurance Institute of Canada | February 28, 2015
7 min read
J.D. Power's recent study of risk professionals and risk management team members in the United States and Canada shows that insurers and brokers need to work together to meet commercial customer needs. Care must be taken with regard to limiting customer-reported issues, understanding the customer's business and communicating effectively.
By Timothy Bebout, Director of Commercial Insurance Practice, J.D. Power|Timothy Bebout, Director of Commercial Insurance Practice, J.D. Power | February 28, 2015
5 min read
Brokers are moving the needle on telematics for commercial auto insurance. New data solutions could allow fleet owners of all sizes to keep closer tabs on their vehicles for pricing discounts - and improved safety.
By Craig Harris, Freelance Writer|Craig Harris, Freelance Writer | February 28, 2015
When it comes to winter storm damage, does the industry have enough information (over a long enough period of time) to accurately quantify the risk? Claims experience, catastrophe models, responsible risk management and solid underwriting practices are all needed to develop a full picture of the risk.
By Eric Robinson, Senior Scientist, AIR Worldwide|Eric Robinson, Senior Scientist, AIR Worldwide | February 28, 2015
What sort of approach will allow health care organizations to manage organizational risk? A newly developed model seeks to accomplish that objective through the adoption of a standardized, efficient and effective approach to integrated risk management.
By Polly Stevens, Vice President, Healthcare Risk Management; and Lois Hales, Senior Healthcare Risk Management Specialist, Healthcare Insurance Reciprocal of Canada|Polly Stevens, Vice President, Healthcare Risk Management; and Lois Hales, Senior Healthcare Risk Management Specialist, Healthcare Insurance Reciprocal of Canada | February 28, 2015
Michel Pontbriand and Julie Chapdelaine, co-chairs of the upcoming RIMS Canada conference, suggest that risk managers adopt a wide view of risk to capture all the possibilities.
By Greg Meckbach, Associate Editor|Greg Meckbach, Associate Editor | February 28, 2015
4 min read
1 Swiss Re Canada welcomed its new president and chief executive officer, Veronica Scotti [1a], effective April 1. Scotti most recently served as Swiss Re’s client executive, based in Armonk, New York, and will now work out of Toronto, the reinsurer reports. She fills the vacancy left by Sharon Ludlow [1b], who was named as president […]
February 28, 2015
CANADIAN MARKET Intact acquires Canadian Direct Insurance for $197 million Intact Financial Corporation (IFC) is expanding its direct operations in Western Canada with the recently announced acquisition of Canadian Direct Insurance Inc. (CDI). IFC reports that it has entered into a definitive agreement with Canadian Western Bank to acquire CDI, which wrote approximately $140 million […]
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