Risk
Lightning strikes somewhere in Canada more than two million times each and every year. While the frequency of homeowner claims for lightning-related damage is low, occasionally, these bolts from the blue cause large losses as a result of fire and electrical surge.
By Greg Meckbach, Associate Editor|Greg Meckbach, Associate Editor | December 31, 2014
6 min read
An outbreak of a disease - such as Ebola, SARS, tuberculosis or measles - can put companies at risk of business interruption and lawsuits. Although property and business interruption policies generally have not covered such outbreaks, the Ebola epidemic in Africa has spurred some insurers to move forward with new coverage and others to retreat with specific related exclusions.
By Greg Meckbach, Associate Editor | November 30, 2014
5 min read
Surveyed consumers in the United States and the United Kingdom are already collecting more data about themselves - and many are willing to share in exchange for a benefit. Beyond discounts, though, are consumers ready for a different kind of engagement and to collect new data for data-driven models?
By Craig Beattie, Senior Analyst, Insurance Practice, Celent | November 30, 2014
The forecast for the coming winter may not be as harsh as the reality of 2013, but that does not mean businesses should sit back and expect things to be fine this year. Precautions need to be taken and plans must be in place to ensure conditions do not get the best of business properties.
By Bill Boyd, Senior Vice President of Risk Control; and Severio Pacini, Vice President of Risk Control, CNA Canada | November 30, 2014
Anne Chalmers – recipient of the Donald M. Stuart Award – sees risk management as a journey, one that continuously evolves and transforms. Journeys – whether personal or professional – can take many different paths and begin in many different places. Anne Chalmers’s risk management journey began on a bus. Chalmers, recipient of the Donald […]
By Angela Stelmakowich, Editor | November 30, 2014
Several Canadian communities have started incorporating land use planning tools, such as development permits, into their wildland fire management strategies. The idea is that these permits, which can be used to combine management of zoning and site planning, can help reduce potential future losses associated with wildfires.
By Paul Kovacs, Executive Director; and Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction | October 31, 2014
Civil unrest in various regions has raised awareness in Canadian C-suites about the need for robust credit and political risk insurance protection. It is vital that Canadian corporations with an international footprint fully understand the full spectrum of risk associated with pursuing opportunities in these regions.
By Marvin Azzopardi, Senior Underwriter, Trade, Credit & Political Risk, Zurich North America | October 31, 2014
A number of markets have recently commenced underwriting onshore energy in the Canadian property market. While the energy business in Canada has historically been quite profitable, current conditions make risk selection and placement position critically important.
By Dan Fitzpatrick, Vice President; and Gord Kerr, Senior Vice President & Canadian Branch Manager, Allied World North America | October 31, 2014
Bitcoin is not a recognized currency and is not backed by any principal authority. Still, thousands of firms use the payment system launched in 2009, opening the door to discussions about how clients using bitcoin should best provide security for the storage and transfer of funds.
By Greg Meckbach, Associate Editor | October 31, 2014
Dealing with the challenges of today, but always keeping an eye to future developments, is critically important to ensure that independent brokers not only maintain, but hopefully improve, their positions as trusted advisors.
By Angela Stelmakowich, Editor and Greg Meckbach, Associate Editor | October 31, 2014
7 min read
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