Risk
Government anti-terrorism regulations that target purportedly charitable financial transactions — financial dealings that might instead be used in support of terrorist activities — have subjected Canadian charities to stringent regulatory requirements, and could potentially expose charities’ directors to personal liability, an Aon Canada advisory report warns. Potential consequences of anti-terrorism act violations could include loss […]
July 31, 2007
1 min read
Insurance company finance departments are under pressure to adapt to an increasing number of regulatory changes while at the same time they are morphing from the role of “number-cruncher” to one of strategic contributor, according to a recent report by KPMG. In its report, Insurance Insights 2007, KPMG International’s research suggests that 50% of a […]
There is a distinction between primary, excess and/or umbrella policies when “other insurance” policies are called upon to respond in situations when primary coverage has been exhausted, the Ontario Court of Appeal ruled recently. In McKenzie v. Dominion of Canada General Insurance Company, a policyholder, Michael McKenzie, was involved in a serious boating collision in […]
2 min read
Canada could learn some lessons from Hurricane Katrina damage in New Orleans to prepare for this country's next big earthquake
By Vanessa Mariga | July 31, 2007
14 min read
Over the course of her 27-year career, Janice Ochenkowski, the incoming president for the Risk and Insurance Management Society (RIMS), has enthusiastically embraced adaptation as a means to further her professional life and lead an evolving profession.
6 min read
B.C. and Alberta have both introduced proposed changes to their Insurance Acts. The amendments are intended to clarify when fire damage can be excluded from coverage and when it can't be.
By Craig Harris | July 31, 2007
10 min read
Good risk managers will find ways to link their risk management efforts with organizational competitiveness
By Perry Brazeau, Senior Vice President, Manager, Canada Division, FM Global | July 31, 2007
Fresh, innovative D&O and E&O products are required to help protect members of Canada's newly-established investment fund review committees
By Jordan S. Solway, Regional Vice President, Claims and Legal, Arch Insurance Company (Canada Branch) | July 31, 2007
8 min read
A systematic approach to reducing environmental loss should include consideration of the environment in its own right, not merely as an adjunct of health and safety
By Ross Borthwick, Senior Consultant, Premier Environmental Services, Inc. | July 31, 2007
5 min read
Claims for leaks related to residential oil tanks are on the rise, and there are things that brokers, underwriters and claims managers can do to mitigate the damage......
By Harry F. Steinmetz, LLB, Lerners LLP | July 31, 2007
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