Risk
OTTAWA – A federal review says the government had trouble spending half of the $184 million earmarked to prevent flood damage in Canadian communities. A newly released evaluation report says the National Disaster Mitigation Program’s effectiveness was hindered by scheduling challenges that led to delays, the lack of an agreement with Quebec and administrative hurdles […]
By The Canadian Press | January 30, 2020
1 min read
The difficulties some condominium corporations are having in finding insurance has reached a “crisis” Canada-wide, a lawyer told a committee of Ontario legislators looking at proposed changes to the province’s condominium law. “We’re facing a condominium insurance crisis across the country,” said Nancy Houle, president of the eastern Ontario chapter of the Canadian Condominium Institute, […]
By Greg Meckbach | January 29, 2020
3 min read
With the legalization of recreational cannabis, what happens when there is a dispute between neighbours in a condominium and how does a condo corporation or board handle it? A lot of condominium corporations have passed rules around odours, says Armand Conant, a member of the Canadian Condominium Institute (Toronto)’s board of directors and a lawyer […]
By Greg Meckbach | January 28, 2020
REGINA – Saskatchewan’s Crown insurer says fewer people were killed on the province’s roads in 2019 than in any year since records started being kept in the 1950s. Saskatchewan Government Insurance says preliminary statistics indicate 71 people were killed in collisions – down from 129 in 2018. The insurer says the 71 deaths compare with […]
By The Canadian Press | January 27, 2020
From leaving passwords written on sticky notes laying around to using simple passwords to not using proper technology to secure client data, employees and companies still have much to learn about data security, according to a recent report. And with new research showing that cyber incidents are the top global risk for businesses, the blunders […]
By Adam Malik | January 16, 2020
2 min read
Exclusions in commercial insurance for losses arising from violence might be broader than some of your clients think. “The war risk exclusion does not just apply where war has been officially declared between two or more countries,” said Lalita Mohabir, national product leader of managing general agent Burns & Wilcox Canada’s special risks division, in a […]
By Greg Meckbach | January 15, 2020
With condo insurance premiums on the rise – in some jurisdictions, premiums have reportedly increased by 780% — and coverage scarce, legal counsel and Canadian Underwriter readers have a few ideas for the Insurance Bureau of Canada’s forthcoming risk manager for condo corporations. As reported, IBC’s newly created risk manager role will help condo corporations […]
By David Gambrill | January 15, 2020
OTTAWA – Southwestern Quebec got a slight shaking from a minor earthquake early this morning. Earthquake Canada says the 3.4 magnitude tremor was detected at 5:38 a.m. in the Salaberry-de-Valleyfield region and could be felt in the Montreal area – though there were no reports of damage, and none were expected. The agency, which initially […]
By The Canadian Press | January 13, 2020
Thanks to emerging industries and threats, captives have once again taken centre stage as a popular form of alternative risk transfer
By Adam Malik, Managing Editor | January 3, 2020
4 min read
Laura Langone, head of insurance operations at online rental marketplace Airbnb since April 2019, is now president of the Risk and Insurance Management Society (RIMS). The organization announced Thursday her 12-month appointment, effective immediately. She succeeds Gloria Brosius. Daring to be different is key for risk professionals, the San Francisco-based Langone said in a statement […]
By Adam Malik | January 2, 2020
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