Risk
As the terrorism threat shifts from large-scale attacks to softer targets, coverage options from insurance carriers are evolving as well. Some policies cover incidents when an attacker uses a gun, knife or acid for example, Tarique Nageer, Marsh LLC’s terrorism placement advisory leader, said Wednesday in an interview. Different carriers use different labels – deadly […]
By Greg Meckbach | June 3, 2019
2 min read
We’ve seen forensic engineering firms apply remediation methods to commercial and residential properties that were affected by flood damage. But now, as flooding has become more severe, they are in the vanguard of building comprehensive and tailored flood prevention and mitigation strategies for Canadians. We’ve all seen images of Canadians using sandbags at the last […]
By David Gambrill | May 30, 2019
4 min read
If you ain’t first, you’re last. That’s the mantra Ricky Bobby lives by in the movie Talladega Nights as a race car driver. But when it comes to innovation, if you ain’t first, you’re probably better off. It can be beneficial to sit back, have someone else be innovative, let them work out the kinks […]
By Adam Malik | May 29, 2019
3 min read
Expect to write less auto coverage with the rise of autonomous vehicles in 10 years’ time, and more coverage related to climate change, property lines, and emerging risks. Thanks to the progress expected of autonomous vehicles, auto insurance will plateau, Rowan Saunders, Economical Insurance president and CEO, predicted during a panel discussion at InsurTech North […]
By Adam Malik | May 27, 2019
How can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document Act (“PIPEDA”). Here are 3 tips on how small businesses can stay compliant under PIPEDA: […]
By Ad Ops | May 27, 2019
Are you one of those brokers who’s thinking of changing jobs so that you’re buying commercial insurance instead of selling it? “There is a shortage of supply [of risk managers], so if anybody is looking for a fast way to move up the organization today, it’s probably risk management,” Sonia Baxendale, president and CEO of […]
By Greg Meckbach | May 16, 2019
Technology is making it easier for consumers and businesses to move money, but it can also create new liability risks, fraud experts warned Tuesday. “Financial institutions really have to think about their position on liability,” said Jas Anand, senior manager for risk advisory at Deloitte Canada, alluding to a common scam that could cause your […]
By Greg Meckbach | May 15, 2019
Limiting financial risk to firms that lease out vehicles used for ride sharing is one aim of legislation before Ontario law makers. Right now, the Insurance Act has limits on lessors’ vicarious liability but it “does not account for the use of ridesharing services such as Uber and Lyft,” a finance department spokesperson told Canadian […]
By Greg Meckbach | May 13, 2019
The ability to properly test marijuana impairment with roadside devices remains front and centre seven months after legalization, with at least one possible legal fight brewing. “I think our big issue in Canada, whether it’s a roadside test or from an employment perspective, is we don’t have the tools to test properly,” said Heather Matthews, […]
By Jason Contant | May 7, 2019
Brokers advising their clients on cyber security should inform them that re-using passwords – or using passwords in the first place – is not the best practice. “Passwords still have their use, but not as a way to uniquely verify a person,” Don Duncan, security engineer at NuData Security, told Canadian Underwriter Wednesday. “They are […]
By Jason Contant | May 1, 2019
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