Risk
For the second year in a row, risks from cyberattacks is the top concern that executives in Canada have identified as the most dangerous for their business, according to a report published Monday by the World Economic Forum (WEF). In the number three spot is extreme weather events, up from fifth place last year. The […]
By Jason Contant | November 12, 2018
2 min read
TORONTO – Canada Post publicly admitted to a privacy breach involving thousands of Ontario’s online cannabis customers on Wednesday after the province’s only outlet for legal recreational marijuana notified clients of the problem. The postal service said in a statement that someone had used its delivery tracking tool to gain access to personal information of […]
By Jason Contant | November 7, 2018
3 min read
Regulators are watching captives carefully. How to avoid getting caught in the grasp of a tax audit
By Ryan Gustafson, Head of Multinational, AIG Canada | November 7, 2018
If you have clients living in Brampton or near the intersection of Jane St. and Finch Ave., they will probably continue paying more for auto insurance than if they lived elsewhere in the Greater Toronto Area. A bill proposing to make the GTA one single territory – for the purpose of determining motorists’ insurance premiums […]
By Greg Meckbach | November 5, 2018
CALGARY – The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter of the presented number, it said in a statement Thursday. “The numbers are staggering – […]
By Jason Contant | November 5, 2018
Pollution claims can be spectacularly damaging when they happen, and they are often excluded from CGL commercial insurance policies. So why aren’t more contractors buying environmental insurance, and how can brokers reverse the trend?
By Brooke Smith | November 3, 2018
6 min read
Putting speed bumps on private laneways might help commercial clients manage traffic risk, but they need to paint those bumps properly to reduce liability risk. Madison Properties Inc. owns a shopping plaza in Toronto. Maria Pia Cannito tripped and fell on the plaza property during the summer of 2012 after visiting her bank, Judge Paul […]
By Greg Meckbach | November 2, 2018
Commercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as golf carts and self-propelled farming vehicles – are exempt. So vehicle owners who get sued […]
By Greg Meckbach | November 1, 2018
If cannabis legalization results in more stoned drivers, auto insurance rates could rise, a comparison shopping provider suggests. Some Criminal Code offences for marijuana possession were taken off the books effective Oct. 17. This means it is no longer a criminal offence to possess fewer than 30 grams of marijuana for non-medicinal use. “If legalization […]
By Greg Meckbach | October 30, 2018
The major problems of the Ontario auto insurance product won’t be solved by changing the territorial rating system, a major insurer warns. Two private member’s bills recently tabled at Queen’s Park “have the potential to challenge the sustainability of the product and create subsidization of urban areas by rural areas,” Co-operators General Insurance Company said […]
By Greg Meckbach | October 29, 2018
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
