A new age of supply chain disruption
Along with claiming a reported 49 lives (at time of posting), injuring thousands and causing between $1.7- and $2.9 billion in insured damage (according to AIR), the April 14 (UTC) 6.4Mw and April 15...
View ArticleInsurance Education that Matters
Your professional development has never been more cutting-edge. Consider the fascinating research of Qui Trieu, manager of personal insurance at Perth Insurance, a wholly owned subsidiary of Economical...
View ArticleHow Insurance (and Insureds) Can Weather the Storms
“Conversation about the weather is the last refuge of the unimaginative.” – Oscar Wilde Clearly, Mr. Wilde – expert as he was at crafting witticisms – never spent any time in an insurance office. Our...
View ArticleIndustry impacts of the Fort McMurray wildfire
Unlike the 2013 flood in southern Alberta, the Fort McMurray wildfire is a heavily insured event. Considering that property insurance got its roots in fire (indeed it used to be widely known as ‘fire...
View ArticleA thousand cuts
One of the problems with large natural disasters like Fort McMurray is that much smaller ones can pile up with little notice and no fanfare. This seems to be what’s happening in Canada this year. As...
View ArticleEarthquake: The risk that could take the industry down
When the CEO of the largest insurance company in the country warns of a risk that could take down the industry, it’s time to take notice. In an article published in the Globe and Mail’s Report on...
View ArticleWhen is a flood a “flood”?
When is a flood a flood? In Parker Pad & Printing Ltd. v. Gore Mutual Insurance Company, the plaintiff’s premises in Haliburton, Ontario were flooded during a severe rainfall. The rainfall resulted...
View ArticleA few realizations about natural disasters
If we expect to make any progress on the natural disaster risk reduction front, we are going to have to come to a few understandings. Here are just a few of the things we will have to make peace with:...
View ArticleHow to Support a Risk-Based BCDR Program without Spending More
Emergency situations like natural disasters, data breaches, fraud, and the like arise, by definition, without warning, leaving you little to no time to prepare. So how do you build a BCDR plan that is...
View ArticleContinued help by insurers in Fort McMurray Alberta
Insurance Bureau of Canada attempted to respond to a recent piece on the Fort McMurray Alberta rebuild following the fire in 2016. The magazine has not printed the response. The following is IBC’s...
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