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Canada not addressing IT risks for air transportation: Report

By: Gloria Gonzalez

Published February 04, 2016 - 2:14pm CST

The Canadian Air Transport Security Authority has failed to produce action plans to properly and timely assess and mitigate systemwide information technology risks, according to a report by the Office of the Auditor General of Canada.

Costliest 2015 disasters

Published February 02, 2016 - 10:19am CST

When the wind blows and the snow falls, insured losses pile up.

Employers on notice after manager gets jail sentence for fatal safety lapse

By: Gloria Gonzalez

Published January 31, 2016 - 12:01am CST

Metron Construction project manager gets 3 1/2 years after judge finds wanton or reckless disregard for worker safety.

Ontario moves ahead with its own, not federal, pension program

By: Thomson Reuters

Published January 26, 2016 - 2:17pm CST

(Reuters) — Ontario, Canada's most populous province, said on Tuesday it will push ahead with the launch of a new government pension plan rather than counting on an expansion of the country's existing federal plan.

Protecting hospitals from pandemic losses focus of new coverage

By: Joyce Famakinwa

Published January 22, 2016 - 10:22am CST

Axis Healthcare has launched insurance coverage that protects hospitals in the U.S. and Canada from revenue loss due to an outbreak of a contagious disease.

Cat bond issuance down from 2014, but record $24.4 billion in place

By: Matthew Lerner

Published January 21, 2016 - 1:09pm CST

Catastrophe bond issuance for 2015 totaled $6.9 billion, off from the $8.0 billion recorded in 2014, according to a new report from Aon Benfield Securities, the company said in a statement Thursday.

Mining firm fined for safety lapses that contributed to one death

By: Gloria Gonzalez

Published January 20, 2016 - 1:57pm CST

A Canadian mining company was fined CA$365,000 ($251,084) for two separate workplace safety incidents, including one that killed a worker.

Canadian manufacturer fined over workplace electrocution

By: Gloria Gonzalez

Published January 20, 2016 - 9:44am CST

A Canadian employer pleaded guilty and was fined CA$110,000 ($75,669) for a workplace electrocution.

Ironshore expands builders' risk coverage

By: Joyce Famakinwa

Published January 19, 2016 - 12:20pm CST

Ironshore Global Property said Tuesday it will expand its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada.

Ontario employers could see cost hikes from new workers comp law

By: Gloria Gonzalez

Published January 17, 2016 - 12:01am CST

Newly adopted legislation in the Canadian province of Ontario has the potential to significantly raise the costs for employers that participate in its workers compensation program and bars them from strong-arming employees about claims.

Canadian construction project manager gets prison time

By: Gloria Gonzalez

Published January 11, 2016 - 4:41pm CST

A Metron Construction Ltd. project manager has become the first face of the Ontario Federation of Labor's "Kill a Worker, Go to Jail" campaign.

Berkshire Hathaway launches professional liability cover in Canada

By: Joyce Famakinwa

Published January 11, 2016 - 1:03pm CST

Berkshire Hathaway Specialty Insurance Co. said Monday it has launched miscellaneous professional liability insurance coverage in Canada.

Canada remains glorious and free of ransomware

Published January 08, 2016 - 11:47am CST

While the United States and Canada face a number of similar cyber threats, our friendly neighbors to the north don’t have to deal with the ransomware risk.

Committee to run beleaguered Valeant during CEO's medical leave

By: Thomson Reuters

Published December 28, 2015 - 8:54am CST

(Reuters) — Valeant Pharmaceuticals International Inc. said a group of company executives will take over until CEO Michael Pearson returns from medical leave.

Greece's Eurobank sells insurance unit to Fairfax

By: Thomson Reuters

Published December 22, 2015 - 2:26pm CST

(Reuters) — Greece's third-largest lender, Eurobank, agreed to sell an 80% stake in its Eurolife ERB insurance subsidiary to Canada's Fairfax Financial Holdings Ltd. for €316 million ($345 million) on Tuesday, deepening ties between the two firms.

Valeant offers price cuts in distribution deal with Walgreens

By: Thomson Reuters

Published December 15, 2015 - 10:44am CST

(Reuters) — Valeant Pharmaceuticals International Inc., which has been accused of price gouging, said it would sell its skin and eye products at a discount in more than 8,000 Walgreens Boots Alliance Inc.'s pharmacies in the United States.

2015 Women to Watch: Mary Forrest

By: Mark A. Hofmann

Published December 06, 2015 - 12:01am CST

Mary Forrest

Rules tighten for employers in Ontario

By: Gloria Gonzalez

Published November 22, 2015 - 12:01am CST

Employers with Ontario-based workforces face new mandates designed to break down barriers to hiring the disabled and encourage current employees who have not disclosed disabilities to seek accommodation without fear of reprisals.

Foreign business lobbies ask China to revise cyber insurance draft rules

By: Thomson Reuters

Published November 05, 2015 - 11:42am CST

(Reuters) — Foreign business lobbies have asked China to substantially revise proposed cyber security regulations for the insurance industry.

Arthur J. Gallagher's international division acquires British Columbia broker

By: Sarah Veysey

Published November 03, 2015 - 9:59am CST

Arthur J. Gallagher, the international brokerage division of Arthur J. Gallagher & Co. outside of the United States, has acquired Victoria and Vancouver, British Columbia-based retail insurance brokerage Christie-Phoenix (Victoria) Ltd. and its affiliate, Discovery Insurance Services Ltd., the brokerage announced Tuesday.

AIG profit hit by weak underwriting, lower investment income

By: Thomson Reuters

Published November 02, 2015 - 3:53pm CST

(Reuters) — American International Group Inc.’s quarterly operating profit plunged as income at all but one of its underwriting businesses declined and tumultuous markets hurt its investments.

Ontario's Global Ergonomics Month sparks safety enforcement blitz

By: Gloria Gonzalez

Published October 22, 2015 - 9:57am CST

For the first time, the Ministry of Labor for the Canadian province of Ontario and its health and safety partners are taking part in Global Ergonomics Month.

Adequacy of U.S. retirement system drops in ranking

By: Matt Dunning

Published October 19, 2015 - 12:06pm CST

The United States continued to slip in this year's Melbourne Mercer Global Pension Index, falling to 14th place among 25 retirement income systems ranked annually by Mercer L.L.C.

Operating in a new climate

By: Gloria Gonzalez

Published October 11, 2015 - 12:01am CST

QUEBEC CITY — Risk managers need to be on the front lines of preparing their organizations to deal with climate change, including keeping up on emerging environmental risks and case law.

U.S. judge approves settlement for Lac-Megantic oil train disaster victims

By: Thomson Reuters

Published October 09, 2015 - 4:05pm CST

(Reuters) — A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster.

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