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Crackdown planned on repeat workplace safety violators

By: Gloria Gonzalez

Published April 27, 2016 - 2:30pm CST

The Canadian province of Nova Scotia plans to amend its Occupational Health and Safety Act to crack down on employers who repeatedly violate workplace safety laws.

Acquisition expands insurer's presence in Lloyd's syndicates

By: Sarah Veysey

Published April 19, 2016 - 10:46am CST

New York-based AmTrust Financial Services Inc. said Tuesday that it will acquire specialty insurer ANV Holdings B.V. from the Ontario Teachers’ Pension Plan for $218.7 million in cash.

Ontario law presumes PTSD compensable for first responders

By: Gloria Gonzalez

Published April 07, 2016 - 8:41am CST

Ontario has adopted legislation that would help first responders with post-traumatic stress disorder to access workers comp benefits.

Sexual harassment protection mandate tightens employer obligation in Ontario

By: Gloria Gonzalez

Published April 07, 2016 - 7:59am CST

Employers with Ontario-based employees will have new and potentially costly obligations to protect employees from harassment.

U.S., Canada issue joint alert on 'ransomware' after hospital attacks

By: Thomson Reuters

Published April 01, 2016 - 10:51am CST

(Reuters) — The United States and Canada on Thursday issued a rare joint cyber alert, warning against a recent surge in extortion attacks that infect computers with viruses known as "ransomware," which encrypt data and demand payments for it to be unlocked.

Canadian pension plans' financial health declines in first quarter

By: Thomson Reuters

Published April 01, 2016 - 9:23am CST

(Reuters) — The financial health of Canadian pension funds declined in the first quarter of 2016, affected by volatile currency markets, weakness in equity markets and lower bond yields, Aon-Hewitt said Thursday.

Golf courses' popular beverage carts under drone attack?

Published March 31, 2016 - 9:45am CST

Risk managers the world over are coming to grips with the risks — and opportunities — posed by drone technology.

Everest Re names new executives, including Zurich alum Michael Kerner

By: Mark A. Hofmann

Published March 31, 2016 - 9:24am CST

Michael G. Kerner has been named to the new position of executive vice president and head of strategy and risk management at Everest Re Group Ltd., the reinsurer said.

Next door but worlds apart on health care

By: Jerry Geisel

Published March 27, 2016 - 12:01am CST

Despite waits for routine exams and procedures, Canadians by and large wouldn't give up their universal coverage. But please don't call it socialized medicine.

Insurers must pay $58 million in eight-month power plant unit shutdown

By: Judy Greenwald

Published March 04, 2016 - 2:46pm CST

A New York State Supreme Court judge has ruled against several insurers in a dispute over business interruption and property coverage.

XL Catlin units wrap $300 million in catastrophe bond coverage

By: Donna Mahoney

Published March 03, 2016 - 2:32pm CST

Some $300 million in catastrophe bond coverage covering perils in the United States, Canada and Europe has been completed for XL Insurance (Bermuda) Ltd. and certain affiliates, GC Securities said Thursday.

Moody's acquires Toronto actuarial software firm

By: Joyce Famakinwa

Published March 02, 2016 - 1:55pm CST

Moody's Corp., New York, has acquired Toronto, Canada-based actuarial software provider GGY.

Worker's death leads to guilty plea, fine for Ontario firm

By: Gloria Gonzalez

Published February 10, 2016 - 4:39pm CST

The fatality occurred when an equipment operator moving a portable toilet with a front-end loader failed to use the assistance of a signaler, leading him to run over an employee who was moving traffic cones.

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.

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