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Operating in a new climate

By: Gloria Gonzalez

Published October 11, 2015 - 6:00am 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.

New study outlines global property premiums for commercial sector

By: Matthew Lerner

Published October 09, 2015 - 11:45am CST

Just under half of worldwide property insurance premiums in 2014 went to commercial property coverage, according to a new study by London-based Finaccord Ltd., the international market research and consulting company said in a statement Friday.

Canada stiffens data breach reporting requirements

By: Gloria Gonzalez

Published October 01, 2015 - 4:02pm CST

QUEBEC CITY — Corporations experiencing significant data breaches in Canada no longer have the option of keeping quiet, as the failure to inform regulators or customers can now potentially result in significant noncompliance penalties.

Volkswagen scandal highlights reputational risk

By: Gloria Gonzalez

Published October 01, 2015 - 9:51am CST

QUEBEC CITY — Volkswagen A.G.'s recent troubles serve as a critical reminder of the threat posed by reputational risk and the importance of proactively managing it, a public relations expert says.

Insurance industry relationships key to risk manager satisfaction

By: Gloria Gonzalez

Published September 30, 2015 - 10:47am CST

QUEBEC CITY — Insurers have come a long way in simplifying their policies, but brokers and insurers don't always take into account their customers' preferences when revamping their programs, according to the president of the Risk & Insurance Management Society Inc.

Crawford's Canada unit launches data management tool

By: Joyce Famakinwa

Published September 11, 2015 - 12:13pm CST

Crawford & Co. (Canada) Inc. has launched Crawford iQ, an information and communication technology tool that provides access to data management solutions.

AIG, Axis provided Ashley Madison insurance: Report

By: Donna Mahoney

Published September 10, 2015 - 2:32pm CST

New revelations come out in Ashley Madison hack: The names of the website's D&O and cyber insurers.

Business group seeks changes in Ontario workers comp program overhaul

By: Gloria Gonzalez

Published September 10, 2015 - 9:18am CST

Provincial chamber of commerce wants to take a proactive, rather than reactive, approach to setting rates.

Ontario mulls workers comp reforms

By: Gloria Gonzalez

Published August 30, 2015 - 6:00am CST

Regulators want to change the way employers' premiums are set in Ontario's workers compensation system.

Canadian risk management leader dead at 79

By: Mark A. Hofmann

Published August 28, 2015 - 10:49am CST

William H. McGannon, a Canadian risk management pioneer, has died at the age of 79.

Police say 2 may have committed suicide after Ashley Madison hack

Published August 24, 2015 - 11:32am CST

(Reuters) — At least two people may have committed suicide following the hacking of the Ashley Madison cheating website that exposed the information of clients, Toronto police said on Monday.

Cyber 'vigilantes' dump data online from cheating website Ashley Madison

Published August 19, 2015 - 9:05am CST

(Reuters) — Hackers dumped online personal details of more than a million users of infidelity website AshleyMadison.com, tech websites reported on Tuesday, the latest high-profile cyber attack that threatens to wreak strife in relationships across the globe.

Canadian Pacific lone holdout to settlement

By: Donna Mahoney

Published August 02, 2015 - 6:00am CST

Canadian Pacific Railway Ltd. continues to fight a settlement for victims of the July 6, 2013, crash, explosion and fire in Lac-Mégantic, Quebec, that killed 47 people and devastated much of the town.

Industry balking at latest oil train safety rules

By: Donna Mahoney

Published August 02, 2015 - 6:00am CST

Industry experts are critical of a new U.S. rule on railroads concerning safely transporting flammable liquids, including the Bakken crude blamed in part for the Lac-Mégantic, Quebec, explosion and fire two years ago that killed dozens and leveled much of the town.

U.S. sets new final rule on oil, ethanol trains

Published July 29, 2015 - 3:13pm CST

(Reuters) — The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Mégantic, Quebec.

Validus Americas appoints president to run its MGA

By: Joyce Famakinwa

Published July 28, 2015 - 12:59pm CST

Validus Re, the reinsurance division of Validus Holdings Ltd., said it has appointed James Franson president of Validus Americas, Validus Re’s Boston-based managing general agent, which underwrites for its Swiss reinsurance company.

Oil train insurance minimums in question

By: Donna Mahoney

Published July 28, 2015 - 12:54pm CST

A little more than two years have passed since an unattended runaway train from the now-bankrupt Montreal, Maine & Atlantic Railway Ltd. derailed and crashed, spilling oil that caught fire in Lac-Mégantic, Quebec, and killing 47 people.

Zurich mulls offer for RSA Insurance

By: Sarah Veysey

Published July 28, 2015 - 9:15am CST

Zurich Insurance Group Ltd. said Tuesday it is evaluating a potential offer for London-based multiline insurer RSA Insurance Group P.L.C.

Buffett may benefit as train lobby bids to weaken oil-by-rail safety rule

Published July 14, 2015 - 10:16am CST

(Reuters) — Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry.

Marsh & McLennan Agency acquires Canadian brokers

By: Donna Mahoney

Published July 07, 2015 - 1:23pm CST

Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Tuesday said it acquired Vézina, a Montreal-based insurance brokerage.

Railroad firms, workers charged in Lac-Mégantic oil train disaster

Published June 22, 2015 - 5:01pm CST

The Canadian government on Monday charged two railroad companies and six people in the July 2013 Lac-Mégantic, Quebec, train derailment.

Court delays ruling on 2013 Quebec oil train crash settlement

Published June 18, 2015 - 9:19am CST

(Reuters) — A Quebec judge reserved his decision on whether to grant a motion that would clear the way for a settlement between victims of the 2013 Lac-Megantic oil train disaster and companies and individuals linked to the crash.

Insurer publishes free index of world’s building codes

By: Donna Mahoney

Published June 10, 2015 - 3:28pm CST

Commercial and industrial insurer FM Global has released an all-inclusive list of countries’ building codes that can be used worldwide when building or developing facilities.

World Fuel Services to pay $110 million in Lac-Mégantic settlement

Published June 08, 2015 - 4:30pm CST

(Reuters) — World Fuel Services Corp. has agreed to contribute $110 million to a compensation fund for victims of the Lac-Mégantic, Quebec, rail disaster as part of a settlement with the Montreal, Maine & Atlantic Railway and its bankruptcy trustees.

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