View the video here on your mobile device. They feast in the dead of night . . . nocturnal carnivores that draw blood from unsuspecting human hosts. Entomologists call them Cimex Lectularious, the rest of us call them bed bugs . . . Bed bug infestations are more common than people think. And they can [...]
Forty-eight per cent of executives at large Canadian companies said that employees have attempted to defraud their organization, while only 35 per cent of mid-sized company execs said they, too, face internal fraud issues. Regardless of company size, employees who attempt fraud were very likely to be caught, according to the findings of a SAS/Leger [...]
It’s the most wonderful time of the year for scam artists. Opportunities to be swindled abound during the holiday season, as frenzied shoppers look to snag the hot new toy or show their generous spirit. To ensure that nobody’s festivities are ruined, the U.S. Better Business Bureau is warning shoppers to watch for these common [...]
A new poll shows that Canadians are conservative, and it has nothing to do with politics. According to the TD Insurance Risky Business Poll, the majority of Canadians say they’re cautious and risk-avoiders (55%), with only 8% saying they are risk-takers. No surprise, given the reputation of Canadians as careful and reserved. However, many are [...]
Munich Re said following the catastrophic oil spill in the Gulf of Mexico, it is clear that better provision has to be made for dealing with losses and damage arising in this context. In response, the reinsurer has developed a new concept for insuring offshore oil drilling, which has the potential to create cover in [...]
The two-year global economic crisis tested the mettle of the insurance industry’s enterprise risk management (ERM) programs. While insurers have performed relatively well, the impending implementation of Solvency II in 2012 and the increasing expectations among rating agencies are driving insurers to continue to bolster their ERM programs, according to a recent survey conducted by [...]
Risk managers are becoming more visible and active across their organizations and are wielding greater influence on strategic decisions, according to a senior executive at Marsh, the world’s leading insurance broker and risk advisor. Addressing the Asociación Latinoamericana de Administradores de Riesgos y Seguros (ALARYS) Latin America Risk Management Conference in Bermuda, Alex Moczarski, President [...]
View the video here on your mobile device. Specialists are baffled by their resurgence and no place seems immune as the infestations of the blood sucking little creatures known as bed bugs is on the rise. Just recently it was reported that the United Nations Building in New York City had an infestation, as well [...]
A new public company that will sell shares in Whistler Blackcomb says it plans to pay out significant dividends, but warns that any investment in the ski resort “involves a high degree of risk”- from another economic downturn to the fallout from an avalanche. Whistler Blackcomb Holdings Inc. did not say how much it plans [...]
The American Red Cross has released its 2010 World Disasters Report with a warning that the next urban disaster could be even worse than the January earthquake in Haiti which killed an estimated 230,000 people. Today, more than 2.5 billion urban residents, the world’s total population in 1950, who are living in low- and middle-income [...]
With concerns rising over terrorism, overseas street crime, kidnappings, and the safety of computer and proprietary information, 50 percent of security and risk managers said they were more apprehensive about their employees’ overall safety when traveling internationally compared to five years ago. This according to a recent survey conducted by travel insurance provider Travel Guard [...]
View the video here on your mobile device. Narrator: Ryan Pratt, a Senior Manager with Ernst & Young, talks about the importance of business continuity plans and common mistakes businesses make when putting them together. Ryan Pratt: When you consider a business continuity plan and what really should be in those, the first thing you [...]
Toronto could be the best city in the world to recruit, employ and relocate employees, according to Aon Consulting. The company’s People Risk Index survey measured the risks that organizations face with recruitment, employment and relocation in 90 cities worldwide by analyzing demographics, education, employment practices and government regulations. According to the Index, the five [...]
View the video here on your mobile device. Jason Trahan, a senior manager with Ernst & Young, discusses business interruption in today’s global corporate structure. Jason Trahan: I think what’s changing business interruption is really the complexities of businesses themselves. As they get more and more global their supply chain is stretched out across the globe and [...]
Canada has established a global risk-management think-tank in Toronto in the hopes it will solidify a reputation for having one of the world’s best and safest banking systems earned during the global financial meltdown. The think-tank – called the Global Risk Institute in Financial Services – will collaborate with academics, risk experts, policy-makers and regulators [...]
In the age of social media proliferation, organizations are often exposed to significant cyber and reputational risks. Common social media strategies include maintaining a Facebook page or Twitter feed, or monitoring blog conversations. Research conducted by the World Economic Forum (amongst others) indicate that trust in government, corporations, and traditional media has declined—fostering an environment [...]
Thieves broke into two churches and a synagogue in Halton Region over a two-week period this summer. The suspect or suspects gained access by forcing doors or breaking windows. While they made off with some petty cash, they left items of value behind. Police believe the suspects were simply looking for collection money and warned [...]
One hospital in Quebec’s Charlevoix region will be demolished and another will undergo major renovations after a study for the provincial government determined they don’t meet standards to withstand earthquakes. Health services in the area northeast of Quebec City will have to be redeployed while the work is done, officials told a news conference Saturday [...]
Ironshore Environmental has expanded its suite of asset-class specific SPILLS programs to provide comprehensive environmental coverage to the Hospitality Sector. Ironshore’s Environmental Hospitality program offers asset protection against a broad range of site pollution exposures, including Mold, Legionella, Contingent Business Interruption, Norovirus and Recreational Water Illnesses (RWI), as well as other facility-borne infectious viruses and/or [...]
