View the video here on your mobile device. Narrator: David Mclean, the VP of Sales and Marketing for Zurich’s World Travel Protection, talks to ILSTv about WTP’s new help point for travelers called Nomads. David McLean: World Travel Protection was founded in 1991, so we’ve been in existence nearly 20 years now as an emergency [...]
Canadian businesses are becoming more global in order to achieve growth, but according to a new survey released by Ernst & Young, globalization can mean more exposure to risks such as fraud, bribery and corrupt business practices. Fifty-three percent of Canadian respondents say their management is pursuing growth opportunistically while economic recovery remains unclear. Twelve [...]
A report says the oilsands could be a riskier place to invest for the long-term than the Gulf of Mexico. The world’s attention has been focused on the ruptured oil rig that has been spewing crude oil into the Gulf for nearly a month, but the report by RiskMetrics Group likened development of Alberta’s oilsands [...]
If you live within a mile of a church or other religious institution, you’re far less likely to have a car accident than drivers who live more than a mile from one. But if you live within one mile of a restaurant, you face a significantly greater risk of an accident than most other drivers. [...]
Credit unions are continuing to grow in the Canadian retail banking landscape and could present a competitive challenge to the nation’s banks in the domestic market over time, says Moody’s Investors Service in a new report. Credit unions currently account for a 16% share of domestic deposits and a 19% share of residential mortgages , [...]
While International Oil Companies Despite their widespread use by International Oil Companies, new research reveals that only a small proportion of the world’s National Oil Companies (NOCs) own and operate their own insurance vehicles. Known as captive insurance companies, these vehicles are used by the majority of the world’s largest corporations to manage more efficiently [...]
View the video here on your mobile device. ILSTV correspondent Shelley Ridgewell reports from day 4 of the 2010 RIMS conference in Boston, Mass.
View the video here on your mobile device. ILSTV correspondent Shelley Ridgewell reports from day 3 of the 2010 RIMS conference in Boston, Mass.
View the video here on your mobile device. ILSTV’s Shelley Ridgewell is back to share what’s in store for Tuesday at RIMS 2010.
View the video here on your mobile device. ILSTV correspondent Shelley Ridgewell reports from day 1 of the 2010 RIMS conference in Boston, Mass.
A vast majority of Canadian employers are taking substantive steps to mitigate the effects of the ongoing funding crisis facing their defined benefit (DB) pension plans, according to a new survey from Towers Watson. The majority of employers surveyed believe the pension funding crisis is likely to continue beyond the next few years. Over two [...]
On April 13 the U.S. Federal Deposit Insurance Corp. proposed changes to the way it determines how much it charges big banks to insure their deposits, with the aim of having large, higher-risk institutions pay bigger premiums. Large financial institutions “pose unique and concentrated risks” to the deposit insurance fund, something that came to the [...]
Julie Dickson, Superintendent of Financial Institutions, has released the Plan and Priorities of OSFI for 2010 – 2013. Dickson says the Office of the Superintendent of Financial Institutions will focus on a number of areas including enhanced deification of emerging risks, institutional and market resilience, the move to International Financial Reporting Standards, capital adequacy, and [...]
Swiss Re has partnered with an international non-profit organization, GeoHazards International (GHI), and a New Delhi-based non-profit organization, GeoHazards Society (GHS), to launch a multi-year campaign to improve hospital earthquake safety in India. Swiss Re said that the recent earthquakes in Chile and Haiti are adding urgent alarm calls for pre-disaster risk mitigation and that [...]
View the video here on your mobile device. The Nova Scotia government is helping a firm that specializes in investment risk expand in Halifax with a six-year payroll rebate of more than $1.4 million. Castle Hall Alternatives will also receive up to $150,000 from the province for training. The government says as many as 50 [...]
View the video here on your mobile device. EagleEye Analytics, the leading provider of predictive analytics solutions to the property and casualty insurance industry, announced the successful launch of its predictive analytics solution and advisory services in the Canadian market. The company is based in South Carolina and helps enables insurance companies to achieve underwriting [...]
View the video here on your mobile device. Billionaire Warren Buffett said that CEOs and the boards that hired them should pay a steep price if their companies get into trouble with risky investments. As part of his annual letter to Berkshire Hathaway shareholders, Buffett encouraged other corporations to develop meaningful penalties for top executives [...]
View the video here on your mobile device. British Columbia’s Financial Institutions Commission has made legislative changes that affect the regulation of insurance business in the province. The Commission said that with recent changes made under Part XIII of the federal Insurance Companies Act, new risks affecting the public have emerged. The Commission has issued [...]
