Earthquake Insurance: Are you protected?
Earthquake insurance has been a hot topic in recent years in Canada. According to a recent geological survey of Canada, BC is due for a large earthquake with an estimated 30% probability of it happening in the next 50 years. The Globe and Mail recently published an article predicting that a major earthquake could trigger a deep financial crisis. Media coverage of earthquakes in distant countries has left the world shocked and many British Columbians have started to ask what the risk is, here on our doorstep, for good reason.Read more
Are we around the corner yet? Thoughts on transitioning from Alberta’s economic downturn towards a brighter future
Alberta has certainly taken a hit economically over the past couple of years. As the economic downturn continued its spiraling decline, the ever hopeful Alberta Determination and Optimism have given us the courage to power through despite the devastating decline in oil prices and other economic drivers within our province.Read more
Building a Global Insurance Program
In September of 2015, Brennan Knopp published a blog outlining Global Insurance Considerations. The items highlighted: Indemnification, Claims Adjustment, Defense, Insurance Certification, Trade Sanctions, and Tax Considerations play an integral role in how clients need to manage their insurance coverage in a foreign jurisdiction. Today, we'll take this topic a step further to discuss how our clients can build insurance programs in foreign countries using "global" insurers located in the client's home country or insurers in the local (or foreign) country.Read more
The Power of Team Work
I’m writing this blog entry as I am closing in on leaving for a three week vacation. In business as in personal relationships, we depend on the power of the team to help us through our day and accomplish tasks that depend on a collective effort much greater than the abilities of one person alone.Read more
Cyber Governance – What questions should Boards be asking?
Within the context of corporate governance, cyber risk is perhaps the most recent new risk to be added to the checklist for directors and officers of organizations. The reason is that cyber risks are primarily reputational and operational in nature which means their impact goes far beyond just the realm of IT. Privacy and network security breaches can directly impact customers, vendors, regulatory bodies, legislative requirements and bring significant media attention to an organization.Read more