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Mexx files for bankruptcy protection | Toronto Star

Mexx files for bankruptcy protection | Toronto Star | Industry News Blog | Scoop.it

AClothing store joins growing list of floundering retailers in Canada.

Shane Roney's insight:

Another retailer in Canada falling on hard times.

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$400K vanishes from public service union's coffers | CBC News

$400K vanishes from public service union's coffers | CBC News | Industry News Blog | Scoop.it
A union representing public service professionals across Canada, including economists, statisticians and civilian employees of the RCMP, is trying to figure out how $400,000 was apparently siphoned from its bank accounts over the course of nearly a decade.
James Bennett's insight:

An eye opening example of how employee fraud can occur, undetected, for many years and the large amount of funds that can go missing.  As well the negative fallout of not purchasing adequate insurance to cover these losses can be devastating.

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Ottawa blocks Chinese takeover of Aecon on security grounds

Ottawa blocks Chinese takeover of Aecon on security grounds | Industry News Blog | Scoop.it
China's ambassador to Canada has said Canada is being too 'sensitive' about Chinese capital flows into Canada, and likened the national security review to 'looney' behaviour
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Hackers shaking down businesses after seizing control of computers, warns N.S. expert | CBC News

Hackers shaking down businesses after seizing control of computers, warns N.S. expert | CBC News | Industry News Blog | Scoop.it
It's time to look beyond the controversy surrounding recent Nova Scotia government security breaches and start preventing issues before they happen, says the organizer of Atlantic Canada's largest information security conference.
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Toronto condo projects teeter on collapse amid rising costs

Toronto condo projects teeter on collapse amid rising costs | Industry News Blog | Scoop.it
Condo builders and buyers grapple with rising costs
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City report projects $5.7 billion 10-year infrastructure spending gap

City report projects $5.7 billion 10-year infrastructure spending gap | Industry News Blog | Scoop.it
Nearly $5.7 billion of infrastructure needs for the next 10 years remain unfunded, according to City of Calgary projections, and some councillors are wondering whether a potential Olympic bid could pile onto that shortfall or help alleviate it.
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Ex-Employee at Meridian Nursing Home Accused of Theft | Mississippi News | US News

Ex-Employee at Meridian Nursing Home Accused of Theft | Mississippi News | US News | Industry News Blog | Scoop.it
JACKSON, Miss. (AP) — A former office manager at a Meridian nursing home has been indicted for allegedly stealing money from residents and the facility.
James Bennett's insight:

Employee theft occurs in a variety of industries, including nursing homes.
Talk to your Trisura underwriter about how Fidelity insurance can help protect your business.

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Profitable global cyber market one incident away from a correction, analyst warns

Profitable global cyber market one incident away from a correction, analyst warns | Industry News Blog | Scoop.it
Globally, commercial insurance customers are getting a great deal on cyber insurance right now, but this will only last until a major cyber incident causes a huge, one-time loss for the property and casualty insurance industry, a computer security expert…
James Bennett's insight:

Coverage is broad and premiums are low in the current cyber insurance market. Take advantage before the tides turn by calling your local Trisura Underwriter!

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Are your employees unwittingly invalidating your cyber liability insurance?

Are your employees unwittingly invalidating your cyber liability insurance? | Industry News Blog | Scoop.it
To prevent unintentional invalidation of their policies, businesses must educate employees on a number of related issues.
James Bennett's insight:

Balancing employee education with risk transfer and evolving internal controls are keys to success in today’s digital world. Speak with your local Trisura Underwriter to help your clients today!

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City councillor wants Blue Line expansion on the table

City councillor wants Blue Line expansion on the table | Industry News Blog | Scoop.it
A northeast councillor is pushing for an expansion of the Blue Line LRT, including a possible link to the airport, and says he'd like it to happen before the Green Line is complete.
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How Internet of Things will change product liability

How Internet of Things will change product liability | Industry News Blog | Scoop.it
Product liability could look very different in the future once the Internet of Things (IoT) connects a variety of insured household and business products, Clyde and Co. litigator Prachi Shah told Canadian Underwriter Friday. In existing IoT literature, we hear…
James Bennett's insight:

How IoT will change product liability

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Should insurers even be writing D&O coverage for sexual misconduct claims?

Should insurers even be writing D&O coverage for sexual misconduct claims? | Industry News Blog | Scoop.it
Why are insurers writing D&O coverage for allegations involving sexual misconduct, which is not really an “accident,” but rather an intentional act that is typically excluded from coverage? The question came up last Thursday at a PLUS Canada event in…
James Bennett's insight:

Sexual harassment is more than just a hot topic.

Talk to your Trisura underwriter about how we can help protect your organization.

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Construction’s ‘retirement bubble’ is here: BuildForce

Construction’s ‘retirement bubble’ is here: BuildForce | Industry News Blog | Scoop.it
With 21 per cent of Canada’s current construction workforce anticipated to retire this decade, the industry needs to focus on recruitment and retention to prevent a skills and capacity gap, the findings of the latest BuildForce Canada labour market foreca
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KPMG to be investigated over Carillion auditing

KPMG to be investigated over Carillion auditing | Industry News Blog | Scoop.it
Watchdog opens inquiry into accountancy firm’s role in collapse of construction giant
Ryan McKay's insight:

The FRC investigation will consider whether KPMG breached any rules, in particular the ethical and technical standards for auditors. Several areas of KPMG’s work will be examined including estimates and recognition of revenue on significant contracts and accounting for pensions.

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U.S. to hit Canada with steel, aluminum tariffs at midnight, setting stage for trade war

U.S. to hit Canada with steel, aluminum tariffs at midnight, setting stage for trade war | Industry News Blog | Scoop.it
WASHINGTON — The Trump administration is making good on its threat to slap Canada with hefty steel and aluminum tariffs, setting the stage for a possible trade war and leaving Prime Minister Justin Trudeau in the middle of a very divided group of leaders at next week’s G7 summit.
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Construction Executive

Construction Executive | Industry News Blog | Scoop.it
The cost of a surety bond is an integral aspect of the cash flow of a construction business, no matter how large or small. Contractors should understand how bond pricing works and its link to personal credit history.
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That Gorgeous Toronto Condo You Signed Up For? They Just Scrapped It - Bloomberg

That Gorgeous Toronto Condo You Signed Up For? They Just Scrapped It - Bloomberg | Industry News Blog | Scoop.it
Builders in Toronto’s frenzied condo market are walking away from giant towers they have pre-sold, reflecting a rougher road to profits -- and leaving buyers in the lurch.
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Calgary school board struggles with $1 billion maintenance bill

Calgary school board struggles with $1 billion maintenance bill | Industry News Blog | Scoop.it
With deferred maintenance costs now at $1 billion in public schools, parents say Calgary students are facing increasingly challenging environments, from eating lunch on old, dirty floors, bundling up in classes with leaking windows, or avoiding unsanitary washrooms in disrepair.
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[Bulletin] Important New Rules for Mandatory Privacy Breach Notification, Reporting and Record Keeping in Canada

[Bulletin] Important New Rules for Mandatory Privacy Breach Notification, Reporting and Record Keeping in Canada | Industry News Blog | Scoop.it
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Does Your Business Need Media Liability Insurance?

Does Your Business Need Media Liability Insurance? | Industry News Blog | Scoop.it
Media liability coverage is a type of errors and omissions insurance purchased by businesses that create or distribute content.
James Bennett's insight:

If your clients create, produce or market content they likely need more than a CGL. Speak with a Trisura Underwriter today about coverage options tailored to fit your specific needs!

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Ontario court awards $2.6-billion in Sino-Forest fraud case

Ontario court awards $2.6-billion in Sino-Forest fraud case | Industry News Blog | Scoop.it
Ontario Superior Court Justice Michael Penny found that CEO Allen Chan engaged in fraud, breach of fiduciary duty, and negligence
James Bennett's insight:

A landmark decision in one of the biggest cases of securities fraud in Canada. The Sino-Forest case is a cautionary tale for all.

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Corbella: Workers and employer go to court to fight union trickery

Corbella: Workers and employer go to court to fight union trickery | Industry News Blog | Scoop.it
A new labour law in Alberta designed to empower workers has left a group of Calgary labourers saying they feel tricked, bullied and voiceless.Workers with Icon West Construction allege they were “deceived” into signing union cards and unwittingly made history in what’s believed t
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A Fatal Workplace Accident: A Company President Convicted of Manslaughter

A Fatal Workplace Accident: A Company President Convicted of Manslaughter | Industry News Blog | Scoop.it
This unprecedented Québec judgment is a reminder that no one is immune from a criminal conviction when a serious or fatal accident occurs.
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Ransomware attacks hit two Ontario children’s aid societies | Metro Toronto

Ransomware attacks hit two Ontario children’s aid societies | Metro Toronto | Industry News Blog | Scoop.it
One agency paid $5,000 to regain access to sensitive data, sources say, but officials say no information was ultimately lost.
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Rio Tinto Accused of $700 Million Tax Dodge on Mongolian Mine

Rio Tinto Accused of $700 Million Tax Dodge on Mongolian Mine | Industry News Blog | Scoop.it
Rio Tinto Group has been accused by a Dutch non-profit group of avoiding about $700 million in taxes related to its Oyu Tolgoi copper mine in Mongolia.
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Fairfax Financial buying some of Carillion’s Canadian assets for undisclosed amount

Fairfax Financial buying some of Carillion’s Canadian assets for undisclosed amount | Industry News Blog | Scoop.it
The deal would include facilities management at airports, commercial and retail properties, defence and select healthcare units
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