Cyber Risk Insurance Coverage

“Everybody needs it, and most companies don’t realize they don’t have it until it’s too late.” This was a quote by Jacob Olcott, a principal with Good Harbor Consulting’s cybersecurity team, in a recent NY Times article, here.I don’t see the logic in this statement, but then, I am an insurance broker. If...
Posted: 2/2/2012 5:35:17 PM by MSI

Long Tail Liability for Canadian Directors and Officers

This new case, based on old alleged wrongful acts, hits home because it is a Canadian Company in the insurance industry that is active in the US but not listed on a regulated US exchange. The case involves a July 2011 class action securities suit against Fairfax Financial Holdings Limited (USA) and its Pink Sheet OTCBB trading,here. The all...
Posted: 8/4/2011 12:00:00 AM by Global Administrator

CFPOA (Bribery) Enforcement Action on the Rise

Risk Management will be a particular challenge based on the “ground level” exposures and the difficulty identifying and controlling risk that is created by a vast number of activities conducted by a large number of people with significant geographic and supervisory separation.Therefore, based on single aggregate limits, and considera...
Posted: 7/8/2011 12:00:00 AM by Global Administrator

Mitchell Sandham Featured in Canadian Insurance Top Broker Magazine!

Mitchell Sandham is excited to have an article featured in Canadian Insurance Top Broker Magazine, called “D&O and E&O: How much is enough?” by Greg Shields.  Please click here to access the article.   
Posted: 7/8/2011 12:00:00 AM by Global Administrator

What is the Direction of Canadian Corporate Fraud?

Interesting article on Corporate Fraud and Executive Compensation available, here, at Marketwatch. I will let you read it, but the Greg’s notes on it, 1) “97% of companies on the S&P 500 Index pay incentive compensation to executives even when the company is underperforming its peers”, and 2) “FBI Director R...
Posted: 6/23/2011 12:00:00 AM by Global Administrator

Skip Arbitration, Go Straight to Class Action

The Supreme Court of Canada has released a new decision in Seidel v. TELUS Communications, here, that will be followed closely by Canadian class action plaintiff lawyers. If you don’t want to read the whole case,Osler has released a paper, here, by Jennifer Dolman and Matthew Thompson, discussing the decision,...
Posted: 4/12/2011 12:00:00 AM by Global Administrator

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