The Bank of Canada reported a consumer price index (CPI) of 6.9% in September, with the cost of commodities forecasted to increase. This, combined with the lingering supply chain crisis, means that everything is increasing in cost and is less readily available, including automobile parts, specialized equipment and building materials.

During the early months of the COVID-19 pandemic, clinical trial enrolments were largely paused unless the trial was directly related to vaccine development or COVID-19 care.

The current economy is being influenced by several key factors, including the war in Ukraine, the COVID-19 pandemic and climate change, which can lead to catastrophic events such as floods, storms and hurricanes.

When an individual interacts with the healthcare system, that person expects to receive safe, high-quality care. Unfortunately, inadvertent harm – a diagnostic error – may occur at any point along the continuum of patient care.

Our vision at CNA is anchored on building an inclusive workplace culture that welcomes and celebrates difference, enabling everyone to do their best work.

Informed consent (IC) arises from the principle that a person has the right to make decisions about what happens to her or his body.

Businesses with growing international exposures need tailored coverages to meet their unique demands. As more insureds expand their business internationally, it creates an unprecedented opportunity for the commercial insurance industry to provide coverage for overseas operations.

The last two years in cybersecurity have been unprecedented. 2020 saw the en masse transition to remote working as physical offices closed and dining room tables and spare bedrooms became offices and classrooms.

As is evident from the extensive recent literature on workplace burn-out, stress and anxiety are chronic and widespread among healthcare professionals (HCPs).

Bringing life-changing drugs and medical devices to market involves a number of specialist life science companies working together to research, design, trial, manufacture and distribute new products.

Fiduciary liability coverage can be easily misunderstood, resulting in costly lawsuits.

Biometric identification, the use of unique physical or behavioural characteristics to identify individuals, has been around for decades. With advances in technology, biometric authentication is now part of everyday life.

At CNA, we understand the importance of fostering an organizational culture that celebrates individuals’ differences, attracts diverse talent, and inspires a work environment that enables all employees to do their best work.

CNA has always focused on our employees’ physical and mental needs, but the COVID-19 pandemic presented new challenges that required additional solutions.

Like any other pharmaceutical, a COVID-19 vaccine must be proven safe and effective through clinical trials. Another challenge however, lies in the logistics of distributing the vaccines globally.

For brokers, one of the easiest ways to ensure that the right solution is being provided to a client is to make sure that the terms are fully understood. Here is a solution to insure peace of mind.

As specialty risks evolve, businesses need to re-evaluate their exposures and ensure they are adequately protected.

Today’s business world operates on an international scale. Consumers no longer rely solely on locally produced goods and services, and companies continue to expand operations worldwide for increased efficiency or access to new markets and supplies.

The use of any technology platform comes with risk, and each healthcare provider must carefully identify the risks to their practice and their patients, mitigate these risks, and have the appropriate insurance coverage in place.

Businesses that have been shut down during an emergency may face challenges when reopening. Being prepared gives your clients' organizations the ability to adapt to all market conditions.

Long-term care homes are expected to be that – homes that are safe, healthy settings for the most vulnerable members of Canada’s population. However, this is not always the case.

A new risk landscape is emerging, in which intangible and interconnected risks present a critical challenge for businesses and the insurance industry. This is why planning for the impact of these new risks, or considering the effect of a minor modification to current exposures, is a crucial foundation for any risk management strategy.

The insurance industry provides the perfect environment to use a wide variety of skills, do meaningful work that makes a difference, and develop knowledge and leadership roles that advance your career. Explore four reasons why the insurance industry is a great option for almost any professional.

The healthcare profession continues to be plagued by ransomware incidents, with cybercriminals and their ill-gotten gains hampering efficiencies, disrupting operations and jeopardizing patient data.

More than ever before, companies of all sizes are allowing employees to work remotely. Unfortunately, some organizations are not fully prepared for this sudden change to a remote workforce. Telecommuting can potentially put your company at increased risk of a cyberattack.

Fiduciary liability coverage can be easily misunderstood and, as a result, may not be considered by insurance buyers when addressing their management liability exposures. In today’s litigious society, that could be a costly misstep.

What do healthcare professionals need to do to prevent issues with those who regulate the advertising?

Employers’ day-to-day business challenges can be daunting – including compliance with Canadian labour and employment laws. If a business is not in tune with the laws, complying with them may be like trying to hit multiple moving targets.

Many not-for-profit and privately held companies may be under the false impression that they have no need for management liability insurance.

The opioid crisis in Canada and elsewhere continues to grow with often tragic results. In Canada, one life was lost every two hours related to opioids in 2018. How did we get to this point? What is being done to address this widespread crisis, and how is the insurance industry responding?

The majority of cyber-attacks are opportunistic; cyber hackers are searching for websites with security vulnerabilities and outdated web applications that allow them access to exploit an organization’s processes and data.

Risk and fleet managers handle a plethora of responsibilities with their commercial automobile fleet. One important task is ensuring every fleet vehicle to be insured is included in their automobile policy at inception. Not advising the insurer of an automobile can lead to a denial of coverage, potentially putting the corporation’s assets at risk should a loss occur.

In a world that is ever-changing, businesses are facing new risks that are hitting their confidence hard and their reputations even harder.

Healthcare system and patient cyberattacks continue to increase significantly, exposing vulnerabilities in information technology and network-connected diagnostic equipment.

2019 really did throw a lot of challenges at us, and things don’t seem to be backing off as we think about what 2020 has in store for us from a risk perspective. Economic, political, cyber, technology and the complexities around the interconnectedness of risk are all expected to be chief concerns for business leaders, our latest Risk and Confidence research tells us.

One steadfast truth in the business world is that it is always changing – and so are risk management needs and concerns.

As Canadian workers continue to become more savvy about human and civil rights, it is imperative that employers clearly understand that no business is immune to employment practices liability (EPL) risks.

As cyber insurance becomes a mainstream product, the insurance industry needs to consider how we prepare for large losses and ensure that we are cognisant of where claims are likely to come from.

Although the incidence of hospital-acquired C. diff. in Canada decreased from 5.9 per 10 000 patient-days in 2009 to 4.3 in 2015 according to a recent study1, this is small consolation to affected patients. The burden of severe or recurrent episodes of antibiotic-resistant Clostridium difficile infection (CDI) on individuals is debilitating, and can be fatal.

In our ever-changing and competitive business environment, your business must make continual advances in technology, innovation and solutions to enhance your processes, production and ultimately your profitability.

Infections acquired in healthcare settings — known as healthcare-associated infections (HAIs) — occur in one of every 25 patients.1 HAIs extend treatment time and hospital stays, as well as increase morbidity and mortality levels. In addition to these adverse patient care effects, HAIs create significant burdens for healthcare organizations in the form of associated financial and reputational costs.

Cyber security is a critical challenge for businesses in any industry and of any size. Even the biggest companies and brands can be victimized by cyberattacks.

For banks and other financial institutions, a continuous focus on adapting to regulatory changes, minimizing systemic risks and anticipating the effects of economic shifts is essential. And while your financial institution faces more complex challenges today than ever before, it is critical not to overlook the physical exposures that are more within your control. Learn five strategies to reduce costly slip and fall claims.

Whether a piece is sold through an auction or a direct sale to another person or company, serial numbers are seldom checked. As a result, thieves —including organized crime rings— are attracted to this low-risk, high-reward opportunity.

There is no question that the forthcoming General Data Protection Regulation (GDPR) will bring with it big changes to organisations; but change is not necessarily a bad thing, and GDPR should be viewed as an opportunity rather than something to be feared.

A new cornerstone of the GDPR is the obligation to not only comply with, but to also demonstrate this compliance.

Whether your contracting firm is renovating a historical facility in Vancouver, building a warehouse in northeast Alberta, or green retrofitting an office in a Toronto high-rise, your construction site has exposures.

The GDPR enhances existing data subject rights previously provided for under the Data Protection Directive 95/46/EC, while also introducing new rights, which will have large implications for business that gather or process personal data.

Multinationals that have some form of operations within the European Union will be majorly affected by the GDPR, making it not too much of a surprise that almost 40% of multinationals saw regulatory risk as one of the biggest rising risks in CNA’s latest Risk and Confidence Survey.

The growth in allied healthcare facilities continues to accelerate, as healthcare services are increasingly delivered outside of a hospital. And while the medical care is paramount, these outpatient facilities are challenged by slip and fall exposures that can place employees, patients and visitors in harm’s way, leading to significant claims.

According to a study by CNA Risk Control, failing to take steps to address slip and fall hazards in commercial real estate facilities can lead to costly claims. Learn three ways you can prevent slips and falls through proper floor maintenance and careful vendor selection.

Now that your tech firm is no longer in its infancy, what other Management Liability coverages are appropriate?

Imagine you operate a manufacturing facility that produces rolling assembly lines. An installation mistake occurs and your customer is unable to operate its facility and produce food products. Errors & Omissions (E&O) policies can provide your manufacturing facility with insurance coverage when these types of situations arise.

Workers’ Comp Insurance covers medical bills, wages and more. When your employees travel internationally, your company faces a different set of exposures, such as injury, kidnapping and ransom.

If you don’t have a D&O insurance policy in place, here are seven reasons why it’s time to secure one now.

Millennials are the future of insurance, and possess many of the qualities that industry recruiters are looking for; the insurance industry is a great place to start — and grow — your career.