Claims

A new way for insurers to handle construction delays and cost overruns

Since 2016, the federal government’s slated nearly $100 billion to support development of transit extensions, shipping port improvements, affordable housing and more. When private-sector construction slowed in March 2020, federal infrastructure building quickly filled the gap. And, throughout 2021, both private and public construction picked up. The sector is now humming along. This has created […]

By Phil | March 17, 2022

3 min read

‘Antivirus on steroids’ — one way to protect your clients from ransomware

To help clients detect their cyber exposures, insurers are recommending ‘powerful’ preventative measures such as endpoint detection responses (EDR) — dubbed ‘antivirus on steroids.’ Used in combination with multi-factor authentication, EDR is deemed superior to traditional anti-virus software because the malware cybercriminals use nowadays is more sophisticated at evading traditional detection measures. “Usually, the first […]

By David Gambrill | March 16, 2022

4 min read

Saskatchewan paid out $125M for oil well cleanup before getting legislative approval

REGINA – Saskatchewan’s auditor says the Ministry of Energy and Resources violated government legislation by handing out grants for cleaning up inactive oil wells before getting approval. Tara Clemett says the ministry paid $125 million to the Saskatchewan Research Council in instalments in 2020-21. The money was part of a total of $400 million the […]

By Alyssa DiSabatino | March 16, 2022

3 min read

How insurers are rethinking ransom coverage

Ransomware has long been a thorn in the side for insurers, particularly in recent years. And, although the market will continue to see rate changes in reaction to ransomware losses over the next year, “insurers will be equally focused on ensuring their portfolios are resilient against any unanticipated changes in the threat landscape and future […]

By Phil | March 15, 2022

2 min read