Homeowners of Chisholm and Slave Lake, located 150 kilometers north of Edmonton, Alberta, will be covered under most insurance policies for additional living expenses they incurred when the areas in question were evacuated as a result of a forest fire which broke out toward the end of May this year, according to Jim Rivait, a regional vice president of the Insurance Bureau of Canada (IBC). Latest loss reports at the time indicate that the "Chisholm fire" had scorched almost 350 square kilometers making it the largest of six out of control forest fires in the province.
Will CrowdStrike event trigger a cyber hard market?
July’s CrowdStrike flawed software update that affected an estimated 8.5 million Windows devices shouldn’t trigger the next cyber hard market or lead to significant rate increases, a cybersecurity expert said during a recent webinar. “I don’t think this one’s going to accelerate a hard market,” said James Burns, head of cyber strategy at CFC. “It […]
By Jason Contant | September 17, 2024
3 min read