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Unmanned aerial vehicles (UAVs) — known commonly as drones — were originally a tool solely for the military. Now they’re used regularly for civilian purposes such as photography, monitoring traffic and fighting fires, said Janarthan Sivarajah, senior new business manager, professional liability, with Toronto-based Zensurance. As with most flying objects, drones are prone to accidents. […]
By Melissa Shin | September 21, 2021
2 min read
The global COVID-19 pandemic has spurred a tidal wave of people quitting their jobs in what’s being called “the Great Resignation.” What can employers do to combat this wave of resignations? Take a three-step, more data-driven approach to retention, said Ian Cook, vice president of people analytics with Vancouver-based analytics software firm Visier. First, employers […]
By Jason Contant | September 21, 2021
4 min read
MONTREAL – Police say the condition of a 77-year-old woman is uncertain after she was among nine people hit by a car outside a polling station in a Montreal suburb Monday evening. Sgt. Veronique Comtois said today the woman’s injuries weren’t life threatening but due to the victim’s age, her situation could deteriorate rapidly if […]
1 min read
Knowing the most common cybersecurity attacks can help brokers better advise their clients on risk mitigation strategies, a Canadian cyber insurance provider has said. Selling cyber policies remains a concern for many brokers, who are struggling to keep up with the increased frequency and severity of sophisticated cyberattacks and ever-evolving coverages. The more brokers understand […]
By Melissa Shin | September 20, 2021
3 min read
Rising condo insurance premiums will continue at least through the first two quarters of 2022, according to LowestRates.ca’s latest Home Insurance Price Index. Condo insurance premiums are continuing to rise in Canada, sustaining a years-long increase, the rate comparison site said in a blog Wednesday. Condo rates are skyrocketing in British Columbia and Alberta in […]
By Jason Contant | September 20, 2021
Most IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept. 9, found that 83% of IT teams surveyed believed that the increase in home working […]
By Jason Contant | September 17, 2021
Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor said. “Our clients are not out of the woods yet,” said Angela McKerlich, surety and […]
By Melissa Shin | September 17, 2021
VANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report from the Crown utility says record-breaking heat between June and August in many parts of […]
Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by the Top 10 carriers, said Gordon McLean, senior financial analyst with Oldwick, N.J.-based A.M. Best. […]
By Greg Meckbach | September 16, 2021
By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration. Our numbers are nowhere near as high. According to Transport Canada, as of Aug. 31, 63,200 drones were registered in this country. There were 59,700 pilots with a basic certificate and 6,350 pilots (mostly flying […]
By Melissa Shin | September 16, 2021
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