Industry

Brokerages accelerating digital transformation in face of COVID-19

COVID-19 has “forced” companies in Canada and the U.S. to accelerate digital transformation efforts, and property and casualty brokerages are no exception. According to Ernst & Young (EY), this sudden accelerated digitization has been “forced” on Canadian companies “in ways that few could have expected” – from remote work to the rapid ramp-up of ecommerce […]

By Jason Contant | August 4, 2021

2 min read

Separate hailstorms bring 2,500 claims to date

Two hailstorms in late July have resulted in about 2,500 property and auto claims to date, a spokesman for Saskatchewan Government Insurance (SGI) told Canadian Underwriter Tuesday. The storms ripped through Saskatchewan on July 22-23 and July 27-28. The larger of the storms resulted in 2,018 weather-related claims (1,379 auto and 639 property), said Tyler […]

By Jason Contant | August 4, 2021

2 min read

North American markets continue to rise despite mounting COVID-19 case numbers

TORONTO – North American markets moved up on the first day of August trading in Canada, even as concerns mount around rising COVID-19 case counts in the U.S. Scott Guitard, senior vice-president and portfolio manager at Fiduciary Trust Canada, said it was a typically slow start to the summer month in terms of volume. However, […]

By Jason Contant | August 4, 2021

3 min read

CEOs becoming easy targets of ‘spear-phishing’: cyber insurance provider

With C-Suite email credentials sold on the dark web for as little as $250 per user, Canadian CEOs could become increasing targets for “spear-phishing” attacks, a cyber insurance provider warns. The digital scam involves sending fraudulent emails from what appears to be a trusted source, asking the recipient to reveal confidential information. In a cyber […]

By Jason Contant | August 3, 2021

2 min read