Industry

What’s contributing to rising reconstruction costs in Canada?

Supply shortages and the skyrocketing price of lumber have combined with project delays and the continued effects of the pandemic to raise property reconstruction costs in Canada, according to the latest reconstruction cost update from Opta Information Intelligence. Opta’s recent analysis for the second quarter of 2021 reveals that property reconstruction costs increased by 6.4% […]

By Jason Contant | June 4, 2021

3 min read

Why clients are still forking over ransomware demands

Clients are still indeed paying ransomware demands, despite a report to the contrary, because the threat of having sensitive data exposed is very much a concern, according to a pair of cyber insurance experts. Their comments come following a report earlier this year that claimed a sharp drop in the number of victims deciding to […]

By Adam Malik | June 4, 2021

3 min read

Insurance CEO’s advice on engaging employees amid pandemic

If your employees are working remotely because of the pandemic, pick up the phone and ask those workers what’s keeping them up at night, suggests the new CEO of the Canadian Universities Reciprocal Insurance Exchange (CURIE). It is important for leaders, of both insurance carriers and brokerages, to continue to engage with employees when there […]

By Greg Meckbach | June 4, 2021

2 min read

Evacuations and flood warnings, watches issued as rivers swell in northwest B.C.

Rapid snow melt or heavy rains have prompted flood warnings, watches or high streamflow advisories in British Columbia from the central coast north to the Yukon boundary and along most of the eastern length of the province. Evacuation orders and alerts have been issued by the Regional District of Kitimat-Stikine in the northwest, as rising […]

By Jason Contant | June 4, 2021

1 min read