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OTTAWA – An internal review has uncovered weak security practices when it comes to information technology at Public Safety Canada – from lax controls on the use of portable flash drives to inadequate awareness and training. The review found employees who were no longer with the department “still had privileged access to the network” and […]
By Jason Contant | February 17, 2021
4 min read
Although it will take some time, selling personal cyber insurance will come as naturally to brokers as selling home and auto insurance to customers, an expert predicts. Until that happens, however, it’s up to brokers to make sure that personal cyber coverage is part of the conversation when clients are looking to renew their other […]
By Adam Malik | February 16, 2021
3 min read
A B.C. broker has been fined $7,000 and had his licence suspended for a year for his role in a “grey market” scheme to circumvent a ban on selling new luxury cars directly to used vehicle dealerships. Anthony Bryan Chua Cua collected more than $24,000 in broker commissions from the province’s public auto insurer after […]
By David Gambrill | February 16, 2021
EDMONTON – Alberta and the federal government say another $400 million in funding is available to help clean up inactive oil and gas sites in the province. The money includes $100 million for clean up in Indigenous communities. The rest of the money is to go to oil and gas producers who paid for closure […]
By Jason Contant | February 16, 2021
1 min read
Property and casualty insurance industry employers need to work with staff to set clear expectations when it comes to setting up a working-from-home policy, says an insurer executive. Done correctly, P&C employers can see a boost in productivity and employee engagement as a result, said Heather Masterson, president and CEO of Travelers Canada. Offering remote […]
By Adam Malik | February 12, 2021
In the midst of a hard market in several Canadian commercial insurance lines, several senior Canadian broker executives are urging underwriters not to substitute data and analytics entirely for their own good judgment about what constitutes a good or a bad risk. “The Canadian economy is dependent on certain industries,” president and CEO of Marsh […]
By David Gambrill | February 12, 2021
HOPE, B.C. – Police say a crash that killed one person and injured dozens more east of Vancouver on Wednesday began with a semi-truck stopped in the S-curves on a mountainous highway that was covered in glare ice. The RCMP said Thursday that by the time an officer arrived, a pickup truck had collided with […]
By Jason Contant | February 12, 2021
2 min read
Brokers looking for growth opportunities should pay closer attention to the social media influencer market, an expert in the field recommends. It’s a multi-billion-dollar industry and has only continued its rapid rise during the pandemic, according to Meghan Argier, media and entertainment underwriter at Beazley Canada. And there are plenty of risks to which clients […]
By Adam Malik | February 11, 2021
More mergers and acquisitions (M&A) activity between managing general agencies (MGA) is likely in the future, since private equity is focusing on this sector, giving MGAs the fiscal tools to make acquisitions, the president and CEO of one MGA told Canadian Underwriter recently. M&A “will allow acquiring [and] merging players to grow their volumes and […]
By Jason Contant | February 11, 2021
OTTAWA – Complaints of workplace harassment and violence have risen sharply at several federal departments and agencies in recent years, according to internal data. The Canada Revenue Agency (CRA) saw harassment complaints jump 82 per cent to 166 between 2016-17 and 2018-19. The RCMP says it received 1,132 harassment complaints over a five-year period, with […]
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