Industry
Environment Canada has issued a series of weather warnings for the Atlantic region, as a winter storm is expected to deliver an ugly mix of snow, rain, ice pellets and strong winds on Tuesday and Wednesday. Snowfall warnings are in effect for central and eastern New Brunswick, where between 15 and 30 centimetres of snow […]
By Jason Contant | February 1, 2021
1 min read
Leaders in the Canadian property and casualty insurance space need to create the “psychological safety” for employees to take time for lunch, including ensuring that workers don’t get penalized or are viewed as less productive for doing so. That was one the key messages from the Harvard Business Review blog Take Your Lunch Break!, posted […]
By Jason Contant | January 29, 2021
4 min read
The global COVID-19 pandemic has distinguished between cyber insurers who are serious about offering coverage, and those who were just hoping to ride the gravy train while times were profitable, according to one industry analyst. Cyberattacks have skyrocketed, in part due to government lockdowns that have caused many Canadians to work from home to prevent […]
By Adam Malik | January 29, 2021
2 min read
Insurance programs for connected and autonomous vehicles (CAV) in the United Kingdom may be applicable to Canada as well, according to a recent survey from Canada’s association of provincial insurance regulators. In the U.K., the Automated and Electrical Vehicles Act 2018 introduced the notion that an insurer can be held liable for a collision caused […]
By David Gambrill | January 29, 2021
There’s a fairly significant gap between what government agencies have to say about distracted driving and what data companies are able to capture, and that is playing a role in the ineffective portrayal and messaging around the seriousness of people using their phones while operating vehicles, according to a recent webinar panel. In 2019, about […]
By Adam Malik | January 28, 2021
MONTREAL – A new research centre created at Montreal’s Polytechnique university will aim to protect ships from pirates – and they’re not talking about Blackbeard or Captain Kidd. Canada’s Maritime Cyber Security Centre of Excellence will combine the expertise of two Polytechnique researchers, Quebec cybersecurity startup Neptune Cyber and Davie Shipbuilding. The five-year research project […]
By Jason Contant | January 28, 2021
3 min read
Slips and falls are not just an exposure for property managers and landlords. They are also a concern for aviation insurers. “Generally, aviation insurers are exposed to liability claims from passengers both while they are inside the airplane and also while they are at the terminals of departure or arrival. The carriers insure both operators […]
By Greg Meckbach | January 27, 2021
British Columbia is changing the way vehicle repair and replacement costs are paid in a move the province’s public auto insurer says will ensure all policyholders receive a consistent level of vehicle damage protection when they are not responsible for a crash. Under the new Basic Vehicle Damage Coverage (BVDC), changes will apply to crashes […]
By Jason Contant | January 27, 2021
The mental stress on property and casualty insurance professionals can be heavy in a normal year. But when the challenges of a global pandemic are added to the mix of handling the bad news phone calls day after day, it can be even tougher to manage mental health. Take frontline insurance professionals as an example, […]
By Adam Malik | January 27, 2021
THE HAGUE, Netherlands – Law enforcement authorities in several countries have joined forces to disrupt what they call one of the world’s most dangerous pieces of malware, one that allowed criminal gangs to install ransomware and steal data from computer users. European Union police and judicial agencies Europol and Eurojust said Wednesday that investigators took […]
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