Industry
Saint John, N.B., is rebuilding its computer network rather than submitting to criminals who launched a cyber attack against the city in November. City manager John Collin updated council Monday on the city’s efforts to rebuild its IT system following a ransomware attack; he said no ransom was paid. Hackers launch ransomware attacks by infecting […]
By Jason Contant | January 15, 2021
2 min read
Expanded opportunities for digital transformation are one of the key reasons behind Westland Insurance Group Ltd.’s recent acquisition of Storm Insurance Group, Westland told Canadian Underwriter Tuesday. British Columbia-based Westland closed its acquisition of Storm Jan. 7. Storm operates under several brands, including retail brokerages A.P. Reid, Sheppard and Axxium; group brokerage MyGroup; MGA Agile […]
By Jason Contant | January 14, 2021
3 min read
Many brokers and insurers are treating cyber coverage the same way they would a generic home, auto or CGL cover, a cyber expert warns, and this is not only eroding the trust of clients, but also putting them at risk. Matt Cullina, managing director of global markets at CyberScout, says he’s seeing many antiquated cyber […]
By Adam Malik | January 14, 2021
HALIFAX – On the factory floor, masks were optional. Until last month, workers at TEC Business Solutions’s corrugated packaging plant in Mississauga, Ont. underwent a COVID-19 screening, had a temperature check and sanitized their hands – but once inside and at their own stations, they could remove their masks. “It gets really warm in there […]
4 min read
A new year brings new faces in new positions and the P&C insurance industry was no exception. NFP formed a new group with two veteran leaders, while Allianz Global Corporate & Specialty and Chubb Canada made new appointments. Brokerage NFP announced Evan Garner and Joe Seeger joined the company as managing directors and will lead […]
By Adam Malik | January 13, 2021
Brokers of all stripes have been especially taxed since the start of the COVID-19 pandemic, so it’s especially important to make the time to find opportunities to take a break, advised a national brokerage leader. Tina Osen, president of Hub International Canada, says brokers need to put value into finding the time to step away […]
VANCOUVER – The latest wicked weather to sweep across southern British Columbia downed trees and power lines in many areas and left thousands in the dark. Environment Canada says wind gusts topped 100 km/h in Victoria and the eastern Fraser Valley at the height of the storm early Wednesday. It had moved into the southern […]
By Jason Contant | January 13, 2021
1 min read
With much focus placed on commercial cyber insurance, not enough attention has been directed to personal customers and making sure they’re protected — and know what to do — when a cyber event hits them. And insurers are the key to moving this forward. Businesses have been wrestling with cyber risk management and how to […]
By Adam Malik | January 12, 2021
Canadian customers may have been slower to adopt to digital options when it comes to insurance in the past but one insurer executive expects the tables to turn rather quickly, predicting half of its customers buying insurance online in the next few years. The Canadian Council of Insurance Regulators issued a report close to the […]
REGINA – A report from Saskatchewan’s privacy commissioner says more than 500,000 files with personal information could have been exposed in a ransomware attack on the province’s electronic health information network. The office started an investigation into the December 2019 cyberattack about a year ago. It says the attack resulted in one of the largest […]
By Jason Contant | January 12, 2021
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