Industry
One cyber insurance specialist is warning brokers and clients of a ransomware attack method that subverts common cybersecurity controls by tricking victims into phoning a call centre – rather than clicking a link – and instructing them to download malicious software to infect their own computers. “Making the victim do all the heavy lifting is […]
By Jason Contant | July 28, 2022
4 min read
Attracting and retaining IT and digital talent remains the biggest challenge for companies around the world, and it’s an even bigger problem for employers than it was in 2021, according to a recent survey from WTW. IT/digital talent remains the top employee group posing a challenge for attraction (75%) and retention (59%), said WTW’s July […]
By Jason Contant | July 27, 2022
3 min read
OTTAWA – Hockey Canada says it has paid out $7.6 million in nine settlements related to sexual assault and sexual abuse claims since 1989, with $6.8 million of that related to serial abuser Graham James. The hockey governing body has been under fire since it was revealed the money in its multimillion-dollar National Equity Fund […]
1 min read
Length of rental (LOR) for collision replacement-related rentals in Canada jumped nearly six days year-over-year, driven in part by ever-changing parts availabilities and repair backlogs, said car rental agency Enterprise Rent-A-Car. The overall Canadian LOR was 16 days in 2022 Q2, an increase of 5.8 days from 2021 Q2 and almost a full day (+0.9) […]
By Jason Contant | July 25, 2022
The out-of-control wildfire burning near Lytton, B.C. shows the community and its surrounding area are at high risk of repeated fires, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). The Nohomin Creek wildfire about 1.7 kilometres northwest of Lytton is estimated to be larger than 2,200 hectares as of Friday […]
By Jason Contant | July 22, 2022
ST. JOHN’S, N.L. – About 37,800 people in Newfoundland and Labrador have been sent privacy breach notices stemming from a cyberattack last year on the province’s healthcare system, a spokesperson with the Eastern Health authority said Thursday. The letters were sent to clients as well as to current and former employees to notify them that […]
2 min read
New regulations outline capital requirements for Canadian property and casualty insurers and reinsurers under IFRS 17
By Phil | July 21, 2022
BROSSARD, Que. – Quebec provincial police say two people are dead and 10 injured after a multi-vehicle crash Tuesday night on Highway 30, south of Montreal. Police say the driver of a truck allegedly did not slow down when approaching a construction zone around 10:30 p.m. near the exit for Grande-Allee Blvd. and rammed seven […]
By Jason Contant | July 21, 2022
A motor vehicle accident victim can proceed with her personal injury claims after British Columbia’s Civil Resolution Tribunal (CRT) found the provincial public auto insurer made an “explicit promise” not to be bound by the two-year limitation period to start a claim. CRT vice chairwoman Andrea Ritchie pointed to the legal principle known as promissory […]
Manitoba Public Insurance (MPI) is requesting a small average auto insurance rate decrease, its fourth consecutive annual rate-decrease request. It filed a provisional 2023/24 general rate application with Manitoba’s Public Utilities Board last week, requesting an average rate decrease for consumers of 0.9%. MPI attributed its latest request primarily to “emerging claims trends and the […]
By Jason Contant | July 20, 2022
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