Industry
Brokerage Wilson M. Beck Insurance Services (WMB) has officially opened the doors to a new specialty entity in Vancouver. Wilson M. Beck Insurance Services (Specialty) Inc., or WMB Specialty, will operate as a commercially-focused insurance brokerage as part of the Wilson M. Beck Group, WMB Specialty managing partner Victor Lange tells Canadian Underwriter in an […]
By Jason Contant | January 28, 2022
2 min read
The Financial Services Regulatory Authority of Ontario (FSRA) is actively supervising insurers on its “take-all-comers” guidance. “We’re requiring them to review their practices. We’re requiring them to report on this review later in [2022], and to establish remediation plans for any practices where there are breaches,” FSRA CEO Mark White said during the first-ever 2022 […]
4 min read
HALIFAX – Environment Canada is warning residents of the Maritimes to prepare for power outages as a major winter storm – the fourth this month – is expected to lash the region Saturday with blowing snow, freezing rain and howling winds. Rain and winter storm warnings have been issued for all of Nova Scotia, where […]
You can’t light them on fire. A tornado can’t blow them away. They won’t rot of mold when wet. Still, damage to intangible assets, like brand recognition and reputation, can harm a business as much as the destruction of a physical asset. “On average, more than 25% of a company’s market value is directly attributable […]
By Phil | January 27, 2022
3 min read
Sadly, many of your clients will have fallen victim to cybercrime over the past couple of years – their data held hostage, systems suspended, or payments redirected by some faceless criminal halfway around the world. Worse, despite the clear benefit of cybercrime policies, there are many businesses — small- to medium-sized enterprises (SMEs) in particular […]
Close to half (45.1%) of private insurance company car theft claims in Canada during 2021 were linked to SUVs, says data compiled by price-comparison website HelloSafe. The data found approximately 22,500 cars stolen nationwide in 2021 and that the most stolen make and model was the 2018 Lexus RX. That left private insurance companies on […]
1 min read
With environmental, social and governance (ESG) awareness on the rise, insurance companies are starting to hold difficult conversations with their long-standing carbon-producing partners, said three P&C insurance company executives during a Canadian Underwriter webinar on Jan. 25. In compliance with the federal government mandating all financial services to come up with carbon reduction metrics by 2030 […]
By Alyssa DiSabatino | January 27, 2022
Humans weren’t the only ones impacted by the pandemic. The buildings in which we work and live have been subjected to some neglect and we are likely to start seeing the effects of this as we return to our pre-pandemic usage patterns. Unlike our homes, which have undergone increased wear and tear with our constant […]
By Phil | January 26, 2022
Claims adjusting firm Sedgwick has appointed Mandy Yousif as director of investigation services in Canada. Ontario-based Yousif will lead Sedgwick’s new research and intelligence division for Canada. Sedgwick’s research and intelligence division allows its team of certified experts to provide services such as due diligence investigations, evidence gathering for pre-trial civil and criminal matters, asset […]
By Jason Contant | January 26, 2022
Your small business clients have a significant susceptibility to spoofing and clickjacking cyberattacks, a new survey finds. Software-as-a-service (SaaS) cybersecurity company CyberCatch randomly sampled 1,850 small- and medium-sized businesses (SMBs) in Canada across 10 industry segments. Spoofing (84.3% of SMBs vulnerable), clickjacking (73.3%) and sniffing (26.8%) were the Top 3 vulnerabilities for SMBs in their […]
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