Industry
Correction: This story has been changed to reflect new information. The survey had 491 respondents rather than 1624, and the percentages of renters with insurance was 65% in Quebec, vs. 46% in the rest of Canada, rather than 48% vs. 28% as previously reported. Canadian Underwriter regrets the error. If your client is a renter, […]
By Alyssa DiSabatino | January 11, 2022
3 min read
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Authors: Dina Gaid, Post-doctoral fellow, School of Pharmacy, Memorial University of Newfoundland; Jennifer Donnan, Assistant Professor, School of Pharmacy, Memorial University of Newfoundland; Lisa Bishop, Associate […]
By Jason Contant | January 11, 2022
6 min read
Insurers need to consider the hybrid workforce and employees using personal devices when reviewing a cyber risk, a managing general agent says. “Multi-factor authentication is critical as… employees access work email and networks remotely, sometimes even through a web application on a personal device that is a non-corporate sanction,” says Danion Beckford, a professional liability […]
By Jason Contant | January 10, 2022
Navacord Corp. has just partnered with Group Lockhart Inc., PGI Financial, and Maritime Group Benefits. Navacord’s brokerages offer commercial and personal insurance, surety, employee benefits, and retirement consulting. Ontario-based Group Lockhart Inc. and PGI Financial specialize in local small- to mid-sized corporate clients in the hospitality and auto-dealership sectors. “The expertise and relationships that […]
By Alyssa DiSabatino | January 10, 2022
1 min read
VANCOUVER – Power has been restored in two Vancouver Island communities that lost electricity early last week as snow, ice and wind storms pounded parts of British Columbia, but forecasters warn another powerful system is on the way. BC Hydro says service was restored to the northwestern Vancouver Island villages of Tahsis and Zeballos late […]
2 min read
Greg Smith has been promoted to president of Crawford & Company, Canada. Smith’s 25-year tenure at Crawford began as director/manager of marketing. Prior to his promotion, he most recently held the positions of chief operating officer in 2021 and chief client officer in 2019. Smith will lead Crawford’s business operations throughout Canada in loss […]
By Alyssa DiSabatino | January 7, 2022
Cyber exposure is a bit of a moving target, and efforts to quantify the risk are challenging some of the underwriters in the business. “Cyber is fairly unique in that you are playing against a human adversary,” said Tim Zeilman, vice president and global product owner for cyber at Hartford Steam Boiler. “As the fences […]
By Phil | January 7, 2022
Westland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal and commercial insurance, including home, auto, boat, motorcycle, commercial auto, farm and contractors’ insurance, among […]
By Jason Contant | January 7, 2022
By Anne E. Kleffner, Professor, Risk Management and Insurance, University of Calgary and Mary Kelly, Chair in Insurance and Professor, Finance, Wilfrid Laurier University This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. The […]
5 min read
Canadian cyber insurance companies are now requiring businesses to offer multi-factor authentication (MFA) and have cybercrime/data breach response plans in place before qualifying for coverage. Prudent, since cybercrimes and ransomware attacks are on the rise – Canadians have lost $4.9 billion to ransomware attacks in the last year. As such, it’s essential to make […]
By Alyssa DiSabatino | January 6, 2022
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