Industry

Why cyber insurance companies are requiring businesses to use multi-factor authentication

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

3 min read

Pollution exclusion doesn’t apply to negligence case, court rules

An insurer’s duty to defend in a pollution exclusion case will depend on the cause of action, the Ontario Court of Appeal has ruled. For example, a pollution exclusion did not apply in a recent negligence lawsuit against a contractor who caused damage to a commercial building following a fatal chemical release. But the exclusion […]

By David Gambrill | January 6, 2022

3 min read

Public auto insurer’s Top 5 fraud cases of 2021

A phony kidnapping and a driver who was travelling nearly three times the speed he reported to investigators were among Manitoba Public Insurance (MPI)’s Top 5 auto fraud cases of 2021. Last year, MPI’s Special Investigation Unit (SIU) closed nearly 1,000 fraud investigations, resulting in a claims savings of about $14 million, MPI reported in […]

By Jason Contant | January 6, 2022

5 min read

Western Financial rings in New Year with acquisition

Western Financial Group began the New Year with the announcement that it has acquired a full-service brokerage located in southern Ontario. Western Financial’s latest acquisition of Wiesner Insurance Inc. “adds a significant commercial interest in Ontario,” the large brokerage said in a press release Tuesday, when it announced the deal. Originally founded in 1991 by […]

By Jason Contant | January 6, 2022

2 min read