Industry

Expert says N.L. cyberattack worst in Canadian history, deserves federal response

ST. JOHN’S, N.L. – The cyberattack that knocked down Newfoundland and Labrador’s health system data centres Saturday is a national security issue and should be treated as such by Ottawa, security experts say. David Shipley, chief executive officer of Beauceron Security in New Brunswick, called the attack the worst in Canadian history. Similar attacks have […]

By Jason Contant | November 5, 2021

4 min read

WICC’s 25th: Supporting the Science — Getting to Know Michael Butler

Editor’s Note:  In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care and research. In this second part of the series, there will be five stories. Canada’s […]

By Jason Contant | November 4, 2021

3 min read

Where the industry stands with OSFI’s redrafted reinsurance rules

When the Office of the Superintendent of Financial Institutions (OSFI) released its reinsurance discussion paper in 2018, it created quite a stir in Canada’s property and casualty insurance industry. The association representing Canadian P&C insurers, the Insurance Bureau of Canada (IBC), said at the time that insurers would need to post an additional $21-30 billion […]

By Jason Contant | November 4, 2021

2 min read

Average temperatures rising over last 60 years in Nova Scotia: study

HALIFAX – A study by two Nova Scotia biologists indicates average temperatures in the province have been trending upward for the last 60 years and have risen notably since 1998. Researchers at St. Francis Xavier University in Antigonish, N.S., analyzed Environment Canada data from 16 locations across the province to document temperature normals, which are […]

By Jason Contant | November 4, 2021

1 min read