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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
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
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 […]
2 min read
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 […]
1 min read
Don’t have a brokerage blog? You should get on that. Businesses with blogs produce 67% more leads per month, according to Demand Metric; and HubSpot customer data found they get 55% more visits to their websites than businesses without blogs. Blogs are important because of what’s called search engine optimization (SEO), said Richard Heft, president […]
By Phil | November 3, 2021
Canada’s existing privacy regulations – including federal law and province-specific legislation in Quebec, British Columbia and Alberta – can’t keep up with changing technology and are due for an update, said panellists at an Insurance Bureau of Canada regulatory affairs symposium. What’s more, Quebec recently passed Bill 64, which INQ Law partner David Goodis described […]
As employees increasingly return to the physical office in one form or another, one thing is certain: it will be tough to satisfy everyone and there will always be employees who want or need something else. So, what’s a leader in Canada’s property and casualty insurance industry to do? An author for a recent Harvard […]
By Jason Contant | November 3, 2021
VICTORIA – Public sector organizations in British Columbia must do more to strengthen their fraud risk assessment and management practices, says auditor general Michael Pickup. A survey of 140 public sector organizations, including ministries, Crown corporations and post-secondary institutions, found that more than half are not doing enough to protect against fraud, he said Tuesday […]
If you serve High Net Worth (HNW) clients, you don’t need to be told that serving this segment often requires a velvet touch. They are often aware of the value of their business and expect priority concierge type service. Here are three ways to make sure you’re fulfilling their expectations and building a long-lasting relationship. […]
November 3, 2021
Losses caused by cyber wars – and widespread outages of electricity and telecommunications – are essentially uninsurable, Munich Re experts suggest. “Historically, in property insurance, damages caused by war have been seen as uninsurable,” said Tim Zeilman, vice president and global product owner-cyber, Hartford Steam Boiler, during an A.M. Best Company Inc. webinar. “I think […]
By Greg Meckbach | November 2, 2021
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