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Canada second most expensive country for data breaches: IBM and Ponemon Institute study

June 20, 2017 by Canadian Underwriter

Canada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday,

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IT decision makers, C-suite executives each believe the other is responsible for cyber breaches: study

February 10, 2017 by Canadian Underwriter

IT decision makers and C-suite executives each believe the other is responsible in the event of a cyber breach, according to new research from BAE Systems, a provider of technology defence, aerospace and security solutions. According to BAE Systems’ 2017

News CatastrophesCommercial LinesInsurancePersonal Lines

U.S. severe weather, flooding leads to billion-dollar cost for insurance industry in January: Aon Benfield

February 9, 2017 by Canadian Underwriter

Major severe weather and flood events in the United States in January led to billion-dollar cost for the insurance industry, according to Aon Benfield’s latest Global Catastrophe Recap. The January report noted that separate major severe weather outbreaks swept across

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Sea kidnappings rise in 2016 despite plummeting global piracy, report says

January 10, 2017 by Canadian Underwriter

More crew members were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998, the International Chamber of Commerce’s International Maritime Bureau (IMB) reported on Tuesday. In its