Canadian Underwriter

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Markets / Coverages


News InsuranceMarkets / Coverages

Insuring your client’s reputation against cyber breach? Good luck with that.

April 14, 2018 by David Gambrill

Businesses wishing to insure their brand reputations against a cyber breach are going to find a hard time finding policies to cover that. “This is a huge area of concern for insurance,” says Catherine Evans, vice president-FINPRO at Marsh Canada

News InsuranceMarkets / Coverages

“Mysterious swarm” of earthquakes rattles New Brunswick village again

April 13, 2018 Kevin Bissett - THE CANADIAN PRESS

MCADAM, N.B. – Two years after a mysterious “swarm” of earthquakes rattled homes and nerves in a New Brunswick village, they’ve started up again. Earthquakes Canada has recorded 22 earthquakes in New Brunswick over the last 30 days, with most

News InsuranceMarkets / CoveragesProducts

Aviva just embedded earthquake coverage into B.C. home policies. Quebec could be next.

April 12, 2018 by Jason Contant

Aviva Canada is embedding earthquake coverage in all of its homeowner and tenant insurance policies in British Columbia, coverage that is typically offered as an endorsement. The insurer is also conducting a needs analysis to determine if it will introduce the

News Legislation / RegulationMarkets / CoveragesTechnology

Ashley Madison may provide clue to regulations around data breach disclosure

April 12, 2018 by Jason Contant

The upcoming mandatory requirement to disclose data breaches will help address some of the anxieties that Canadians have about cybersecurity and data protection, and may prescribe some precautions that organizations can take for remediation. What would these precautions look like?

News Legislation / RegulationMarkets / CoveragesTechnology

Mandatory breach requirements effective November 1. Here’s what to do.

April 11, 2018 by Jason Contant

With mandatory breach notification requirements coming into effect on November 1, Canadian businesses will need to focus on two factors to prepare: 1) a risk assessment, and 2) determining the decision makers in the company and a breach response plan.

News InsuranceMarkets / CoveragesTechnology

Cybercriminals are infiltrating software vendors, launching supply chain attacks

April 11, 2018 by Jason Contant

Cybercriminals are moving into the terrain of supply chain attacks, masquerading as signed apps, and using ransomware as a distraction to steal money from the network. Each of these are “interesting new areas” that cybercriminals may exploit in the future,

News Markets / CoveragesTechnology

Nova Scotia freedom of information website hacked

April 11, 2018 The Canadian Press

Halifax police have arrested a suspect after the Nova Scotia government’s freedom-of-information disclosure web portal was breached. The government said Wednesday about 7,000 documents were inappropriately accessed between March 3 and March 5. Its admission came nearly a week after

News InsuranceMarkets / CoveragesTechnology

How blockchain will put pressure on broker commissions in 3-5 years

April 10, 2018 by David Gambrill

Blockchain is going to put pressure on broker commissions and fundamentally change the way the broker channel does business over the next three to five years, says a past Marsh Canada national executive and management committee member. Blockchain will reduce

News InsuranceMarkets / Coverages

Tenant insurance too expensive at $15 per month, renters say

April 10, 2018 by Jason Contant

Despite the fact that premiums start as low as $15 per month, nearly half of consumers polled by insurance comparison site Kanetix.ca reported that they couldn’t afford renter’s insurance. Last month, Kanetix.ca conducted a Google Survey of 1,000 Canadian renters,

News Markets / Coverages

New approach to testing older drivers prompts accusations of age discrimination

April 10, 2018 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Frank Harding is 98 years old and most days he drives his 1990 Volvo sedan to the Comox Recreation Centre where he works out. One summer, the resident of Courtenay, B.C., said he drove across Canada four times

insPRESS AnnouncementsInsuranceLegalMarkets / Coverages

Peace Hills Insurance extends partnership with DAS Canada on Legal Expense Insurance (LEI)

April 10, 2018 Peace Hills Insurance

EDMONTON, April 10, 2018 /insPRESS/ – Peace Hills Insurance announced on April 1, 2018 that it has extended its partnership with DAS Canada to offer Legal Expense Insurance (LEI) to Homeowner, Condo, and Tenant policyholders in British Columbia, Saskatchewan, Manitoba,

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

BMS integration key priority for Wawanesa’s new Canadian P&C president

April 7, 2018 by Jason Contant

Broker management system (BMS) integration with the back-end systems of Wawanesa Mutual Insurance Company is a top priority for the company’s new president of Canadian P&C operations. Carol Jardine told Canadian Underwriter that a lot of the groundwork has been