Topic
Markets / Coverages
What you need to know about the evolution of ransomware
April 14, 2018 by Jason ContantBrokers need to stay on top of constantly emerging cyber threats, as cybercriminals continue to adapt their techniques, particularly around ransomware. Criminals are still very successful, says Matt Hartley, vice president of global services and intelligent engineering with cybersecurity company…
Insuring your client’s reputation against cyber breach? Good luck with that.
April 14, 2018 by David GambrillBusinesses 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…
“Mysterious swarm” of earthquakes rattles New Brunswick village again
April 13, 2018 Kevin Bissett - THE CANADIAN PRESSMCADAM, 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…
Aviva just embedded earthquake coverage into B.C. home policies. Quebec could be next.
April 12, 2018 by Jason ContantAviva 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…
Ashley Madison may provide clue to regulations around data breach disclosure
April 12, 2018 by Jason ContantThe 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?…
Mandatory breach requirements effective November 1. Here’s what to do.
April 11, 2018 by Jason ContantWith 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.…
Cybercriminals are infiltrating software vendors, launching supply chain attacks
April 11, 2018 by Jason ContantCybercriminals 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,…
Nova Scotia freedom of information website hacked
April 11, 2018 The Canadian PressHalifax 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…
How blockchain will put pressure on broker commissions in 3-5 years
April 10, 2018 by David GambrillBlockchain 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…
Tenant insurance too expensive at $15 per month, renters say
April 10, 2018 by Jason ContantDespite 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,…
New approach to testing older drivers prompts accusations of age discrimination
April 10, 2018 Dirk Meissner - THE CANADIAN PRESSVICTORIA – 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…
Peace Hills Insurance extends partnership with DAS Canada on Legal Expense Insurance (LEI)
April 10, 2018 Peace Hills InsuranceEDMONTON, 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,…