Topic
Technology
Global cybersecurity market to grow from US$122.45 billion to US$202.36 billion by 2021: report
August 10, 2016 by Canadian UnderwriterThe global cybersecurity market is set to grow from US$122.45 billion in 2016 to US$202.36 billion by 2021 at a compound annual growth rate (CAGR) of 10.6%, according to a recent report from Research and Markets. The Cyber Security Market…
Drones get nod of approval for use in fighting British Columbia wildfires
August 9, 2016 The Canadian PressVANCOUVER – Drones are about to be added to the firefighting arsenal of the B.C. Wildfire Service. Spokeswoman Erin Catherall says the service has conducted two seasons of trials and is ready to put the remotely controlled aircraft to work.…
Worldwide information security spending to grow 7.9% this year to reach US$81.6 billion: Gartner
August 9, 2016 by Canadian UnderwriterWorldwide spending on information security products and services will reach US$81.6 billion this year, an increase of 7.9% over 2015, according to the latest forecast from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn. Consulting…
Canadian companies likely to pay ransomware demands, among highest for lost revenue and business interruption, international study finds
August 4, 2016 by Canadian UnderwriterCompanies in Canada are most likely to pay ransomware demands and are ranked among the highest for lost revenue and business interruption, according to an international study of 5,400 IT staff across Canada, the United States, the United Kingdom and…
Allianz Global Corporate & Specialty launches cyber and professional liability coverage for North America
August 4, 2016 by Canadian UnderwriterAllianz Global Corporate & Specialty (AGCS) has announced the launch of a new cyber and professional liability coverage product designed exclusively for the North American market. Featuring a streamlined form structure with flexible terms, ACCEPT Protect is the “first of…
Waterloo, Ont.’s Lackner McLennan acquires Erb and Erb Insurance Brokers
August 2, 2016 by Canadian UnderwriterLackner McLennan Insurance Ltd. announced on Tuesday that it has acquired Erb and Erb Insurance Brokers Ltd. Waterloo, Ont.-based Lackner McLennan (LMI) said in a press release that the acquisition occurred on Friday. Kitchener, Ont.-based Erb and Erb and Lackner…
Drivers still liable in accidents, even in near driverless cars, says Canadian law firm Borden Ladner Gervais
August 2, 2016 Terry Pedwell - THE CANADIAN PRESSOTTAWA – Until Canadians own cars that truly drive themselves, they can forget getting off the legal hook if they’re in an accident with a vehicle that still has a steering wheel, suggests a report from Canada’s biggest law firm.…
Capitalizing on Analytics
August 2, 2016 Angela Stelmakowich, Editor; and Jason Contant, Online EditorTime will bring more and more data. But to truly understand and reap the benefits, information needs to be properly analyzed. First-movers are expected to realize the biggest advantage and chart their future paths.
Saskatchewan Government Insurance notifies customers of a privacy breach
August 2, 2016 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) has notified customers of a privacy breach by an employee at an independent motor licence issuing office in Vonda, Sask. SGI, Saskatchewan’s self-sustaining auto insurance fund, said in a press release on Friday that their investigation…
Total Recall
August 1, 2016 Marcos Garcia Norris, Regional Practice Leader, Crisis Management, North America, Allianz Global Corporate & SpecialtyIn the digital age, sharing responsibility for automotive recalls among owners, vehicle manufacturers and dealers is important to ensure as timely and effective a response as possible. To make that happen, it may be time to adopt and make mandatory some basic measures in the car ownership process.
Flood Risk Canada launches live flood sensory system
July 29, 2016 by Canadian UnderwriterFlood Risk Canada, Inc. (FRC) has announced that it will be launching a new flood risk monitoring and prevention tool called “flood sensory system.” Deployed in floodways, the system monitors and alerts on the current water level activity, wind speed…
The Co-operators reports net loss of $39.1 million in 2016 Q2 for Co-operators General Insurance Company
July 29, 2016 by Canadian UnderwriterCo-operators General Insurance Company, part of The Co-operators Group, took a hit from the devastating Fort McMurray wildfire, reporting a consolidated net loss of $39.1 million for 2016 Q2 compared to a net income of $58.2 million for 2015 Q2.…