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business interruption


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This is what your cyber policies should focus on

February 1, 2018 by Jason Contant

Business interruption should be the focus of cyber insurance policies nowadays, Lindsey Nelson, international cyber team leader with CFC Underwriting, said to Canadian Underwriter in an interview on Monday. “I think it might be a matter of insurers are really

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Where you will find your next commercial cyber clients

January 29, 2018 by Jason Contant

Cyber insurance is evolving into the non-privacy space, with insurers moving more into business interruption coverage, Catherine Evans, vice president of Marsh Canada,  told Canadian Underwriter Monday. “Insurers are pushing more into the areas where it’s really more of an

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Your commercial client’s biggest exposure in 2018

January 19, 2018 by Jason Contant

Business interruption will be the top risk for companies in Canada this year, according to Allianz Global Corporate & Specialty’s (AGCS) Allianz Risk Barometer 2018. “Business interruption (BI) can be a consequence of many of the other risks identified in

News InsuranceMarkets / CoveragesTechnology

Questions for brokers to ask clients about cyber insurance

January 17, 2018 by Jason Contant

Serge Solski, principal at AdviseAware Risk Consulting, advises brokers and other clients about technology risks — including cyber risks and coverage. He spoke to Canadian Underwriter Monday about some questions that brokers should be asking their clients to help understand

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Pressure Change

October 11, 2017 Emily Atkins, Editor

Risk barometer reflects evolving threats to business

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Guidewire’s planned acquisition of Cyence to help p&c clients deal with 21st-century risks

October 10, 2017 by Canadian Underwriter

Guidewire Software, Inc.’s planned acquisition of Cyence Inc. will ensure Guidewire clients can access a cloud-based data listening and risk analytics solution to help them manage emerging risks for which long claims histories may not be available. California-based Guidewire Software,

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Cyber attacks among polled U.S. business costing at least US$5,000

October 2, 2017 by Canadian Underwriter

Seven in 10 of the surveyed U.S. businesses that experienced a cyber attack in the last year spent in excess of US$5,000 to investigate each incident, restore or replace software and hardware, and address any other consequences. However, 38% of

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8.5 million properties in Florida at significant risk of potential wind damage from Hurricane Irma: CoreLogic

September 8, 2017 by Canadian Underwriter

Nearly 8.5 million residential and commercial properties in Florida are at either “extreme,” “very high” or “high” risk of wind damage from Hurricane Irma, new data from CoreLogic shows. According to data analysis from the global property information, analytics and

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Hurricane Harvey likely to be one of the costliest natural disasters on record for U.S. economy: Aon Benfield

September 8, 2017 by Canadian Underwriter

Hurricane Harvey is likely to be one of the costliest natural disasters on record for the economy of the United States, with damage from the hurricane to minimally cost tens of billions of dollars, Aon Benfield has reported. Impact Forecasting,

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B.C. tourism industry taking major hit due to wildfires

August 31, 2017 The Canadian Press (CPSTF)

KAMLOOPS, B.C. – British Columbia’s tourism industry is taking a hit with businesses reporting rising cancellations and decreased traffic over fears of wildfires. Maya Lange with Destination BC, the province’s tourism planning and marketing corporation, said Wednesday preliminary results from a survey of businesses in the Kootenay-Rockies region found that 32 per cent are anticipating losses due to perceptions of the fires.
“We are very concerned. Just looking at the volume of visitation and the volume of trips that are taken by British Columbian…

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Insured losses from Harvey’s wind, storm surge as much as US$2.3 billion: AIR Worldwide

August 29, 2017 by Canadian Underwriter

Harvey-related winds and storm surge in Texas are expected to produce industry insured losses amounting to between US$1.2 billion and US$2.3 billion, AIR Worldwide reported Monday afternoon as flooding in southeastern Texas continued to strand residents and wreak havoc. Included

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Insured costs for Cyclones Debbie and Cook in New Zealand upgraded to NZ$109 million from NZ$84 million in June

August 28, 2017 by Canadian Underwriter

The Insurance Council of New Zealand (ICNZ) has upgraded the insured costs associated with Cyclones Debbie and Cook to NZ$109 million from the NZ$84.4 million estimate in June. The two cyclones swept through New Zealand during April (Cyclone Debbie from