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Canada
200-year loss scenario from flood in Canada could produce insured losses of $5.7 billion: Swiss Re
June 15, 2016 by Canadian UnderwriterFlood is clearly the number one peril in Canada, with Swiss Re estimating that a “perfect storm” flood scenario would result in economic losses of $13.8 billion and insured losses of $5.7 billion. Developed using the company’s new probabilistic flood…
Shift in terrorist tactics, targets in the West demands change in attitude
June 10, 2016 by Angela StelmakowichA shift in terrorist tactics and targets in Western countries may come down to efficiency – from the perspective of terrorists – but should encourage governments and businesses to enhance security in busy public places, suggests Andrew Majoran, lead terrorism…
Human error seen as leading cause of information security breaches for small businesses: Canadian survey
May 31, 2016 by Canadian UnderwriterNot enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian…
XL Catlin adds rectification expense cover to contractor’s professional and pollution legal liability insurance
May 30, 2016 by Canadian UnderwriterContractors and environmental consultants in Canada and the United States now have access to enhanced protection under XL Catlin’s contractor’s professional and pollution legal liability insurance with the addition of rectification expense coverage. Standard professional liability coverage addresses third-party claims…