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Chubb Insurance Company of Canada
Claims costs in oil and gas industry increasing despite downturn: forum speaker
November 2, 2017 Jason Contant, Online EditorDespite the downturn in the oil and gas industry, claims costs are increasing, a speaker said on Thursday at the Canadian Risk and Insurance Education Forum. “I would suggest that in the upstream oil and gas industry – where most…
Chubb’s multi-line practice to focus on large transportation clients in U.S. and Canada, help address wide range of risks
July 20, 2017 by Canadian UnderwriterChubb’s newly launched multi-line industry practice will focus on providing insurance products, service and risk management solutions for best-in-class large risk transportation clients in both the United States and Canada. The formalization of the practice, within the insurer’s Major Accounts…
Small firms wanting cyber coverage should “hold an inventory” of personally identifiable information: Chubb
March 3, 2017 Greg Meckbach, Associate EditorBodily injury and property damage exclusions in cyber insurance policies means the Internet of Things has “big implications” for organizations, while malware that existed unbeknownst to a user before binding a policy can mean a cyber incident is not covered,…
Berkshire Hathaway Specialty Insurance enters marine insurance market in Canada
January 10, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it is introducing inland and ocean marine insurance in Canada. John Evans, vice president of marine with BHSI, said in a press release that with Gord Rider, who was named senior…
Global commercial insurers operating in Canada join forces to form new association
July 18, 2016 by Canadian UnderwriterA number of foreign-owned commercial insurers operating in Canada have come together to form the Global Commercial Insurers Association (GCIA). The Toronto-based association will provide a platform through which foreign-owned commercial insurance carriers can become informed of current regulatory developments…
Loss of confidential information key to understanding interactions between crime and cyber coverage: conference speaker
May 2, 2016 Jason Contant, Online EditorThe loss of confidential information can be crucial to understanding the interactions between cyber and crime coverage, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Matthew Davies, assistant vice president of Chubb Insurance Company of Canada, said that…
Non-compliance with Payment Card Industry standard can result in host of issues for insurers: ICRMC speaker
April 4, 2016 Jason Contant, Online EditorFailure to comply with the Payment Card Industry (PCI) Data Security Standard can potentially result in a host of “nasty things” happening to those without coverage, attendees to the 2016 International Cyber Risk Management Conference (ICRMC) heard last week. Matthew…
Cyber insurance process becoming more rigorous for certain industry sectors, cyber risk conference hears
April 4, 2016 Jason Contant, Online EditorThe process to obtain cyber insurance may be more rigorous than it has been just a few years ago, even if it is a renewal, a speaker suggested last week at the 2016 International Cyber Risk Management Conference (ICRMC) in…