Canadian Underwriter

Keyword
crime

News InsuranceRisk

Is your client properly insured for computer crime?

November 22, 2018 by Greg Meckbach

Brokers placing commercial insurance for the risk of theft should pay close attention to exclusions. Exclusions on some policies covering crime losses for financial institutions may be leaving a gap in cover computer crime, a new paper from Marsh Inc.

News Legislation / RegulationTechnology

How fear of ‘jackbooted brownshirts’ complicates cyber risk management

May 11, 2018 by Greg Meckbach

Managing the risk posed by the “dark web” is made all the more difficult by some people’s mistrust of police, a former top Royal Canadian Mounted Police officer suggested Thursday. “Cyber crime requires a different approach than just the preventative

News Markets / CoveragesTechnology

To cover or not to cover crime on a cyber policy

April 19, 2018 by Jason Contant

Do elements of cybercrime, such as social engineering fraud and phishing scams, belong on a traditional crime insurance policy or should they be part of a cyber policy? The answer to that question depends on which carrier you ask. “There’s

News InsuranceLegalLegislation / RegulationMarkets / CoveragesTechnology

Are your clients covered for social engineering fraud?

November 27, 2017 Greg Meckbach, Associate Editor

Brokers should not assume that a client who has bought a cyber or crime policy is covered for the risk of innocent employees who are duped into making fraudulent money transfers. ‘Social engineering fraud’ is a broad term describing scams

Feature InsuranceMergers and AqcuisitionsTechnology

Charting the Course

September 13, 2017 Fred Eslami, Senior Financial Analyst, A.M. Best Company

Cyber insurance seems like it is poised to go it alone. Growth of the line — currently in the United States and perhaps in future in Canada — is taking shape as a stand-alone offering. What are the benefits of such a move?

Feature ClaimsLegal

Held to Ransom

September 1, 2017 Graeme Newman, Chief Innovation Officer, CFC Underwriting

Ransomware is not new, but attacks are transforming in step with changing motivations. Businesses are advised to have in place precautions to thwart attacks when possible, complemented by cyber insurance should attackers manage to break through.

News InsuranceLegislation / RegulationMergers and AqcuisitionsProductsTechnology

ENCON Group announces standalone cyber policy for Canadian companies

June 16, 2017 by Canadian Underwriter

Canadian managing general agent (MGA) ENCON Group Inc. announced on Thursday the introduction of a standalone cyber insurance policy that provides coverage for network business interruption, ecommerce trading exposure, crime and intellectual property risks. Ottawa-based ENCON Group said in a

Feature Claims CanadaInsurance

Coverage for Social Engineering Fraud Takes its Place Among the Required Coverage for Canadian Business

January 23, 2017 David S. Wilson, partner; Chris McKibbin, partner; and Zack Garcia, associate, Fidelity Practice Group, Blaney McMurtry LLP

Standard crime insurance policies are not intended to cover social engineering fraud

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Chubb introduces insurance product for private Canadian companies

July 18, 2016 by Canadian Underwriter

Chubb Ltd. announced on Monday that it has launched a modular insurance policy designed specifically for Canadian privately owned companies. ForeFront Portfolio addresses the broad range of liability risks faced by Canadian private companies in an increasingly risky and litigious