Keyword
cyber
Wireless Working, Part I: Risks of working from home
January 26, 2018 Greg Meckbach, Associate EditorWorking from home and using a wireless Internet router calls for special security precautions on the part of brokers and other business employees, creating an opportunity for brokers to advise commercial clients about their risk and insurance needs. Many insurance…
Your commercial client’s biggest exposure in 2018
January 19, 2018 by Jason ContantBusiness 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…
Second-generation cyber policies tackle personal injury, property damage
January 11, 2018 by Jason ContantCyber insurance policies are now evolving to the point where they are starting to tackle personal injury and property damage, Brian Rosenbaum, national director, legal and research practice with Aon Risk Solutions Canada, told Canadian Underwriter on Tuesday. Known in…
2018 Outlook: David Levinson, President, Chief Agent, Zurich Canada
December 29, 2017 David LevinsonAs 2018 begins, capital remains at the forefront in Canada. An active hurricane season in the United States will cause insurance carriers to look at their own exposures here in Canada, including earthquakes, fires, and floods. This may cause property…
Keeping Pace
December 20, 2017 Jason Contant, Online Editor; and Angela Stelmakowich, EditorChanges to Canada’s property and casualty insurance industry continue to keep industry players on their toes. Be it traditional matters like catastrophe losses, or emerging trends and risks for which little history is available, professionals must remain alert to how many risks can develop and how quickly they can transform.
Uber privacy breach could affect 815,000 Canadians
December 12, 2017 Ian Bickis - THE CANADIAN PRESSCALGARY – Uber Canada said late Monday that 815,000 Canadian riders and drivers may have been affected as part of its worldwide data breach announced in November. The disclosure came the same day the federal privacy commissioner said it had…
Are your clients covered for social engineering fraud?
November 27, 2017 Greg Meckbach, Associate EditorBrokers 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…
A broker’s guide to cyber insurance
November 23, 2017 Jason Contant, Online EditorGiven the “fairly fluid coverage situation” in the cyber insurance market, it’s imperative for brokers to educate themselves about the array of available cyber products to establish the right limits of cover for their clients. “I think brokers struggle with…
Cryptojacking: the latest cyber risk
November 21, 2017 Aleksandra Sagan - THE CANADIAN PRESSVANCOUVER – Anyone casually surfing the internet at home can be deployed as an unwittingly productive member of a hacker’s workforce, a practice known as “cryptojacking” that is on the rise. Internet sleuths have discovered malicious code on the websites…
New policy designed to simplify cyber risk management
November 14, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) has launched a cyber insurance product in Canada that combines cyber liability and breach response coverage with risk management resources for commercial enterprises and financial institutions. “Our new policy simplifies the complex endeavour of managing…
Cyber influence on insurer ratings mostly gradual: Fitch
November 13, 2017 by Canadian UnderwriterThe influence of cyber risk on insurer ratings is likely to be gradual, Fitch Ratings has reported. Cyber insurance represents a relatively small percentage of insurers’ business and insurers are taking a cautious approach to growing coverage, given the uncertainty…
CFC launches revamped proposition for tech companies worldwide
October 24, 2017 by Canadian UnderwriterLondon-based CFC Underwriting is looking to beef up protection against the emerging risks that technology companies around the world face with the launch of a revamped insurance proposition. “The risks faced by tech businesses are changing as rapidly as technology…