Keyword
cyber
Who are the ‘right people’ to respond to cyber incidents?
April 19, 2018 by Greg MeckbachProperly-trained employees are critical to managing cyber risk, especially with the nation-wide breach reporting law taking effect this fall, brokers and risk consultants told insurance professionals at a recent conference. On November 1, several new sections – including one mandating…
How to build a best-in-class cyber risk plan
March 23, 2018 by David GambrillYour commercial client is looking to put together a best-in-class risk management plan for dealing with a cyber event. What’s the first thing they need to do? “An ideal plan starts with developing a team,” says Ruby Rai, manager of…
New data requirements will make cyber coverage mandatory
March 12, 2018 Heather SandersonEnacted by the European Parliament to simplify business rules for companies operating in the EU market and to strengthen the privacy rights of EU citizens, the General Data Protection Regulation (GDPR) comes into effect May 25, 2018. When it comes…
The meeting that every risk manager should have
March 6, 2018 by Greg MeckbachRisk managers concerned about insurance exclusions should consider asking their brokers to brief senior managers explaining what exactly the insurance covers and what it excludes, a Willis Towers Watson executive advises. Steve Sachs, co-chair of the Willis Towers Watson Real…
The Latest Opportunity in Cyber Coverage
February 12, 2018 Eduard Goodman, Global Privacy Officer, CyberScoutCanadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.
Invasion of privacy class-action against Equifax proceeds in Ontario
February 1, 2018 by Greg MeckbachA class-action lawsuit arising from last year’s Equifax cyber breach is proceeding in Ontario on the basis of a new invasion-of-privacy tort that has caught the eye of Canada’s property and casualty insurers because it allows courts to award damages…
Wireless Working, Part III: The four-letter acronym every broker should know
January 30, 2018 Greg Meckbach, Associate EditorBrokers working on customer files over wireless computer networks at work need to be on guard, because hackers can listen in on insecure networks. If you’re working from a laptop or tablet and connecting to the corporate computer network using…
Wireless Working, Part II: Why cyber criminals love free WiFi
January 29, 2018 Greg Meckbach, Associate EditorFree WiFi offered at coffee shops, hotels and airports should pique the interest of brokers – and not just because brokers and their clients can work remotely in these locations for free. The technology does not come risk-free. WiFi technology…
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…