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Simultaneous cyberattacks on multiple companies likely in 2017, financial services industry key concern: AIG study

May 11, 2017 by Canadian Underwriter

Nine in 10 global cybersecurity and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued on Wednesday by global insurer American International Group, Inc (AIG).

Feature Technology

Brokered Advance

April 1, 2017 Jason Contant, Online Editor; and Angela Stelmakowich, Editor

Technology was the main item on the menu at the 2nd Annual Broker Forum. As quickly as things are changing for brokers and their partners – driven, in large part, by customer wants and demands – is the breadth of options available for brokers to sample.

Feature Mergers and Aqcuisitions

Patchwork Cover

April 1, 2017 Greg Meckbach, Associate Editor

Brokers should advise commercial clients that commercial property and liability insurance generally exclude losses arising from terrorism. Although special stand-alone coverage is available, the bigger challenge going forward may be the client mindset toward terrorism insurance cover and an apparent lack of concern over potential related risks.

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Cornerstone’s DaSilva resigns from IBAO board, Brian Purcell scheduled to be 2018 president

July 7, 2016 by Canadian Underwriter

Brian Purcell, broker/owner at James Purcell Insurance Broker Ltd., will “assume the position” of president of the Insurance Brokers Association of Ontario in 2018, IBAO announced Thursday. Wendy DaSilva, chief executive officer of Cornerstone Insurance Brokers Ltd., had been scheduled

Feature InsuranceLegalMergers and Aqcuisitions

Unlimited Liability

May 1, 2016 The CIP Society - Insurance Institute of Canada

When placing commercial liability coverage, insurance brokers should never tell policyholders how much coverage is enough. Clients should be advised there is always a possibility of being underinsured for a potential judgment or settlement.