Keyword
manufacturing
Tips for insuring properties worth more than $500 million
October 2, 2023 Philip PoradoCoverage for high-value real estate, defined as sites worth $500 million or more, is often based as much on how those sites are used as on the physical assets themselves. Multi-use sites, where activities like manufacturing, distribution, logistics and management…
Manufacturers look to budget for help on supply chain problems, domestic production
April 1, 2022 Jordan Press - THE CANADIAN PRESSOTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years,…
One dead, five missing after explosion, fire at Ottawa tanker truck manufacturer
January 14, 2022 Mia Rabson - THE CANADIAN PRESSOTTAWA – One man is dead and five people are missing after an explosion at an Ottawa tanker-truck manufacturer Thursday. Neil Greene, the owner and president at Eastway Tank Pump and Meter Ltd. said Friday he is “completely devastated.” “My…
Manufacturers increasingly targets for ransomware attacks, study finds
May 19, 2021 The Canadian PressTORONTO – A new report says North American manufacturing companies are increasingly targets for cybercriminal gangs that use malicious software to shut down businesses if they don’t pay a ransom. Research from Toronto-based eSentire says that six known criminal gangs…
What you need to know about clients changing production
April 21, 2020 by Adam MalikA company that makes sweaters can’t flip a switch the next day and start making hospital gowns for frontline healthcare workers before working through important insurance considerations, according to experts. If you have a client looking to shift production —…
How cyberattacks can sabotage the plants of your industrial clients
February 27, 2018 by Jason ContantIndustrial control systems (ICS) at manufacturing plants are perfect targets for cybercriminals because they are not designed with security in mind, Zurich Canada’s head of specialty products, Greg Irvine, said recently. Speaking at NetDiligence’s Cyber Risk Summit in Toronto on…
Platform provider revenues for sharing economy forecast to double in 2022: Juniper Research
July 24, 2017 by Canadian UnderwriterThe move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based…
Cyber threat landscape growing, potential for emergence of destruction of service attacks: Cisco
July 20, 2017 by Canadian UnderwriterThe potential for “destruction of service” (DeOS) attacks is greatly concerning and organizations would be well-advised to adopt a proactive cyber stance in their protection efforts to combat increasingly sophisticated attackers, warns a new report from Cisco. “Cyber incidents such…
Beazley launches environmental coverage in Canada
July 19, 2017 by Canadian UnderwriterBeazley has launched its local environmental coverage in Canada with a product suite tailored to the specific market. The suite includes the ECLIPSE (fixed site) form, the ENVIRO (contractors’ pollution legal liability) form and the BeazleyOne (combined) form. Limits are…
Cyber-related disruption as business advantage developing in manufacturing sector: Verizon
June 30, 2017 by Angela StelmakowichManufacturing is witnessing a significant hike in internal cyber threat actors linked to nation state schemes to disrupt operations and allow chosen businesses to gain competitive advantage and market share, David Ostertag, global investigation manager for Verizon’s investigative response unit,…
43% of companies achieving positive outcomes from digital transformation investments: XL Catlin-sponsored survey
June 14, 2017 by Canadian UnderwriterMore than four in 10 companies surveyed for an XL Catlin-sponsored study have reported achieving positive outcomes from digital transformation investments, especially those using digital technology at all levels of operations, from supply chains and distribution networks to compliance activities…
Fed likely to leave rates alone but signal more hikes coming
May 1, 2017 Martin Crutsinger - THE ASSOCIATED PRESSWASHINGTON – With the U.S. economy on solid footing and unemployment at a near-decade low, the Federal Reserve remains in the midst of a campaign to gradually raise interest rates from ultra-lows. But this week, it’s all but sure to…