Canadian Underwriter

Keyword
Mitigation

News AssociationsCatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Australian insurers welcome Senate committee call for government to rethink funding for natural disaster mitigation

August 14, 2017 by Canadian Underwriter

Insurance Council of Australia (ICA) has welcomed a report by the Senate Economics References Committee supporting the council’s call for the federal government to invest in natural disaster mitigation and resilience, as well as back risk-based pricing. This spring, ICA

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

One in four hide cybersecurity incidents from employers, global Kaspersky survey finds

July 10, 2017 by Canadian Underwriter

Forty per cent of employees around the globe hide IT security incidents to avoid punishment, according to a new report from cybersecurity company Kaspersky Lab and market research company B2B International. The report, titled Human Factor in IT Security: How

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

It will ‘take until the end of the year’ for Lake Ontario water level to drop to average level: Toronto city staff

July 4, 2017 by Canadian Underwriter

The water level of Lake Ontario at Toronto will not drop to its average level until the end of the year and frost this winter could “further exacerbate” infrastructure damage, though the exact cost of infrastructure damage has yet to

News Climate ChangeInsurance

As U.S. threatens withdrawal, feds still committed to Paris Accord, McKenna says

May 31, 2017 The Canadian Press

TORONTO – As the U.S. flirts with fleeing the Paris climate-change accord, Canada is aligning itself with the world’s other two largest economies to take a global leadership role on the effort to limit greenhouse gas emissions. Environment Minister Catherine

News CatastrophesInsuranceTechnology

Lack of oversight regarding security of third-party IoT implementation: survey

May 31, 2017 by Canadian Underwriter

A gap in understanding how best to mitigate and communicate risks around the Internet of Things (IoT) persists despite organizations reporting high concern about related security, notes a new report from Ponemon Institute and Shared Assessments Program. Released Wednesday, The

News InsuranceMarkets / CoveragesTechnology

Investments to fight cyber breaches must include technology, people and risk transfer: WTW cyber head

April 24, 2017 Angela Stelmakowich

PHILADELPHIA – Considering human risk is essential when determining how best to combat data breaches and associated costs, but the human element is routinely overshadowed by technology in organizational efforts to bolster cyber security, says Anthony Dagostino, global head of

News InsuranceTechnology

Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey

April 24, 2017 by Angela Stelmakowich

PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in

News AssociationsCatastrophesClimate ChangeConstructionInsuranceMergers and AqcuisitionsReinsurance

Construction of mitigation infrastructure to protect against flood should be seen as nation-building projects: Australian insurers

April 12, 2017 by Canadian Underwriter

The Insurance Council of Australia (ICA) cited the Canadian government’s budget commitment to create a Disaster Mitigation and Adaptation Fund in a recommendation to its own federal government to treat the construction of mitigation infrastructure to protect flood-prone towns as

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

More action needed to better prepare for earthquake in Canada: Scotti

April 6, 2017 by Angela Stelmakowich

Canada would be well-advised to take a cue from other nations and do more to establish partnerships and requirements that better protect property owners in the event of an earthquake, says Veronica Scotti, president and CEO of Swiss Re Canada.

News Technology

Use of technology could help to enhance compliance efforts: KPMG LLP report

March 14, 2017 by Canadian Underwriter

The majority of chief compliance officers (CCO) in the United States taking part in a KPMG LLP survey are struggling to integrate and automate compliance activities across their organizations. Six in 10 polled CCOs report “their company’s technology infrastructure has

News InsuranceTechnology

Fraud vigilance increasing among polled Canadians: Equifax Canada

February 28, 2017 by Canadian Underwriter

Surveyed Canadians are becoming more vigilant about guarding against fraud, with the lion’s share of respondents taking measures to protect their personal information and three in 10 seeking help to ensure they are alerted should a fraud be under way.

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Terrorism insurance gaps demand rethinking focus on property: C4 2017 speaker

February 2, 2017 by Angela Stelmakowich

Terrorism insurance programs need a reset to ensure clients are appropriately covered in light of the continuing shift from attacks on property to attacks on people designed to produce mass casualties, Scott Bolton, the U.K.-based director of business development and