Cyber attack, data breach and unplanned IT and telecom outages are the greatest concerns among business continuity professionals, concludes the sixth annual Horizon Scan Report, released Tuesday. The top three concerns remain unchanged from the last report carried out by…
Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite…
United Kingdom-based specialist insurer Beazley plans to expand the range of products available through its newly acquired Canadian operations with Monday’s announcement that it will offer television and film producers errors and omissions (E&O) coverage, as well as media liability…
Commonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13,…
U.K. companies waiting for a clearer sense of the future under Brexit is a risky supply chain strategy that could result in net profits across key industries plummeting an average of 30%, suggests a new study released Tuesday by Bain…
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…
Canada’s property & casualty industry will celebrate National Education Month in February, showcasing the education and professional development of insurance professionals across the country. The Insurance Institute of Canada (IIC) has expanded its annual National Education Week to a month…
Resource underperformance has surpassed mechanical breakdown and component damage as the major obstacle to achieving bankable wind energy projects, GCube Underwriting Ltd. notes in a report estimating the untapped asset values of wind energy stakeholders around the world at US$56…
Use of firewall management tools has resulted in fewer breaches, increased productivity and the ability to respond to a breach in less than an hour, suggests a commissioned report released last week by U.S.-based FireMon. Automate Zero Trust Policy and…
LexisNexis Risk Solutions has advanced its proprietary technology for insurance telematics programs in the U.S. to ensure the policyholder and driver are the same, contributing to a true picture of driver behaviour and improving consumer experience. “Up until now, U.S.…
The scale of embedded connectivity could lead to an unmanageable cyber security risk created by botnets, Juniper Research Limited cautioned Monday in releasing data indicating the consumer Internet of Things (IoT) installed base will reach 15 billion-plus units by 2021.…
A wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a…