Segment
Claims
No evidence that RCMP data was extracted during recent cyberattack: commissioner
February 28, 2024 The Canadian PressOTTAWA – The head of the RCMP said Tuesday there was no evidence to date that personal or operational information had been pilfered from the national police force’s systems during a recent cyberattack. “Based on information that we’ve gone through,…
Pricing still affects brokers’ ability to sell cyber
February 27, 2024 David GambrillTo the surprise of no one in the broker channel, the ongoing hard market in cyber still plays a significant role in why clients decline to buy coverage. About 40% of brokers responding to a recent CU survey selected ‘Price…
As planet warms, ferocious snowfalls like the one that hit Nova Scotia could increase
February 26, 2024 Hina Alam, The Canadian PressATLANTIC CANADA – Forecasters say a warming global climate could actually cause some parts of Canada to see colder conditions, including heavy snowfalls like the one that hit parts of the Maritimes this week. There’s a direct relationship between the…
Will bigger vehicles lead to bigger claims?
February 23, 2024 Philip PoradoWith accident rates climbing, one growing area of concern is that vehicles are becoming much larger. For example, rapid changes in vehicle specs mean full-size SUVs from 1999 would today meet the gearhead moniker of ‘Cute Ute.’ With sport utility…
Federal government announces $15 million to combat car thefts across Canada
February 22, 2024 The Canadian PressMONTREAL – The federal government is committing an additional $15 million over three years to fight the rise in vehicle thefts across the country. Minister of Public Safety Dominic LeBlanc made the announcement yesterday in Montreal. LeBlanc said $9 million…
Managing insurer concerns about knob-and-tube wiring
February 21, 2024 Brian Cook, PowerCheckMost insurers see homes with knob-and-tube wiring, aluminum wiring, and 60-amp service as high-risk, which prevents clients with those systems from easily obtaining home insurance. But are wiring types and service levels really the culprits causing fires? I’ve examined electrical…
Warm and dry weather prompts Alberta to declare an early start to wildfire season
February 21, 2024 The Canadian PressEDMONTON – The Alberta government has declared an early start to the 2024 wildfire season in the face of low snowpacks and forecasts of dry weather to come. Alberta Forestry and Parks Minister Todd Loewen said Tuesday the season is…
How insurers can help manage flood risk in Indigenous communities
February 20, 2024 by Jason ContantInsurers need to play a greater role in helping to manage high-risk flood areas in Indigenous communities, a tribal chief said during the CatIQ Connect conference earlier this month. “At some point, you as insurers are going to have to…
Inadequate security led to breach that compromised Canadians’ info: watchdog
February 16, 2024 Jim Bronskill – The Canadian PressOTTAWA – Government departments lacked adequate protections to fend off a “sophisticated and co-ordinated” cyberattack that compromised the sensitive information of tens of thousands of Canadians, the federal privacy watchdog has found. In a report tabled Thursday, privacy commissioner Philippe…
Blizzard-like conditions expected in Newfoundland
February 15, 2024 The Canadian PressSchools in Newfoundland’s capital are closed today, due to the threat of inclement winter weather. The head office for NLSchools in St. John’s will be open, but officials say not until 11:00 a.m. local time. This week’s hazardous winter conditions…
Toronto cyberattacks show public bodies need to boost security, experts say
February 14, 2024 Maan Alhmidi – The Canadian PressAs the Toronto Public Library gradually works to restore full service following a crippling October cyberattack, experts are warning that public organizations need to find ways to bolster their ransomware defences, despite having limited resources. A few months after the…
Are your clients adding water endorsements to home policies?
February 14, 2024 by Jason ContantAn increasing number of your clients are expressing interest in water endorsements on home insurance policies, according to data from rate aggregator Rates.ca’s home insurance quoter. The rate comparison website found 36% of all home insurance quotes on the tool…