Canadian Underwriter

Risk Management

Ransomware attack on a business computer
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesRestorationTechnology

Why ransomware is still a threat to your cyber clients

August 31, 2023 by Jason Contant

Ransomware is “almost certainly the most disruptive form of cybercrime facing Canada” because it’s pervasive and can have a serious impact on an organization’s ability to function, said a new report from the Canadian Centre for Cyber Security. However, it’s

Young African delivery man riding electric scooter and delivering food or packages.
News ClaimsInsuranceLegal

Fall risks associated with e-scooters

August 25, 2023 Brittany Sinclair, B.Sc., P.Eng. 30 Forensic Engineering

Editor’s note: This is the first of a two-part series on the biomechanics of rider falls from e-scooters. Part 2 will appear next week.   Canada’s capital is in the midst of its fourth electric scooter (or e-scooter) pilot program.

AI chat bot answering customer questions
News InsuranceTechnology

Will generative AI impact your career prospects?

August 22, 2023 Philip Porado

Will generative artificial intelligence (AI) make your skill sets obsolete? If you answered yes, you have the same belief as 17% of Canadian workers recently surveyed by recruiting and business consulting firm Robert Half. Survey respondents worked in occupations ranging

Extreme heat weather forecast on smartphone
News Climate ChangeInsuranceRisk

Ongoing heat over southern B.C. topples records, sets table for added wildfire woes

August 15, 2023 The Canadian Press

VANCOUVER – The ten hottest communities in Canada were all located in British Columbia on Monday and forecasters expect the sizzling temperatures will continue for at least a few more days across the province’s Interior. The Fraser Canyon communities of

Kirsten Andersen at AXA XL
News ClaimsInsuranceLegal

AXA XL names new underwriting manager in Canada

August 3, 2023 Canadian Underwriter Staff

Specialty insurance provider AXA XL has named Kirsten Andersen underwriting manager for its design professional insurance business in Canada. The business unit provides errors and omissions/professional liability insurance to architectural and engineering firms in Canada, according to the firm’s website.

Prime Minister Justin Trudeau speaks following a cabinet shuffle
News AnnouncementsCatastrophesClimate ChangeInsuranceMarkets / Coverages

Canada’s P&C insurers react to federal cabinet shuffle

July 27, 2023 by Jason Contant

Canadian property and casualty insurers will be working with new cabinet ministers in the areas of emergency preparedness, public safety (including cybersecurity and auto theft), and housing, infrastructure and communities (including climate resilience), following Prime Minister Justin Trudeau’s major cabinet

Person running away from a tidal wave or tsunami
News CatastrophesClaimsClimate ChangeInsurance

Can insurers and reinsurers survive looming NatCat trends?

July 21, 2023 Glenn McGillivray

One of the hallmarks of a warming world is that you never know what may come next. The reasonably stable climate of the last 100,000 years is being thrown into disarray as Earth’s systems are forced out of kilter. For

Opposing legal points of view
News Claims CanadaEngineeringInsuranceRisk

Fight for funding to protect land link between N.S. and N.B. goes to court

July 21, 2023 The Canadian Press

HALIFAX – The Nova Scotia government is asking the province’s Court of Appeal to determine who has jurisdiction over the works that protect a vital link between the province and New Brunswick. In a court document filed Wednesday, lawyers for

Global data breach
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

Nova Scotia identifies thousands more victims of data hack

June 15, 2023 Marlo Glass - THE CANADIAN PRESS

HALIFAX – Nova Scotia Cybersecurity Minister Colton LeBlanc says his department has identified thousands more people affected by a recent global data breach, and this week it is beginning the process of notifying the “most vulnerable” victims of the hack.

Wildfire smoke over Gatineau, Que.
News CatastrophesClaims CanadaInsuranceMarkets / CoveragesRestorationRisk

Feds looking to create national emergency response agency

June 9, 2023 Sarah Ritchie - THE CANADIAN PRESS

OTTAWA – The federal government is looking at creating some kind of national disaster response agency in the face of an unusually intense and destructive start to the wildfire season across the country. At the moment, federal departments including Emergency

A strong forest fire
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Quebec city declares state of emergency as forest fires multiply

June 2, 2023 The Canadian Press

MONTREAL – A city on Quebec’s north shore has declared a state of emergency as forest fires rage in the vicinity. Sept-Iles Mayor Steeve Beaupre says certain sectors of the city have been ordered to evacuate by 4 p.m. today

Cybersecurity concept
News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentRiskTechnology

Feds developing cybersecurity process for defence contractors  

June 1, 2023 Sarah Ritchie - THE CANADIAN PRESS

OTTAWA – The federal government says certain defence contracts will be subject to a mandatory cybersecurity certification process starting in the winter of 2024.   Defence Minister Anita Anand made the announcement Wednesday morning at the Canadian Association of Defence and