Segment
Risk Management
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…
Montreal library closes after hacking attack on daycare registration website
May 17, 2021 The Canadian PressMONTREAL – A large library in Montreal will be closed until Tuesday morning in the wake of a hacking attack on Quebec’s public daycare registration website. Quebec’s Treasury Board Secretariat issued a recommendation on Friday evening urging all government bodies…
Why wildfire is moving into ‘peak peril’ range
May 14, 2021 by Jason ContantWildfire is now moving into the range of a “peak peril” type of risk, similar to earthquakes and hurricanes, Risk Management Solutions, Inc. (RMS) told Canadian Underwriter recently. Overall, in both Canada and the United States, wildfire risks are starting…
Canada’s worst-case wildfire scenario could see a $20-billion loss: RMS
May 13, 2021 by Jason ContantCanada could potentially see $20-billion loss events from wildfire alone, according to recent simulations by Risk Management Solutions, Inc. (RMS). The odds of that happening would be “extremely rare, on the order of a 1-in-10,000-year return period,” Michael Young, vice…
Cybersecurity experts say Canadian businesses can learn from U.S. pipeline attack
May 13, 2021 David Paddon - THE CANADIAN PRESSTORONTO – Canada’s two largest pipeline companies say they have taken a proactive approach to avoid the type of cyberattack that has disrupted gasoline supplies in the U.S. Southeast and contributed to higher retail gasoline prices across North America. Hackers…
When humans team up with machines, P&C innovation wins
May 4, 2021 by David GambrillDebates about whether humans or computers are at the centre of innovative insurance products are a red herring — the best way to build an insurance product is an integrated approach using the best of what humans and machines have…
Ontario nursing homes badly prepared for COVID-19 pandemic, auditor general says
April 28, 2021 Colin Perkel - THE CANADIAN PRESSTORONTO – Ontario’s nursing homes were woefully unprepared for the onslaught of COVID-19 – the culmination of years of neglect and failure to address known problems, the province’s auditor general said on Wednesday. In a special report, Bonnie Lysyk took…
Brian Parsons joins BFL Canada from Willis Towers Watson
April 27, 2021 by Jason ContantBFL Canada announced Tuesday it has appointed Brian Parsons as its new president of BFL Canada’s national risk management division. The large commercial brokerage said in a press release Tuesday that it will also announce new appointments in its risk…
Study says easing rules on transfer of unreclaimed oil wells could speed cleanup
April 26, 2021 The Canadian PressCALGARY – A report says Alberta should lower regulatory barriers that discourage businesses from reusing abandoned oil and gas wells. The Canada West Foundation and Energy Futures Lab say that could include allowing companies to sell off defunct energy infrastructure…
Alarms being installed on B.C. river and dam following fatal water release
April 22, 2021 The Canadian PressVANCOUVER – An interim public alarm system is being installed on the Cleveland Dam and along the Capilano River in North Vancouver to prevent future deaths from a sudden release of water. Five people fishing on the river last October…
Will the need for social interaction make the hybrid office a passing fad?
April 21, 2021 by David GambrillWhile many Canadian employees wish to return to a hybrid office — some adamantly so, according to a recent survey by human resources firm Robert Half — some believe the “fear of missing out” on the opportunity to socialize with…
Small business clients are making these cyber security errors
April 16, 2021 by Greg MeckbachFailure to install patch updates, relying too much on passwords, and failure to train employees are three sources of cyber security losses all too common among small business clients, a technology vendor suggests. One of the most common cyber security…