How driverless trucks will affect Alberta’s oilsands
February 1, 2018 Dan Healing - THE CANADIAN PRESSCALGARY – About 400 jobs are expected to disappear at Suncor Energy Inc.’s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace the ones humans operate now. “We have about 500 roles that will get eliminated…
Where you will find your next commercial cyber clients
January 29, 2018 by Jason ContantCyber insurance is evolving into the non-privacy space, with insurers moving more into business interruption coverage, Catherine Evans, vice president of Marsh Canada, told Canadian Underwriter Monday. “Insurers are pushing more into the areas where it’s really more of an…
Why cybercriminals are stepping up attacks against your small business clients
January 18, 2018 by Jason ContantThe operating model for cybercrime appears to have changed, with criminals using ransomware to target smaller companies and ask for smaller currency amounts, a cyber underwriter with Beazley told Canadian Underwriter on Wednesday. Jimaan Sané said cybercriminals used to attack…
Totten buys online brokerage
January 4, 2018 by Canadian UnderwriterManaging general agency Totten Insurance Group has acquired Windsor, Ont.-based EasyInsure, which offers quotes for both commercial and personal insurance online. Toronto-based Totten intends to use EasyInsure’s “digital capabilities to better support [Totten’s] current and future clients,” said Hub International…
Autonomous trucks moving quickly to commercial reality despite job threat
January 2, 2018 Ross Marowits - THE CANADIAN PRESSMONTREAL – Once thought of as a distant fantasy, autonomous trucks are moving towards commercial reality on Canadian highways as companies look to boost productivity amid a driver shortage and governments seek to reduce deadly crashes. They are not yet…
Are timid underwriters blowing a business opportunity with blockchain?
December 11, 2017 David Gambrill, Editor-in-ChiefThere is a substantial business opportunity for insurers willing to learn about and underwrite nascent blockchain technology, says an account executive at The Axis Insurance Group in B.C. “There is a business coming along, it’s going to get bigger, and…
‘Somebody could actually die’: Cybercrime’s grave threat to automated resource firms
November 27, 2017 Dan Healing - THE CANADIAN PRESSCALGARY – Data theft from high-profile hacks against companies like Uber and Equifax can cost consumers thousands of dollars but resource companies worry about millions in damage, along with potential injuries and death, if their technology is compromised. The thought…
Cryptojacking: the latest cyber risk
November 21, 2017 Aleksandra Sagan - THE CANADIAN PRESSVANCOUVER – Anyone casually surfing the internet at home can be deployed as an unwittingly productive member of a hacker’s workforce, a practice known as “cryptojacking” that is on the rise. Internet sleuths have discovered malicious code on the websites…
Deductibility of CPP disability benefits in personal injury claims
November 17, 2017 Cheryl A. CanningIn personal injury claims involving lost income, it is very common for plaintiffs to have received income from various sources while unable to work, including Canada Pension Plan Disability Benefits (“CPP”). The question of whether the tortfeasor or insurer may…
Statistics Canada says real GDP contracted by 0.1% in August
October 31, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – The Canadian economy hit reverse in August, its first monthly pullback since October last year. “The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in a hurry,” Bank of Montreal…
Hub International acquires Saskatchewan-based Delisle Agencies Ltd.
September 13, 2017 by Canadian UnderwriterJust days after acquiring P&C brokerage Integro (Canada) Ltd., Hub International Limited announced it has acquired Saskatchewan brokerage Delisle Agencies Ltd. Terms of the acquisition were not disclosed. Based in Delisle, Sask., the brokerage specializes in personal lines and government…
Hub International acquires Integro (Canada) Ltd.
September 8, 2017 by Canadian UnderwriterHub International Limited announced on Friday that is has acquired P&C brokerage Integro (Canada) Ltd. Terms of the acquisition were not disclosed, Hub noted in a press release. With offices in British Columbia, Ontario and Quebec, Integro Canada is a…