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Canadian companies paying high cybercrime bills

May 13, 2019 by Adam Malik

Malicious insiders and malware attacks are costing Canadian companies. New research from global professional services company Accenture and data protection research firm Ponemon Institute pegged the average cost of cybercrime to a Canadian company at more than $12 million in

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Will a robot take your insurance job? Probably.

May 9, 2019 by Jason Contant

Bored of the same-old, same-old? Why not sharpen your pencil and take that dream job as an actuary? According to the Will Robots Take My Job? website, there is only a 21% chance that actuaries will be replaced by artificial

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A major risk factor in children being hit by cars

May 8, 2019 Paola Loriggio - THE CANADIAN PRESS

A new study suggests children from poorer areas of Ontario face a greater risk of getting hit by vehicles than those from wealthier areas, possibly because they are more likely to walk to school alone. The study – conducted by

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Will roadside marijuana tests be upheld in court?

May 7, 2019 by Jason Contant

The ability to properly test marijuana impairment with roadside devices remains front and centre seven months after legalization, with at least one possible legal fight brewing. “I think our big issue in Canada, whether it’s a roadside test or from

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Former Economical Insurance CEO joins another board

May 7, 2019 by Greg Meckbach

Karen Gavan, former CEO of the first Canadian property and casualty insurer to start the demutualization process, is now on the board of directors of HSBC Canada. Gavan (pictured) was CEO of Waterloo, Ont.-based Economical Insurance from 2011 through 2016.

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‘It’s triage now’: Cottage Country brokers deal with flood fallout

May 6, 2019 by Adam Malik

Brokers in Ontario’s Muskoka region are calling the recent flooding event the worst disaster they’ve ever seen. Both Stephen Darling, president at A.W. Shiers Insurance Brokers, and Adam Caswell, owner of Hutcheson Reynolds & Caswell, said damage is greater and

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Loblaws cyber risk manager weighs in on cloud computing security

May 3, 2019 by Greg Meckbach

While cloud computing can introduce a whole new level of cyber risk, it can also help bolster a client’s information security, the cyber risk manager for one of Canada’s largest retailers suggests. “I will say without any hesitation, as I

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How smart speakers could ruin your reputation

May 2, 2019 by Jason Contant

Connecting consumers with brokers and insurers through voice technology has already begun, but a new blog from Harvard Business Review is warning companies that their reputation could be at risk. The blog was written for general business audiences, but included

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Why it’s hard for insurers to price cyber risk

May 1, 2019 by Greg Meckbach

It’s hard for an insurance company to price cyber because clients are reluctant to report losses, industry experts suggest. “You need historical incidents to understand the types of events out there,” Scott Stransky, assistant vice president and principal scientist in

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Tips for your cyber clients on creating stronger passwords

May 1, 2019 by Jason Contant

Brokers advising their clients on cyber security should inform them that re-using passwords – or using passwords in the first place – is not the best practice. “Passwords still have their use, but not as a way to uniquely verify

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Easy advice to help protect your clients against cyber attacks

April 30, 2019 by Jason Contant

What’s one easy piece of advice you can provide to your clients to help protect them from cyber-attacks? Change your passwords. Nearly one-third (30%) of people in Canada and the United States use the same passwords for all or most

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Why more companies aren’t using alternative risk transfer solutions

April 30, 2019 by Jason Contant

A lack of understanding about alternative risk transfer (ART) solutions, particularly among C-suite executives, remains a major obstacle to their expanded use, according a new report from Marsh and RIMS. Nearly half of C-suite respondents said they don’t understand how