Industry
The Boiler Inspection and Insurance Company of Canada (HSB BI&I), a member of the Hartford Steam Boiler Group and part of Munich Re’s Risk Solutions family, announced on Wednesday data breach coverage enhancements for businesses and complimentary access to a suite of online tools to help prevent the loss or theft of personal information. The […]
By Canadian Underwriter | June 10, 2015
2 min read
Oceanwide, An Insurity Company, has released a new cyber risk assessment tool designed to help insurers identify and mitigate company-specific risks to data and privacy. The tool is designed to allow insurance companies identify high-risk processes, policies, systems and third-party provider relationships so that they can better mitigate intrusions and data breaches, notes a statement […]
Navacord Inc. is expanding its partnership of entrepreneurial insurance brokers across Canada with the announcement Tuesday that Toronto-based Petrela, Winter & Associates is joining the Navacord network. “The Petrela, Winter & Associates team has the expertise, high-level specialization and culture that complement our guiding principles and business strategy,” T. Marshall Sadd, executive chairman at Navacord, […]
There has been a 165% increase in new ransomware in the first quarter of 2015 from Q4 2014, largely due to the proliferation of the hard-to-detect CTB-Locker ransomware family, according to an Intel Security report released on Tuesday. The McAfee Labs Threats Report: May 2015 said that McAfee Labs registered a 165% increase in new […]
By Canadian Underwriter | June 9, 2015
3 min read
Insurance-specific Internet domain names are anticipated to become available later this year, suggested a recent blog post from a partner and associate of law firm McCarthy Tetrault. The blog post on Saturday from partner Ana Badour from McCarthy Tetrault’s Toronto office and associate Sophie Gupta from the Montreal office noted that in 2008, the Internet […]
The National Transportation Safety Board (NTSB) in the United States has recommended that the “life-saving benefits of currently available collision avoidance systems (CAS)” become standard on all new passenger and commercial vehicles. “You don’t pay extra for your seatbelt,” said NTSB chairman Christopher A. Hart in a press release on Monday. “And you shouldn’t have […]
Nothing in Ontario’s Statutory Accident Benefits Schedule “expressly incorporates by reference the entirety” of the province’s Minor Injury Guideline (MIG) for auto insurance claims, but the “burden of proof” is on claimants “to establish entitlement to the appropriate level” of auto accident benefits, the province’s Divisional Court suggested in a recent ruling. The Divisional Court […]
4 min read
The lion’s share of cyber breaches observed in the 2015 Trustwave Global Security Report were not identified by the victims, Trustwave reports. Released Tuesday, findings are based on data from 574 data breach forensic investigations by the company across 15 countries in 2014, penetration testing results, threat intelligence from its five global security operations centres, […]
5 min read
Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has introduced Executive First Fiduciary Liability Insurance, a new policy “expressly designed to provide straightforward, up-to-date protection for Canadian sponsors of large pension and benefit plans and their directors, officers and employees.” “Our Executive First Fiduciary Liability Insurance is built to deliver all the coverage our Canadian customers need […]
DETROIT – The U.S. government’s auto safety agency acknowledged Friday that a deadly defect in General Motors ignition switches went unresolved for a decade because agency staffers didn’t understand air bag technology and failed to challenge the information it received from the automaker. The mea culpa came Friday as the National Highway Traffic Safety Administration […]
By Canadian Underwriter | June 8, 2015
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