Industry
WASHINGTON – The U.S. Postal Service said Monday it is the victim of a cyberattack and that information about its employees, including Social Security numbers, may have been compromised. The FBI and other federal agencies are investigating, the agency said in a statement. Postal Service spokesman David Partenheimer said the personal information that may have […]
By Canadian Underwriter | November 10, 2014
2 min read
NEW YORK – Home Depot says hackers stole 53 million U.S. and Canadian email addresses in addition to data from millions of payment cards. One of North America’s largest home improvement chain says Thursday that hackers stole 53 million customer email addresses from April to September. It had disclosed in September that 56 million debit […]
By Canadian Underwriter | November 7, 2014
1 min read
EGI Financial Holdings Inc., which operates in the property and casualty insurance industry in Canada and Europe, has reported a net income of $5.537 million for the third quarter this year, more than doubling the $2.44 million for the same period of 2013. The story was somewhat different for the first three quarters of the […]
3 min read
Outstanding catastrophe bond limit in the Asia-Pacific region has reached US$1.625 billion and about 6% of the region’s catastrophe limit is covered by alternative capital, but the growth rate in the cat limit has “failed to keep pace with overall economic growth” in the region, Guy Carpenter & Company LLC suggests. This year the catastrophe […]
By Canadian Underwriter | November 6, 2014
Industrial Alliance Insurance and Financial Services has reported a net income attributed to common shareholders of $91.5 million for the three months ended Sept. 30, down from $105.8 million in the third quarter last year. Premiums and deposits for the quarter totaled $1.8 billion, according to the earnings release from the company on Wednesday. Individual […]
By Canadian Underwriter | November 5, 2014
Corporate boards are increasingly being exposed to cyber security risk and company boards lack security structures to protect board information, note results of a global survey released Tuesday. Boards continue to communicate through unsecure means, notes findings from the annual corporate governance survey from Thomson Reuters Accelus. The more than 200 corporate and company secretaries […]
VICTORIA – Undercover agents with the authority to hand out fines up to $5,000 will soon be on the prowl for operators of unlicensed, alternative taxi services in British Columbia, says Transportation Minister Todd Stone. Plans to use the plainclothes agents to enforce existing taxi-licensing laws were announced Monday by Stone in reaction to the […]
By The Canadian Press | November 4, 2014
More than 1,200 brokerages in Canada are now using Transport Layer Security (TLS), or email security, according to the Centre for the Study of Insurance Operations (CSIO). TLS automatically encrypts emails sent between TLS-enabled parties, protecting them against digital security threats, according to CSIO. TLS operates invisibly and does not have an impact on user experience, […]
By Canadian Underwriter | November 4, 2014
Only a small percentage of homeowners and tenants in Alberta and British Columbia cite water damage as a top concern, according to a new poll from Canadian Direct Insurance. Results are based on a recent online survey conducted among homeowners and renters. The results have been statistically weighted according to age and gender, Canadian Direct […]
Marsh has expanded its analytic solutions across the firm globally with recent changes to its real-time Marsh Analytics Platform (MAP). MAP – which helps clients quantify and manage risk financing through a combination of data, analytics and technology – is now being backed by a proprietary global loss database, a trained global team of sales […]
By Canadian Underwriter | November 3, 2014
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