Claims
Chief information security officers (CISOs) in the United States report experiencing growing pressure to protect critical information and infrastructure assets in the wake of escalating cyber threats and increasingly complex regulatory mandates, Deloitte reports. Adding to the pressure of protecting critical information is the expectation of CISOs – even those new to the job – […]
By Canadian Underwriter | August 12, 2015
2 min read
The Insurance Bureau of Canada (IBC), the RCMP and the Atlantic Provinces Trucking Association (APTA) announced on Wednesday that they are joining forces to bring a national cargo theft reporting program to Atlantic Canada. The Cargo Theft Initiative, which IBC and the Canadian Trucking Alliance (CTA) launched in Ontario in 2014, brings together the insurance […]
3 min read
British Columbia’s Ministry of Forests, Lands and Natural Resource Operations said on Tuesday that “with the return of hot and dry conditions in the [Kootenay Lake] region, wildfire behaviour will likely increase through Thursday as temperatures increase and humidity levels decrease.” The ministry said that smoke from the Sitkum Creek wildfire on the north shore […]
By Canadian Underwriter | August 11, 2015
NEWARK, N.J. – A group of Ukrainian hackers worked with securities traders in the U.S. to make $30 million by breaking into the computers of companies that put out corporate press releases and trading on the information before it was made public, federal prosecutors said Tuesday. Prosecutors in New Jersey and New York City, along […]
Canada’s highest court recently announced it will not hear an appeal from Canadian National Railway Company, which in 2014 had a 25-year-old lawsuit – arising from a requirement to clean up land polluted more than 55 years ago by coal tar – dismissed due to delay. In 1989, CN sued the City of Kitchener, its […]
Total economic losses from natural catastrophes and man-made disasters reached US$37 billion in the first half of 2015, with the global insurance industry covering nearly 45% of these losses (US$16.5 billion), according to preliminary sigma estimates released on Tuesday by Swiss Re. The previous 10-year average was that global insurers covered about 27% of losses. […]
LONDON – British cellphone retailer Carphone Warehouse says personal details of up to 2.4 million customers may have been accessed after the company was hit by a cyber-attack. The company said the security breach, discovered Wednesday, could have included names, addresses, dates of birth and bank details. It said Saturday that up to 90,000 customers […]
By Canadian Underwriter | August 10, 2015
1 min read
British Columbia’s Ministry of Forests, Lands and Natural Resource Operations is urging water users in the Lower Columbia, West Kootenay, East Kootenay and Middle Fraser regions (the latter of which includes Cariboo and Chilcotin) to reduce water consumption as the provincial government announces a Level 3 drought rating for the areas. Level 3 drought conditions […]
SAN DIEGO – As Jason Thrasher lowered his helicopter to a park with seven firefighters aboard, he saw what he thought was another firefighting chopper battling a blaze that was threatening homes. The California Department of Forestry and Fire Protection pilot suddenly identified the object as a four-rotor drone only 10 feet from his windshield, […]
4 min read
The National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center has reported that there is a 90% chance of a below-normal Atlantic hurricane season this year. The NOAA updated its 2015 Atlantic Hurricane Season Outlook last week, saying that the below-normal season is now even more likely than predicted in May, when the likelihood of […]
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