Industry
SAN FRANCISCO – The FBI has confirmed it is investigating a recent hacking attack at Sony Pictures Entertainment, which caused major internal computer problems at the film studio last week. Sony’s corporate email and other internal systems were knocked offline, according to reports by Variety and other trade publications. Sony workers reportedly saw a message […]
By Canadian Underwriter | December 2, 2014
2 min read
The Ontario government tabled Monday a bill that, if passed into law, would make it easier for a defendant to get a defamation lawsuit dismissed if the defence could convince the judge that they were communicating on a matter of “public interest.” When the previous version of Bill 52 – which died on the order […]
3 min read
The Government of Canada, through the Canadian Space Agency (CSA), will invest $650,000 to support cutting-edge severe weather forecasting technology being developed at the National Optics Institute (INO). The contract was awarded to INO to further develop and test a new thermal imaging sensor – far infrared radiometer (FIRR) – that requires no cooling and […]
By Canadian Underwriter | December 1, 2014
With a month to go before the United States government backstop for commercial terrorism insurance expires, XL Group plc announced Monday it is offering stand-alone terrorism coverage of up to US$100 million. Dublin-based XL Group said its new terrorism insurance policy, offered by its United States crisis management business, “provides insurance coverage often limited or […]
Last week’s hacking incident involving Sony Pictures Entertainment highlights the importance of having cyber insurance that includes business interruption cover and demonstrates the negative effect of not being able to access tech systems even for a short period, suggests CFC Underwriting. The caution follows a hacking incident reported to have forced Sony Pictures Entertainment to […]
The year ahead for property and casualty insurance in Canada feels a bit like a mix of hard facts and wishful thinking. With change the only constant, is the market signalling how best to match opportunity and risk? Will the industry come up with a pleasing palette - satisfying to its customers - or do ongoing challenges threaten to produce a total mismatch?
November 30, 2014
23 min read
1 Munich Reinsurance Company of Canada recently announced the appointment of Philipp Wassenberg [1] as president and chief executive officer of both Munich Re Canada and Temple Insurance Company. Wassenberg will serve on the Boards of Directors of both companies. In his new role, he will be responsible for the operation of all of Munich […]
4 min read
MANCHESTER, England — As the world of cricket reels from the death of Australian batsman Phillip Hughes, it’s hard to imagine that less than 40 years ago the first player to wear a full helmet during a cricket test match was booed by the crowd for his apparent cowardice. On that day in 1978, Australian […]
By Canadian Underwriter | November 28, 2014
EDMONTON – Lawyers have brokered a tentative deal to settle part of a class-action lawsuit filed over an E. coli outbreak and the largest meat recall in Canadian history. The lawsuit is against XL Foods Inc., which operated a meat-packing plant in southern Alberta during the tainted beef recall in 2012. Rick Mallett, a lawyer […]
The Insurance Brokers Association of Nova Scotia (IBANS) is reminding motorists to “Grinch-proof” their vehicles as the holiday shopping season gets into full swing. Motorists need to ensure their vehicles are locked at all times to ensure would-be criminals are thwarted and holiday purchases remain safe from theft, notes a statement Thursday from IBANS. The […]
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