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Average Canadian company faces $3.7 million in cyber exposure Average Canadian company faces $3.7 million in cyber exposure Image

Tech

Average Canadian company faces $3.7 million in cyber exposure

The cost to recover from security breaches in Canada averages $3.7 million in direct and indirect costs per organization, including network down time, employee work days, lost files and compromised information, according to a new survey. Of that amount, the majority – about $3.5 million – is lost in revenue and productivity, while $215,080 is […]

By Jason Contant | February 9, 2018

2 min read

Why your most engaged employees may be planning an exit strategy Why your most engaged employees may be planning an exit strategy Image

HR

Why your most engaged employees may be planning an exit strategy

Engaged employees are typically considered a feather in the cap of any insurance organization, but a new study suggests that employers could lose one out of every five of their most motivated employees because of burnout. “The many positive outcomes of engagement include greater productivity and quality of work, increased safety, and employee retention,” say […]

By David Gambrill | February 8, 2018

2 min read

Mixed responses to bullying in home insurance policies Mixed responses to bullying in home insurance policies Image

Tech

Mixed responses to bullying in home insurance policies

Home insurance can cover parents of alleged bullies who are sued by their victims, but policy wordings vary from insurer to insurer, a lawyer told claims professionals Tuesday. Cyber bullying encompasses many activities, including defamation, promoting hatred against people and uploading intimate photos to the Internet, Miller Thomson partner Patricia Forte said during the 51st […]

By Greg Meckbach | February 8, 2018

2 min read

This week in P&C employment changes This week in P&C employment changes Image

HR

This week in P&C employment changes

Co-operators senior executive to retire The Co-operators announced Thursday the retirement of Bruce West, its executive vice president, finance and chief financial officer (CFO), effective June 1, 2018. West joined The Co-operators in 2007 as CFO and over the past 11 years has made significant contributions, including the implementation of the organization’s approach to sustainable […]

By Jason Contant | February 8, 2018

2 min read