Tech
While brokers are usually not computer geeks, those who place cyber insurance can ask some basic questions to gauge their clients’ risk and figure out whether they overlooked a major security precaution known in tech jargon as outbound firewall rules. A good opening question a broker can pose to a client is how much computer […]
By Greg Meckbach | February 5, 2018
2 min read
OTTAWA – Tech leaders are challenging the federal Liberal government to get serious about reaping the rewards of one of the next big frontiers in the information revolution: big data. Canadian CEOs and academics have been pushing Ottawa for months to develop a national strategy for harnessing data’s burgeoning power – an approach advocates say […]
By Jason Contant | February 5, 2018
4 min read
Legal / Regulation
A bill affecting vehicle safety recalls and emerging automotive technologies could soon become law with the passage Wednesday in the House of Commons of Bill S-2. Bill S-2 brings “one of the most significant changes” to the 47-year-old federal Motor Vehicle Safety Act, because it changes existing law to give Canada’s transport minister the power […]
By Greg Meckbach | February 2, 2018
HR
Ontario brokerage appoints vice president of corporate risk Mississauga, Ont.-based Hubbard Insurance Group announced on Feb. 1 that it had appointed Bryce Elliott to the position of vice president, corporate risk. Elliott has been an account manager at the brokerage for more than five years in the commercial risk department. Prior to joining Hubbard, he […]
By Jason Contant | February 2, 2018
Business interruption should be the focus of cyber insurance policies nowadays, Lindsey Nelson, international cyber team leader with CFC Underwriting, said to Canadian Underwriter in an interview on Monday. “I think it might be a matter of insurers are really focusing on the wrong aspects of cover… to sell to clients,” Nelson said. While cyber […]
By Jason Contant | February 1, 2018
CALGARY – About 400 jobs are expected to disappear at Suncor Energy Inc.’s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace the ones humans operate now. “We have about 500 roles that will get eliminated through this and we’re going to add about 100. So the net change in our […]
3 min read
Key features of Ontario’s latest auto reform package have been attempted before – and ended in heartbreak
By Willie Handler, Consultant, Willie Handler and Associates | January 30, 2018
There’s a new training ground in Canada for insurance professionals interested in fast-tracking themselves into entry-level management positions at insurance companies, adjusting firms and brokerages. Humber College in Toronto is halfway through its inaugural, two-semester P&C Insurance Management Postgraduate Program, with the first cohort of 32 students expected to graduate in June 2018. “We are […]
By David Gambrill | January 30, 2018
For all the potential of a new insurance company executive to influence a broker’s business, do leadership changes at an insurer really matter? Or, as one broker put it in a recent poll by Canadian Underwriter, “who cares about big wigs?” Brokers care, but maybe not as much as you might think, according to the […]
Brokers working on customer files over wireless computer networks at work need to be on guard, because hackers can listen in on insecure networks. If you’re working from a laptop or tablet and connecting to the corporate computer network using a WiFi card instead of an Ethernet cable, “you absolutely need to make sure you […]
By Greg Meckbach | January 30, 2018
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