News

Construction Insurance Risk Insights

Structural Issues and Aging Buildings

Construction Insurance Risks Insights – While modern building codes and structural engineering have made buildings extremely safe, facilities managers must maintain a high level of upkeep for them to remain that way. As buildings age, they can lose their structural integrity. As such, if simple repairs are left untended, they can balloon into bigger issues, potentially causing significant damage that can interrupt operations and/or even endanger others.

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Risk Insights

Business Interruption and Supply Chain Crisis

Business Interruption and Supply Chain Crisis – The COVID-19 pandemic spurred a supply chain crisis as businesses were forced to halt operations to slow the spread of the virus and prioritize employee health and safety measures. In addition, consumer demand is increasing, especially for automobiles, furniture, building equipment and appliances. As business operations begin to normalize, the exploding consumer demand is causing bottlenecks throughout the global supply chain. (more…)

Cyber Update

 

A Quarter of Canadian Companies Experienced a Cyberattack in 2021

Cyberattack – A quarter of Canadian businesses say they experienced a cyberattack in 2021, according to a 2022 survey commissioned by technology firm NOVIPRO. Of those businesses, more than half (56 per cent) paid the ransom demanded by hackers, a third hired a negotiator and a quarter elected to handle the situation without using a third party.

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Cyber News

2022 Set to Be “Hangover” Year From 2021’s Cyber Epidemic

Cyber News – Much of the cyber turmoil that plagued the world in 2021 will continue into 2022, with individuals remaining the top source of risk in an irrevocably online society, according to Experian’s annual Data Breach Industry Forecast for 2022. (more…)

Winter Home Protection Guide – Snow and Ice Storms

As a homeowner, you take pride in maintaining your investment and protecting it from outside risks. Among these risks, winter weather presents some of the most significant challenges—challenges that may even lead to substantial property damage.  Canada experiences some of the most extreme winter weather in the world, and homeowners constantly have to protect their residence from blizzards and extreme cold.  Read our homeowners protection guide to keep your property safe.

Retail Business Insurance

Flash Mob Robberies

Retail Business Insurance – Organized retail crime (ORC) refers to large-scale shoplifting incidents or other illegal (and sometimes violent) acts conducted by groups of criminals with the purpose of stealing significant amounts of merchandise. (more…)

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