How Canada’s data breach reporting law can help brokers sell (and companies purchase) cyber coverage based on facts, not fear Improved cyber risk data arising from breach reporting would give Canadian brokers “the ability to frame the discussion [with clients] in a way that relies less on people’s concerns and fears, and more on some objective quantification of what the risk might look like to an organization,” says Gregory Eskins, national specialties and cyber practice leader for Marsh Canada Limited. How Canada’s data breach reporting law can help brokers sell cyber based on facts, not fear
Cyber insurance: risks and rewards (an audio podcast by the Financial Times) https://www.ft.com/content/ce0b3ca5-073c-4a3f-95f6-ec1eac347fb4
Sexual harassment claims are going to remain an issue, while claims against the pharmaceutical industry stemming from the opioid crisis may emerge as an issue as well, said speakers at the Professional Liability Underwriting Society’s 2018 Directors & Officers Symposium. Read full article
Nobody blames a company for being hit by a hurricane, said John P. Carlin, a partner with Morrison & Foerster L.L.P. in Washington, D.C., who was formerly assistant attorney general for the U.S. Department of Justice’s national security division, in making an analogy between a cyber attack and a hurricane. He spoke at the Professional Liability Underwriting Society’s 2018 directors & officers symposium in New York on Thursday. The test should be on a firm’s ability “to get back into business after the hurricane,” he said during a one-on-one interview with Jack Flug, New York-based managing director within Marsh L.L.C.’s
We’re going to see more liability claims against directors and officers (D&O) over cyber incidents in 2018, according to Aon’s cybersecurity arm, Stroz Friedberg. While cyber D&O claims have been largely dismissed in the past, escalating cyberattacks and a regulatory clampdown mean D&Os are likely to be increasingly held responsible for the handling of cyber incidents, according to the newest report from the firm. Currently, cyber events rank among the top three triggers for D&O derivative actions, but these claims are expected to intensify in 2018, the Stroz Friedberg report found. Read full article
Aviva, one of our insurers, was featured in “Eight companies that grew into major brands in less than two decades”
Headquartered in the UK, with 33 million customers across 16 countries, Aviva Life Insurance is the country’s largest general insurer and a leading life and pension provider across the world. In 2016, Aviva paid £2.7 billion in cash settlements and services to more than 7.75 lakh UK customers. More than 96 percent of the claims of its customers across different policies were accepted. Read the full story
Business interruption (BI) is the most important global risk for the sixth year running, according to the Allianz Risk Barometer 2018. As the risk landscape develops, companies now face an increasing number of scenarios ranging from traditional exposures like water, fire and supply chain disruption, to new intangible risks related to cyber in the ever-digitizing world. Cyber risk has continued an upward trend in the Allianz Risk Barometer 2018, which surveys 1,900 risk experts from 80 countries and ranks the most pressing business risks keeping executives awake at night. Five years ago, cyber ranked #15 in the report, but
Here are some preliminary plans, views, and animation of the Springbank Dry Dam, which would help prevent and/or mitigate damage to Calgary riverside communities and downtown businesses.as were suffered in the floods of 2005 and 2013. Many Van Helden Agencies clients were directly affected. http://www.transportation.alberta.ca/sr1.htm
ACE has acquired Chubb, creating a global insurance leader operating under the renowned Chubb name.
An insurance carrier that Van Helden Agencies has worked with for excellent coverage over many years has changed hands.