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[Bulletin] Important New Rules for Mandatory Privacy Breach Notification, Reporting and Record Keeping in Canada

[Bulletin] Important New Rules for Mandatory Privacy Breach Notification, Reporting and Record Keeping in Canada | Industry News Blog | Scoop.it
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Does Your Business Need Media Liability Insurance?

Does Your Business Need Media Liability Insurance? | Industry News Blog | Scoop.it
Media liability coverage is a type of errors and omissions insurance purchased by businesses that create or distribute content.
James Bennett's insight:

If your clients create, produce or market content they likely need more than a CGL. Speak with a Trisura Underwriter today about coverage options tailored to fit your specific needs!

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Ontario court awards $2.6-billion in Sino-Forest fraud case

Ontario court awards $2.6-billion in Sino-Forest fraud case | Industry News Blog | Scoop.it
Ontario Superior Court Justice Michael Penny found that CEO Allen Chan engaged in fraud, breach of fiduciary duty, and negligence
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A landmark decision in one of the biggest cases of securities fraud in Canada. The Sino-Forest case is a cautionary tale for all.

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Corbella: Workers and employer go to court to fight union trickery

Corbella: Workers and employer go to court to fight union trickery | Industry News Blog | Scoop.it
A new labour law in Alberta designed to empower workers has left a group of Calgary labourers saying they feel tricked, bullied and voiceless.Workers with Icon West Construction allege they were “deceived” into signing union cards and unwittingly made history in what’s believed t
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A Fatal Workplace Accident: A Company President Convicted of Manslaughter

A Fatal Workplace Accident: A Company President Convicted of Manslaughter | Industry News Blog | Scoop.it
This unprecedented Québec judgment is a reminder that no one is immune from a criminal conviction when a serious or fatal accident occurs.
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Ransomware attacks hit two Ontario children’s aid societies | Metro Toronto

Ransomware attacks hit two Ontario children’s aid societies | Metro Toronto | Industry News Blog | Scoop.it
One agency paid $5,000 to regain access to sensitive data, sources say, but officials say no information was ultimately lost.
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Rio Tinto Accused of $700 Million Tax Dodge on Mongolian Mine

Rio Tinto Accused of $700 Million Tax Dodge on Mongolian Mine | Industry News Blog | Scoop.it
Rio Tinto Group has been accused by a Dutch non-profit group of avoiding about $700 million in taxes related to its Oyu Tolgoi copper mine in Mongolia.
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Fairfax Financial buying some of Carillion’s Canadian assets for undisclosed amount

Fairfax Financial buying some of Carillion’s Canadian assets for undisclosed amount | Industry News Blog | Scoop.it
The deal would include facilities management at airports, commercial and retail properties, defence and select healthcare units
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Newfoundland And Labrador Is Going Bankrupt And It's Really, Really Bad

Newfoundland And Labrador Is Going Bankrupt And It's Really, Really Bad | Industry News Blog | Scoop.it
The province could face insolvency within the next ten years.
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What is creating confusion in the cyber insurance market?

What is creating confusion in the cyber insurance market? | Industry News Blog | Scoop.it
The lack of understanding around what is covered and how products are priced continues to sow confusion in the cyber insurance market. Robin Shufelt, assistant vice president of technology and cyber with The Sovereign General Insurance Company (a member of…
James Bennett's insight:

Speak with your local Trisura Underwriter to help you shed light on the vast, and often confusing, options in the Cyber insurance market.

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5 Most Common Ways Employee Theft Occurs

5 Most Common Ways Employee Theft Occurs | Industry News Blog | Scoop.it
Small-business owners aim to hire trustworthy workers, but companies must be aware that theft will occur. Understanding employee theft requires that you look at the type of items thieves go after an
James Bennett's insight:

Learn about how employees theft occurs and talk to Trisura about how we can help protect your business.

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Halifax business owner left 'high and dry' after alleged theft and fraud by former employees | Metro Halifax

Halifax business owner left 'high and dry' after alleged theft and fraud by former employees | Metro Halifax | Industry News Blog | Scoop.it
The co-owner of Lash Envy in Halifax says her former employees stole cash, products and customers, and started their own business.
James Bennett's insight:

Employee theft can devastate a company, especially a small business. Talk to your Trisura underwriter about how a commercial fidelity bond can help protect you.

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Cyber security guide for small business operators

Cyber security guide for small business operators | Industry News Blog | Scoop.it
Research shows 60 per cent of small firms hit by a cyber breach went out of business within six months.
James Bennett's insight:

Small business not immune to attacks. Speak with your Trisura Underwriter today about protecting your clients.

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Ex-Employee at Meridian Nursing Home Accused of Theft | Mississippi News | US News

Ex-Employee at Meridian Nursing Home Accused of Theft | Mississippi News | US News | Industry News Blog | Scoop.it
JACKSON, Miss. (AP) — A former office manager at a Meridian nursing home has been indicted for allegedly stealing money from residents and the facility.
James Bennett's insight:

Employee theft occurs in a variety of industries, including nursing homes.
Talk to your Trisura underwriter about how Fidelity insurance can help protect your business.

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Profitable global cyber market one incident away from a correction, analyst warns

Profitable global cyber market one incident away from a correction, analyst warns | Industry News Blog | Scoop.it
Globally, commercial insurance customers are getting a great deal on cyber insurance right now, but this will only last until a major cyber incident causes a huge, one-time loss for the property and casualty insurance industry, a computer security expert…
James Bennett's insight:

Coverage is broad and premiums are low in the current cyber insurance market. Take advantage before the tides turn by calling your local Trisura Underwriter!

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Are your employees unwittingly invalidating your cyber liability insurance?

Are your employees unwittingly invalidating your cyber liability insurance? | Industry News Blog | Scoop.it
To prevent unintentional invalidation of their policies, businesses must educate employees on a number of related issues.
James Bennett's insight:

Balancing employee education with risk transfer and evolving internal controls are keys to success in today’s digital world. Speak with your local Trisura Underwriter to help your clients today!

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City councillor wants Blue Line expansion on the table

City councillor wants Blue Line expansion on the table | Industry News Blog | Scoop.it
A northeast councillor is pushing for an expansion of the Blue Line LRT, including a possible link to the airport, and says he'd like it to happen before the Green Line is complete.
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How Internet of Things will change product liability

How Internet of Things will change product liability | Industry News Blog | Scoop.it
Product liability could look very different in the future once the Internet of Things (IoT) connects a variety of insured household and business products, Clyde and Co. litigator Prachi Shah told Canadian Underwriter Friday. In existing IoT literature, we hear…
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How IoT will change product liability

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Should insurers even be writing D&O coverage for sexual misconduct claims?

Should insurers even be writing D&O coverage for sexual misconduct claims? | Industry News Blog | Scoop.it
Why are insurers writing D&O coverage for allegations involving sexual misconduct, which is not really an “accident,” but rather an intentional act that is typically excluded from coverage? The question came up last Thursday at a PLUS Canada event in…
James Bennett's insight:

Sexual harassment is more than just a hot topic.

Talk to your Trisura underwriter about how we can help protect your organization.

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Construction’s ‘retirement bubble’ is here: BuildForce

Construction’s ‘retirement bubble’ is here: BuildForce | Industry News Blog | Scoop.it
With 21 per cent of Canada’s current construction workforce anticipated to retire this decade, the industry needs to focus on recruitment and retention to prevent a skills and capacity gap, the findings of the latest BuildForce Canada labour market foreca
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KPMG to be investigated over Carillion auditing

KPMG to be investigated over Carillion auditing | Industry News Blog | Scoop.it
Watchdog opens inquiry into accountancy firm’s role in collapse of construction giant
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The FRC investigation will consider whether KPMG breached any rules, in particular the ethical and technical standards for auditors. Several areas of KPMG’s work will be examined including estimates and recognition of revenue on significant contracts and accounting for pensions.

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A map of fitness-tracker data may have compromised top-secret US military bases around the world

A map of fitness-tracker data may have compromised top-secret US military bases around the world | Industry News Blog | Scoop.it
In countries like Niger, the heat map highlights the activity of US troops on military bases keeping fit.
James Bennett's insight:

Could your company’s data have an unintended use by 3rd parties? Businesses should use caution when sharing information, even when content may seem innocuous.

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Cyber claims against directors and officers to rise in 2018, says Aon firm Stroz Friedberg

Cyber claims against directors and officers to rise in 2018, says Aon firm Stroz Friedberg | Industry News Blog | Scoop.it
Pressure is on as accountability for cyberattacks is increasingly under demand
James Bennett's insight:

With cyber-related D&O lawsuits expected to rise, talk to your Trisura underwriter on how to help protect your company’s directors and officers.

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Workplace harassment complaints in Ontario double after law takes effect | Canadian Occupational Safety

Workplace harassment complaints in Ontario double after law takes effect | Canadian Occupational Safety | Industry News Blog | Scoop.it
Retail, restaurant sectors reported the most sexual harassment
James Bennett's insight:

Workplace harassment complaints are on the rise. It’s important for businesses of all sizes to evaluate the policies in place to help prevent harassment and also consider D&O & EPL insurance to protect the company and its D's & O's. Talk to Trisura to find out more.

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51,000 new jobs added to construction industry in 2017

51,000 new jobs added to construction industry in 2017 | Industry News Blog | Scoop.it
Canada’s unemployment rate fell to its lowest in four decades in 2017, with 51,000 jobs added to the construction industry.
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