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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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2 in 10 Canadians have been sexually harassed in the workplace: Ipsos poll

2 in 10 Canadians have been sexually harassed in the workplace: Ipsos poll | Industry News Blog | Scoop.it
A recent poll by Ipsos suggests three in 10 women and one in 10 men have been sexually harassed at their place of work.
James Bennett's insight:

Talk to your Trisura underwriter about how employment practices liability insurance can complement the policies and protocols in place at your business to combat sexual harassment.

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Supreme Court rules employees can allege workplace harassment against people from other companies

Supreme Court rules employees can allege workplace harassment against people from other companies | Industry News Blog | Scoop.it
The Supreme Court of Canada has ruled a B.C. worker who was harassed at a worksite by a contractor for another company, can file a human rights complaint.
James Bennett's insight:

The scope of workplace harassment has been broadened by a Supreme Court decision. Talk to your Trisura underwriter about how we can help protect against these exposures.

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Insurance Coverage in the Post-Weinstein Era

Insurance Coverage in the Post-Weinstein Era | Industry News Blog | Scoop.it
Sexual harassment other inappropriate sexual conduct insurance coverage claims something every company should consider D&O insurance EPLI insurance
James Bennett's insight:

Sexual harassment in the workplace and your EPL coverage – talk to your Trisura Underwriter today about the coverage available for EPL and Third Party Employment Practices

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'Tis the season for cybercrime...

'Tis the season for cybercrime... | Industry News Blog | Scoop.it
Consumers planning on purchasing their Christmas gifts online could be at risk of losing up to R70 000 per incident to cybercrime, says global IT group Dimension Data.
James Bennett's insight:

Experts advise caution with online holiday purchases 

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Artificial intelligence to fuel a new cybersecurity race, say experts | Canadian Insurance

James Bennett's insight:

“The main issue is that if you’re defending a system you have to be good 100 % of the time, but when you’re attacking the system you only have to be successful once to get in.”

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New ransom tactics are ‘unstoppable’ — as North Carolina county discovers

New ransom tactics are ‘unstoppable’ — as North Carolina county discovers | Industry News Blog | Scoop.it
Hackers have new tools that allow them to make infected emails look like they are from trusted friends or co-workers, worming their way into networks.
James Bennett's insight:

‘Unstoppable’ attacks are on the rise and risk transfer may be the only option. Speak with your local Trisura Underwriter today to discuss options for your clients.

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Ontario Passes Legislation to Modernize Construction Laws

Ontario Passes Legislation to Modernize Construction Laws | Industry News Blog | Scoop.it
Today, Ontario passed legislation to improve the efficiency and competitiveness of the construction sector.
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New federal law may make cyber a must-have

New federal law may make cyber a must-have | Industry News Blog | Scoop.it
This may be a prime time for brokers to start selling cyber insurance to commercial clients. There is still no word on when Canada will have nation-wide mandatory breach notification, but a legal cyber specialist says companies should start to…
James Bennett's insight:

Administrative monetary penalties could reach $100,000 once Breach Notification laws pass in Canada 

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As Alberta rebounds, massive inventory of unsold condos raises concerns

As Alberta rebounds, massive inventory of unsold condos raises concerns | Industry News Blog | Scoop.it
Nearly 30 per cent of Canada's built-but-unsold housing units are in the province, a sizable inventory that could drive down prices
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Rating agency hits Alberta with another credit downgrade

Rating agency hits Alberta with another credit downgrade | Industry News Blog | Scoop.it
An improving Alberta economy and a pledge to cut costs of the public sector weren’t enough to head off another credit downgrade for the NDP government.
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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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Securing Your Small Business From Internal And External Theft - Information Security Buzz

Securing Your Small Business From Internal And External Theft - Information Security Buzz | Industry News Blog | Scoop.it
For large multinational corporations, a few million dollars per year in stolen revenue or inventory shrink is expected, average, and altogether a blip on the radar. For startups and small businesses, theft can be a catastrophic event. It is difficult enough to grow in this competitive marketplace already, even worse when you are faced with …
James Bennett's insight:

Check out these tips on how to protect your small business from theft and contact your Trisura underwriter to learn more about how adding Fidelity coverage to your risk management program can help protect you.

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Canadian executives say sexual harassment isn’t an issue at their companies: report

Canadian executives say sexual harassment isn’t an issue at their companies: report | Industry News Blog | Scoop.it
C-Suite Survey shows 94 per cent of respondents believe misconduct is not a problem in their workplace, but data from Statistics Canada shows otherwise
James Bennett's insight:

Sexual harassment is an increasingly important issue to combat in the workplace. Talk to your Trisura underwriter about how we can help protect your company.

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Yet Another Data Breach-Related Securities Suit Filed | The D&O Diary

Yet Another Data Breach-Related Securities Suit Filed | The D&O Diary | Industry News Blog | Scoop.it
While commentators (like me) were predicting a blitz of data breach-related D&O litigation, the anticipated onslaught failed to materialize. The few cases that were filed –in the form of shareholder derivative suits — were unsuccessful. More recently, however, plaintiffs’ lawyers have been taking a different approach to data breach-related D&O lawsuits, filing their cases in … Continue Reading
James Bennett's insight:

Another class action securities lawsuit filed against Ds & Os for a data breach.

Talk to your Trisura underwriter about how you can potentially protect your company against these types of exposures.

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The Wolf ft. Christian Slater | HP

If you're not taking your printer security seriously, someone else might be. From director Lance Acord comes The Wolf starring Christian Slater. To lear
Trisura's insight:

Here is a great tool to help brokers educate their clients on the frightening reality of cyber risk. HP’s recent cyber security campaign starring Christian Slater does more than promote it’s shiny new line of security-enabled office printers with Hollywood production value. From award-winning cinematographer Lance Acord (Lost in Translation, Where the Wild Things Are), “The Wolf” is a 6-minute film that depicts a step-by-step approach that a savvy hacker could follow in order to infiltrate the entire network of a financial institution, and steal private information using malware.

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Executive Liability for Data Breach Notification Delay? | The D&O Diary

Executive Liability for Data Breach Notification Delay? | The D&O Diary | Industry News Blog | Scoop.it
The outrage that followed Uber’s revelation that hackers had accessed 57 million passenger and drive records was not about the breach itself. It was about the accompanying disclosure that the company had kept the news of the data breach secret after paying the hackers a ransom. The outrage at these disclosures was not lost on … Continue Reading
James Bennett's insight:

The challenge of accurate reporting of data breaches and timely disclosure requirements is putting increased pressure on companies and their executives. Talk to you Trisura underwriter for D&O and Cyber liability insurance options.

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Cyber risk and the M&A boom | Canadian Insurance

James Bennett's insight:

Considering buying or selling a business? Proper cyber protection may be your best defense against a lower valuation. Speak with a local Trisura Underwriter today about options for your clients.

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Construction Lien Amendment Act Has Passed Unanimously; Prompt Payment Ontario Commends Support for a Stronger Ontario

Construction Lien Amendment Act Has Passed Unanimously; Prompt Payment Ontario Commends Support for a Stronger Ontario | Industry News Blog | Scoop.it
TORONTO, Dec. 5, 2017- Construction Lien Amendment Act Has Passed Unanimously; Prompt Payment Ontario Commends Support for a Stronger Ontario.
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Israeli paper Haaretz says lawsuit by Ontario billionaire Mitchell Goldhar is case of 'libel tourism' | Toronto Star

Israeli paper Haaretz says lawsuit by Ontario billionaire Mitchell Goldhar is case of 'libel tourism' | Toronto Star | Industry News Blog | Scoop.it
Billionaire Mitchell Goldhar is suing the Israeli newspaper for libel, arguing it attacked his reputation in Ontario, where he lives and does business. The case has reached the Supreme Court of Canada.
James Bennett's insight:

Could a case of “libel tourism” open Canadian companies to be sued in other countries, with potentially weaker justice systems, for articles posted online.

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Pembina Pipeline approves construction of $260M propane export facility on B.C. island

Pembina Pipeline approves construction of $260M propane export facility on B.C. island | Industry News Blog | Scoop.it
Pembina Pipeline Corp. says its board of directors has approved construction of an export terminal at Prince Rupert, B.
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