Caitlin Gaudet

Jul 17, 2023 | thompsonsnews.com | Caitlin Gaudet

July 14, 2023 — It is now summer break time for Thompson’s, with our annual publishing scheduling running from the second Monday in September to the second Monday in July. Our next weekly edition will be delivered Sept. 11 and our daily email upgrade service will resume Sept. 5. Until then, we sincerely wish all of our readers and supporters a very safe and happy summer.

Jul 17, 2023 | thompsonsnews.com | Caitlin Gaudet

July 14, 2023 — IN 2022, Gallagher Re built a machine-learning model and combined it with historical data to better understand which elements of external scanning are more predictive of cyber insurance claims at the point of underwriting. The broker said in a recent ‘Cyber IQ’ report that it found external scanning excels at identifying the worst 20% of risks, which appear more likely to suffer a cyber-related insurance claim.

Jul 17, 2023 | thompsonsnews.com | Caitlin Gaudet

July 14, 2023 —A NUMBER of lawsuits were filed late last month with a two-year limit expiring on legal action to seek damages stemming from the 2021 wildfire that levelled the town of Lytton, B.C.First to the B.C. Supreme Court was the law firm of Slater Vecchio, based in Vancouver and Montreal, which filed an action in October 2021 on behalf of Christopher O’Connor, since deceased, and Jordan Spinks, former chief of the Lytton First Nation.

Jul 17, 2023 | thompsonsnews.com | Caitlin Gaudet

July 14, 2023 — THE LABOUR dispute at the port of Vancouver will likely negatively affect the supply of auto parts and construction materials, and that will in turn worsen the inflationary claims environment for Canadian p&c insurers, DBRS Morningstar has warned. The credit rating agency said in a report earlier this month that the strike will also test post-pandemic supply chain insurance coverage.

Jul 17, 2023 | thompsonsnews.com | Caitlin Gaudet

July 14, 2023 — THE PRESIDENT of Canada’s p&c policyholder protection provider has reiterated his frustration with the need to go with a ‘Plan B’ due to the lack of federal government action on the systemic risk posed by earthquakes.