ATTENTION - Until further notice, Hubbard Insurance Group will be working remotely from home offices. We will all be available through regular avenues of phone and email; however, we are eliminating in person meetings.

 

Why The D&O Market Will Get Harder

If you have your finger even remotely on the pulse, you will know that one of the major trends in 2020 going into 2021 was how data breaches were going to affect directors’ and officers’ liability claims. According to a new report by Allianz Global Corporate & Specialty (AGCS), “outside the U.S., securities class actions are being filed in rec...

Why You Need Personal Cyber Insurance

Did you know that the average individual loses over $4,000 to cyber criminals? With the ever-growing presence of technology in modern society, more people are at risk of cyber crime than ever before. Hackers look to the vulnerable, unprotected sections of the population and attempt to steal sensitive data such as social insurance numbers as well a...

Mental Health Claims On The Rise

It is no secret that the impacts of the coronavirus are far-reaching and have been devastating for many. Not only have the effects been felt physically, but data suggests that there has been a major increase in claims for medications that treat mental health issues; particularly depression and anxiety. In fact, according to Express Scripts Canada,...

Pandemic Scams To Watch Out For

No matter what happens around us – be it a global pandemic or the apocalypse itself – you can be sure that there will be a group of people looking to take advantage of you. Covid-19 has been no different. Though the Canadian Centre for Cyber Security states that they have taken down an abundance of fake government websites, emails, and notificatio...

Hubbard Hires! Jodi Clarke Joins The Team

We are very pleased to announce the addition of Jodi Clarke to the Hubbard Insurance Group team in the position of Operations Manager. Jodi has developed extensive management experience, people leading, project planning and brings organizational skills to the table that will help her in the duties of supporting the already strong and dedicated tea...

Insurance Market Outlook 2021

The “Triple-Whammy”: Increasing Rates, Limited Capacity and Stricter Underwriting rules  Avoiding for a moment any of the piercing glimpses of the obvious of what the impact of 2020 has had on every single business, we are looking to build on the facts before us and our updates of July and January 2020 respectively. “The commercial insurance ...

The Top 5 Tips For Winter Driving

Though November has been a historically warm month so far, Ontario has seen its first proper snowfall of the year. The Canadian winter is nefarious for many reasons – one of them being how much more difficult it can be to drive in snowy, icy conditions. With that said, whether you are a seasoned driver or someone who is about to drive through wint...

Climate Change Is Worse Than You Think

If it seems like weather forecasts are becoming decreasingly accurate and increasingly speculative – well, that’s because they are. Experts use present-day climate models to predict how severe the weather will be in the future; except those predictions are becoming inaccurate because of the destabilisation of weather that has been observed across ...

What Is the Most Expensive Part of a Cyber Breach?

If you have your finger even remotely on the pulse, then one thing is clear to you – we are living in an increasingly digitized, cyber world. In this world, there are obvious dangers; and these dangers apply universally. When discussing the threat of a cyber-attack, often times the subject of cost comes up. Is it worth it to have cyber protection?...

Data Breaches Cause Long-Term Damage To Businesses

According to a major study conducted by KPMG, as much as 84% of Canadians state that they will reconsider doing business with an organization that has suffered a data breach. To those who have kept their finger on the pulse, this comes as no surprise. As we have mentioned before, cybersecurity is becoming an essential part of any organization’s in...

Hubbard Hires! Welcome Amanda McCormack

We are very excited to announce the addition of Amanda McCormack to our Commercial Insurance Advisor Team this week!! Amanda comes to us with a vast background in client advocacy in the commercial insurance and risk management space, with significant experience in the specialized Transportation Insurance sector. Amanda will be working with new and...

Schools Face Covid-19 Legal Risks

As schools begin to open up all over the country, some institutions have tried to find ways to mitigate their risks regarding Covid-19. According to Lyle Adriano of Insurance Business Canada, “While private schools could issue waivers to students’ parents to allow children to continue attending classes amid the COVID-19 pandemic, legal experts war...

Why Pandemic Pods Aren't The Answer

With the country slowly returning back to normal, schools are beginning to open up; however, this news isn’t welcomed by all sections of the population. Parents who fear for the safety of their kids in schools have decided to set up “Pandemic Pods” – environments to homeschool small groups of children. The issue is, though, that this is not safe. ...

Virtual Care - The New Norm, Part 2

We recently brought to light the introduction of virtual care into the mainstream of the healthcare world. While that piece served as more of a summary for those unfamiliar with virtual care, it is now time to go more in-depth. The International Foundation of Employee Benefits Plans recently conducted a survey and the findings were quite spectacul...

Let's Stick Together

As the country continues to follow the path of opening back up, some of us have started to adjust back into some of our old responsibilities and activities. With some of our customers possibly heading back to work or establishing a ‘new normal’ for themselves and their families, we wanted to reach out to remind you that if you have made changes to...

Virtual Care Is The New Norm

It may not have been a mainstream term in 2019, but the turn of the year has seen the popularization of Virtual Care. Aided by the pandemic, virtual care is quickly becoming the new normal and it is here to stay. So, what is virtual care? Virtual care encompasses any interaction between a patient and their healthcare provider done remotely. If thi...

4 Reasons You Need Directors & Officers Insurance

Directors and officers play important roles in businesses across that country as they form the management team of a corporation. These are professionals who supervise important business affairs and are responsible for making decisions (Directors) as well as overseeing the daily aspects of the organization (Officers). As these professionals are cru...

5 Tips For Driving In A Storm

What a summer this has been already. Severe heat warnings have become the norm and the only relief we may feel comes in the form of severe thunderstorm warnings. We touched upon how climate change has been affecting insurance in the past and it seems like a more relevant topic than ever before. At the time of writing this, there are once again sev...

Insurance Market Outlook 2020 - Mid-Year Update

One of our roles as your insurance advisor is to keep an eye on insurance industry trends and stay ahead of the curve as to the impact changes may have on our client partners. As every year, we did that in January … Right, and now it seems like we're in March 125th, 2020 or whatever the days amount to since the pandemic started. It’s time for a mi...

Cyber Insurance Is Right For Your Business

Have you considered cyber insurance for your business? Here are a few reasons why it might be smart to do so. Cyber insurance is finding its way onto the agendas of businesses everywhere, but it’s still a relatively misunderstood class of insurance. Because of this, many companies find themselves confused about how cyber insurance actually works a...

Heatwave PSA

 

 

Heatwave PSA.

Dealing With Heatwaves

 

 

Source: Canadian Underwriter

Re-Opening Your Business? Here Is A Guide

 

 

Source: Canadian Underwriter

COVID-19 - What The Numbers Say

 

 

Source: Ontario.ca

Enhanced Insurance For The Agriculture Industry

The world is in the middle of a severe pandemic – with various industries feeling the full wrath of COVID-19 on their workforce and their bottom lines. Yet, if you were to walk into a grocery store today, fresh fruit and vegetables continue to adorn the shelves. How do they get there? The agriculture industry, much like every other industry, has s...

Temperature Screening & Glove Use - Insurance Industry Advice

Industry sources are telling us that business’s may expose themselves to legal risk if they don’t adhere to all government recommendations to protect their clients and employees from the spread of coronavirus while re-opening, legal professionals warn. As social distancing rules loosen in various parts of the country, businesses are looking for way...

Risk Management & Insurance

Restarting a business after coronavirus lockdown – a risk manager's perspective Countries are easing their lockdowns in different ways, but businesses are facing similar challenges to resume their activities. Douglas Barnett, director for mid-market and customer risk management at AXA UK, is back at work after recovering from coronavirus. With his ...

Insurance Market Outlook 2020

  At the beginning of each year, we delve into the “Crystal Ball” and predict where the insurance market is going for the next year. We have talked about the onset of the changing insurance market for several years now, and 2019 was when it really hit home; impacting virtually every line of property and casualty lines of business. The Cause P...

The Canadian Emergency Response Benefit - What You Need To Know

The Canadian Emergency Response Benefit (CERB) portal is finally live as of Monday, April 6. This is a resource for all those who have lost their jobs because of the COVID-19 pandemic. Canadians who qualify for this benefit can visit the Canada.ca website for more information or call the toll-free line at 1-800-959-2019. There are two ways to acce...

COVID-19 Update

The situation with the COVID-19 pandemic continues to evolve and we wanted to provide you with an updated overview of the changes we have implemented to keep business running as smoothly as possible. The insurance industry is deemed an essential service along with mail and courier services, so we are here and fully operational. We wanted to reach o...

Surge In Demand For Delivery Drivers

Frontline workers represent the best of us right now – the medical professionals putting themselves at risk every day to ensure our safety, the service industry workers working tirelessly to keep everyone fed, and the delivery drivers who make sure we can get our food without exposing ourselves to the virus. This in turn has resulted in a demand f...

The Best 5 Tips For Working From Home

With the aggressive spread of COVID-19 throughout the world, strict social-distancing and self-isolation techniques are being employed by people around the globe. For many, this has meant a major shift in their work environments – as working from home is fast-becoming the main solution as companies work to battle the spread of the virus. However, ...

Top 5 Ways To Stay Healthy During The COVID-19 Outbreak

Staying healthy is usually pretty simple – it all comes down to the basic fundamentals of a balanced diet, exercise, positive social interactions, and getting a good amount of sleep. However, with the vast majority of people self-isolating due to the pandemic, it’s all becoming a bit tricky! So how does one stay mentally and physically healthy du...

COVID-19 – What You Need To Know

As of March 16, there are 177 confirmed cases of COVID-10 in Ontario alone – with numbers steadily rising throughout the country. This has led to an increase in panic amongst the populous with some engaging in panic-buying and even more self-isolating. With all kinds of misinformation out there, what are the facts? How dangerous is it? What do you...

Top 6 Business Risks of 2020

    2020 marks the beginning of a brand-new decade. 20 years on from the turn of the millennium and the craze surrounding the Y2K bug, the risk landscape for Canadian businesses continues to evolve and expand. Whereas the technological and cybersecurity risks touted in previous decades may have been without much substance, this new era wi...

BREAKING NEWS – MITSUBISHI ELECTRIC SUFFERS MAJOR CYBERATTACK

Mitsubishi Group’s electronics and electrical equipment arm – Mitsubishi Electric – has suffered a major cyberattack. According to a statement from the company, sensitive information on government agencies and other business partners has been compromised – and that a Chinese group is the prime suspect behind this attack. As reported by The Japan T...

Hubbard Hires Alert - Welcome Elaine Dean!

Hubbard Insurance Group is delighted to announce the addition of Elaine Dean to our Personal Lines Division as the brand new Personal Insurance Team Lead! Elaine comes to us with over 20 years of experience as a RIBO licensed broker. Her focus has been client service and account management; with her personal insurance expertise including team work...

2019 Cyber Review - Millions Affected by Breaches

Though National Cyber Security Awareness month may be behind us, the focus on cybercrime remains constant. Just this year, there have been reports of massive data breaches in major corporations like Uber, DoorDash, Canva, and Desjardins. However, as we have discussed in the past, the vast majority of data breaches aren’t ever actually reported on ...

Top 5 Winter Home Tips

  It’s that time of the year again! Just as Jon Snow predicted, winter has come. With the country firmly in the middle of December and heading into the start of the New Year, an ever-increasing soft white blanket rests upon the grounds upon which we all walk. As beautiful as winter may be, though, this is a time of increased risk for home-owne...

Hubbard Hires Alert!

We are delighted to announce the addition of Jeanette Sangalang-Dela Paz to the Hubbard Insurance Group as a Personal Insurance Advisor! Jeanette brings with her over 13 years of experience in the personal insurance industry in client service, business development, compliance, and claims assistance. At Hubbard, we put an emphasis on the personal...

Cyber Crime and Transport

The concept seems a strange one. Why would cyber criminals go after transport? The usual suspects when it comes to cybercrime tend to be financial institutions – such as the recent hacks on Desjardins and Capital One. The answer, though, is rather simple. Cyber criminals go wherever there is technology. If that technology can be exploited in a boo...

Driver's Listing Reminder Alert

It has become much more important that we keep our drivers listing current and that we not allow anyone who is not listed as a driver to use one of our units.  While there was a time that as long as the driver was legally licensed to drive, we could ‘technically’ allow any driver to drive our vehicles. However, the insurance companies have bec...

Desjardins Cyber Attack Much Worse Than First Thought

The Desjardins cyber breach is far worse than it initially seemed according to a new statement from the company.   In a statement released by Guy Cormier, the president and chief executive of Desjardins, it was announced that over 4.2 million members had their information entirely compromised. This number is significantly higher than the init...

RISK Management, Insurance Directors & Officers Liability - Survey Results

A 2016 Private Company Risk Survey shows that more than one in four Canadian private companies surveyed experienced a Directors & Officers (D&O) liability loss in the past three years — and 97 percent of those companies were impacted financially. Such losses impact companies of all sizes and industries, ranging from construction, to manufac...

Major DoorDash Data Breach

  The food delivery giant DoorDash confirmed on Thursday that nearly 5 million customers have been left exposed due to a massive data breach. The hack seems to be an all-encompassing one as customers, delivery workers, and merchants were all left vulnerable with their data being stolen. Despite the fact that it is now nearly October, this bre...

Costs for Employer-Provided Medical Benefits to Rise in 2020

It seems that insurance costs are increasing every time we look – whether it’s because of the nature of the market or because technology is making everything more expensive. From home insurance to auto insurance, we’ve covered the recent increases and the reasons for them. However, there is now a new increase – but is this different? According to...

The Most Dangerous Form of Driving

We’ve all seen our fair share of dangerous drivers on the road – people who believe that they are auditioning for the Jeff Gordon biopic with their hard accelerating and braking, as well as their aggressive cornering. Yet, it turns out that all those forms of dangerous driving are statistically insignificant when it comes to car crashes. Research...

Jewellery Insurance - Why You Need It

The value of jewellery is often twofold: monetary and sentimental. Buying an engagement ring can set you back thousands of dollars – but it symbolises love and affection; and that is literally worth its weight in gold. Imagining losing something of such value? Who hasn’t misplaced a ring or some other form of jewellery? Whilst the sentimental valu...
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