Insurable Interest Canadian Insurance Blog

Cyberattacks on Vehicles are a Serious Threat HSB Commercial Cyber for Auto covers damage to systems and data when work vehicles are hacked Key protection pays for lost business income from vehicle cyberattacks Additional coverage includes towing, transportation, and loss of use Toronto, ON (Feb. 18, 2026) – HSB is pleased to announce a new cyber insurance coverage that protects internet-connected commercial vehicles from hackers and pays for lost business income resulting from cyberattacks. HSB Commercial Cyber for Auto also covers cyber extortion, identity theft, and includes alternative transportation when targeted work vehicles can’t be operated. “Cyberattacks on commercial vehicles are a real and growing threat,” said Eric Hendricksen, commercial cyber practice lead for HSB, part of Munich Re Group. “With millions of connected commercial cars and trucks on the road, cybercriminals could hack into apps and automobile connections. Business owners need to get ahead of this emerging risk to data security, operations, and vehicle safety.” Comprehensive Protection for Commercial Fleets HSB Commercial Cyber for Auto is designed to help small and medium-sized businesses recover from disruptions caused by auto-related cyberattacks. Coverage for commercial vehicles includes: Cyberattacks, including damage to the vehicle’s systems, devices, or data from a malware attack....

Collaboration provides shared analytical foundation for helping to bridge the gap between sustainability, insurance and financial modeling for industries including banking, asset management, and real estate investment Jersey City, NJ (Feb. 17, 2026) – S&P Global Energy, the leading independent provider of information, analytics and benchmark prices for the commodities, energy and energy expansion and transition markets, and a division of S&P Global, and Verisk, a leading strategic data analytics and technology partner to the global insurance industry, are pleased to announce a new data-sharing collaboration designed to provide climate catastrophe exposure data and insights for the financial and insurance sectors. For the first time, powered by differentiating data from both companies, these sectors will be enabled to quantify the insured and uninsured financial impacts of future climate and near-term natural catastrophe events, creating a new industry benchmark for climate risk intelligence. Catastrophic events such as the recent record-setting losses from natural hazards underscore the urgent need for robust, forward-looking risk analytics to safeguard assets and support sustainable growth. This collaboration between two leading risk and data analytics providers helps to fill a critical gap in the market—offering a strong, auditable foundation for both insurance and financial institutions to manage climate...

Business email compromise and funds transfer fraud still comprise the majority of cyber insurance claims, data shows Vancouver, BC (Mar. 5, 2026) — Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, has released the findings of its 2026 Cyber Claims Report, revealing that initial ransom demands in the full-year 2025 surged 47% year-over-year (YoY). However, while ransomware actors substantially increased their demands, a record 86% of businesses refused to pay, suggesting that organisations have improved their cyber resiliency with viable data backups and incident response plans. “The data suggests a turning point in the economics of ransomware: while threat actors escalate their demands to push for higher, seven-figure payouts, cyber insurer support is helping businesses limit losses and is starting to help tip the scales back in favor of defenders,” said Rob Jones, Coalition’s Global Head of Claims. “Ultimately, we’re seeing the continuous partnership that Active Insurance offers between Coalition and our policyholders is reshaping the loss profile of cyber insurance and creating better outcomes.” While ransomware was the most costly type of claim in 2025 with an average loss of USD $269,000, business email compromise (BEC) and funds transfer fraud (FTF)...

Acquisition advances comprehensive AI-powered platform for omnichannel management, orchestration, and digital delivery of regulated customer communications Toronto, ON (Mar. 5, 2026) – Messagepoint, a leading customer communications management (CCM) solutions provider, is pleased to announce the acquisition of Sefas, a CCM and enterprise communications processing (ECP) software vendor. Enterprises—especially in regulated industries—are under growing pressure to communicate faster and more accurately across channels, while reducing the cost and effort required to manage those communications. This acquisition strengthens Messagepoint’s ability to move organizations from fragmented document production to an orchestrated, trackable communications journey across channels. The acquisition builds on Messagepoint’s established OEM partnership with Sefas, first announced in 2021, and will accelerate product innovation through deeper platform integration. Messagepoint currently OEMs key Sefas solutions, including Messagepoint Composer (Sefas Designer) and Messagepoint ECP (Sefas Producer), to help organizations modernize regulated communications management across print and digital channels. In addition to deepening existing integrations, Messagepoint plans to bring additional solutions to customers—most notably Conductor, an omnichannel orchestration layer that coordinates and tracks high-volume print and digital communications, and Electronic Delivery Gateway (EDG), which helps integrate and manage digital delivery services. This acquisition positions Messagepoint to deliver an AI-powered platform that supports a more...

Crawford leaders offer expert insight into the trends and forces that will shape the U.S. claims landscape in 2026 Atlanta, GA (Mar. 5, 2026) – Crawford & Company® is pleased to announce a new report, Built for the Future: U.S. Predictions Report 2026, which explores the forces reshaping the insurance claims industry and offers expert insight into how organizations can prepare for what lies ahead. As the industry enters 2026 amid evolving catastrophe risk, accelerating digital adoption, and shifting market conditions, the report brings together perspectives from Crawford leaders across its U.S. operations. Their insights highlight where the claims ecosystem is headed and what it will take to build resilience, intelligence, and adaptability in an increasingly complex environment. “Built for the Future reflects how the claims industry is moving from discussion to action,” said Mike Hoberman, CEO, U.S. Operations. “The organizations that succeed in the years ahead will be those that invest intentionally in resiliency, embrace data and automation thoughtfully, and remain agile as market conditions continue to evolve. By doing so, they will be better positioned to leverage their expertise and drive meaningful results as the landscape transforms.” The report examines four key areas shaping U.S. insurance claims in 2026: Catastrophe recovery trends and the...