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International Insurance Newsletter – June 2018 Edition

International Insurance Newsletter – June 2018 Edition

The world is a complex place and you have a lot to worry about. It is critical that you have the confidence that the insurance broker you choose has the ability and resources to help you globally. We are an authorized Globex International Group Broker Partner in 130 countries around the world. You can depend on us to assist you with all your International Insurance requirements. As your trusted resource for International Insurance Compliance and Risk Management, you can count on us to find the right solutions for all insurance challenges outside of Canada. Please contact us at 1-800-661-1518 or click here if you have any questions or concerns regarding international insurance. Recent Successes: Placed a standalone General Liability policy in Australia with a limit of AUS$20m for a wholesale distributor of automobile wheels. Bound General Liability policies for three resorts in St Maarten on…read more →

International Insurance BREAKING NEWS – Brazil Strikes

International Insurance BREAKING NEWS – Brazil Strikes

Brazil Strikes Brazil is facing one of the worst strikes in its history, caused by the pressure of truckers Unions against the rising cost of fuel, which has doubled in cost. Because Brazil’s heavy reliance on road transportation, this strike has had a major impact on the entire country’s logistics infrastructure and several key highways have been blocked for days, resulting in a virtual halt to deliveries of fuel, food, medicine and other vital supplies. While the government has announced its acceptance of some of the truckers’ demands, it has not been enough to end the strike. Further compounding matters, Petrobras employees and distributors announced a 72-hour strike commencing May 30. The resulting losses in the Brazilian economy are projected to reach billions of dollars and could take months to recover. Globex and our partner brokers in the region are…read more →

500,000 Routers Affected by VPNFilter Malware

500,000 Routers Affected by VPNFilter Malware

Reset Your Router! Recently, researchers at Talos—a cyber intelligence unit of Cisco—warned consumers of malware (malicious software) that specifically targets networking devices. The malware, which is known as VPNFilter, impacts an estimated 500,000 routers worldwide, particularly targeting devices from the following manufacturers: Linksys MikroTik Netgear QNAP TP-Link VPNFilter Could Collect Your Information Without Your Knowledge Once on your equipment, the malware could stop your router from working, collect information from any systems that run through it and even block network traffic. Experts are concerned over the scope of the attack, as anyone owning a router from the affected manufacturers could be at risk, including businesses and individuals. Agencies like the FBI have also expressed concern over VPNFilter, as this particular brand of malware can be used in espionage attacks on military, security and other government organizations. Reduce Your Risk by…read more →

Personal Lines Perspectives: Busting The Top 5 Myths About Car Insurance

Personal Lines Perspectives: Busting The Top 5 Myths About Car Insurance

When it comes to shopping for car insurance, there’s a lot to think about — and everyone seems to have advice and information to share. But how much of what you hear is actually true? Let us make things a little clearer by breaking down some of the most common myths about car insurance. 1. Red cars cost more to insure than any other colour of vehicle. Contrary to popular belief, the colour of your car has no impact on your premium, so driving a red car does not mean you’ll pay more for car insurance. There are several factors that go into determining your premium, including the make and model of your vehicle, the way you drive, and where you live — but colour doesn’t come into the equation. 2. If my friend gets in an accident when he borrows my car, it won’t…read more →

Live Well, Work Well – May 2018 Edition

Live Well, Work Well – May 2018 Edition

How Much Caffeine is Too Much? Classified as a psychoactive drug, caffeine is a bitter substance found in coffee, tea, soft drinks, chocolate, some nuts and certain medicines. It has many effects on the body’s metabolism, including stimulation of the central nervous system. It can make one feel more alert and give a boost of energy. For most people, the amount of caffeine they consume each day is not harmful. However, too much of it can make one feel restless, anxious and irritable. It may also prevent a good night’s sleep and cause headaches and abnormal heart rhythms. Furthermore, if heavy caffeine use stops, it can cause withdrawal symptoms. Certain circumstances call for reducing the amount of caffeine you consume, including the following: You consume unhealthy amounts of caffeine each day, more than 500 to 600 milligrams. This is about…read more →

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