Claims
An effort to forbid Ontario insurers from terminating a policyowner’s contract on the basis of a claim arising from a declared public emergency highlights concerns over the lack of a government backstop for home flood coverage, an Insurance Bureau of Canada official suggested Monday. With Bill 179, politicians are looking for a type of “accident […]
By Jason Contant | November 28, 2017
2 min read
Brokers should not assume that a client who has bought a cyber or crime policy is covered for the risk of innocent employees who are duped into making fraudulent money transfers. ‘Social engineering fraud’ is a broad term describing scams in which criminals try to trick, deceive and manipulate victims into giving out confidential information […]
By Jason Contant | November 27, 2017
3 min read
Swirling in the eddies of confusion about overland coverage, frustrated Canadian brokers are threatening to drop carriers and are worried about errors and omission (E&O) claims related to overland flood insurance. Canada-wide, there is a “host of wordings out there” for flood coverage, Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR), […]
By Jason Contant | November 24, 2017
Insurers in Canada should have no choice but to report to fraud to law enforcement and to industry peers, be it is claims for healthcare services that were not provided or bills for repairs that were never done, an Aviva Canada official suggested Thursday. “The provincial regulators of insurers need to compel the insurers in […]
Nova Scotia motorists will probably get permission early next year to present electronic proof of auto insurance without having to carry paper pink slips in their vehicles, the president of the province’s broker association predicts. Insurance Brokers Association of Nova Scotia (IBANS) has endorsed the Centre for Study of Insurance Operations’ eDelivery products, which are […]
By Jason Contant | November 23, 2017
The theft of details on millions of Uber customers, and the company’s efforts to cover up the breach, have raised alarms among privacy experts and renewed calls for better data protection laws in Canada. Uber admitted Tuesday that hackers stole names, email addresses and mobile phone numbers of 57 million riders close to a year […]
4 min read
Halifax has the highest collision frequency rate (7.9%) in Canada this year, according to the Allstate Insurance Company of Canada’s 2017 Safe Driving Study. It’s the third consecutive year that Halifax has topped Allstate’s study of collision frequency in Canada. Ajax, Ont. (7.77%) and North York, Ont. (7.67%) rounded out the top three communities with […]
By Canadian Underwriter | November 22, 2017
1 min read
TORONTO – Privacy advocates are raising alarms at Uber’s reluctance to disclose a year-old security breach that saw hackers steal the personal information of millions of customers around the world. Uber admitted Monday that hackers stole names, email addresses and mobile phone numbers of 57 million riders but has still not said which customers had […]
By Jason Contant | November 22, 2017
Despite the consequences of distracted driving – a $280 fine and four demerit points under Saskatchewan Government Insurance’s (SGI) Safe Driver Recognition program – it continues to be the leading cause of all traffic collisions. Police in Saskatchewan issued a total of 486 tickets for distracted driving – including 391 for using a cellphone while […]
By Canadian Underwriter | November 21, 2017
VANCOUVER – Anyone casually surfing the internet at home can be deployed as an unwittingly productive member of a hacker’s workforce, a practice known as “cryptojacking” that is on the rise. Internet sleuths have discovered malicious code on the websites of several major companies – including Canada’s Loblaw Companies Ltd. – left by cryptojackers looking […]
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