Claims
Businesses may have started planning for the day when drones help their future plans take flight, but experts say corporate visions will have to stay more grounded for several years. The regulatory framework that has made Canada a welcoming destination for small-scale commercial drone use is in no way ready for a more broad-based adoption […]
By Canadian Underwriter | April 2, 2015
4 min read
WASHINGTON – President Barack Obama on Wednesday created the first-ever sanctions program to penalize overseas hackers who engage in cyber spying and companies that knowingly benefit from the fruits of that espionage, potentially including state-owned corporations in Russia and China. “Cyberthreats pose one of the most serious economic and national security challenges to the United […]
2 min read
Property and casualty insurer Zurich Canada announced on Wednesday that it has launched a new drone insurance product. The new package, developed in partnership with UK-headquartered Global Aerospace Underwriting Managers Limited, will help customers across a range of industries take advantage of the risk mitigation and cost saving opportunities available through the use of Unmanned […]
By Canadian Underwriter | April 1, 2015
3 min read
A college professor in the United States has created a 2,200-year-long record of flood events he says may also help predict future climate change. Rhawn Denniston, a professor of geology at Cornell College, a private liberal arts college in Mount Vernon, Iowa, said in a statement on Monday that his research team applied a “novel […]
Brokers' privacy risk is no longer an afterthought. In years past, privacy risk may have garnered far less attention than more commonly acknowledged risks, including errors and omissions. But the little risk has now grown large enough that brokers are well-advised to adopt both prevention and mitigation strategies.
By Brenda Rose, Vice President and Partner, FCA Insurance Brokers; and Technology Champion, Insurance Brokers Association of Canada|Brenda Rose, Vice President and Partner, FCA Insurance Brokers; and Technology Champion, Insurance Brokers Association of Canada | March 31, 2015
7 min read
Saskatchewan's first proposed overhaul of its insurance legislation in decades seeks to modernize requirements and harmonize provisions with those in Alberta and British Columbia. Changes revolve around, among other issues, fair and unfair practices, insurance intermediaries and self-evaluative audits.
By Carol Lyons, Partner and Co-chair, Insurance, Financial Services Regulatory; Ke-Jia Chong, Student-at-Law, McMillan LLP|Carol Lyons, Partner and Co-chair, Insurance, Financial Services Regulatory; Ke-Jia Chong, Student-at-Law, McMillan LLP | March 31, 2015
Why is now the time for homeowner overland water protection? With Canada seeing more rain every year, this type of protection will only become more important in future. The country's first such coverage for residential properties, working in concert with sewer back-up protection, seeks to meet that need.
By Sharon Ludlow, President, Aviva Insurance Company of Canada|Sharon Ludlow, President, Aviva Insurance Company of Canada | March 31, 2015
5 min read
The "car accident business" is not only big and expensive, it is ever-changing and ever-evolving. A co-ordinated campaign by all players in the property and casualty industry is critically important to gain ground and drive back auto insurance fraud estimated to cost more than $1 billion a year in Ontario.
By Ralph Palumbo, Vice President, Ontario, Insurance Bureau of Canada|Ralph Palumbo, Vice President, Ontario, Insurance Bureau of Canada | March 31, 2015
CANADIAN MARKET Quebec brokerage sector a model: Study Quebec’s brokerage industry is the driving model for damage insurance, notes a new study, sponsored by BMO Bank of Montreal. The Regroupement des cabinets de courtage d’assurance du Québec commissioned Raymond Chabot Grant Thornton to provide an overview. Key findings include that in Quebec, the brokerage sector […]
March 31, 2015
6 min read
Frequent extreme weather events are a new wild card that demand acknowledgment and preparation, Gregor Robinson, senior vice president of policy and chief economist for the Insurance Bureau of Canada (IBC), suggested Tuesday during Swiss Re’s 30th Canadian Industry Outlook Breakfast. More frequent extreme weather events “can, overnight, turn a good year into a bad […]
By Canadian Underwriter | March 31, 2015
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