Industry
One week after retiring as president and chief operating officer of Pembridge and Pafco insurance companies, 40-year industry veteran J.R. (Bob) Tisdale has joined the board of the independent adjusting firm CRU Group. Gary Winston, founder and chair of the board of directors of CRU Group, announced the appointment Aug. 25. “Bob is an industry […]
By Jason Contant | August 31, 2020
3 min read
CALGARY – Meltwater from shrinking glaciers is creating vast lakes that could eventually pose an enormous flooding threat, says newly published research. “Unsurprisingly, we found those lakes are growing,” said Dan Shugar, a geographer at the University of Calgary. “What was surprising was how much.” The fact that glaciers around the world are shrinking due […]
By The Canadian Press | August 31, 2020
2 min read
A common blunder the insurance industry makes when working with an insurtech is mistakenly expecting the partnership to be a one-size-fits-all for every issue they’re facing, according to insurtech leaders. In fact, experts said during a recent webinar, you are better off partnering with multiple insurtechs to tackle multiple problems. In other words, work with […]
By Adam Malik | August 28, 2020
WINNIPEG – The Manitoba government says human error resulted in the personal information of 9,000 children with disabilities being unintentionally shared. The province says the breach occurred on Wednesday when staff from Children’s Disability Services sent an email intended for Manitoba’s children’s and youth advocate to about 100 agencies and advocacy groups. The email contained […]
By The Canadian Press | August 28, 2020
1 min read
The corporate parent of Northbridge Insurance has formed its own anti-racism committee and joined a new Canadian organization that aims to create opportunities for visible minorities and indigenous people in the industry. “We have formed a Black Initiatives Action Committee,” said Prem Watsa, CEO of Toronto-based Fairfax Financial Holdings Ltd., whose insurance subsidiaries include Northbridge […]
By Greg Meckbach | August 28, 2020
4 min read
Transaction liability insurance is a valuable tool for helping buyers and sellers facilitate mergers and acquisitions — and presents a significant opportunity for brokers to add value to their client offering and drive revenue growth. From humble beginnings more than 15 years ago, the success of the representations and warranties (R&W) insurance has become widespread, […]
By Adam Malik | August 27, 2020
Once autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public transportation, the propitious economics of the model will result in widespread adoption,” Rahman told Canadian […]
By Jason Contant | August 27, 2020
ST. JOHN’S, N.L. – People who own property in Newfoundland and Labrador but who don’t live there full-time can apply to enter the province next week. Dr. Janice Fitzgerald, the province’s chief medical officer of health, said Wednesday that the travel restriction imposed on non-residents who own cabins and second homes in Newfoundland and Labrador […]
There’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage caused by natural hazards such as flooding, how valuable is that investment going to be […]
By Adam Malik | August 26, 2020
Some Canadian brokerages and insurers recently experienced delays in mail pick-up and delivery after a prominent courier service for the Canadian insurance industry suffered a cyberattack. ICS Courier confirmed in a message on its website Monday that it was the target of a ransomware attack Aug. 19 that impacted “some” of its systems. “We continue […]
By Jason Contant | August 26, 2020
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