Industry
Companies trying to stay ahead of the increasing threat of cyberattacks need to be cognizant of one simple fact: there is no perfect antidote or turnkey solution against criminals bent on breaching their systems. “Everyone is hacking into everything,” said Benoit Dupont, professor of criminology at the University of Montreal and the Canada Research Chair […]
By Canadian Underwriter | December 11, 2017
4 min read
Ontario’s mandatory auto insurance discount for winter tires has not been in place long enough to figure out whether it reduces insured losses, but one safety expert compares winter tire skeptics to flat-earthers. The Financial Services Commission of Ontario (FSCO) “does not have aggregate comparison claims data on the effect of the mandated winter tire […]
By Greg Meckbach | December 11, 2017
2 min read
RSM, a global provider of audit, tax and consulting services focused on the middle market, has announced the launch of RSM Canada with an office of about 300 professionals in the heart of Toronto’s financial district. Harry Blum will serve as managing partner of RSM Canada. RSM Canada is comprised of RSM Canada LLP, the […]
By Jason Contant | December 8, 2017
With its fourth major insurance acquisition in 18 months, the manager of Quebec’s public pension funds was looking for exposure to markets in Asia and Latin America, a Caisse de dépôt et placement du Québec spokesman told Canadian Underwriter Wednesday. Caisse, which already has an ownership stake in Sedgwick Claims Management Services Inc., announced Dec. […]
By Canadian Underwriter | December 7, 2017
3 min read
Quebec independent brokerage Fort Financial Group Inc. has acquired Montreal based Assurances ABZ, a property and casualty insurance company specializing in group benefits and serving business owners and executives. Fundamentally, the move is an example of an independent broker finding another independent broker to acquire it, maintaining the overall strength of the independent broker channel. […]
By Jason Contant | December 6, 2017
Manitoba Public Insurance (MPI) is reviewing and intends to “fully comply” with outstanding directives in auto insurance and other matters issued by the province’s Public Utilities Board (PUB), an MPI spokesperson told Canadian Underwriter on Wednesday. PUB brought up the outstanding directives Monday as part of its auto insurance rate filing decision. The regulator said […]
EDMONTON _ Alberta’s energy regulator is making changes that it hopes will keep bad operators out of the oilpatch. Jim Ellis of the Alberta Energy Regulator says his agency will start asking tougher questions of companies applying for a licence to operate. He says the regulator will look at the past performance of companies and […]
1 min read
Ford F-series Super Duty trucks dominated the Insurance Bureau of Canada (IBC)’s 2017 list of Top 10 stolen vehicles because they are perfect for both individuals committing ‘opportunistic’ crimes such as joyriding and for organized crime rings looking to sell parts on the black market. “The reason why you see so many F-150s get stolen […]
By Jason Contant | December 5, 2017
Auto insurance fraudsters are the target of a team of new and dedicated prosecutors and investigators announced by the Ontario government Wednesday. The province said it plans to set up in the spring of 2018 what it calls the Serious Fraud Office (SFO), which will consist of a team of investigators, prosecutors and “specialist.” All […]
By Greg Meckbach | December 5, 2017
This may be a prime time for brokers to start selling cyber insurance to commercial clients. There is still no word on when Canada will have nation-wide mandatory breach notification, but a legal cyber specialist says companies should start to prepare themselves by looking for cyber insurance now. Four months before they were tossed out […]
By Jason Contant | December 4, 2017
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