Industry
The "connected world" is the focus of InsureMy Ltd., a Calgary brokerage specializing in telematics and headed by Hugh McTavish.
By Greg Meckbach, Associate Editor|Greg Meckbach, Associate Editor | May 31, 2015
5 min read
1 Allianz Global Corporate & Specialty SE (AGCS) announced in May that Ulrich Kadow [1] has been appointed chief agent for AGCS Canada. Kadow was previously AGCS’s global head of package and multi-line, “where he established the mid-market property, liability and engineering business in Canada, Asia, South Africa, Australia and Denmark,” notes a company statement. […]
May 31, 2015
4 min read
The province of Ontario has introduced the Protecting Condominium Owners Act, which, if passed, would “strengthen financial management rules for condo corporations to help prevent fraud and mismanagement.” Bill 106, which passed first reading on Wednesday, would require condo boards to issue “information to owners on a regular basis on topics such as the corporation’s […]
By Canadian Underwriter | May 29, 2015
3 min read
Canada’s House of Commons passed Thursday a time allocation motion on a bill that proposes to require organizations to inform both individuals and the federal Office of the Privacy Commissioner if personal information is lost or stolen. Bill S-4, the Digital Privacy Act, would create new offences for deliberately failing to report data breaches to […]
7 min read
Two-thirds of nearly 200 directors of public companies are not fully confident their companies are properly secured against cyberattacks and almost half said that cybersecurity matters are discussed at “most meetings,” according to a joint study released Thursday by the New York Stock Exchange Governance Services and Veracode, a cloud-based application security services company. The […]
2 min read
Canada’s property and casualty insurance industry has taken important strides to provide coverage for select cyber security risks, but the lack of data around other related threats has prevented insurers from moving forward with more comprehensive offerings, attendees of an Insurance Institute of Canada (IIC) forum in downtown Toronto heard Thursday. Paul Kovacs, founder and […]
By Canadian Underwriter | May 28, 2015
The average consolidated total cost of a data breach in Canada was $5.32 million, according to the first Canadian study of its kind from the Ponemon Institute in Traverse City, MI. Released on Wednesday, the inaugural 2015 Cost of Data Breach Study: Canada found that the average cost per lost or stolen record was $250 […]
TORONTO – Transport Canada has released a detailed list of vehicles being recalled in Canada due to faulty airbags made by Japan’s Takata Corp., saying 1.2 million vehicles in this country are part of the worldwide recall. The list of affected vehicles was posted online and includes the Honda Civic, Accord, and CR-V, Chrysler products, […]
Desjardins General Insurance Group Inc. released Thursday its financial results for the three months ending March 31, reporting a 7.3-point deterioration in its loss ratio, a 343% increase in net income and organic growth in net premiums written of 7%. Levis, Quebec-based DGIG said its direct written premiums in the most recent quarter were $908.7 […]
The Canadian p&c insurance industry saw a combined ratio of 103.6% in Q1 2015, compared to 102.6% in Q1 2014, while commercial lines writers saw an improved combined ratio of 102.2% in Q1 2015 from 104.4% a year earlier, said Joel Baker, president and CEO of MSA Research Inc., during the opening presentation at the […]
By Canadian Underwriter | May 27, 2015
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