Industry
Two-thirds of surveyed information security professionals report being concerned about the addition of multiple security technologies – often referred to as sprawl – but cite outsourcing as one method being used to combat the issue, note results of (ISC)2’s latest Global Information Security Workforce Survey (GISWS). The GISWS – a web-based survey last October through […]
By Canadian Underwriter | April 21, 2015
5 min read
Intact Insurance has unveiled Lifestyle Advantage, a new type of home insurance coverage that the company says will provide experienced homeowners with the flexibility to “rebuild their lives the way they want” in the event of the total loss of their home or any loss to personal property. “Customers will be under no obligation to […]
By Canadian Underwriter | April 20, 2015
3 min read
The “biggest date” in the insurance industry will be April 24, when Apple Inc. is scheduled to launch its wristwatches, a business professor suggested Thursday to insurance professionals at the CIP Society Symposium in Toronto. “Starting next week on April 24 we will have an organization that will know what about you? Everything,” said Nick […]
By Canadian Underwriter | April 17, 2015
4 min read
U.S. job search website CareerCast.com has ranked the job of actuary as the number one job of 2015. The website reported that “job satisfaction contributes to the No. 1 ranking of actuary in 2015. So, too, does the career’s positive hiring outlook and high average pay” of $94,209. “The anticipated demand for actuaries is due […]
2 min read
Insurance brokerages should have a “diversity in skills” among shareholders and should communicate their succession plan to employees and while acquisitions are one way to grown, most mergers and acquisitions fail, speakers said Tuesday at the CIP Symposium in Toronto. Having a succession plan “and telling your people about it allows you to find very […]
Economical Insurance’s intention to demutualize comes down to the belief that the insurer must be big enough and flexible enough to maintain its presence in Canada’s changing property and casualty space, senior vice president and chief operating officer Tom Reikman suggested during a presentation Thursday. Looking at the landscape, perhaps 10 years from now, “you’re […]
BRADFORD, England – The circumstances surrounding one of England’s worst sporting disasters could be re-examined following allegations that the fire at a soccer stadium which killed 56 people in 1985 may have been started deliberately. A newly published book, written by a man who escaped the blaze at Bradford City’s Valley Parade stadium, says it […]
By Canadian Underwriter | April 16, 2015
Like life insurance, the Canadian market for property & casualty insurance – for personal and small commercial lines – will eventually be “dominated” by two or three major firms, the head of Desjardins General Insurance Group Inc. suggested to insurance professionals Thursday. Sylvie Paquette (pictured), DGIG’s president and chief operating officer, was the luncheon keynote […]
Referral fee and contingency fee arrangements from personal injury lawyers should be filed with the Superintendent of Insurance for review of the impact on auto premiums in Ontario, suggested Ralph Palumbo, vice president, Ontario, with the Insurance Bureau of Canada. The suggestion, in an interview with Canadian Underwriter on Wednesday, came less than a week […]
Symantec reports that a tactical shift in cyber crime unfolded in 2014, with attackers moving to infiltrate networks and evade detection by hijacking the infrastructure of major corporations and using it against them. “We’re seeing attackers trick companies into infecting themselves by Trojanizing software updates to common programs and patiently waiting for their targets to […]
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