Industry
Calgary-based brokerage Godfrey-Morrow Insurance has launched InsureMy, a new brokerage and website focused particularly on auto insurance telematics products in Ontario and Alberta. InsureMy is currently set up to offer Intact’s telematics program to Ontario auto insurance customers. It is also in talks with the Independent Broker Resources Inc. (IBRI), the for-profit arm of the […]
By Canadian Underwriter | November 27, 2014
2 min read
Desjardins General Insurance Group Inc. released Thursday its financial results for the third quarter, reporting a 9.4-point improvement in its combined ratio and a 38.8% increase in net income. Direct written premiums were $581.9 million during the three months ending Sept. 30, up 5.8% from $550.1 million during the same period in 2013. DGIG’s combined […]
Munich Re and Canadian Direct Insurance were among the firms recognized as having the most admired corporate cultures in the country. The list from executive search firm Waterstone Human Capital recognizes 10 companies in each of several revenue categories for their corporate cultures out of hundreds of nominations. The program’s 40-member board of governors, which […]
By Canadian Underwriter | November 26, 2014
1 min read
Allied World North America has launched privacy and network security insurance specifically designed for small to mid-size companies in the Canadian market, the company announced Tuesday. “Privacy//101” is intended for small and medium-sized enterprises – such as law firms, healthcare facilities and other organizations – that experience a data breach involving lost or stolen private information, […]
OTTAWA – The Competition Bureau says municipalities should consider whether moves to ban digital dispatch services and ride-sharing applications are necessary. In a commentary published on its website, the federal regulator said Tuesday that municipalities should look to see if less restrictive regulations could address their concerns. Read more: The Insurance Industry and Regulators Need […]
By The Canadian Press | November 25, 2014
SAN FRANCISCO – Cyber-security researchers say they’ve identified a highly sophisticated computer hacking program that appears to have been used by an as-yet unidentified government to spy on banks, telecommunications companies, official agencies and other organizations around the world. The malicious software known as “Regin” is designed to collect data from its targets for periods […]
By Canadian Underwriter | November 24, 2014
3 min read
Aviva Canada said Monday it is pleased with the recent passage of Bill 15 in Ontario, which takes measures to reduce auto insurance fraud in the province, and has an overall goal of reducing average rates. “We are pleased that the Ontario government passed Bill 15 without issue, it is a good first step,” Karin […]
LOS ANGELES – Against the team of hackers, the poor car stood no chance. Meticulously overwhelming its computer networks, the hackers showed that – given time – they would be able to pop the trunk and start the windshield wipers, cut the brakes or lock them up, and even kill the engine. Their motives were […]
Firms are increasingly using transactional risk insurance in the global deal community to resolve risk issues that arise in their most complex transactions, while buyer-side purchases in the United States and Canada during the first half of 2014 were markedly higher than in the same period of 2013, notes a new report from Marsh. Figures […]
4 min read
Despite feeling they face information security threats, 42% of Canadian businesses have no plans to increase their IT security budgets next year, according to EY Canada. In EY’s Global Information Security survey, 92% of organizations said they are facing rising threats to the information security, but 42% said their budgets would either stay the same or […]
By Canadian Underwriter | November 21, 2014
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