Industry
Corporate boards are increasingly being exposed to cyber security risk and company boards lack security structures to protect board information, note results of a global survey released Tuesday. Boards continue to communicate through unsecure means, notes findings from the annual corporate governance survey from Thomson Reuters Accelus. The more than 200 corporate and company secretaries […]
By Canadian Underwriter | November 5, 2014
2 min read
VICTORIA – Undercover agents with the authority to hand out fines up to $5,000 will soon be on the prowl for operators of unlicensed, alternative taxi services in British Columbia, says Transportation Minister Todd Stone. Plans to use the plainclothes agents to enforce existing taxi-licensing laws were announced Monday by Stone in reaction to the […]
By The Canadian Press | November 4, 2014
3 min read
More than 1,200 brokerages in Canada are now using Transport Layer Security (TLS), or email security, according to the Centre for the Study of Insurance Operations (CSIO). TLS automatically encrypts emails sent between TLS-enabled parties, protecting them against digital security threats, according to CSIO. TLS operates invisibly and does not have an impact on user experience, […]
By Canadian Underwriter | November 4, 2014
1 min read
Only a small percentage of homeowners and tenants in Alberta and British Columbia cite water damage as a top concern, according to a new poll from Canadian Direct Insurance. Results are based on a recent online survey conducted among homeowners and renters. The results have been statistically weighted according to age and gender, Canadian Direct […]
Marsh has expanded its analytic solutions across the firm globally with recent changes to its real-time Marsh Analytics Platform (MAP). MAP – which helps clients quantify and manage risk financing through a combination of data, analytics and technology – is now being backed by a proprietary global loss database, a trained global team of sales […]
By Canadian Underwriter | November 3, 2014
GPS-maker TomTom has announced that is will now calculate routes based on actual weather conditions, warning drivers of severe weather’s impact on traffic. TomTom Traffic will now warns drivers about upcoming slow moving traffic because of heavy rain or snow. The Dutch company said it is the first to use real-time weather information to calculate routes […]
Commercial insurer CNA Financial Corp. released Monday its financial results for the third quarter, reporting a 2.1-point deterioration in its combined ratio, a 4% drop in net written premiums and a 4.1-point improvement in the combined ratio of CNA Specialty. Chicago-based CNA reported net written premiums of $1.56 billion during the three months ending Sept. […]
The Co-operators General Insurance Company announced Monday that its wholly-owned subsidiary has purchased all of the issued and outstanding shares of a company that operates Drost Insurance Brokerage for an undisclosed amount. The Bath, N.B. brokerage’s portfolio includes approximately $2 million in premiums from home, auto, farm and commercial insurance policies, according to the Co-operators. […]
TORONTO – Fairfax Financial Holdings Ltd. (TSX:FFH) said Thursday that gains on its investment portfolio moved the property and casualty insurance and reinsurance holding company back into profitable territory in the third quarter compared with the same period a year earlier. The Toronto-based company, which reports in U.S. dollars, said net earnings attributable to shareholders […]
By The Canadian Press | October 31, 2014
Fitch Ratings has published a new dashboard report showing changes in the usage of reinsurance and credit exposure to reinsurance recoverables among U.S. property and casualty insurers. Available to subscribers of its reports, Fitch said the dashboard includes a review of the insurers that are the most prominent buyers of reinsurance, and the reinsurers with the […]
By Canadian Underwriter | October 31, 2014
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