Industry
NEW YORK — Home Depot is investigating a potential credit card data breach. The Atlanta home improvement retailer told The Associated Press Tuesday that it’s looking into “unusual activity” and that it’s working with both banks and law enforcement. The possible data breach was first reported by Brian Krebs of Krebs on Security, a website […]
By Canadian Underwriter | September 3, 2014
1 min read
Two brokerages with a combined total of six branches in Ontario – Neziol Insurance Group and Ottawa Valley Insurance – are joining Intact Financial Corp.’s BrokerLink subsidiary. The presidents of both firms will stay on with BrokerLink, which has 98 offices supported by more than 950 employees. Neziol Insurance Group has locations in Brantford, Oakville […]
2 min read
CHICAGO – Researchers are tripping seniors on purpose, and it’s not some kind of warped practical joke. One 81-year-old woman – who tends to trip on uneven sidewalks – had sensors taped to her arms and legs, allowing scientists to track and analyze her movements. The experiment is among techniques being studied to prevent falls, […]
4 min read
The National Insurance Crime Bureau (NICB) released Wednesday a report on tailgate thefts in the United States, noting three cities in Texas had the greatest number of thefts. NICB’s report was based on claims data submitted by insurance companies between January 1, 2012 and December 31, 2013. “The top three cities for tailgate thefts were: […]
Commercial brokerage and risk management firm Marsh Canada announced Wednesday the acquisition of Montreal-based construction and surety provider Kocisko Insurance Brokers Inc. “Kocisko focuses on providing commercial insurance and risk management solutions to construction and surety operations throughout the province of Quebec,” Marsh said in a release. ” The Kocisko team will join Marsh Canada’s […]
A new breed of industry challengers are coming from technology and Silicon Valley companies to test insurers’ historical views of competitors, suggests a research brief issued Tuesday by Strategy Meets Action (SMA). There have been numerous articles and blogs regarding the potential of companies like Google, Apple, Amazon, eBay and other technology companies entering the […]
The outlook for Canadian insurers remains stable in the wake of a recent turbulent period, but although insurers appear well-positioned to manage ongoing and upcoming challenges, they must guard against becoming complacent, notes A.M Best’s new special report on Canadian property/casualty & life insurance. “Property/casualty insurers endured a string of catastrophe losses in 2013 and […]
By Canadian Underwriter | September 2, 2014
SAN FRANCISCO — California regulatory judges have issued a US$1.4 billion penalty against the state’s largest utility for a 2010 gas pipeline explosion that engulfed a suburban San Francisco neighbourhood in fire, killing eight people and prompting national alerts about aging pipelines. The California Public Utilities Commission on Tuesday announced the figure reached by two […]
American International Group, Inc. (AIG) announced Monday that in accordance with the company’s succession plan, Peter D. Hancock has assumed the role of president and chief executive officer. As disclosed June 10, Hancock succeeds Robert H. Benmosche – who retired and now serves as an advisor to AIG – has also joined AIG’s Board of […]
Aon Benfield has sourced the reinsurance capacity for a cyber product that offers a comprehensive cyber risk management service – focusing on both operational and information technology breaches – and allows AEGIS’ policyholders to separately reinsure their cyber exposures with a panel of leading reinsurers. Developed by the Lloyd’s syndicate of mutual energy insurer AEGIS […]
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