Tech
Marriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have been affected. The information taken may have included names, addresses, phone numbers, birthdays, loyalty information […]
By Jason Contant | March 31, 2020
2 min read
Slice Labs Inc., an insurtech with locations in Toronto and Ottawa, is adapting to the pandemic by helping insurers develop new products from people’s homes. “We are actively engaged in getting new products into the market – going full speed ahead,” said Lore Farrell, head of product management at Slice Labs, in an interview Monday. […]
By Greg Meckbach | March 30, 2020
Operations
Canada’s fragile economy is what’s keeping everyone in the P&C insurance industry awake at night. The unknown future of an economy that is almost certainly headed for a global recession figured in the Top 3 answers of what P&C insurance industry professionals fear the most about the COVID-19 pandemic, according to a recent online survey […]
By David Gambrill | March 30, 2020
3 min read
So far, so good, the Canadian property and casualty insurance industry appears to have adapted very quickly to the new virtual environment of working from home, according to results from a recent Canadian Underwriter survey of its readership. Just over 300 insurance industry professionals responded to the online survey Thursday. A vast majority (almost 85%) […]
By David Gambrill | March 27, 2020
Canadian brokers say Prime Minister Justin Trudeau’s announcement Friday of a 75% wage subsidy for small business is definitely good news for their small business clients. However, it remains an open question as to whether a brokerage would actually need to tap into the subsidy. Many provincial governments have deemed brokerages to be essential services, […]
5 min read
TORONTO – With the use of web-based video conferences proliferating during the COVID-19 crisis, cyber security experts warn they pose a threat as well as an opportunity in the age of telework. “In the past, we have seen certain teleconferencing applications or service providers being targeted because … they require you to download a piece […]
By Jason Contant | March 27, 2020
For broker Stanislav Kojokin of Toronto-based KASE Insurance, getting yourself organized so that you know what your day and the rest of the week is going to look like is the key to success while working from home. Having worked from home for two weeks now as a result of the COVID-19 pandemic, the managing […]
By Adam Malik | March 26, 2020
Legal / Regulation
COVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk Management programs. Winter semester students who were originally scheduled to write exams in April will […]
By David Gambrill | March 26, 2020
4 min read
Hub International is encouraging corporate clients to report business interruption losses arising from COVID-19 even if they think those claims will likely be denied. “This way, the insurance companies can provide the official response,” said Mike Moyer, Toronto-based senior vice president, complex claims leader, national claims, Canada, at Chicago-based Hub International. “A second reason is, […]
By Greg Meckbach | March 25, 2020
Gillons Insurance has 11 offices throughout Northern Ontario, but several are located in communities with around 1,000 (and sometimes fewer) people. And so closing their doors to walk-in clients is a big deal to people living in the area. In rural communities — Gillons has offices in Emo (population 1,300), Rainy River (population 800), and […]
By Adam Malik | March 25, 2020
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