Legal / Regulation
TORONTO – Credit monitoring company Equifax says that it will work with regulators in Canada and the United Kingdom to determine the appropriate steps following a lapse in cyber security that’s affecting about 143 million people in the United States. Equifax said it has identified unauthorized access to limited personal information for certain Canadian and […]
By Jason Contant | September 8, 2017
1 min read
HR
Hub International Limited announced on Friday that is has acquired P&C brokerage Integro (Canada) Ltd. Terms of the acquisition were not disclosed, Hub noted in a press release. With offices in British Columbia, Ontario and Quebec, Integro Canada is a commercial property & casualty brokerage specializing in complex risks, including construction, transportation, professional services, manufacturing, […]
By Canadian Underwriter | September 8, 2017
3 min read
Tech
Shipments of connected wearables will reach 262.5 million in 2021, with Bluetooth remaining the primary connectivity option in the coming years, Internet of Things (IoT) analyst firm Berg Insight said in a statement on Thursday. The Gothenburg, Sweden-based machine-to-machine/IoT market research provider noted that shipments of connected wearables reached 96.5 million in 2016, up from […]
By Canadian Underwriter | September 7, 2017
WASHINGTON – The House voted Wednesday to speed the introduction of self-driving cars by giving the federal government authority to exempt automakers from safety standards not applicable to the technology, and to permit deployment of up to 100,000 of the vehicles annually over the next several years. The bill was passed by a voice vote. […]
By Jason Contant | September 7, 2017
Almost all polled large employers in the United States have a cybersecurity policy in place, with required security software and how to back up data being the most important elements of the policy, a recent study from research company Clutch has found. Released last week, the survey examined the state of cybersecurity among large U.S. […]
2 min read
Advent Claims will provide its claims management system to Lloyd’s broker, Endeavour Insurance Services, as part of a new partnership arrangement meant to support London market coverholders operating in Canada. Advent Claims is a technology-led claims third-party administrator; Endeavour Insurance is the specialist binding authority broker placing contracts on behalf of international coverholders and managing […]
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a webinar on inflow and infiltration (I/I) on Sept. 15. The webinar, to be held from 10 a.m. to 11:30 a.m. EST, will feature Barbara Robinson from Norton Engineering, who will discuss an ongoing project supported by ICLR to examine “unacceptable levels” of I/I entering […]
By Canadian Underwriter | September 6, 2017
Getting younger people to choose the broker channel as a career remains a challenge, the incoming president of the Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter in a recent interview. “In the high schools is where it really should start – where people are looking for a career and find out that, yeah, […]
By Jason Contant | September 6, 2017
Property Claim Services (PCS) announced that it has launched PCS Global Cyber, a new loss aggregation service that provides “industry loss estimates for individual affirmative worldwide cyber events with insured losses of at least $20 million industrywide.” Developed in collaboration with Capsicum Re, PCS Global Cyber reflects significant insurance and reinsurance market demand for an […]
By Canadian Underwriter | September 5, 2017
4 min read
A firm once described by its co-founder as being “on the lunatic fringe” of the insurtech market plans to provide, in Canada, insurance covering consumer items for accidental damage, loss and theft starting next year. Trov Inc., which is currently an authorized representative of AXA in Britain, says it lets customers “instantly turn insurance on […]
By Jason Contant | August 31, 2017
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