Legal / Regulation
When it comes to "vacant" properties, a number of potential risks and liabilities may come into play. It is critically important to take a wide view when assessing how best to manage and mitigate associated risks. It is also advisable to remember that the longer a property sits idle, the more difficult obtaining coverage may become.
By Glenn Minnis, Manager, Property, Markel | September 2, 2016
6 min read
Tech
Commercial lines carriers face intense competition. Investing in technology is expected to prove key to retaining and serving clients who are increasingly looking for a true digital experience. Just how are commercial lines insurers preparing to deliver that experience?
By Chuck Ruzicka, Vice President of Research and Consulting, Novarica | September 2, 2016
7 min read
Being social is all well and good… until it no longer is. Social media is a given today, whether for personal or business use. But along with these in-the-moment interactions comes a bit of risk (sometimes more), including for business leaders. Findings from a new online poll of 1,000 Canadians indicate that social media is […]
By Angela Stelmakowich, Editor | September 2, 2016
3 min read
HR
Marsh has announced the appointment of Christopher Schaper as CEO of its managing general agent (MGA) business, the Schinnerer Group, effective immediately. In his role, Schaper will focus on the development and advancement of Marsh’s existing MGA businesses in Canada and the United States, including Victor O. Schinnerer & Co. and Canadian MGA ENCON, and […]
By Canadian Underwriter | September 1, 2016
2 min read
Vericlaim Canada – a subsidiary of Sedgwick Claims Management Services, Inc. – announced on Thursday that it has acquired the assets of RGM Claims Services, Inc. Mississauga, Ont.-based Vericlaim Canada is a national provider of loss adjusting and claims management solutions, while RGM is a licensed independent adjusting company also based in Mississauga. RGM specializes […]
Social media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for executives dealing with digital disruption, released the poll results of 1,000 Canadians on Wednesday. The […]
By Canadian Underwriter | August 31, 2016
The insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core Insurance, suggested in a presentation Tuesday. “We really believe there’s going to be more change […]
By Jason Contant | August 31, 2016
There is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at Insurance-Canada.ca’s Executive Forum in downtown Toronto. Digitalization has increased as a priority for chief technology executives […]
Insurance companies aiming to create value for their customers would be well advised to look beyond the “front end” of their customer-facing computer applications, implement their services before their competitors and recognize the importance of the “geeks” in their organizations, speakers suggested Tuesday at the fourth annual Insurance-Canada Executive Forum. “To create a solid customer […]
By Jason Contant | August 30, 2016
DETROIT – Air bag maker Takata Corp.’s troubles worsened Monday as the company confirmed that a truck carrying its inflators and a volatile chemical exploded last week in a Texas border town, killing a woman and injuring four others. The truck, operated by a subcontractor, crashed, caught fire and exploded Aug. 22 in the small […]
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