Industry
WINNIPEG – The Manitoba government says human error resulted in the personal information of 9,000 children with disabilities being unintentionally shared. The province says the breach occurred on Wednesday when staff from Children’s Disability Services sent an email intended for Manitoba’s children’s and youth advocate to about 100 agencies and advocacy groups. The email contained […]
By Jason Contant | August 28, 2020
1 min read
The corporate parent of Northbridge Insurance has formed its own anti-racism committee and joined a new Canadian organization that aims to create opportunities for visible minorities and indigenous people in the industry. “We have formed a Black Initiatives Action Committee,” said Prem Watsa, CEO of Toronto-based Fairfax Financial Holdings Ltd., whose insurance subsidiaries include Northbridge […]
By Greg Meckbach | August 28, 2020
4 min read
Transaction liability insurance is a valuable tool for helping buyers and sellers facilitate mergers and acquisitions — and presents a significant opportunity for brokers to add value to their client offering and drive revenue growth. From humble beginnings more than 15 years ago, the success of the representations and warranties (R&W) insurance has become widespread, […]
By Adam Malik | August 27, 2020
Once autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public transportation, the propitious economics of the model will result in widespread adoption,” Rahman told Canadian […]
By Jason Contant | August 27, 2020
2 min read
ST. JOHN’S, N.L. – People who own property in Newfoundland and Labrador but who don’t live there full-time can apply to enter the province next week. Dr. Janice Fitzgerald, the province’s chief medical officer of health, said Wednesday that the travel restriction imposed on non-residents who own cabins and second homes in Newfoundland and Labrador […]
There’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage caused by natural hazards such as flooding, how valuable is that investment going to be […]
By Adam Malik | August 26, 2020
3 min read
Some Canadian brokerages and insurers recently experienced delays in mail pick-up and delivery after a prominent courier service for the Canadian insurance industry suffered a cyberattack. ICS Courier confirmed in a message on its website Monday that it was the target of a ransomware attack Aug. 19 that impacted “some” of its systems. “We continue […]
By Jason Contant | August 26, 2020
ST. JOHN’S, N.L. – St. John’s is making changes to city infrastructure as it prepares for a wetter, warmer future with more intense storms. A report on climate models for the coastal Newfoundland and Labrador capital was presented at city hall earlier this month, predicting rainier winters, warmer summers and more frequent storms leading up […]
Allianz Global Corporate & Specialty (AGCS) announced Tuesday it has appointed Bernard McNulty as chief agent for Canada, effective immediately. In addition to taking on the chief agent role, McNulty will remain in his current position as head of claims for Canada. Based in Toronto, he will continue to report to Frank Sapio, regional head […]
By Jason Contant | August 25, 2020
In an era when $1-billion claims events have become commonplace, Canadian claims executives are turning their minds to how to adjust natural disasters that follow closely upon the heels of one another. Canadian Underwriter will be bringing the discussion to light this Thursday, Aug. 27, at 3 p.m. ET, in its webinar, Standing on Guard […]
By David Gambrill | August 25, 2020
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