Industry
Commercial clients hoping for some relief from price increases could be in for a disappointment. “Even with the increases that we have seen in the last two years, many lines of business are still not at acceptable pricing,” Albert Benmichol, chief executive officer of Axis Capital Holdings Ltd., said Wednesday during an earnings call, commenting […]
By Greg Meckbach | July 31, 2019
2 min read
Two months to the day that regulators approved CAA Club Group’s acquisition of Echelon Insurance, Robin Joshua has been named the new president of Echelon Insurance. CAA Club Group acquired Echelon Insurance, a specialty insurer, from Echelon Financial Holdings for $166-million on May 31. The move allowed CAA Club Group to expand into non-standard auto, […]
By Adam Malik | July 31, 2019
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. By: Korey Pasch, PhD Candidate in Political Science and International Relations, Queen’s University, Ontario and Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction, Western University […]
By Jason Contant | July 31, 2019
5 min read
Credit card issuer Capital One Financial Corp. expects that a massive cyber breach affecting millions of Canadians could cost the firm more than $100 million. “Expected costs are largely driven by customer notifications, credit monitoring, technology costs, and legal support,” Capital One stated Monday. “We believe it is unlikely that the information was used for […]
By Greg Meckbach | July 30, 2019
3 min read
If a piece of an asteroid – like the ‘city killer’ that narrowly missed striking the Earth last week – comes flying at your client’s house, they’re likely covered by their homeowner’s policy. That’s because a standard homeowner’s policy includes specified perils of a “falling object which strikes the exterior of a ‘dwelling’ or detached […]
By Jason Contant | July 30, 2019
BLACK DIAMOND, Alta. – Emergency medical officials say two people are dead after a glider crashed southwest of Calgary. EMS responded to reports of the crash near the Cu Nim Gliding Club, east of Black Diamond, Alta., shortly before 4 p.m. Friday. Two people who were in the glider were pronounced dead at the scene. […]
1 min read
Lead generation was one reason Archway Insurance set up a chatbot to answer basic questions for Internet users. “Welcome to Archway. What brought you here today?” is how Archie, the firm’s artificial intelligence-driven chatbot, greets Internet users when they browse Archway’s website. “It is a new technology that we are still evaluating,” said Gina McFetridge, […]
By Greg Meckbach | July 29, 2019
OSOYOOS, B.C.- Wildfire crews in British Columbia hope to get the upper hand on a stubborn blaze that broke out last week in the southern Okanagan and has scorched just over four-square kilometres of timber and bush. The BC Wildfire Service says the smouldering ground fire is showing a low level of activity and additional […]
The average cost of a data breach in the Canadian “financial” industry is US$6.4 million – $2-million higher than the average cost for all other businesses, according to a new report from IBM Security and Ponemon Institute. The average cost of a breach for all Canadian businesses, US$4.4 million, is about $500,000 higher than the […]
By Jason Contant | July 26, 2019
The leaders of one of Atlantic Canada’s largest brokerages are finalists in EY Canada’s Entrepreneur Of The Year award program. Gina McFetridge and Michael Stack, president and CEO respectively of Archway Insurance, are among the finalists announced July 18 by Ernst & Young. McFetridge is a past president and chairperson of the Insurance Brokers Association […]
By Greg Meckbach | July 26, 2019
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