Risk
Drones are a new technology that could lead to more claims given the current environment, but also clearly illustrate the need for a new breed of adjuster equipped with a different skill set, Paul Hancock, national director of global technical services at Crawford & Company, suggested Tuesday in Toronto. “Due to obstacles like the skills […]
By Canadian Underwriter | February 2, 2016
4 min read
More than half (54%) of surveyed companies said their organization had a security or data breach involving payment data, four times in the past two years on average, digital security firm Gemalto said last week. The survey was conducted by the Ponemon Institute on behalf of Gemalto. It involved a survey of 3,773 IT security […]
By Canadian Underwriter | February 1, 2016
3 min read
3D printing is hardly new, but recent rapid development and seemingly endless potential uses has freshened consideration of the technology. Enhanced access and broadened applications, though, bring with them talk of additional risks and whether or not existing property and casualty insurance policies are sufficient to address how 3D printing technology could evolve in future.
January 31, 2016
14 min read
Bryan Bedford, 2015 recipient of the CIP Society Emerging Leader Award, suggests that advances in data analytics technology could help insurance providers sell more services.
5 min read
Those in the insurance industry would be well-advised to take some advice: pay attention. Innovation and disruptive technologies are unfolding quickly - changes that could have a significant and lasting impact on insurance products - but is the insurance industry even in the game?
The cost of disasters relative to insured assets is continuing to increase in Canada, tripling since 1970. Closing the gap between the amount of insurance in place and the cost of recovery demands public/private collaboration where each participant knows its role.
7 min read
A new ruling by the Court of Appeal for Ontario could lead to most, if not all, major Canadian title insurers having to recast policy language. In expanding the interpretation of the "unmarketability of title" concept, the court has forced a round peg into a square hole.
Remember, it is not just the Internet of Things (IoT); it is the Internet of Everything. Despite the dazzling possibilities – seducing individuals and businesses alike with talk of convenience and new revenue sources, respectively – these possibilities do not come without risks. Yet, that has not stopped things from moving along. Gartner, Inc. reported […]
Home inspectors can be the source of general liability and errors and omissions claims, especially if they fail to detect a potential issue when a client buys a home.
1 As of January 4, John Bowey [1a] has replaced Gerry Hooper [1b] as chairman of Economical Insurance, a position Hooper held since 2005. He had also been chair of the Board of Directors’ (BoD) special committee on demutualization, but will continue as a member of both the BoD “until the expiry of his current […]
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