Risk

Into the Breach

A significant percentage of data breaches are caused by weak passwords, insecure computer network portals and lost smartphones. Policyholders should be encouraged to draft incident response plans and to contact their brokers or carriers as soon as a breach is discovered, in order to access experts such as forensic experts, legal counsel and crisis management specialists.

August 31, 2014

5 min read

Perception vs Reality

The results of a recent survey suggest that providers of usage-based auto insurance need to educate clients about how the data insurers collect on driving behaviour is used, how this information will affect their rates and how telematics can improve safety while reducing claims frequency.

August 31, 2014

5 min read

City Counsels

Until last month, personal lines insurance carriers in Ontario who were concerned about a mandated 15% reduction in auto rates could look on the bright side. At least property rates are only regulated by consumers who have a choice to shop around. However, this could change if Toronto City Council gets its way. On August […]

August 31, 2014

3 min read

Moves and Views

1 Commercial insurance brokerage Nacora Canada announced in August the appointment of Dianna Fioravanti [1] as its new chief executive officer and managing director. Fioravanti was previously senior vice president of national sales and business development, for SCM Risk Management Services (RMS) and held various positions at Economical Insurance. Nacora, which has offices in 30 […]

August 31, 2014

4 min read