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Insurance policy with car key
News AssociationsInsurancePersonal Lines

Claims settlement a particularly “fuzzy concept” for Quebec drivers, new poll suggests

June 21, 2016 by Canadian Underwriter

Less than a week after a survey commissioned by the Financial Services Commission of Ontario found that only 10% of Ontario drivers reported being “very knowledgeable” about the elements in a standard auto policy, a new poll has found that

Internet Fraud, Online Scams
News AssociationsInsuranceLegislation / RegulationMarkets / Coverages

New Ontario financial services regulator should have anti-fraud authority: Panel

June 20, 2016 by Canadian Underwriter

The Ontario government should establish a new organization that would perform the functions currently performed by the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO) but also have a “specific fraud-deterrence mandate,” an expert

iStock_000050868970_Small-370x246
News AssociationsInsurancePersonal LinesProfessional Development

Canadian Coalition on Distracted Driving begins development of National Action Plan

June 20, 2016 by Canadian Underwriter

The newly-created Canadian Coalition on Distracted Driving (CCDD) has wrapped up its first meeting, a two-day working session in Ottawa, where it began work on creating a National Action Plan to combat distracted driving. An initiative of the Traffic Injury

Strive for progress not perfection
News AssociationsInsurancePersonal Lines

CAA Insurance expands strategic relationships in broker market with appointment of 17 brokerages

June 16, 2016 by Canadian Underwriter

CAA Insurance Company announced on Thursday that it has appointed 17 “well-known and experienced brokerage firms across Ontario” to provide its customers with more choice. “The decision to enter the broker market was a simple one,” said Matthew Turack, president

A penetrated security lock with a hole on computer circuit board background
News AssociationsInsuranceLegalTechnology

Data breaches detection, escalation costs highest in Canada: global IBM/Ponemon report

June 16, 2016 by Canadian Underwriter

Detection and escalation costs related to data breaches were the highest in Canada and lowest in India, note findings of a new global survey released Wednesday. “The average detection and escalation costs for Canada was US$1.60. In contrast, the average

Floating in the Flood
News AssociationsCatastrophesCommercial LinesInsurance

Federal investment will help Manitoba farmers predict the effects of flood and drought on farmland

June 13, 2016 by Canadian Underwriter

Agriculture and Agri-Food Canada (AAFC) has announced an investment of more than $1.1 million to develop a hydrology model of Manitoba’s Assiniboine River Basin that will help predict the effects of flooding, excess moisture and extreme drought on agriculture lands.

Hail on car
News AssociationsCatastrophesInsurancePersonal Lines

U.S. insurers paid US$5.37 billion in total hail claims for 2008-14; 2011 and 2014 costliest years

June 13, 2016 by Canadian Underwriter

The years of 2011 and 2014 were the costliest years for hail-related vehicle claims in the United States during a 2008-14 study period, with losses concentrated in the country’s midsection, according to an updated analysis by the Highway Loss Data

Businessman hand touching SUPPLY CHAIN sign on virtual screen
News AssociationsCatastrophesInsuranceLegal

Practical drift an invisible, potentially catastrophic threat to supply chain

June 9, 2016 by Angela Stelmakowich

One of the biggest threats to a company’s supply chain cannot even been seen, but surely will be felt should it take hold, Nexbridge Inc.’s Randall Becker suggested Wednesday during the World Conference on Disaster Management in Toronto. Practical drift,

Flooded Calgary Stampede Grandstand
News AssociationsCatastrophesInsuranceProfessional Development

2013 Calgary floods spawned ‘increased demand’ for services from non-profits: World Conference on Disaster Management speaker

June 9, 2016 Greg Meckbach, Associate Editor

Non-profit organizations need to be prepared for natural disasters so they can help deliver public services, speakers suggested Tuesday at the World Conference on Disaster Management. From research conducted after the floods in affecting southern Alberta in 2013, the Calgary

IMG_6581
Photos Associations

CIP Society Fellows’ Golf Tournament, June 6, 2016

June 6, 2016 by Canadian Underwriter

The annual CIP Society Fellows’ Golf Tournament took place on Monday, June 6 at Wyndance Golf Club in Uxbridge, Ontario. Although a bit windy, the rain held off and the sun shined for golfers. This year, the winning team was

Businessman looking to the future with telescope at sunrise.
News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Ontario searching for new CEO after departure of Jim Murphy

June 1, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario’s (IBAO) executive committee announced on Wednesday that Jim Murphy has moved on from his role as CEO of IBAO, effective immediately. “This is an important time for IBAO,” Michael Brattman, IBAO chair, said in

Excellence concept
News AssociationsInsuranceProfessional Development

Nominations for Dale Rempel Award of Excellence now open

May 31, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and