Canadian Underwriter

Topic
Insurance

insPRESS Insurance

Chirag Patel of North York wins 2017 Mercedes Benz CLA in Select Sweepstakes

May 29, 2017 by Economical Insurance

Chirag Patel (centre) of North York receives the keys to a 2017 Mercedes Benz CLA as a winner in the Select Sweepstakes. Presenting the car keys are Patel’s insurance broker, Paul Rai (right) of Rai Grant Insurance Brokers and Jeff

insPRESS Insurance

Kernaghan Adjusters Strengthens its Presence in the Ontario Market with New Barrie Branch!

May 29, 2017 by Kernaghan Adjusters

BARRIE, ONTARIO – Kernaghan Adjusters expands their Ontario reach with the addition of a Barrie, ON Branch and the expertise of a new Senior Adjuster, Eric Gunnell BA, CIP. Eric Gunnell brings over 35 years of experience in the insurance

News CatastrophesCommercial LinesInsurancePersonal LinesReinsuranceTechnology

Data analysis may start to focus more on modelling the process than the data itself, CIFF speakers suggest

May 29, 2017 Jason Contant, Online Editor

Data analysis may start to focus more on modelling the process than the data itself, speakers suggested last week at the Canadian Insurance Financial Forum (CIFF). Although modelling began decades ago to model the process of financial catastrophes, there is

insPRESS Insurance

Save the date! Thursday June 1 — The ARC Group Canada presents: 2017 Annual Seminar & Cocktail Event

May 29, 2017 by The ARC Group Canada | Le Groupe ARC Canada
News Commercial LinesInsuranceMarkets / CoveragesTechnology

Chipotle Mexican Grill confirms malware involving point-of-sale devices at certain restaurants

May 29, 2017 by Canadian Underwriter

Chipotle Mexican Grill, Inc. has confirmed “the operation of malware designed to access payment card data from cards used on point-of-sale (POS) devices at certain Chipotle and Pizzeria Locale restaurants between March 24, 2017 and April 18, 2017.” Chipotle said

News InsurancePersonal Lines

Source of leaks causing home water damage ‘can go undetected for years,’ warns Allstate

May 29, 2017 by Canadian Underwriter

Burst water pipes are a frequent cause of large claims in Quebec, Allstate Insurance Company of Canada suggested Monday. In a press release, Allstate shared some findings from the Allstate Insurance Safe Homeowners Study. In the study of household incident

News InsuranceLegal

Supreme Court of Canada could hear appeal of lawsuit involving auditors’ duty of care to non-shareholder lenders

May 29, 2017 by Canadian Underwriter

Canada’s highest court will decide June 1 whether it will hear an appeal from a major auditing an accounting firm that could face a trial this fall in a class action lawsuit filed by several banks over the bankruptcy in

News InsuranceMarkets / CoveragesPersonal Lines

ICLR to host webinar on effects of hail on vehicles

May 29, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will host a webinar next month on the effects of hail on vehicles. The Hail Impacts on Automobiles: A state-of-the-art-review webinar will be held on June 16 from 10 a.m. to 11:30 a.m.

News InsuranceLegislation / RegulationMarkets / CoveragesPersonal Lines

Most Airbnb hosts not registered in Quebec, one year after law took effect

May 29, 2017 Aleksandra Sagan - THE CANADIAN PRESS

The majority of Quebecers who list their properties on Airbnb and other home rental websites are not registering with the province, just over a year since it implemented a law regulating them, new data suggests. The province’s Tourism Department says

News CatastrophesClimate ChangeCommercial LinesConstructionInsurancePersonal Lines

Government of Alberta invests in debris dam to protect homes, businesses and infrastructure in Canmore

May 29, 2017 by Canadian Underwriter

The Government of Alberta announced on Friday that it is investing an additional $10.3 million to protect homes, businesses and infrastructure in Canmore. The money represents the final funding towards a $48.6-million debris dam at Cougar Creek and is part

News InsuranceMarkets / CoveragesTechnology

Modernization of payment systems long overdue amid rapid changes: Bank of Canada official

May 26, 2017 Andy Blatchford - THE CANADIAN PRESS

The country’s payments infrastructure is long overdue for an update to ensure financial system stability amid the rapid advance of new technologies and the risks that accompany them, a senior Bank of Canada official said Thursday. Deputy bank governor Sylvain

News CatastrophesInsuranceMarkets / Coverages

Above-normal Atlantic hurricane season most likely this year: NOAA

May 26, 2017 by Canadian Underwriter

The Atlantic could see another above-normal hurricane season this year, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center predicted on Thursday. For the upcoming Atlantic hurricane season, which runs from June 1 through Nov. 30, forecasters predict a