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Cyber work diagnostic tool to help foster a cyber-savvy workforce by making people the focus: Willis Towers Watson

July 21, 2017 by Canadian Underwriter

Willis Towers Watson (WTW) has launched a new cyber work diagnostic tool designed to help bolster organizational readiness by focusing on talent management, emerging skills and roles, and defining the requirements of cyber work. The idea is to combat an

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Loss ratio deteriorates 6.1 points for Saskatchewan Auto Fund

July 20, 2017 by Canadian Underwriter

Saskatchewan’s Auto Fund reported Thursday a loss ratio of 86.5% for the year ending March 31, 2017, up 6.1 points from 80.4% during the same period a year earlier, while the head of Saskatchewan Government Insurance suggested that with the

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Join FIRST Canada and IMUA for the July rooftop edition of Broker Bash

July 20, 2017 by FIRST Insurance Funding of Canada

Toronto, July 20, 2017 – FIRST Insurance Funding of Canada (FIRST Canada) has partnered with the Inland Marine Underwriters Association (IMUA) to bring you a summer rooftop edition of Broker Bash on July 27 at 5 p.m. FIRST Canada and

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Supreme Court to hear appeal of production order in lawsuit seeking health care costs from tobacco firms

July 20, 2017 by Canadian Underwriter

The Supreme Court of Canada announced Thursday it will hear an appeal from the British Columbia government, of a production order, in a lawsuit seeking to recover health care costs from tobacco companies. A B.C. court previously ordered the provincial

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Cyber threat landscape growing, potential for emergence of destruction of service attacks: Cisco

July 20, 2017 by Canadian Underwriter

The potential for “destruction of service” (DeOS) attacks is greatly concerning and organizations would be well-advised to adopt a proactive cyber stance in their protection efforts to combat increasingly sophisticated attackers, warns a new report from Cisco. “Cyber incidents such

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Chubb’s multi-line practice to focus on large transportation clients in U.S. and Canada, help address wide range of risks

July 20, 2017 by Canadian Underwriter

Chubb’s newly launched multi-line industry practice will focus on providing insurance products, service and risk management solutions for best-in-class large risk transportation clients in both the United States and Canada. The formalization of the practice, within the insurer’s Major Accounts

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FIRST Canada Acquires Insurance Premium Finance Company and Strengthens Commitment to the Canadian Insurance Market

July 19, 2017 by FIRST Insurance Funding of Canada

Toronto, July 19, 2017 – FIRST Insurance Funding of Canada (FIRST Canada) the leader in insurance payment solutions, has acquired Insurance Premium Finance Company (IPFC) to further expand its presence and continued commitment to the Canadian insurance industry. FIRST Canada

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Trisura Guarantee Insurance Company Announces Online Learning Platform

July 19, 2017 by Michael Campbell

July 19th, 2017 Trisura Guarantee Insurance Company is pleased to announce the launch of a new online electronic learning platform. The first of what is to be a series of online learning courses, Surety 101, is accessible at no charge

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Beazley launches environmental coverage in Canada

July 19, 2017 by Canadian Underwriter

Beazley has launched its local environmental coverage in Canada with a product suite tailored to the specific market. The suite includes the ECLIPSE (fixed site) form, the ENVIRO (contractors’ pollution legal liability) form and the BeazleyOne (combined) form. Limits are

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CRU Begins The Fire Response For BC Wildfires

July 19, 2017 by CRU Adjusters

The Catastrophe Response Unit of the CRU Group has begun deploying licensed, experienced fire loss adjusters to British Columbia to assist their carrier partners. Drawing on last year’s experience assisting six different insurance companies with Fort McMurray claims.  We are

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Shifting risk responsibilities to front line will help reduce vulnerabilities: PwC Canada

July 19, 2017 by Canadian Underwriter

Canadian businesses are more vulnerable to disruption than their global counterparts and need to make each line of service responsible for risk decisions, monitoring, oversight and assessment of vulnerabilities to bolster protection, suggest Canadian insights from a recent PwC report.

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Directors can be sued under oppression remedy even when they did not personally benefit from conduct: Supreme Court

July 18, 2017 by Canadian Underwriter

A recent Supreme Court of Canada ruling, upholding an oppression remedy award of more than $600,000 against corporate directors, provides “better-defined boundaries for personal liability of directors,” a litigation lawyer wrote Monday. In a ruling released July 13, Canada’s highest