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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

News Insurance

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

News InsuranceTechnology

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

News Commercial LinesConstructionInsuranceLegislation / RegulationMarkets / CoveragesTechnology

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

News Commercial LinesInsuranceMarkets / Coverages

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

News InsuranceTechnology

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.

News InsuranceLegal

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

News CatastrophesInsuranceReinsurance

Nat cat insured losses total US$19.5 billion for first six months of 2017: Munich Re

July 18, 2017 by Canadian Underwriter

Four of the five costliest natural catastrophes, measured by insured losses, during the first half of this year, occurred in the United States, while four of the five deadliest events occurred in Asia, Munich Re announced. Munich Re released Tuesday

News CatastrophesInsuranceReinsurance

B.C. officials face challenges in bringing people home after fire evacuations

July 18, 2017 THE CANADIAN PRESS

KAMLOOPS, B.C. – A British Columbia official says getting people to safety as fast-Moving wildfires approached was only half the battle _ the other half will be returning them home. Al Richmond, chairman of the Cariboo Regional District in B.C.’s