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Canadian auto insurance customer satisfaction climbs despite premium increases: J.D. Power study

May 15, 2017 by Canadian Underwriter

Customer satisfaction with auto insurance in Canada has increased for the second consecutive year despite nationwide premium increases, according to the newly released J.D. Power 2017 Canadian Auto Insurance Satisfaction Study. The study, released on Monday, found that across all

News AppointmentsInsuranceProfessional DevelopmentReinsurance

Former Marsh & McLennan CEO Duperreault replaces Hancock as CEO of AIG

May 15, 2017 by Canadian Underwriter

American International Group Inc. has a new chief executive officer, Brian Duperreault, as of Sunday, the New York City-based insurer announced. Duperreault (pictured right), a former CEO of Marsh & McLennan Companies Inc., is now also president and director of

insPRESS Insurance

30 Forensic Engineering Construction Services – Claims, Risk and Advisory

May 15, 2017 by -30- Forensic Engineering

There is no ‘one size fits all’ formula to addressing project management. We simply understand and appreciate that every project is unique and should be approached as such. We know that every project requires an independent analysis of potential contributing

News InsuranceMarkets / CoveragesPersonal Lines

Aviva Canada partners with Tennis Canada for home and auto insurance program

May 15, 2017 by Canadian Underwriter

Aviva Canada Inc. announced on Monday that it launching a new “tennis-focused brand experience for home and auto insurance through an extended partnership” with Tennis Canada. The Tennis Canada Home and Auto insurance program for both fans and players alike

News Commercial LinesInsuranceTechnology

Ransomware ‘WannaCry’ spreads to thousands more computers at start of workweek

May 15, 2017 Yuri Kageyama and Louise Watt - THE ASSOCIATED PRESS

TOKYO – The worldwide “ransomware” cyberattack spread to thousands of more computers on Monday as people logged in at work, disrupting business, schools, hospitals and daily life, though no new large-scale breakdowns were reported. In Britain, whose health service was

News Commercial LinesInsuranceMarkets / CoveragesTechnology

“Noticeable decline” in distributed denial of service attacks in Q1 2017: Kaspersky

May 15, 2017 by Canadian Underwriter

Russian cybersecurity company Kaspersky Lab has found a “noticeable decline” in the number of overall distributed denial of service (DDoS) attacks and a change to how they were dispersed by country. Kaspersky released late last week its Q1 2017 DDoS

News AssociationsInsuranceTechnology

Clear, policy-driven Canadian fintech strategy needed: Toronto alliance

May 15, 2017 by Canadian Underwriter

Development of a consistently implemented, policy-driven Canadian fintech strategy focused on fostering innovation is essential and strengthening the fintech ecosystem in the Toronto area should be seen as an imperative for the country’s financial services sector and governments, contends the

News InsuranceLegal

Lawyer defending accused impaired drivers sought ‘extraordinary remedies’ in alleging bias against two judges in a row: Supreme Court

May 14, 2017 by Canadian Underwriter

A lawyer representing 10 motorists charged with drinking and driving-related criminal offences in Quebec has to pay $3,000 personally in costs after motions for writs of prohibition against judges were dismissed. In a decision released Friday, the Supreme Court of

News Insurance

North American combined ratio up 2.2 points for Zurich Insurance

May 14, 2017 by Canadian Underwriter

Zurich Insurance Company Ltd. recently reported a 2.2-point deterioration in its first-quarter combined ratio in property and casualty insurance in North America, while the worldwide combined ratio increased 3.4 points, due in part to a recent change in the way

News InsuranceMarkets / CoveragesPersonal LinesTechnology

Ram pickup air bags can fail in rollover; one death reported

May 12, 2017 The Associated Press

AUBURN HILLS, Mich. – Fiat Chrysler is recalling approximately 1 million Ram pickups in North America due to a software glitch that could prevent side air bags and seatbelts from deploying during a rollover. The company’s U.S. division said Friday

News CatastrophesCommercial LinesInsuranceMarkets / Coverages

Federal government introduces proposed Oil Tanker Moratorium Act for ports or marine installations in northern B.C.

May 12, 2017 by Canadian Underwriter

The federal government has introduced a bill that would prohibit oil tankers carrying more than 12,500 metric tonnes of crude oil or “persistent oils” from stopping, loading or unloading any of these oils at ports or marine installations in northern

News Commercial LinesInsuranceMarkets / CoveragesTechnology

Ransomware cyberattack cripples hospitals across the United Kingdom

May 12, 2017 by Canadian Underwriter

A large ransomware cyberattack has “crippled” computer systems at hospitals across the United Kingdom on Friday, with appointments cancelled, phone lines down and patients turned away, the Associated Press has reported. Britain’s National Health Service (NHS) said that a number