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RMS appoints Mike Pritula as president, effective March 1

February 14, 2017 by Canadian Underwriter

Risk Management Solutions, Inc. (RMS) announced on Tuesday that it has appointed industry veteran Mike Pritula as president, effective March 1. Pritula will lead RMS’ client service and market development, advancing the company’s role in delivering value to enable its

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Chubb expands global cyber facility with multi-line peril endorsements

February 14, 2017 by Canadian Underwriter

Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite

News InsuranceLegalLegislation / RegulationPersonal Lines

Intact, Allstate disagree on whether accident victims “principally dependent” on policyholder

February 13, 2017 by Canadian Underwriter

The Supreme Court of Canada will not hear an appeal over an arbitration ruling in an auto accident benefits priority dispute, where insurers disagreed on whether a claimant was “principally dependent” on the owner of a vehicle. Court records indicate

News CatastrophesInsuranceMarkets / Coverages

As water falls slightly at California dam, next storm looms

February 13, 2017 Olga R. Rodriguez and Don Thompson - THE ASSOCIATED PRESS

OROVILLE, Calif. – The water level dropped Monday at the nation’s tallest dam, easing slightly the fears of a catastrophic spillway collapse that prompted authorities to order nearly 200,000 people to leave their homes downstream. But with more rain expected

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

CEOs “particularly” anxious about data breaches: PwC survey

February 13, 2017 by Canadian Underwriter

Nearly one in four chief executive officers surveyed by PriceWaterhouseCoopers “strongly agree” that how their firms manage people’s data will “differentiate” their companies. “CEOs are particularly anxious that breaches in data security and ethics, and IT outages and disruptions could

News Commercial LinesInsuranceProfessional DevelopmentTechnology

IBM’s famed Watson computer ‘gets a job’ fighting cybercrime threat

February 13, 2017 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – A year after IBM began teaching its Watson computer system to fight cybercrime, the company is making the platform available for use. “Now he gets a job and makes us some money,” quipped Caleb Barlow, vice-president of IBM

News Commercial LinesInsuranceLegal

Beazley launches entertainment, media liability coverages in Canada

February 13, 2017 by Canadian Underwriter

United Kingdom-based specialist insurer Beazley plans to expand the range of products available through its newly acquired Canadian operations with Monday’s announcement that it will offer television and film producers errors and omissions (E&O) coverage, as well as media liability

News Commercial LinesInsuranceLegislation / RegulationPersonal LinesTechnology

Personal, commercial drone market revenue expected to increase 34% to reach US$6 billion+ in 2017: Gartner

February 13, 2017 by Canadian Underwriter

Production of drones for personal and commercial use is growing rapidly, with global market revenue expected to increase 34% to reach more than US$6 billion in 2017 and more than US$11.2 billion by 2020, according to a new forecast from

News Climate ChangeInsurancePersonal LinesTechnology

Commonwell Mutual Insurance Group offers new flood policy endorsement for Ontario homeowners

February 13, 2017 by Canadian Underwriter

Commonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13,

News CatastrophesInsuranceLegalPersonal Lines

Lawsuit filed in connection to explosion in Fort McMurray fire aftermath

February 13, 2017 The Canadian Press

FORT MCMURRAY, Alta. – A proposed class-action lawsuit has been filed against natural gas company Atco (TSE:ACO.X) in an explosion last May that damaged several homes in Fort McMurray, Alta. The blast took place in the Dickinsfield neighbourhood while the

News InsuranceMarkets / CoveragesTechnology

Ford investing US$1 billion over five years in AI company to develop virtual driver system

February 13, 2017 by Canadian Underwriter

Ford Motor Company has announced it is investing US$1 billion during the next five years in Argo AI, an artificial intelligence company, to develop a virtual driver system for the automaker’s autonomous vehicle coming in 2021 – and for potential

News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Canada appoints former MP Peter Braid as new CEO

February 13, 2017 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) has announced the appointment of its new CEO, Peter Braid, effective Feb. 27. IBAC chairperson Lorne Perry announced the appointment in a press release on Feb. 10. Braid is a former Member of