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38 road deaths from distracted driving investigated year to date: OPP

August 31, 2016 by Canadian Underwriter

The Ontario Provincial Police recently suggested that so far this year, it has investigated 38 road deaths in which a distracted driver was involved. “As of mid-August, the OPP has investigated 38 road deaths in which an inattentive driver was

Game Changer News InsuranceProfessional DevelopmentTechnology

Industry must innovate or become irrelevant, conference speaker cautions

August 31, 2016 by Angela Stelmakowich, Editor

The insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core

Alta Wildfire Health 20160711 News CatastrophesCommercial LinesInsurancePersonal LinesReinsurance

Fort McMurray wildfire accounts for 98% of H1 insured cat losses in Canada, 29% of PCS-designated North American losses

August 31, 2016 by Canadian Underwriter

The Fort McMurray wildfire accounted for 98% of first-half insured catastrophe losses in Canada and 29% of Property Claim Services (PCS)-designated North American cat losses for the period, according to a preliminary estimate from the company. Insurers affected by the

Business woman are checking stock market News InsuranceProfessional DevelopmentTechnology

Customer expectations require carriers to move to digitalization

August 31, 2016 by Angela Stelmakowich, Editor

There is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at Insurance-Canada.ca’s

They are right on track News InsuranceProfessional DevelopmentTechnology

Speed trumps quality for insurers working on digital experience: Executive Forum Speaker

August 30, 2016 by Greg Meckbach, Associate Editor

Insurance companies aiming to create value for their customers would be well advised to look beyond the “front end” of their customer-facing computer applications, implement their services before their competitors and recognize the importance of the “geeks” in their organizations,

Mail fraud News InsuranceLegal

FSCO issues warning about mail scam conducted by Prudential Financial Clearing Services

August 30, 2016 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) is warning consumers about a mail scam conducted by an unlicensed company, Prudential Financial Clearing Services. This company has issued notices advising recipients that they are among the winners of a U.S. Telecommunication

Fewer Hurricanes News CatastrophesConstructionInsurancePersonal Lines

Nearly 60,000 single-family homes in New Orleans to move out of special flood hazard areas by end of September: CoreLogic

August 30, 2016 by Canadian Underwriter

Nearly 60,000 single-family homes in New Orleans with a reconstruction cost value (RCV) of more than US$12 billion will move out of Special Flood Hazard Areas (SFHAs), according to updated maps published by the Federal Emergency Management Agency (FEMA). Officially

Rising Sea News CatastrophesClimate ChangeInsuranceMarkets / CoveragesPersonal Lines

ICLR to host workshop on sea level rise on Sept. 9

August 30, 2016 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on sea level rise on Sept. 9. Titled Rising Sea Level is Not a Flooding Event, the workshop will be held between 10 a.m. and 11:30 a.m. EST

car News InsurancePersonal LinesTechnology

Takata troubles worsen as truck explodes, kills Texas woman

August 30, 2016 by Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Air bag maker Takata Corp.’s troubles worsened Monday as the company confirmed that a truck carrying its inflators and a volatile chemical exploded last week in a Texas border town, killing a woman and injuring four others. The

Rob Wesseling will become President & CEO of The Co-operators Group Limited on December 1, 2016 (CNW Group/The Co-operators) News InsuranceProfessional Development

Rob Wesseling to become president and CEO of The Co-operators on Dec. 1

August 30, 2016 by Canadian Underwriter

The Co-operators’ board of directors has announced that Rob Wesseling will become president and chief executive officer of the company, effective Dec. 1. Currently the executive vice president (EVP) of property and casualty (P&C) operations for the Co-operators General Insurance

Automatic braking system concept News InsurancePersonal LinesTechnology

Adaptation key for insurance industry to remain relevant in a driverless world: LexisNexis

August 30, 2016 by Canadian Underwriter

The insurance industry will face some real challenges as driverless cars further develop, with just 26% of polled individuals in the United Kingdom expecting to be served by the industry as it stands today if they owned a driverless car.

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U.S. traffic fatalities up 7.2% in 2015 from previous year, ending five-decade decline: NHTSA

August 30, 2016 by Canadian Underwriter

More than 35,000 people in the United States lost their lives in traffic crashes in the United States last year, ending a five-decade trend of declining fatalities, the National Highway Traffic Safety Administration (NHTSA) reported on Monday. A total of