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Lussier Dale Parizeau, Riverin Girard and Ouellet Fillion to merge

September 28, 2016 by Canadian Underwriter

An agreement has been reached to merge the operations of Lussier Dale Parizeau (LDP) and Riverin Girard & Associés and Ouellet Fillion, a move expected to enhance customer service and bolster LDP’s presence in Quebec. The deal was announced jointly

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Feds failed to assess privacy implications of Bill C-51 info sharing: watchdog

September 27, 2016 by Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The government hasn’t done enough to protect the privacy of “law-abiding Canadians” from new information-sharing powers in the omnibus security legislation known as C-51, says a federal watchdog. Privacy commissioner Daniel Therrien said Tuesday he was surprised that

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California heat wave intensifies wildfire threatening homes

September 27, 2016 by Noah Berger and Kristin J. Bender - THE ASSOCIATED PRESS

MORGAN HILL, Calif. – A heat wave stifling drought-stricken California worsened a wildfire Tuesday that burned buildings and forced people from their homes in remote communities along the Santa Cruz Mountains. The blaze in a rugged area about 30 miles

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Typhoon Megi kills four in Taiwan, shuts down transport but ‘limited damage reports’

September 27, 2016 by Canadian Underwriter

Typhoon Megi has caused “widespread transport disruption” in Taiwan and left four million people without a water supply but insured building stock in Taiwan is “typically designed to withstand typhoons gusts,” Risk Management Systems Inc. said in a report released

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City of Cedar Rapids, Iowa braces for high floodwaters

September 27, 2016 by Canadian Underwriter

High-flow measurements on two rivers in eastern Iowa are higher than any level since 2008 in several locations, the U.S. Geological Survey (USGS) said on Monday, as residents of the city of Cedar Rapids braced for near-record floodwaters. USGS field

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Network attacks hit a third of executive mobile devices in second quarter of 2016: Skycure

September 27, 2016 by Canadian Underwriter

Just shy of a third of executive mobile devices were exposed to network attack during the second quarter of 2016 and almost as high a percentage were infected with malware, leaving valuable, sensitive data vulnerable to cyber criminals, notes a

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Password breach could have ripple effects well beyond Yahoo

September 27, 2016 by Raphael Satter - THE ASSOCIATED PRESS

LONDON – As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While

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52% of American transportation firms surveyed worry about distracted driving: Travelers

September 26, 2016 by Canadian Underwriter

More than 90% of American consumers surveyed by The Travelers Companies Inc. reported they were “at least somewhat” concerned by distracted driving, while more than half of business respondents reported the same concern, Travelers said in a report announced Monday.

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Federal decision is at hand for proposed LNG plant in northern B.C.

September 26, 2016 by Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – Environment Minister Catherine McKenna has a final environmental assessment of the Pacific NorthWest LNG project in hand, with the federal Liberal cabinet set to meet Tuesday in the national capital. A decision from the Liberal government on the

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U.S. excess and surplus underwriters likely to outperform P&C industry: Fitch

September 26, 2016 by Canadian Underwriter

Excess and surplus (E&S) underwriters in the United States will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens next year, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed

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B.C. winter tire rules come into effect on Oct. 1

September 26, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure is reminding motorists that “winter weather is just around the corner” and that the province’s winter tire rules come into effect on Oct. 1. The rules mean that drivers will be required to

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FM Global creates dedicated cyber risk engineering, underwriting units

September 26, 2016 by Canadian Underwriter

FM Global is looking to bolster its expertise in first-party cyber solutions for the benefit of its mutual policyholders with its move to form integrated engineering and underwriting units dedicated to doing just that. The move seeks to address the