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Why driving safety tech doesn’t cut claims costs – yet

February 19, 2018 by Greg Meckbach

Sensor and computer technologies are supposed to make traffic safer but are indirectly increasing insurance claims costs, the head of Canada’s Number 2 insurer warns. Aviva Canada has observed a “double-digit” increase (meaning more than 10%) in property damage costs

News InsuranceMarkets / CoveragesTechnology

Artificial Intelligence, the latest cybersecurity threat

February 19, 2018 by Jason Contant

Artificial intelligence (AI) could be a double-edged sword for Canada’s property and casualty insurance industry, offering several potentially positive outcomes, but at the same time a new cybersecurity threat. AI is consistently touted by the insurance industry for its potential

News ConstructionInsuranceLegal

Surety providers’ argument rejected by Supreme Court of Canada

February 19, 2018 by Greg Meckbach

An argument from a group of insurers and brokers – that construction contractors should not have a duty to inform subcontractors of the existence of a surety bond – has been rejected by the Supreme Court of Canada. In Valard

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CEP Sintra relocates its Vancouver office

February 16, 2018 by Cynthia Galazzo

Vancouver, BC Feb. 16, 2018 /insPRESS/  – CEP Sintra is pleased to announce the relocation of its office in Vancouver, British Columbia. CEP Sintra is also pleased to announce the addition of Adel Shoaib, Ph.D., M.Sc., P.Eng., to its growing

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ServiceMaster Restore Sponsors the Scotties Tournament of Hearts for Third Consecutive Year

February 16, 2018 by ServiceMaster of Canada Limited

Okanagan, BC Feb. 16, 2018 /insPRESS/ – For the third year, ServiceMaster Restore was the Diamond Sponsor of the Scotties Tournament of Hearts, Canada’s National Women’s Curling Championship. Stephan Roy, National Director of ServiceMaster Restore, is thrilled to be part

News ClaimsInsuranceTechnology

Standards now exist for same-day insurance claims payments

February 15, 2018 by Jason Contant

Imagine when same-day insurance claims payments are a reality, without the need to overhaul any existing infrastructure. That could become a reality sooner than you think. ISO 20022, an international payments messaging standard that supports electronic payments, is already in

News InsuranceMarkets / Coverages

What to ask your D&O clients before a market correction

February 15, 2018 Greg Meckbach, Associate Editor

The latest stock market roller coaster ride should prompt brokers placing directors’ and officers’ liability to ask their clients about independent audits and internal controls. The week ending Feb. 9 saw a “a steep and broad-based selloff” in the stock

News ClaimsInsuranceTechnology

Drone collisions on radar of risk managers

February 15, 2018 Greg Meckbach, Associate Editor

A recent collision between a passenger plane and a drone has prompted Canada’s airplane accident investigation agency to warn of the risk of flying drones near airports. “The use of drones near an aerodrome or within controlled airspace poses a

News InsuranceMarkets / CoveragesTechnology

Former privacy commissioner offers tip on reporting data breaches

February 15, 2018 by David Gambrill

CEOs, not chief information officers (CIOs), should be making the call on whether to report a data breach when a company falls victim to a targeted cyberattack, a former privacy commissioner told a cyber loss management seminar organized by Crawford

News CatastrophesClimate ChangeInsurance

B.C. lacks climate change policies, especially on wildfires and flooding: audit

February 15, 2018 The Canadian Press (CPSTF)

VANCOUVER – British Columbia’s auditor general says the provincial government is working to adapt to the risks posed by climate change but it has no clear plan for wildfires and flooding. Carol Bellringer says there is little monitoring of progress

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DKI Canada expands in Quebec with the addition of M.A. GUAY DKI

February 15, 2018 by DKI Canada

Brossard, QC  Feb. 15, 2018 /insPRESS/ –  “I am pleased and proud to welcome Michel Guay and the entire M.A. Guay  team to DKI ” stated Chris Schmidt, CEO of DKI Canada. “M.A. Guay is the leading provider of property restoration

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Origin and Cause acquires Independent Fire Services in Saskatchewan

February 15, 2018 by George Costandi

Saskatchewan, Feb. 15, 2018 /insPRESS/ – Origin and Cause is proud to announce the acquisition of the leading fire investigation firm in Saskatchewan, Independent Fire Services, a subsidiary of Independent Investigation Services (IIS). President of Origin and Cause, Mazen Habash, spoke