Canadian Underwriter

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Insurance


News InsuranceRisk

Should risk managers assume more risk?

July 29, 2019 by Jason Contant

Risk managers should stop “trading dollars” with an insurer and consider increasing their deductibles and assuming some of the risk, suggested Stéphane Cossette, senior director of risk management with Quebecor Media Inc. “Get rid of the noise, get rid of

News Insurance

This brokerage’s new guy works 24-7

July 29, 2019 by Greg Meckbach

Lead generation was one reason Archway Insurance set up a chatbot to answer basic questions for Internet users. “Welcome to Archway. What brought you here today?” is how Archie, the firm’s artificial intelligence-driven chatbot, greets Internet users when they browse

News ConstructionInsurance

How oil patch woes impact surety bond losses

July 29, 2019 by Greg Meckbach

Cutbacks in oil and gas is one reason bond claims have become more frequent in Western Canada, a surety expert for the nation’s largest insurer suggests. A slowdown in the construction market in Alberta – and to some extent in

News AdjustersClaimsInsurance

Why on-site adjuster supervision is needed

July 29, 2019 by Jason Contant

Citing a failure to ensure proper and adequate supervision of the firm’s employees at all times, the Insurance Council of Manitoba has fined the designated representative of a Manitoba ClaimsPro LP office $5,000, plus assessed investigation costs of $3,188. “Based

News Insurance

Fire near Osoyoos, B.C., grows but shows ‘low’ activity says wildfire

July 29, 2019 THE CANADIAN PRESS

OSOYOOS, B.C.- Wildfire crews in British Columbia hope to get the upper hand on a stubborn blaze that broke out last week in the southern Okanagan and has scorched just over four-square kilometres of timber and bush. The BC Wildfire

insPRESS Insurance

Sedgwick drives growth in Canada with addition of business development team

July 29, 2019 by Sedgwick

TORONTO, ON, July 29, 2019 /insPRESS/ – Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, announced the expansion of its Canadian operations with the formation of a new business development team led by senior vice

insPRESS Insurance

Pario Welcomes Miles Torch to the Ottawa Region

July 29, 2019 by SCM Insurance Services

Ottawa, ON, July 29, 2019/InsPress – Pario Engineering & Environmental Sciences LP (Pario), one of Canada’s top providers of specialized engineering and environmental services to the insurance and risk management industries, is pleased to announce the addition of Miles Torch

News Insurance

Engineering study wanted for Atlantic Canada sea level rise mitigation

July 26, 2019 Michael Tutton - THE CANADIAN PRESS

HALIFAX – A long-awaited process is underway to find ways to protect a narrow and vital corridor of land between New Brunswick and Nova Scotia from floods caused by sea level rise and storm surges. The request for proposals issued

News Insurance

Why data breaches are particularly costly for Canadian financial firms

July 26, 2019 by Jason Contant

The average cost of a data breach in the Canadian “financial” industry is US$6.4 million – $2-million higher than the average cost for all other businesses, according to a new report from IBM Security and Ponemon Institute. The average cost

News Insurance

Guess which brokers are in the running for Entrepreneur of the Year

July 26, 2019 by Greg Meckbach

The leaders of one of Atlantic Canada’s largest brokerages are finalists in EY Canada’s Entrepreneur Of The Year award program. Gina McFetridge and Michael Stack, president and CEO respectively of Archway Insurance, are among the finalists announced July 18 by

News Insurance

IBC aids in $2.2-million stolen vehicle investigation

July 26, 2019 by Jason Contant

Insurance Bureau of Canada (IBC) will assist in identifying stolen high-end vehicles that police believe were being prepped to be shipped overseas in containers to China and European countries. Each year, auto theft causes Canadians close to $1 billion, IBC

News ConstructionInsurance

How construction clients could be taking on too much risk

July 26, 2019 by Greg Meckbach

If you place insurance for construction clients, they could be signing contracts that saddle them with risks that they should not be taking on. “We are beginning to see tenders coming out where not enough design work has been done