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How IoT devices can cause a liability headache for insurers

September 23, 2019 by Jason Contant

Internet of Things (IoT) devices can create complications for insurers, potentially including a priority dispute or, worse, an unpaid claim, a specialist carrier told Canadian Underwriter recently. Charlie Murray, international technology team leader with CFC Underwriting, used the example of

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What risks are most worrying?

September 23, 2019 by Adam Malik

While it feels like cyber threats have been around for some time, they’re still at the top of the list of emerging and ongoing risks for some industry professionals. But there are others that are grabbing the attention of insurance

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Why this insurer gives workers 10 extra personal days off a year

September 23, 2019 by Greg Meckbach

Removing the stigma of mental illness is something all industry leaders need to work on, and one of Canada’s biggest insurers is promoting mental well-being by giving workers more time off than they would normally be entitled to. RSA Canada

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Maltman International Appoints New Executive General Adjuster

September 23, 2019 by CRU Adjusters

Toronto, ON, Sept. 23, 2019/InsPress/ – Varma Singh, Managing Director of Operations for Maltman International a division of CRU GROUP, today announced that Brian McCulloch has joined the company as an Executive General Adjuster for Maltman International. Mr. Singh stated

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Payouts from insurance policies may fuel ransomware attacks

September 20, 2019 Kathleen Foody - THE ASSOCIATED PRESS

CHICAGO – The call came on a Saturday in July delivering grim news: Many of the computer systems serving the government of LaPorte County, Indiana, had been taken hostage with ransomware. The hackers demanded $250,000. No way, thought County Commission

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How good are estimates of industry-wide insurance fraud?

September 20, 2019 by Greg Meckbach

Insurers really don’t know how much money fraud is costing them. “In Ontario, we have to rely on other jurisdictions to try and quantify it because we are so lousy at it,” said Gordon Rasbach, former vice president of property

News ClaimsInsuranceMarkets / CoveragesTechnology

How E&O needs to change for emerging tech companies

September 20, 2019 by Jason Contant

Does a one-size-fits-all basic tech errors and omissions (E&O) policy that covers things like breach of contract or negligence still suffice for an emerging tech company? “Most probably not,” said Charlie Murray, international technology team leader with specialist insurer CFC

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This is what’s putting the industry ‘at a tipping point’

September 20, 2019 by Adam Malik

Technology has been great for the insurance industry. But it’s also been creating problems, specifically creating a difficult market cycle. And it’s not the only reason why one panellist at the recent RIMS Canada Conference said the industry is “at

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CEP Forensic Announces Mark Hughes’ Retirement

September 20, 2019 by Cynthia Galazzo

EDMONTON, AB, Sept. 20, 2019/InsPress/ – Mark Hughes, Vice-President – Western Canada, is retiring October 18, 2019. From starting his own company, Sintra Engineering, in 1997 servicing the Alberta insurance industry, to the recent merger with CEP in 2017, Mark

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Apollo Exchange moves into historic downtown Vancouver building

September 20, 2019 by David Dyck

VANCOUVER, BC, Sept. 20, 2019/InsPress/ — Apollo’s Vancouver office has moved into a new home at 111 Water Street — a historic building dating back to the early 1900’s in the downtown neighbourhood of Gastown. The Apollo Exchange’s Vancouver team

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Seminar Answers Burning Questions on Fire Loss Claims – Includes Lives Burn

September 20, 2019 Insurance Institute

Waterloo, ON, Sept. 20, 2019/InsPress/ – For brokers, adjusters and underwriters, understanding the claims process, including the investigation, is crucial to supporting your client after a fire loss.  What better way to learn than in an interactive and hands on

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New commercial lines senior VP for Canada’s largest P&C insurer

September 19, 2019 by Greg Meckbach

Intact Financial Corp. announced Thursday that Darren Godfrey will become Intact Financial Corp.’s senior vice president, commercial lines on Jan. 1. Godfrey, currently senior VP of personal lines, will replace Alain Lessard, who retires at the end of the year.