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insPRESS Insurance

Zensurance Continues to Lead Canada’s FinTech Start-Up Revolution

July 31, 2019 Zensurance

TORONTO, ON, July 31, 2019/InsPress/  – Zensurance, Canada’s breakthrough business insurance platform, has been named one of the country’s Top 50 FinTech Companies of 2019 by the Digital Finance Institute for their continued contribution to Canada’s growing FinTech sector. The

News Insurance

Allstate ponders appeal in $700,000 lawsuit over Brampton auto insurance allegations

July 30, 2019 by Greg Meckbach

Allstate officials are considering appealing last week’s Ontario court judgement that rejected the company’s $700,000 counter-suit against a former employee. “Our legal counsel is reviewing the decision and we will decide whether to appeal in the next few weeks,” Angie

News Insurance

How it happened: Capital One’s $100-million cyber loss

July 30, 2019 by Greg Meckbach

Credit card issuer Capital One Financial Corp. expects that a massive cyber breach affecting millions of Canadians could cost the firm more than $100 million. “Expected costs are largely driven by customer notifications, credit monitoring, technology costs, and legal support,”

News InsuranceMarkets / Coverages

A ‘city killer’ asteroid nearly hit Earth. Does insurance cover damage?

July 30, 2019 by Jason Contant

If a piece of an asteroid – like the ‘city killer’ that narrowly missed striking the Earth last week – comes flying at your client’s house, they’re likely covered by their homeowner’s policy. That’s because a standard homeowner’s policy includes

News Insurance

Two dead after tow plane and glider collide in southern Alberta

July 30, 2019 THE CANADIAN PRESS

BLACK DIAMOND, Alta. – Emergency medical officials say two people are dead after a glider crashed southwest of Calgary. EMS responded to reports of the crash near the Cu Nim Gliding Club, east of Black Diamond, Alta., shortly before 4

insPRESS Insurance

DKI Canada is now hiring Regional Account Director, Atlantic Region

July 30, 2019 by DKI Canada

Mississauga, ON, July 30, 2019/InsPress/– DKI Canada is looking to fill the position of Regional Account Director, Atlantic Region. Currently based out of Halifax, NS and reporting directly to the Vice President, Business Development, we are seeking a candidate with

insPRESS Insurance

Electronic Proof of Auto Insurance Receives Approval in Newfoundland and Labrador

July 30, 2019 by CSIO (Centre for Study of Insurance Operations)

Toronto, ON, July 30, 2019/InsPress –  The Superintendent of Insurance of Newfoundland and Labrador has approved the use of Electronic Proof of Automobile Insurance (EPAI), or eSlips, for drivers in the province. With this approval, Newfoundland and Labrador drivers can

insPRESS Insurance

SNAP Recognized as One of Top 50 FinTech Companies in Canada for 2019 by Digital Finance Institute

July 30, 2019 by SNAP Financial Group

TORONTO, ON, July 30, 2019/insPRESS/ – SNAP Financial Group – a parent company of SNAP Premium Finance – have recently been recognized as a leader in the FinTech space for their ability to leverage technology to solve problems, deliver a

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