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Business interruption, property damage and general liability critical risks to global growth, new study finds

September 23, 2016 by Canadian Underwriter

Business interruption (BI) is the leading cause of losses for companies, multinational organizations and non-governmental organizations (NGOs) that operate outside the United States, according to a study released on Thursday by international insurance broker Clements Worldwide. The Clements Worldwide Risk

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Understanding potential disruptions to risk analysis, cost basis and distribution key to insurers’ strategies: Novarica

September 22, 2016 by Canadian Underwriter

Insurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a

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Zurich combines corporate, commercial businesses into single unit, appoints CEO of Commercial Insurance

September 21, 2016 by Canadian Underwriter

Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings

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CIP Society announces two established leader awards, one emerging leader for 2016

September 21, 2016 by Canadian Underwriter

Two brokerage executives and the chair of the Ontario Mutual Insurance Association are recognized by the Chartered Insurance Professionals (CIP) Society with national leadership awards, the Insurance Institute of Canada announced Wednesday. Robert Pearson, president and chief executive officer of

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Legal insurance provider ARAG Services Corporation launches in Canada

September 21, 2016 by Canadian Underwriter

Düsseldorf, Germany-based family-owned enterprise ARAG Group announced on Tuesday that it has launched operations in Canada with the newly founded ARAG Services Corporation. The new company develops legal insurance products and manages underwriting, sales and marketing activities in the Canadian

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TSB calls for implementation of voice and video recorders on locomotives in Canada

September 20, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada (TSB) is calling for the implementation of voice and video recorders on locomotives in Canada. The call follows the release of the TSB’s report on its safety study, Expanding the use of locomotive voice

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2016 Aviva Community Fund competition open for submissions

September 20, 2016 by Canadian Underwriter

Aviva Canada has opened its 2016 Aviva Community Fund (ACF) competition for submissions. Canadians with ideas for positive change in their community can submit them for a chance to share $1 million in funding, Aviva Canada said in a press

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Kaspersky researchers find multiple “smart” components of modern cities vulnerable to cyberattacks

September 16, 2016 by Canadian Underwriter

Researchers from cybersecurity company Kaspersky Lab said on Thursday that they have found vulnerabilities and security deficiencies in digital kiosks, interactive terminals and speed cameras that make them susceptible to cyberattacks. Modern cities are complicated ecosystems made up of hundreds

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Sustainability suite of coverages to help clean tech companies rebuild “green” after a loss: Chubb

September 16, 2016 by Canadian Underwriter

Chubb has announced the availability new coverages under its specialized clean tech industry insurance program meant to help firms, including rebuilding “green” in the event of a covered property loss. The Clean Tech Sustainability Suite – available in the United

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XL Catlin enhances professional liability insurance policy form for design professionals

September 16, 2016 by Canadian Underwriter

Addressing the changing professional liability insurance needs of architects, engineers and other design professionals is at the heart of XL Catlin’s enhancements to its Design Professional insurance policy form. One rapid change in the design professional industry reflected in the

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Insurance Institute of Canada launches new catalogue of online courses called CE OnDemand

September 15, 2016 by Canadian Underwriter

The Insurance Institute of Canada (IIC) announced on Thursday that it has launched CE OnDemand, a new catalogue of online courses based on a survey of brokers’ continuing education needs. The IIC said in a press release that CE OnDemand

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Worldwide public cloud services market to grow 17% to US$208.6 billion in 2016: Gartner

September 15, 2016 by Canadian Underwriter

The worldwide public cloud services market is projected to grow 17.2% in 2016 to total US$208.6 billion, up from US$178 billion in 2015, according to Gartner, Inc., a Stamford, Conn.-based information technology research and advisory company. Gartner said in a