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Sonnet teams with digital bank to offer group insurance
May 30, 2023 by David GambrillSonnet Insurance has teamed up with the digital bank Tangerine to offer customized digital home and auto insurance exclusively for Tangerine clients. “This relationship speaks to the needs of our like-minded customers who value digital-first experiences that are trusted, straightforward,…
Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week
February 23, 2021 Anita Balakrishnan - THE CANADIAN PRESSTORONTO – Canada’s biggest banks will report their quarterly financial results this week, and analysts say they will be listening for hints as to how bank executives view the economic recovery from COVID-19. John Aiken, head of research (Canada) at…
Trial date delayed in $300-million banker’s commercial coverage dispute
February 22, 2021 by Greg MeckbachA trial in an Ontario coverage dispute lawsuit, on a Big 5 bank’s $300-million commercial claim, is being pushed back from its originally-scheduled start date of Sept. 13, 2021. Toronto Dominion Bank is suing a group of insurers, including six…
Marijuana legalization to offer pot by mail, access to banks
June 26, 2018 Gene Johnson - THE ASSOCIATED PRESSMail-order weed? You betcha! With nationwide marijuana legalization in Canada on the horizon, the industry is shaping up differently there than the way it was established in nine U.S. states that have similarly broad legalization. Age limits, government involvement in…
Broker predicts banks will soon renew call to sell insurance in branches
December 21, 2017 Greg Meckbach, Associate EditorWith the federal Bank Act up for review in 2019, a Montreal-based broker is warning that some banks will try to have the government change a law restricting the way banks can sell property and casualty insurance. “I am sure…
IBM and SecureKey Technologies to deliver blockchain-based network for Canadian consumers
March 21, 2017 by Canadian UnderwriterIBM and SecureKey Technologies, an identity and authentication provider company, announced on Monday that they are joining forces to “enable a new digital identity and attribute sharing network” based on IBM Blockchain. “The network will be designed to make it…
Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study
August 23, 2016 by Canadian UnderwriterFears of further exposure of personal information following a cyberattack would prevent 33% of consumers from shopping at a breached retailer for at least three months, according to a recent survey from KPMG LLP, the audit, tax and advisory firm.…
Global insurers can now register for “cyber-safe” .insurance domain name
May 5, 2016 by Canadian UnderwriterEarly registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of…