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‘Fresh water’ flood coverage available Nov. 17 for new RSA Canada homeowner policies

November 12, 2015 Greg Meckbach, Associate Editor

Starting Nov. 17, Canadian insurance brokers will be able to offer policies covering fresh water flooding written by RSA Canada to some homeowners purchasing sewer backup coverage, a senior RSA Canada official said Thursday.  A new RSA Canada endorsement, called

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U.S. Department of Justice lays charges in connection with largest-ever theft of customer data from a U.S. financial institution

November 11, 2015 by Canadian Underwriter

The United States Department of Justice announced on Tuesday that three men have been charged in connection with the JPMorgan Chase & Co. cyberattack last year. Loretta E. Lynch, the Attorney General of the United States and Preet Bharara, the

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Petley-Hare Limited launches digital division to serve clients across Ontario

November 11, 2015 by Canadian Underwriter

Petley-Hare Limited, an insurance brokerage with nearly 100 years of experience in Ontario’s Durham Region, announced on Monday that it has launched a new digital division called Insurance Jack, which now serves clients across the province. “Insurance Jack was built

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Rogers Insurance acquires Brampton, Ont.-based CCV Insurance & Financial Services Inc.

November 10, 2015 by Canadian Underwriter

Rogers Insurance Ltd. announced on Tuesday that it has acquired a controlling interest of Brampton, Ont-based CCV Insurance & Financial Services Inc. under the previously formed Inowest Insurance Brokers Inc. group of companies. The acquisition represents the strategic expansion of

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Brokers encouraged to review data protections, adopt more formal process for data collection, use, sharing and destruction

November 9, 2015 Angela Stelmakowich, Editor

With data breaches being regular media fodder these days, the existing responsibility of insurance brokers to safeguard client information coupled with new legislative requirements make this a good time for brokers to review data protection efforts to ensure they are

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The Co-operators acquires Bando & Brown General Insurance

November 5, 2015 by Canadian Underwriter

Co-operators General Insurance Company announced on Thursday today that its wholly-owned subsidiary has purchased Bando & Brown General Insurance in London, Ont., whose portfolio includes personal and commercial insurance policies. Current clients of the Bando & Brown brokerage will be

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Study finds nearly half of 100 U.S. corporations surveyed have already filed an insurance claim as a result of a data breach

November 5, 2015 by Canadian Underwriter

A recent Wells Fargo study of 100 middle market companies and large corporations in the United States has found that 85% of respondents have purchased cybersecurity and data privacy insurance coverage to protect against financial loss, while nearly half (44%)

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Intact Financial Corporation reports 8% increase in net operating income in third quarter of 2015, unchanged combined ratio

November 4, 2015 by Canadian Underwriter

Toronto-based Intact Financial Corporation has reported a net operating income for the third quarter of 2015 of $199 million, 8% higher than last year, and a combined ratio of 93.2% – unchanged from 2014. The improvement in net operating income

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Arthur J. Gallagher acquires B.C. retail broker Christie-Phoenix (Victoria) Ltd.

November 3, 2015 by Canadian Underwriter

Arthur J. Gallagher — the international broking division of Arthur J. Gallagher & Co. (AJG) outside of the United States — announced on Tuesday that it has acquired British Columbia retail insurance broker Christie-Phoenix (Victoria) Ltd. and its affiliate Discovery

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Toronto drops base taxi fare in bid to compete with vehicle for hire providers

November 2, 2015 by Canadian Underwriter

Toronto City Council has approved a base fare to enter a taxi in the city of $3.25 – a $1 decrease – effective as of Sunday. The decrease, approved by city council at its September meeting, means that taxis must

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Reinsurance organic revenue drops 4% for Aon

November 1, 2015 by Canadian Underwriter

Aon plc reported Friday its risk solutions revenue dropped 8%, from $1.836 billion in the third quarter of 2014 to $1.689 billion in the three months ending Sept. 30, 2015, due in part to the unfavourable impact of foreign currency

Bryan Yetman, winner of the 2015 Dale Rempel Award of Excellence from the Insurance Brokers Association of Canada (Photo by: Patrick Thompson)


November 1, 2015 Angela Stelmakowich, Editor

“It’s not just about talking about the insurance industry, but it’s about creating the environment for post-secondary education where people can actually graduate with some skills,” Yetman emphasizes.