Keyword
Data
Allowing both telematics program discounts, surcharges could secure a solid future for telematics in Canada: speaker
April 30, 2016 Angela Stelmakowich, EditorAllowing both discounts and surcharges for all telematics programs are among the changes that could help ensure telematics has a bright future in Canada, Donald Light, director of Celent’s North America property casualty practice, suggested Thursday at Insurance Telematics Canada…
Class action filed after privacy breach at one Ontario children’s aid office
April 26, 2016 Michelle McQuigge - THE CANADIAN PRESSTORONTO – An eastern Ontario children’s aid society is facing a $75 million lawsuit after a cyber attack resulted in a list of client names being stolen and shared on local Facebook groups. At least three dozen people have expressed…
Vaughan, Ontario man charged following $63,000 insurance fraud investigation
April 12, 2016 by Canadian UnderwriterJust days after the York Regional Police (YRP) announced that they have laid charges in connection with an alleged staged collision in the Township of King, Ont., police said on Monday that they have charged a 36-year-old Vaughan man in…
ISO to collect cyber insurance data to help mitigate risk related to cyberattacks
April 6, 2016 by Canadian UnderwriterISO, a Verisk Analytics business, announced on Wednesday that it will collect, aggregate and analyze cyber insurance data to help address a major issue facing today’s cyber insurance market: the need for more detailed underwriting and rating information. ISO said…
Alberta government confirms that client data may have been compromised by employee
April 5, 2016 by Canadian UnderwriterAlberta’s Minister of Justice and Solicitor General, Kathleen Ganley, confirmed on Monday that client data from the province’s Maintenance Enforcement Program (MEP) may have been compromised by an employee. The MEP collects court-ordered child support, spousal and partner support and…
Cyber risk data ‘not all that robust,’ Willis Re speaker tells ICRMC
April 4, 2016 Greg Meckbach, Associate EditorCyber insurance has evolved considerably since 1999 but commercial insurers lack standardization in cyber policies and there is not a lot of data available for underwriters, a speaker suggested at a recent conference. For cyber risk, “the data is not…
Beazley’s data breach response insurance product now available in Canada
April 1, 2016 by Canadian UnderwriterBeazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on…
Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica
March 30, 2016 by Canadian UnderwriterSpecialty lines in the United States continue to be hypercompetitive, with technology playing an ever larger role in insurers’ ability to attract, retain and serve clients and brokers (agents) profitably, according to a new report from Novarica. The Business and…
Uncertain times highlight need for change at the CFO, finance levels: Deloitte
March 29, 2016 by Canadian UnderwriterAn increasingly uncertain business climate means finance departments have just four to five years to modernize if they are to meet the rising expectations of the organizations they serve, suggests a report issued Tuesday by Deloitte. Chief financial officers (CFOs)…