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Desjardins’ weather alerts: sign of a preventative insurance model?

March 19, 2018 by Jason Contant

Desjardins General Insurance Group (DGIG) will soon launch severe weather alerts allowing consumers to take pre-emptive steps to protect their property from potential damage. The move is indicative of a larger trend towards a preventative insurance model, as found in

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New Canadian water product covers service line damage

March 9, 2018 by Jason Contant

Allstate Insurance Company of Canada has launched a water protection package that “differentiates itself from others on the market” by offering service line coverage as well as sewer backup, overland water and sewer backup mitigation coverage. On Thursday, Allstate Canada

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Crawford & Company (Canada) Inc. Launches Cyber Loss Management Program in Canada

February 20, 2018 Crawford & Company (Canada) Inc.

TORONTO, Feb. 20 /insPRESS/ – Crawford & Company (Canada) Inc. today announced the launch of its cyber loss management program to the Canadian marketplace. In response to the emerging risk of cyber threats to organizations of all sizes and across

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This is what your cyber policies should focus on

February 1, 2018 by Jason Contant

Business interruption should be the focus of cyber insurance policies nowadays, Lindsey Nelson, international cyber team leader with CFC Underwriting, said to Canadian Underwriter in an interview on Monday. “I think it might be a matter of insurers are really

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What is creating confusion in the cyber insurance market?

January 25, 2018 by Jason Contant

The lack of understanding around what is covered and how products are priced continues to sow confusion in the cyber insurance market. Robin Shufelt, assistant vice president of technology and cyber with The Sovereign General Insurance Company (a member of

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2018 Outlook: David Levinson, President, Chief Agent, Zurich Canada

December 29, 2017 David Levinson

As 2018 begins, capital remains at the forefront in Canada. An active hurricane season in the United States will cause insurance carriers to look at their own exposures here in Canada, including earthquakes, fires, and floods. This may cause property

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Tool can help insurers ensure document authenticity

December 20, 2017 Jason Contant, Online Editor

An Ontario-based property inspection and analysis company will soon publicly launch a product that could help carriers verify the authenticity of an insured’s photos, files and forms. The Image and Document Upload System (IADUS) uses specific features to help insurance

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Why insurance professionals should offer wealth management solutions

December 20, 2017 Greg Meckbach, Associate Editor

Property & casualty insurance providers wanting to improve client retention could offer more “holistic advice” and better “product density” by offering wealth management, some insurance executives say. Brokerages can provide a “broader value proposition” to clients by offering them home,

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Regulator weighs in on disputed ridesharing claims

December 20, 2017 David Gambrill, Editor-in-Chief

Disputes among Ontario auto insurers, arising from collisions involving vehicles used for multiple ridesharing providers, will likely be handled in the same way insurers handle priority disputes in accident benefits claims, Ontario’s insurance regulator told Canadian Underwriter Wednesday. Aviva Canada

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Paid Digital Privacy Act changes are coming. Are you prepared?

December 12, 2017 CyberScout

For Canadian organizations, as well as organizations doing business in Canada, a dramatic shift to privacy and cyber security regulations is looming. The amendment to Canada’s Personal Information Protection and Electronic Document Act (PIPEDA), the federal privacy law for private-sector

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New federal law may make cyber a must-have

December 4, 2017 Greg Meckbach, Associate Editor

This may be a prime time for brokers to start selling cyber insurance to commercial clients. There is still no word on when Canada will have nation-wide mandatory breach notification, but a legal cyber specialist says companies should start to

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Regulator challenges rosy telematics picture

December 2, 2017 Greg Meckbach, Associate Editor

Canadian auto insurers have been using telematics to gather data on driving behaviour for years, with one insurer having billions of miles’ worth of data, but it remains debatable whether pay-as-you-drive technology actually reduces insured losses. Claims costs “could conceivably