Canadian Underwriter

Segment
Consumers


News InsuranceLegal

Top court could hear disputed claim arising from $550-million ponzi scheme loss

November 5, 2018 by Greg Meckbach

A major bank’s disputed $300-million professional liability insurance claim – arising from a Ponzi scheme in Florida – could reach the Supreme Court of Canada. Toronto-Dominion Bank bought an insurance policy from a syndicate of insurers, including Lloyd’s Underwriters in

News RiskTechnology

Think your password has been stolen? Think again.

October 30, 2018 by Jason Contant

Brokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years

News Technology

Why many early chatbots failed

October 29, 2018 by Jason Contant

Early adopters of chatbot technology, most of which are now closed or dismantled, often did not realize the extent to which you need to train the system, Accenture said last week. “There was this… false sense that the machines would

News Legislation / Regulation

This province is bringing in new rules on car repairs and purchases

October 25, 2018 The Canadian Press

CALGARY – Starting next week, there will be new rules in Alberta for selling autos or getting them fixed. Service Alberta Minister Brian Malkinson says the changes go into effect on Wednesday and will increase transparency and better protect consumers.

News InsuranceRisk

The special insurance needs of art collectors

October 24, 2018 by Greg Meckbach

A recent prank by an anonymous street artist shows that collectibles – which require special insurance – can become more valuable if they are damaged. “Normally when a piece of art is damaged, it would drop in value,” Kelly Juhasz,

News Technology

Intact-backed insurtech cracks the Fintech100 list

October 23, 2018 by Greg Meckbach

A French robo-broker and an auto insurer backed by Canada’s largest property and casualty carrier are among the insurtechs “driving disruption” in financial services, a report released Tuesday suggests. KPMG announced Tuesday the fifth annual Fintech100, a report that highlights

News InsuranceMarkets / CoveragesTechnology

What small business clients value about cyber insurance

October 21, 2018 by Jason Contant

Small business clients gravitate to cyber insurance not for the insurance, per se, but for the accompanying services following an incident, a cyber underwriter said recently. “If you think about it in the context of car insurance, they’re buying their

News InsuranceLegalLegislation / Regulation

Driver ticketed for smoking pot in car one hour after legalization

October 18, 2018 The Canadian Press

Winnipeg police issued a ticket on the first day of cannabis legalization. Police posted a picture of a ticket for consuming cannabis in a motor vehicle on Twitter. The ticket carries a $672 fine. Police say the ticket was issued

News Legislation / Regulation

How a Canada Post interruption could play out

October 15, 2018 by Greg Meckbach

The federal government will probably consider legislating Canada Post employees back to work if they go on strike or are locked out, a labour lawyer told Canadian Underwriter Monday. “I think it’s likely that the Liberals will consider” back-to-work legislation,

News Announcements

Introducing the new Canadian Underwriter, “Your Guide to Insurance Success”

October 10, 2018 Ian Portsmouth, Publisher

Whatever your role in the industry, you can rightfully feel harried by the demands of an insurance career today. You’re certainly dealing with more change and complexity than the people who received the debut issue of this magazine in January

insPRESS Announcements

Canada’s #1 insurance publication relaunches with bold new look and editorial mandate

October 10, 2018 Newcom Media Inc.

TORONTO, Oct. 10, 2018 /insPRESS/ – Canadian Underwriter magazine relaunched today with the publication of its October 2018 issue, introducing an energetic look, functional design and editorial mandate expressed by its new tagline: “Your Guide to Insurance Success.” Now in its

News BrokersInsuranceTechnology

Five pillars of brokerage digital transformation

October 9, 2018 by Jason Contant

More Canadian brokerages are moving towards a fully digital experience as consumer expectations are driving demand for faster, more efficient service, a broker management system (BMS) provider said Monday. “More brokers are moving to a completely connected experience from internal