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Fraud survey reveals Canadians’ fears about safety of personal information

March 7, 2018 by Jason Contant

Nearly four in 10 (39%) of Canadians fear that their personal information has been compromised. The annual fraud survey, released on Wednesday, was commissioned by the Chartered Professional Accountants of Canada and conducted last month. Three-quarters (76%) of 1,000 Canadians

News Climate ChangeInsurance

Canadian researchers find way to better predict severe storms

March 7, 2018 The Canadian Press

SASKATOON – Researchers say they’ve come up with a way to better predict severe storms and protect infrastructure from damage caused by increasing temperatures in Western Canada. Researchers at the University of Saskatchewan said they’ve seen winter temperatures in the

News InsuranceLegal

Millennials admit to driving distracted: Allstate survey

March 6, 2018 by David Gambrill

Canadians think Millennials behind the wheel are most likely to drive distracted – and the majority of Millennials appear to agree, according to a new poll conducted by Leger for Allstate Insurance Company of Canada. Eighty per cent of Canadians

News Professional Development

The meeting that every risk manager should have

March 6, 2018 by Greg Meckbach

Risk managers concerned about insurance exclusions should consider asking their brokers to brief senior managers explaining what exactly the insurance covers and what it excludes, a Willis Towers Watson executive advises. Steve Sachs, co-chair of the Willis Towers Watson Real

News Professional Development

Speak the language of senior execs, risk managers advised

March 6, 2018 by Greg Meckbach

Successful risk managers know how to speak the language of senior executives, which is much different than the language of their peers, say two presenters scheduled to speak at next month’s RIMS conference in San Antonio. “Risk managers, when they

News EmploymentInsuranceLegal

Broker calls court injunction against random drug and alcohol testing “scary”

March 5, 2018 by Canadian Underwriter

Alberta’s appeal court has upheld a lower court ruling that prohibits Suncor Energy Inc. from testing oil sands workers in safety sensitive positions for drug and alcohol impairment. For Sherry Barge, national transportation leader for commercial brokerage BFL Canada, the

News ClaimsInsuranceMarkets / CoveragesTechnology

For how long will a ransomware attack knock out your client’s operations?

March 5, 2018 by Jason Contant

Companies in Canada and the United States can expect one week of downtime as a result of a ransomware attack, speakers said at NetDiligence’s recent Cyber Risk Summit in Toronto. “A decryption effort, even in the best case scenario, is

News InsuranceMarkets / CoveragesTechnology

Province working on technology to ease damage in flood season

March 5, 2018 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – Flood forecasters in New Brunswick are using new technology to track snow loads and ice movement, hoping more information leads to less damage. Jasmin Boisvert, a water services specialist with the Department of Environment and Local Government, says

insPRESS AnnouncementsClaimsInsuranceTechnology

Opta Information Intelligence and Risk Management Services Combine Forces to Meet Evolving Needs of Canadian Insurers

March 5, 2018 Opta Information Intelligence

TORONTO, March 5, 2018 /insPRESS/ – Opta Information Intelligence (Opta) and sister company Risk Management Services (RMS) are proud to announce the integration of the two companies. Going forward we will be expanding our suite of services and innovation solutions for the

News Technology

Bank of England chief slams cryptocurrencies; urges action

March 2, 2018 Pan Pylas - THE ASSOCIATED PRESS

LONDON – Bank of England Governor Mark Carney on Friday launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets. In a speech to

News ClaimsLegalTechnology

One easy way to reduce ransomware risk

March 2, 2018 Greg Meckbach, Associate Editor

Risk managers who teach employees what suspicious email looks like can drastically reduce the risk of being hit with ransomware, a commercial insurer executive said Wednesday. Ransomware is when criminals hack into computer systems, encrypt files and demand a ransom

News InsuranceTechnology

At least two cool ways that AI can help insurance companies

February 28, 2018 by Jason Contant

Machine learning could be used to underwrite faster, reduce fraud and assess vehicle damages more accurately, Lawrence Wong, Munich Re Canada’s director of application development, said Tuesday. Speaking at the 16th annual Technology Conference in Toronto, Wong said that