Why cyber criminals may be targetting this Canadian bank
November 8, 2018 Armina Ligaya - THE CANADIAN PRESSTORONTO – The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third…
How business interruption claims could play out in the legal marijuana space
November 8, 2018 by Jason ContantSupply challenges associated with marijuana legalization in Canada will lead to potentially costly business interruption (BI) and contingent business interruption (CBI) claims, an adjusting firm told Canadian Underwriter Tuesday. Because it’s an emerging market, there are a limited number of…
Canada Post admits cannabis privacy breach involving online customers
November 7, 2018 Colin Perkel - THE CANADIAN PRESSTORONTO – Canada Post publicly admitted to a privacy breach involving thousands of Ontario’s online cannabis customers on Wednesday after the province’s only outlet for legal recreational marijuana notified clients of the problem. The postal service said in a statement…
Brokers give performance-based pay a thumbs-up
November 6, 2018 by David GambrillThis story is one in a series reporting on the results of 2018 National Broker Survey, conducted by Canadian Underwriter. The survey of more than 800 P&C brokers nationally was designed to identify the success strategies of both producers and principals. Find other instalments in the…
Canadian travel insurance provider names new CEO
November 5, 2018 by Jason ContantTravel insurance and assistance provider Allianz Global Assistance Canada (AGAC) has appointed Chris Van Kooten as chief executive officer, effective immediately. Van Kooten brings extensive insurance industry experience to his new position, having held executive leadership roles with several Canadian…
Single-vehicle bus collision injures 16 in British Columbia
November 2, 2018 THE CANADIAN PRESSPRINCE GEORGE, B.C. – A bus carrying workers to a sawmill crashed Thursday afternoon north of Prince George, sending 16 people to hospital, three of them in critical condition. BC Emergency Health Services says one person was in serious condition…
The damage caused by this tanker truck crash on Ontario highway
November 1, 2018 Adam Burns and Alanna Rizza - THE CANADIAN PRESSTORONTO – Two men were killed in a multi-vehicle crash that sparked a massive tanker fire on a major toll highway in the Toronto area on Wednesday, emergency officials said. The crash happened just before 5 p.m. on Highway 407…
Truly driverless cars now allowed in California
October 31, 2018 Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies. The regulatory approval…
The case for paying brokers on a 100% commission basis
October 30, 2018 by Jason ContantBrokers in favour of performance-based compensation point to its benefits in promoting customer service to clients. At Surex Direct, a Magrath, Alta.-based online brokerage that is 100% commission-based, customer service is key, said Ryan Kirk, vice president of operations for…
Top 10 Under 40, 2018: Dina Godinho, Jones DesLauriers Insurance
October 30, 2018 Sarah Cunningham-ScharfWho are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick…
The Power of Broker Specialization
October 27, 2018 by David GambrillThis story is one in a series reporting on the results of 2018 National Broker Survey, conducted by Canadian Underwriter. The survey of more than 800 P&C brokers nationally was designed to identify the success strategies of both producers and principals. Find other instalments in the…
4 ways AI can improve your performance
October 25, 2018 by Jason ContantArtificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,…