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SCM Continues U.S. Expansion with the Acquisition of Affirmative Risk Management

CHICAGO, July 18, 2018 /insPRESS/ – SCM Insurance Services, Canada’s largest independent, privately owned insurance services provider, today announced that it has acquired Affirmative Risk Management (ARM). ARM was founded more than 30 years ago and remains headquartered in Little Rock, Arkansas.

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Sedgwick Canada appoints Guy Fournier as regional manager and senior general adjuster

TORONTO, July 18, 2018 /insPRESS/ – Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, is pleased to announce the appointment of Guy Fournier as regional manager for Northwestern New-Brunswick Sedgwick Canada. “Guy brings a depth

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Steering the Course: Course of Construction (COC) Insurance Options

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow

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New risks arising from Canadian arctic shipping

As shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and

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How data breaches cause harm even if no financial info is stolen

A recent data breach at an Ontario college highlights the importance of educating clients on cybersecurity, even if no financial information was exposed. “Even having your name, address and date of birth stolen can still cause problems,” Don Duncan, security

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Where premiums actually went down in Canada

Average premiums for personal auto in Atlantic Canada decreased for the second consecutive quarter, according to Applied Systems’ latest quarterly rating index. On the other side of the country, in British Columbia, average personal property premiums also decreased for the

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Why marijuana legalization could impact cyber risk

Commercial brokers looking to place insurance for cannabis providers should be paying close attention to the information their clients keep on medical marijuana patients. Cannabis regulations announced last week will supersede the Access to Cannabis for Medical Purposes Regulations once

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How Canadian brokers can cut out the ‘middleman’ – the insurers

Canadian insurance brokerages have already made inquiries to an Estonian-based insurance company that is working on a revolutionary blockchain distribution model. Black Insurance is setting its sights on cutting out the “intermediaries” in the insurance sales process – the insurance

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Ontario court does not have jurisdiction to hear proposed class action against police

TORONTO – A judge has ruled that the Ontario Superior Court does not have the jurisdiction to hear a proposed class-action lawsuit that accused the Waterloo regional police force of gender-based bullying, violence and sexual misconduct. In a ruling released

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How to best insure clients against kidnappers

While kidnap and ransom (K&R) insurance is one type of insurance nobody wants to have to use, there are a few things that should be kept top of mind for brokers placing the coverage. The most important consideration revolves around

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