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Pandemic leading to ‘ticking time bomb’ for cybersecurity

Most IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept.

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Where auto insurers are seeing the biggest profitability improvements

Canadian auto insurers saw both an increase in auto premiums and an improvement in their loss ratios in 2020, according to research from A.M. Best Company Inc. “Less miles driven translates into less frequency in auto losses,” A.M. Best director

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Construction risk advice critical amidst continued supply chain issues

Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor

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Business interruption class action against Aviva Canada now fully certified in Ontario

An Ontario manufacturer shuts down its factory for several weeks in the early stages of the COVID-19 pandemic. Factory managers re-configure the facility to allow workers to socially distance. Can that manufacturer get business insurance coverage if its policy wording

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Drought weakened trees, fall storms could mean more power outages: BC Hydro

VANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report

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30 Forensic Engineering Strengthens Materials & Product Failure Group with the Appointment of Daniel Balagot P.Eng.

TORONTO, ON, SEPTEMBER 17, 2021/insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensic firm, is pleased to announce the appointment of Daniel Balagot B.A.Sc., P.Eng.  as Associate, within the Materials & Product Failure / Piping & HVAC group.x Daniel holds a Chemical Engineering

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MBC Group acquires Walker Projects, an industry leading Engineering Consulting and Project Management firm

REGINA, SK, SEPTEMBER 17, 2021/insPRESS/ – MBC Group is pleased to announce the acquisition of Walker Projects, a leading Engineering Consulting firm in Saskatchewan. Walker Projects provides a one-stop-shop for a variety of construction projects in western Canada. In addition

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Biggest insurers will soon control more of the market: A.M. Best

Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by

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Flying high: Drone use in insurance

By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration. Our numbers are nowhere near as high. According to Transport Canada, as of Aug. 31, 63,200 drones were registered in

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Why Intact CEO predicts more rate increases for homeowners

Despite a significant industry-wide drop, over three years, in home insurance loss ratios, the CEO of Canada’s biggest carrier is predicting rate increases. “In home insurance, our perspective is that we will see a mid- to upper-single-digit rate increase environment,”

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Contrary to popular belief, Eastern Canada is more at risk of earthquakes than perceived

By Jeremy Rimando, Postdoctoral Research Fellow, Structural Geology and Tectonics, McMaster University and Alexander Lewis Peace, Assistant Professor (Structural Geology), McMaster University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news,

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How one MGA keeps employees moving — virtually

You may not know the Mayo Clinic’s Dr. James Levine. But you’ve likely heard his now-famous phrase: “Sitting is the new smoking.” With many employees sitting in front of a computer in the comfort of their homes for the past

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Why A.M. Best says the Canadian industry profitability is improving

Despite the ongoing COVID-19 pandemic and increasing cost of weather catastrophes, the industry-wide combined ratio still improved 3.7 points last year and the pandemic is part of the reason, A.M. Best Company Inc. suggested in a report released Wednesday. The

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Westland announces third acquisition in one-week period

Westland Insurance Group Ltd. has announced the acquisition of Tredd Insurance Brokers in Toronto and Calgary, one week after it acquired two other brokerages in Alberta. Tredd Insurance offers commercial insurance, with specialties including but not limited to transportation, oil

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How insurers are approaching mandatory vaccinations

Two Canadian mutual insurers have announced they are implementing vaccination policies for their workforces. Gore Mutual Insurance Company and Wawanesa Mutual Insurance Company made the announcements earlier this week. “After hearing from employees, and keeping the health and well-being at

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B.C. not effectively overseeing safety of dams: auditor general 

VICTORIA – The British Columbia government has not effectively overseen the safety of the 1,900 dams it regulates, says the auditor general.   Michael Pickup said the Ministry of Forests, Land, Natural Resource Operations and Rural Development has not adequately verified

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Crawford’s Specialty Showcase

This September, Crawford & Company (Canada) Inc. will be hosting their very first Specialty Showcase webinar. Join practice leaders, Mark Hale, Robert Holmes and Neal Jardine on Wednesday, September 22, 2021 at 2:00 p.m. EST for a 1.5 hour long

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Said Ismail, P.Eng., CFEI Joins Origin and Cause

MISSISSAUGA, ON, SEPTEMBER 15, 2021/insPRESS/ – Origin and Cause, Canada’s largest forensic engineering and fire investigation firm, is excited to announce the addition of Said Ismail, P.Eng., CFEI, to our team in Ancaster, where he will be adding his considerable skill and technical expertise.  “I’m thrilled to

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Shaehan Corbell joins EFI Global as project manager in Ottawa, Ontario

OTTAWA, ON, SEPTEMBER 15, 2021/insPRESS/ – EFI Global, a leading full-service international consulting firm specializing in forensic engineering, environmental, fire investigation and specialty consulting services, has appointed Shaehan Corbell to the role of project manager in Canada. For the past

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Sustainable and Inclusive CAT Managements at All Levels

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The June 2022 event is themed Sustainable and Inclusive CAT Managements at All Levels. This event will look at ESG, vulnerable populations, and where Canada

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Catastrophe: Past, Present, and Innovative Paths Forward

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The Feb 2022 event is themed Catastrophe: Past, Present, and Innovative Paths Forward. As always, this event will feature a catastrophe year in review presented

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New in Catastrophe Technology & Modelling

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The Dec 2021 event is themed New in Catastrophe Technology & Modelling, and will focus on innovative CAT management technology and models that have arisen

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Cyber & The Connected World

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The Oct 2021 event is themed Cyber and The Connected World, and will focus on topics related to cyber and supply chain disruptions, how these

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Insurer, MGAs give employees more time off during pandemic

The pandemic has spurred MGAs and one insurer to offer additional paid time off and be more generous with their vacation policies. AXA Group announced Sept. 7 that it was giving its 153,000 employees worldwide two additional paid days off

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Combined ratio drops 18.2 points in the Lloyd’s market

The Lloyd’s market has returned to profitability. The Corporation of Lloyd’s has reported a 2.1-point improvement in its attritional loss ratio, from 52.6% in during the first six months of 2020 to 50.5% in the first half of this year.

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Will Hurricane Larry meet the cat threshold?

Losses to Canadian clients, from Hurricane Larry, seem to be comprised mainly of wind damage to residential property on Newfoundland Avalon’s peninsula, according to reports from adjusters so far. Hurricane Larry, which originated in the North Atlantic Ocean, passed by

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Linda O’Leary found not guilty of careless driving in fatal boat crash

Prosecutors failed to prove Linda O’Leary was operating her boat without proper care or consideration for others when it crashed into another vessel in central Ontario two years ago, a judge ruled Tuesday as he cleared her in the fatal

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RATESDOTCA acquires LowestRates.ca

Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates, LowestRates.ca co-founder and CEO Justin Thouin said in a LinkedIn post Monday. Terms

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First Notice of Loss Integration Is A Success

TORONTO, ON, SEPTEMBER 14, 2021/insPRESS/ – Accident Support Services International and Gore Mutual Insurance Company Have Successfully Gone Live with FNOL Integration Gore Mutual Insurance Company has been a longtime supporter of Accident Support Services International Ltd. (ASSI) and the

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Insurance Institute of Ontario- Industry Trends & Predictions: 2022

Join us virtually for our highly-anticipated Industry Trends & Predictions: 2022, featuring respected p&c consultant Phil Cook. Phil will take a look back at significant events that have impacted our industry. In addition to his usual review of recent events impacting

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