Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
On March 14, 2017, Microsoft released a critical patch to address a security vulnerability on its Windows operating system. On May 12, eight weeks later, the WannaCry global ransomware attack exploited that exact vulnerability, impacting over 230,000 computers in more…
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This summer, the threat of a labour stoppage at Canada Post has caused many people and institutions to reconsider just how crucial mail delivery is to their business. In the insurance industry, we have already taken great strides to minimize…
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We often marvel at the speed of technological advancement, but every so often one development stands out. Consider that just eight years after Steve Jobs introduced the App Store, mobile apps may become much less prevalent than today. Their replacement:…
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Fall Convocation is one of my favourite times of the year. Soon I will be attending the graduation ceremonies of local Insurance Institutes across the country, congratulating many of the 1,000 people each year who receive their Chartered Insurance Professional…
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The California Earthquake Authority (CEA) and the State of California have teamed up to create a pilot program to provide homeowners in parts of the state with a financial incentive to brace and bolt their homes to prevent them from sliding off their foundations or toppling over in the event of an earthquake.
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The more I receive paper mail, especially financial documents and bills, the more it seems like an antiquated way of doing things. Nearly every statement I receive prominently advertises an option to sign up for electronic delivery and payment, and…
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Last year I posted a blog – CSIO and the Power of Collaboration – to reflect on the challenges and accomplishments of 2013. As many of you may recall, eDocs was a major success of our industry, with all members…
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Almost four years after launching public consultations, the federal government has published proposed regulations governing the demutualization of property and casualty insurance companies. The regulations will come into force on the day they are published in the Canada Gazette, Part…
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The National Building Code and the building codes of each province and territory in Canada are some of the best in the world, as are local building inspection practices. And Canadian homebuilders most certainly construct some of the best homes in the world.
But there is always room for improvement, and as severe weather gets fiercer and more pervasive, this need will only become more acute.
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In trying to draft a legislative framework in response to Economical Insurance’s request to demutualize, the federal government finds itself caught between strongly opposing views from the industry. Not unlike sailors trying to navigate a safe course between the mythological…
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On Tuesday, April 22, CSIO held its Annual General Meeting and Member Reception at the Royal York Hotel in Toronto. It was a great opportunity to reflect together with our broker, vendor and carrier members on the notable accomplishments that…
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Mobile technology has become indispensable to consumers, who contributed to an 80% growth in mobile web traffic in 2013. In fact, a recent Nielsen study reports that 40% of insurance research is conducted on mobile devices, and that 25% of…
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Canadian businesses lose an estimated $5 billion annually as a result of cargo theft. Organized by a sophisticated network of criminals, cargo theft involves stealing trucks or trailers full of merchandise to sell for a quick profit. This organized crime…
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The Ontario government has introduced new legislation “Fighting Fraud and Reducing Insurance Rates Act” to reduce auto insurance costs, fight fraud and protect consumers. IBC welcomes the proposed legislation, which reflects several recommendations from the property and casualty insurance industry.…
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