Daily News

Cyber compliance does not always equal risk management, Deloitte report finds

Cyber risk is a business issue. That was one of four key themes that characterized the state of cyber risk programs and issues facing the retail and distribution sector, according to a Deloitte report released this week.
Apr 17, 2015 4:24PM

Apple Watch launch April 24 'the biggest date' in insurance industry: CIP symposium speaker

The "biggest date" in the insurance industry will be April 24, when Apple Inc. is scheduled to launch its wristwatches, a business professor suggested Thursday to insurance professionals at the CIP Society Symposium in Toronto.
Apr 17, 2015 4:04PM

Actuary ranked as top job of 2015 by U.S. job search website

U.S. job search website CareerCast.com has ranked the job of actuary as the number one job of 2015.
Apr 17, 2015 2:28PM

Insurance brokerages who merge 'have to share the same principles,' says former IBAO pres

Insurance brokerages should have a "diversity in skills" among shareholders and should communicate their succession plan to employees and while acquisitions are one way to grown, most mergers and acquisitions fail, speakers said Tuesday at the...
Apr 17, 2015 1:41PM

Guy Carpenter launches flood model for Canadian insurance market

Guy Carpenter, a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, has launched its new G-CAT Canada Flood Model, what it calls the “first-ever probabilistic flood model for...
Apr 17, 2015 11:10AM

Size will help support presence, flexibility and efficiency: Economical Insurance's Tom Reikman

Economical Insurance’s intention to demutualize comes down to the belief that the insurer must be big enough and flexible enough to maintain its presence in Canada’s changing property and casualty space, senior vice president and...
Apr 17, 2015 10:04AM

British police would 'consider' new evidence in 1985 stadium fire that killed 56

BRADFORD, England - The circumstances surrounding one of England's worst sporting disasters could be re-examined following allegations that the fire at a soccer stadium which killed 56 people in 1985 may have been started deliberately.
Apr 16, 2015 6:14PM

Canadian personal & small business market will eventually be 'dominated' by two or three large insurers: Desjardins General president

Like life insurance, the Canadian market for property & casualty insurance - for personal and small commercial lines - will eventually be "dominated" by two or three major firms, the head of Desjardins General Insurance Group Inc. suggested...
Apr 16, 2015 5:49PM

Personal injury lawyers' referral, contingency fee arrangements should be filed with Superintendent of Insurance: IBC

Referral fee and contingency fee arrangements from personal injury lawyers should be filed with the Superintendent of Insurance for review of the impact on auto premiums in Ontario, suggested Ralph Palumbo, vice president, Ontario, with the...
Apr 16, 2015 11:11AM

Goal to raise awareness of growing climate and weather-related risks: U.S. academy

Looking to mark Earth Day Apr. 22, the American Academy of Actuaries has announced it will use social media messages to help bring attention to the risk of severe extreme weather/climate-related events and their incidence.
Apr 16, 2015 10:36AM

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