Breaking Insurance Industry News

Manitoba Public Insurance opens automotive research and training facility

Oct. 18, 2017 - Manitoba Public Insurance (MPI) is opening a state-of-the-art centre for automotive research and training in Winnipeg in response to rapid changes in the design of motor vehicles and higher repair costs. “Manitoba Public Insurance recognizes th ...
More details

Former governor general David Johnston named advisor to Fairfax, Deloitte

Oct. 18, 2017 - Financial holding company Fairfax Financial Holdings Ltd. and accounting firm Deloitte announced Tuesday that former governor general David Johnston will act as an advisor to each firm, reports Investment Executive. Related: IA Financial’s CEO ...
More details

The Co-operators rolls out privacy breach coverage

Oct. 18, 2017 - The Co-operators General Insurance Company has released a new product designed to protect small and medium-sized companies that have costs associated with a privacy breach and help them effectively respond and recover from this type of incident. The ...
More details

Marijuana rules will be ‘a work in progress,’ says Vancouver councillor

Oct. 18, 2017 - The looming deadline for legalized marijuana has local governments in British Columbia crafting wish lists for provincial legislation, from where pot should be grown to how it should be sold. Ottawa has said regulations must be in place by July 1 and ...
More details

Wind whipped grass fire: Emergency alerts in southern Alberta, Saskatchewan

Oct. 18, 2017 - Evacuations were ordered in communities across southern Alberta and Saskatchewan on Tuesday due to grass fires from winds that reached in excess of 100 kilometres an hour. Two trains went flying and another caught on fire in southeastern Alberta; tru ...
More details

Munich Re joins index-based weather risk protection platform

Oct. 17, 2017 - Munich Re will provide instantaneous indicative pricing as a member of the weatherXchange platform. Related: Companies increasingly want cover for intangible assets, earnings: Swiss Re WeatherXchange helps brokers and hedgers access index-based weath ...
More details

Frank Cowan Company introduces terrorism coverage

Oct. 17, 2017 - Princeton, Ont.-based Frank Cowan Company has launched a new suit of terrorism products that are currently available to its client base of public entities and specialty organizations. Related: The terrorism talk “Anyone watching the news can un ...
More details

Ride-sharing law a year away in B.C. as government hires expert to consult

Oct. 17, 2017 - Ride sharing in British Columbia is at least a year away despite an NDP promise to bring in services like Uber and Lyft by the end of 2017 after the government announced the hiring of a consultant Monday to direct the way forward. Transportation Mini ...
More details

Canadian InsurTech startup raises $1.5 million

Oct. 17, 2017 - Covera’s co-founders Paul O’Reilly and Scott Loong Montreal-based startup Covera Technologies Inc. has raised a total of $1.5 million in capital. The recently completed seed financing round raised $1 million and was led by Montreal-based ...
More details

Researchers discover vulnerability affecting Wi-Fi security

Oct. 16, 2017 - Security researchers have discovered a Wi-Fi network vulnerability that could allow attackers to steal sensitive information or spread malicious software while someone is logged into a computer or mobile device. Related: Property insurers have r ...
More details