Breaking Insurance Industry News

Crash claims up 2.7% in first states to legalize pot

June 22, 2017 - An insurance study links increased car crash claims to legalized recreational marijuana. The Highway Loss Data Institute, a leading insurance research group in the U.S., released the results Thursday saying the study found collision claims in Colorad ...
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SGI considers penalizing drivers who leave their keys in vehicle that is stolen

June 22, 2017 - Saskatchewan Government Insurance (SGI) is considering insurance consequences for drivers who leave their keys or key fobs in a vehicle that ends up being stolen. Under current SGI insurance rules, the stolen truck would be covered for insurance purp ...
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Risk managers enhance their skills at RSA seminar

June 21, 2017 - Risk managers from across the country recently landed in Toronto to take advantage of a risk management seminar organized by RSA Canada and the Schulich Executive Education Centre (SEEC) at the Schulich School of Business. The event is in its secon ...
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GUARANTEE GOLD® helps heritage homeowners rebuild history after a fire

June 21, 2017 - Rebuilding a heritage home can be complex. It requires unparalleled focus, expertise, and open communication. GUARANTEE GOLD® broker partners can trust that the details are taken care of – from the appraisal, to the policy, to the rebuild. ...
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Heat, lightning raise risk of wildfires across most of B.C.’s central Interior

June 21, 2017 - The first heat wave of the summer is expected to hit British Columbia’s Cariboo region by the weekend and the BC Wildfire Service says it is bracing for potential fires as a result. The service says lightning storms along with the heat could sp ...
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Six ways to protect your brokerage from security breaches

June 21, 2017 - The global scope of last month’s WannaCry virus highlights the importance of ensuring that brokerages and their computer systems are protected from both physical and virtual security breaches. Paul Saabas, a vice-president at Shred-It Canada, s ...
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Most valued Canadian possession is the home: Allstate

June 21, 2017 - Most Canadians (88%) say their home is their most valued possession but family keepsakes and personal technology also rank high in significance, according to an Allstate Insurance Company of Canada poll. Homes are also a major recipient of Canadians& ...
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Red Deer cleaning up from wind storm after declaring state of emergency

June 21, 2017 - People in Red Deer were cleaning up Wednesday after a violent windstorm that knocked out power and prompted the central Alberta city to declare a local state of emergency. Homes were damaged Tuesday when wind gusts of more than 100 km/h hit the city ...
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Canadian firms overconfident regarding cybersecurity

June 20, 2017 -  Though 76% of Canadian firms anticipate the number of data breaches will increase over the next year, some may be overconfident about their preparedness. Analytics firm FICO has released a survey finding that 28% of companies in Canada and othe ...
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ENCON Group releases stand-alone cyber insurance

June 20, 2017 -  Managing general agent ENCON Group Inc. is launching a stand-alone cyber insurance product called CyberPro that provides coverage of up to $5 million. The policy, which is offered in partnership with Ascent Underwriting, will cover network ...
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