Breaking Insurance Industry News

Reliant Insurance poised for growth in Alberta

May 18, 2018 - Last November, Steven Bhardwaj and his father partnered with Calgary-based Alpine Insurance to acquire Farnese Insurance Brokers in Fort Saskatchewan, Alta. “We’ve been growing like gangbusters since then,” Bhardwaj told Canadian In ...
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Aon, DLA Piper review insurability of GDPR fines

May 18, 2018 - Aon and law firm DLA Piper have released a report—The Price of Data Security—that reviews the insurability of General Data Protection Regulation (GDPR) fines. GDPR comes into effect in Europe on May 25. Fines can be as high as 20 million ...
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Car data: Utah Tesla driver had hands off wheel before crash

May 18, 2018 - A Utah driver turned on the semi-autonomous functions of her Tesla vehicle and then didn’t touch the steering wheel again for 80 seconds before slamming into a firetruck stopped at a red light last week, a summary of data from the car released ...
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Distracted Driving

May 18, 2018 -   Size: 4.7 MB,   Time: 3 min, 14 sec Text transcript  Download Jean-Pierre Gagnon, vice-president of personal insurance for Travelers Canada, discusses the findings of the insurer’s distracted driving survey, and ...
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Hundreds of Fort McMurray insurance claims unresolved two years after wildfire

May 17, 2018 - Deadlines have been extended for hundreds of insurance claims that remain unresolved more than two years after a wildfire dubbed “The Beast” tore through Fort McMurray and surrounding areas in the Regional Municipality of Wood Buffalo. &# ...
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AI could lead to new sales channels: Deloitte Insurtech Summit

May 17, 2018 - People often think of artificial intelligence as a tool that can be used to automate workflows. But advances in AI—and natural-language processing (NLP) specifically—could lead to new sales channels for the insurance industry, according t ...
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Using data to influence behaviour: Deloitte Insurtech Summit

May 17, 2018 - Insurers have long relied on data to inform their underwriting models. But they can also leverage data to encourage policyholders to engage in less risky behaviours. That was part of the message delivered by Scott Loong, co-founder and CEO of Covera, ...
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As lava destroys Hawaii homes, owners ask: Am I covered?

May 16, 2018 - Patricia Deter moved from Oregon to Hawaii to be closer to her two daughters, but the Kilauea volcano burned down her home only a month after she bought it. Now Deter and others who have recently lost homes to the lava-spewing mountain are on an urge ...
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Legal pot spurs demand for commercial real estate, particularly in Alberta

May 16, 2018 - Canada’s impending legalization of marijuana is spurring demand for commercial real estate, particularly for retail shops in Alberta, where the government is selecting private operators to conduct over-the-counter sales, industry players said T ...
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What are the most common agribusiness claims?

May 16, 2018 - Over the last three years, the top 10 types of agribusiness claims have accounted for more than 50,000 claims received by U.S. farm insurer Nationwide. Here are the top 10 commercial agribusiness claims received by Nationwide in 2017. Moto ...
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