Industry
XL Group plc recently announced a new cyber insurance policy that includes a coverage extension outsourced providers of computer services and a “broader definition” of protected health information and personally identifiable information. Dublin-based XL Group is offering the new coverage through its North America cyber and technology risk unit, headquartered in New York City. “XL […]
By Canadian Underwriter | September 5, 2014
2 min read
YPSILANTI, Mich. — Your car soon will do more to help avoid a crash. As for one day leaving all the driving to the vehicle while you relax in back, don’t get your hopes up. That’s the message from safety executives at Toyota, who on Thursday promised by 2017 to have collision-prevention technology installed across […]
3 min read
Marsh has launched a catastrophic cyber policy for large companies that offers limits of more than $300 million in coverage above a minimum $100 million self-insured retention. Underwritten by leading cyber insurers and sold exclusively through Marsh, Cyber-CAT provides catastrophic protection for large companies seeking to better manage the growing threat of a cyber-related data […]
Hub International Ltd. announced Wednesday that its Sinclair Cockburn subsidiary has acquired a commercial book of business from Lisa Cook, an independent broker who will now be working for Hub out of Markham, Ontario. Cook “will support Hub Ontario’s regional efforts to expand its general middle-market commercial business, focusing on healthcare, manufacturing and pharmaceutical,” Chicago-based […]
By Canadian Underwriter | September 4, 2014
1 min read
More than seven of eight respondents to a recent survey said they would be “willing to consider” usage-based auto insurance if their carriers guarantee their rates would not increase, Towers Watson & Co. said Wednesday. “Most (79%) of the 1,000 respondents surveyed said they either would buy a UBI policy or are willing to consider […]
NEW YORK — Home Depot is investigating a potential credit card data breach. The Atlanta home improvement retailer told The Associated Press Tuesday that it’s looking into “unusual activity” and that it’s working with both banks and law enforcement. The possible data breach was first reported by Brian Krebs of Krebs on Security, a website […]
By Canadian Underwriter | September 3, 2014
Two brokerages with a combined total of six branches in Ontario – Neziol Insurance Group and Ottawa Valley Insurance – are joining Intact Financial Corp.’s BrokerLink subsidiary. The presidents of both firms will stay on with BrokerLink, which has 98 offices supported by more than 950 employees. Neziol Insurance Group has locations in Brantford, Oakville […]
CHICAGO – Researchers are tripping seniors on purpose, and it’s not some kind of warped practical joke. One 81-year-old woman – who tends to trip on uneven sidewalks – had sensors taped to her arms and legs, allowing scientists to track and analyze her movements. The experiment is among techniques being studied to prevent falls, […]
4 min read
The National Insurance Crime Bureau (NICB) released Wednesday a report on tailgate thefts in the United States, noting three cities in Texas had the greatest number of thefts. NICB’s report was based on claims data submitted by insurance companies between January 1, 2012 and December 31, 2013. “The top three cities for tailgate thefts were: […]
Commercial brokerage and risk management firm Marsh Canada announced Wednesday the acquisition of Montreal-based construction and surety provider Kocisko Insurance Brokers Inc. “Kocisko focuses on providing commercial insurance and risk management solutions to construction and surety operations throughout the province of Quebec,” Marsh said in a release. ” The Kocisko team will join Marsh Canada’s […]
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