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INSURANCE INDUSTRY NEWS
HSB Introduces Cyber Insurance For Autos
With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves.
Specialty insurer HSB is helping consumers respond with Cyber for Auto, a new coverage that will be available for cyber-attacks, the company has announced.
HSB's unique proposed coverage helps safeguard private information that is stored in personal vehicles and connected to cloud-based and wireless communication networks.
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HelloSafe, GuardTree Partner To Revolutionize Auto Warranties
HelloSafe, a leading online insurance comparison platform, is thrilled to announce its strategic partnership with GuardTree, Canada's first monthly subscription-based used car warranty product. Together, they aim to redefine the auto protection landscape in Ontario by offering drivers access to comprehensive and affordable solutions.
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Coalition Adds New Affirmative A.I. Endorsement To Cyber Insurance Policies
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, is pleased to announce it has added a new Affirmative Artificial Intelligence Endorsement to clarify what is covered by its U.S. Surplus and Canada Cyber Insurance policies.
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ZestyAI Unveils Roof Age Solution For Property Risk Assessment
ZestyAI, a leader in AI-powered climate & property risk analytics, is pleased to introduce its newest solution to address the leading driver of insurance losses – roof claims. ZestyAI's Roof Age pinpoints the age of a roof using data from both building permits and historical imagery to allow the company to determine the age of a roof.
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YASSI Named to Guidewire Insurtech Vanguards Program
Yotta Automated Software Solutions Inc., the platform of record for real-time vehicle lienholder, registration, and title data, announced that the company has joined Guidewire's Insurtech Vanguards program, a new initiative led by P&C cloud platform provider, Guidewire, to help insurers learn about the newest insurtechs and how to best leverage them.
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Axis Insurance Announces Strategic Investment in BeniPlus to Enhance InsurTech Offerings
Axis Insurance, a leading provider of innovative insurance solutions, is proud to announce a strategic investment in BeniPlus, a dynamic Insurtech firm specializing in comprehensive and cost-effective employee benefits for Canadian businesses.
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CSIO Working Group Publishes Quote & Bind Requirements for Farming Services
CSIO is pleased to announce that the Commercial Lines Working Group continues to advance CL Data Standards by publishing business requirements to quote and bind another industry segment, farming services.
Greenhouses, along with field crops, fruit, and vegetable farms, are some of the businesses included in the farming segment.
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Desjardins Acquires The Insurance Company Of Prince Edward Island
Desjardins Group, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. are pleased to announce that they have entered into definitive agreements for Desjardins to indirectly acquire all of ICPEI's shares in The Insurance Company of Prince Edward Island (ICPEI), allowing Desjardins to add ICPEI's home, auto and commercial insurance activities to its operations.
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IBC Commends BC Flood Strategy
Insurance Bureau of Canada has issued a statement commending the Government of British Columbia for its release of its official flood strategy, From Flood Risk to Resilience: A BC Flood Strategy to 2035.
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Canadians Fear Climate Change, Flooding, Wildfires
First Onsite Property Restoration, Canada's leading property restoration company, is pleased to announce the release of its annual survey examining Canadians' concerns, perceptions, and property readiness amid ever-changing weather patterns.
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Critical Gap in Creditor Life Insurance Coverage: CAFII
New research investigating the prevalence of insurance products such as Credit Protection Insurance (CPI) among homeowners, conducted by LIMRA on behalf of CAFII, has raised significant concerns about the financial security of Canadian families.
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Term Insurance From India Emerges As Preferred Choice For Non-Resident Indians
Policybazaar, India's leading online insurance marketplace, is witnessing a significant increase in non-resident Indians choosing term insurance from India via its platform. The demand among the 18-60 age group has surged, with India emerging as the preferred choice for NRIs residing in the US and Canada, driven by the unparalleled ease, benefits and accessibility offered by the Indian insurance market.
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