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INSURANCE INDUSTRY NEWS
Customers Still Shopping Around Despite Auto Rates Stabilizing: J.D. Power
The rate at which U.S. auto insurance premiums increased in 2024 declined over the course of the year, but even as auto insurance customers gained some pricing relief, the percentage of customers shopping for insurance year over year increased by almost 10 percent, according to the J.D. Power 2025 U.S. Insurance Shopping Study.
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Climate Change Showing Its Claws: Munich Re
Worldwide natural disasters in 2024 caused insured losses considerably higher than the inflation-adjusted averages of the past three decades. In terms of insured losses, it was the third most expensive year; in terms of total losses, 2024 ranks fifth since 1980.
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Severe Weather Set To Spike Global Insured Losses
When a severe hurricane or strong earthquake hits a densely populated urban area, insured losses in that year could be more than double the long-term loss trend, reaching USD 300 billion or more in a peak year, according to the latest modelling analysis from Swiss Re Institute.
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iA Financial Group Launches Digital Financial Planning Tool
iA Financial Group is pleased to announce it has deployed My Financial Journey™, a digital financial planning tool, to brokerage network advisors who are eligible for the iA Premier recognition program. This innovative needs analysis tool enables advisors to offer their clients a personalized plan aligned with their financial objectives at every stage of their lives.
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Canadians Split On A.I. Cybersecurity: Getapp
Canadian IT professionals are uncertain about the impact of AI in cybersecurity, with half seeing it as an avenue to greater information security and cyber defense while the other half consider it a threat that will facilitate cybercrime, according to the results of the GetApp 2024 Data Security survey.
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Crawford Technologies Introduces Enterprise-Class On-Demand Accessible Document Creation
Crawford Technologies, a provider of innovative document solutions that streamline customer communications, is pleased to announce the availability of AccessibilityNow® Gateway Enterprise, the only cloud-first, real-time, omnichannel digital document conversion and delivery solution for transforming and delivering accessible customer communications.
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Northbridge Achieves CSIO JSON API Standards Certification For FNOL
CSIO is pleased to announce that Northbridge Insurance has attained Certification for CSIO's JavaScript Object Notation Application Programming Interface Standards. Northbridge was awarded this Certification for implementing JSON API Data Standards for First Notice of Loss use cases.
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Mitchell Launches Cloud-Native Guidewire Integration
Mitchell, a leader in the development of innovative auto physical damage technology solutions, is pleased to announce the availability of its cloud-native integration for Guidewire ClaimCenter. The new integration optimizes loss profiling, assignment and damage appraisal workflows by automatically synchronizing data from Guidewire and Mitchell applications, helping auto insurers reduce leakage and expedite claims processing.
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What Would You Grab When Fleeing A Disaster?
As wildfires, floods, and extreme storms threaten more Canadian communities each year, a new survey from First Onsite Property Restoration reveals what Canadians would save first when disaster strikes – and what they would leave behind.
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McDougall Insurance Group Acquires Active Insurance
Cornell Insurance Brokers Ltd., a division of McDougall Insurance Brokers Limited, is pleased to announce the successful combination with Active Insurance & Financial Group Inc. in Etobicoke Ontario. The strategic transaction brings together two excellent GTA insurance brokerages and strengthens McDougall's presence in the region.
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SIB Expands Its Presence In Ontario
SIB Corp., operating as StoneRidge Insurance Brokers (SIB), is pleased to announce its continued expansion with the acquisition of Jim Kelly Insurance Brokers Ltd., based in Pickering, Ontario.
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Coalition Launches Active Cyber Insurance In Nordic Region
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, is pleased to announce the launch of its innovative Active Cyber Insurance in the Nordic region through its subsidiary, Coalition Insurance Solutions, filial af Coalition Insurance Solutions GmbH, Tyskland.
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