Insurable Interest Canadian Insurance Blog

Comprehensive Risk Management Services and Insurance Coverage for Global Clients Navigating Multinational Complex Risks Chicago, IL (Jan. 23, 2024) – Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, is pleased to announce the launch of HUB Multinational Protection, a comprehensive risk management services and insurance product tailored to the evolving complex risk needs of multinational clients in all industries, who operate in five countries or less. “It is important that clients dealing with the challenging global landscape work with specialists from around the world who understand in-market risks and comply with the insurance requirements and regulations necessary in each country,” said Will Mulé, Executive Vice President, Global Risk Solutions Practice Leader. “HUB Multinational Protection offers an all-encompassing approach, whether our clients have employees who travel or work abroad, sell products globally, sponsor international trips, or have physical offices, manufacturing facilities and warehouses outside the United States.” Navigating diverse regulatory environments is critical, and HUB Multinational Protection’s nuanced coverage adapts to the compliance requirements that vary from country to country – whether clients have operations abroad or international exposures. The comprehensive coverage options include: Global Property General Liability Employee Benefits Liability Excess Auto Foreign Voluntary Workers...

In 2023, Crawford Technologies posted the highest revenue in company history Toronto, ON (Jan. 26, 2024) – Crawford Technologies, a leading provider of innovative document solutions that streamline, improve and manage customer communications, announces it experienced double-digit growth during its fiscal year ending September 30, 2023, attaining the strongest financial year in the company’s 27-year history. Crawford Technologies’ strong performance is a result of significant milestones that include product innovation, ongoing advancements to its existing technologies, expanding its partnerships and its management team. Major product innovations included the development and launch of AI-based SmartSetup, a no-code software solution designed to fully automate the time-consuming task of indexing and extracting data from print files, reducing the cost and time needed by over 90%, resulting in significant savings. SmartSetup received the 2023 Xplor Technology of the Year Award, honored as a product that is transforming the industry by expanding the capabilities of document and communication systems. Additionally, the company built and deployed two SaaS solutions, which experienced significant adoption during Crawford Technologies’ fiscal year: cSimpl, a document reengineering service designed for  affordable and simplified optimization software; and PRO DocNow,  a service that gives both print service providers and enterprises fully automated document...

Floodbase will integrate 24/7, all-weather synthetic aperture radar (SAR) data into its advanced parametric flood solution through the Capella Space Analytics Partner Program San Francisco, CA (Jan. 23, 2024) – Floodbase, a leading data provider and reporting agent for parametric flood insurance, is pleased to announce a partnership with Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, to bring high-resolution SAR satellite data to Floodbase’s end-to-end solution for parametric flood insurance. This partnership will enable enhanced payout trigger certification of parametric insurance products by capturing the magnitude of flooding at high resolution and regardless of cloud cover. Flood risk is growing due to climate change and other factors. Traditional insurance alone cannot fill the gap, making parametric flood insurance a crucial tool for augmenting flood resilience. Floodbase leverages a variety of datasets to meet the growing needs of the parametric flood market, now enhancing their solution with best-in-class SAR imagery from Capella’s satellite constellation. Floodbase’s multi-sensor fusion approach allows the company to seamlessly add additional sensors for payout trigger certification to optimize policy design for clients. Leveraging Capella’s automated tasking API, Floodbase can quickly task SAR imagery when need at night...

Start Slideshow An annual salary of $100,000 may look high in many parts of the United States, but less so in some of America’s largest cities, after taxes and basic living expenses. New research from GOBankingRates finds that some states take a big bite in taxes, while others do not even apply an income tax, making the $100,000 number vary widely, depending on where the earner lives. To find how far a salary of $100,000 goes in the 50 biggest U.S. cities, GOBankingRates sourced the most populated cities from the U.S. Census American Community Survey.  Researchers also tapped Sperling’s BestPlaces for the grocery, health care, utilities and transportation indexes, and calculated the national average expenditure costs for each category for all individuals, using the Bureau of Labor Statistics Consumer Expenditure Survey. They sourced average rental cost from the Zillow Observed Rental Index and added this figure to the annual expenses to find the total cost of expenses.  Then, using in-house calculations for each city, researchers calculated take-home pay after taxes, and by removing the annual total cost for expenses found the net remainder from a salary of $100,000 as of Jan. 8.  See the accompanying gallery for the 12 most...