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Article 0 Comments AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NASW Insurance Co. (NASWIC) headquartered in Washington, D.C. AM Best said the credit ratings reflect NASWIC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The status is under review with negative implications, according to AM Best, based on the “uncertainty regarding NASWIC’s prospective business plans to operate on a stand-alone basis” due to its separation from Preferra Insurance Company Risk Retention Group in 2024. Prior to 2024, NASWIC provided reinsurance for Preferra RRG. Also, NASWIC’s parent, NASW Assurance Services Inc. (ASI), a subsidiary of the National Association of Social Workers (NASW), provided administrative and marketing services to Preferra. However, the two entities became involved in litigation. In August the parties announced they had settled their lawsuits and agreed to go their separate ways. No terms were disclosed. The extension of the under review with negative implications status reflects the additional time needed for NASWIC’s management to form a new risk retention...
Toronto, ON (Oct. 29, 2025) – We are proud to announce the launch of the Canadian Public Adjusters Association (CPAA) — a national not-for-profit organization dedicated to advancing consumer protection and strengthening public awareness in Canada’s property insurance sector. In recent years, Canadian homeowners and property owners have faced increasing challenges navigating the insurance claims process without proper guidance, advocacy or representation. The CPAA exists to change that. The CPAA is a partnership of experienced firms and licensed Canadian public adjusters from Alberta, British Columbia, Ontario and beyond – united by a shared goal of ensuring Canadians are treated fairly when disaster strikes. Our mission is to: Educate policyholders about their rights under their property insurance policies. Advocate for fairness and transparency in the claims process. Ensure standards and qualifications for public adjusters across Canada. Represent the policyholder’s voice in industry and regulatory discussions. This launch is just the beginning. Stay tuned for upcoming educational resources, policy insights, and advocacy initiatives designed to empower policyholders, support communities and engage constructively with industry regulators. For media inquiries, interviews, or to show your support, please contact us at info@cpaa-adjusters.com About the Canadian Public Adjusters Association The Canadian Public Adjusters Association (CPAA) is...
One Inc Extends Strategic Partnership with Guidewire, Bringing Embedded Digital Payments to Canadian P&C Insurance Market Folsom, CA (Oct. 27, 2025) – One Inc, a leading digital payments network for the insurance industry, is pleased to announce the introduction of its flagship solution, ClaimsPay® to the Canadian property and casualty (P&C) market. The solution will be available as a Guidewire integration in Fall 2026 in the Guidewire Marketplace, marking an extension in the Guidewire and One Inc strategic partnership. One Inc is the Guidewire strategic partner for payments, a designation that highlights the companies’ close collaboration on modernizing insurance payments. With more than 35 Canadian insurers in the Guidewire customer community, this extended partnership brings next-generation payments to insurers across the country through pre-built integrations with Guidewire Cloud. The ClaimsPay integration will deliver fully embedded, digital claims disbursements directly within insurers’ core platforms. Ultimately, Canadians will have the opportunity to be paid their insurance claims more quickly and with greater optionality. “The Canadian insurance market is ready for digital transformation,” said Ian Drysdale, CEO of One Inc. “Our partnership with Guidewire enables Canadian insurers to adopt cloud-first workflows and modern payment solutions with ease, helping them reduce costs, accelerate claims...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
CSN Collision CSN partners with private equity platform of Onex Corporation Toronto, ON (Oct. 23, 2025) – CSN Collision, one of North America’s leading networks of collision repair centres, is pleased to announce that it has partnered with ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX), to acquire various collision centres from the founders of CSN, who will remain shareholders in the Company going forward. This transaction marks a pivotal milestone in CSN’s evolution and the beginning of an exciting new chapter in its growth story. With ONCAP’s financial backing and the establishment of a scaled platform of corporate-owned collision centers, the Company is now positioned to pursue the acquisition of collision repair businesses of any size. The Company’s network of independently owned collision repair centres remains the cornerstone of its business and ONCAP’s investment will enable further expansion with greater resources to better support CSN licensees. The partnership strengthens CSN’s position as one of North America’s leading collision repair networks and positions the Company for continued growth that benefits its stakeholders and the industry at large. “This is an exciting time for CSN and the entire collision repair industry,” said Ryan Bruno, President & CEO...
Article 0 Comments Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were “a piece of cake” to attack. David Desclos talks like what he was: a pro who knew how to make alarms go quiet. In an interview with The Associated Press on Tuesday just outside I.M. Pei’s glass pyramid, the reformed burglar said he flagged the gallery’s windows and nearby display cases years ago, after the Louvre invited him to the Apollo Gallery to weigh in for its 2020 in-house podcast about a historic 1792 theft. “Have you seen those windows? They’re a piece of cake. You can imagine anything — people in disguise, slipping in through the windows,” he said, recounting that he told a senior official involved in the Louvre’s podcast production — not the museum director — about the risk. “Through the windows — even from the roofs — there are plenty of ways in.” Then came Sunday’s heist. Authorities say two thieves in high-visibility jackets smashed through a window of the Apollo Gallery and...
Strengthening Restoration Services Across the Kootenays Vancouver, BC (Oct. 23, 2025) – The GUS network continues its expansion across Western Canada with the addition of Downs Construction, one of Vancouver Island’s most trusted restoration companies. This partnership marks another milestone in GUS’s growing presence across the region, strengthening its reach from the Kootenays to the coast. Locally-owned and proudly serving Greater Victoria and neighboring communities for over 50 years, the company has earned a strong reputation for quality, integrity, and innovation. Founded by Ev and Steve Downs, it was among the first in the region to introduce advanced drying systems using air movers and dehumidifiers in the early 1980s, setting new standards in restoration excellence that continue today. Downs offers a full range of services including property restoration (fire and flood), mold remediation, asbestos abatement, contents restoration, painting, carpentry, building repairs, and emergency services. The company holds an A+ BBB rating, provides an industry-leading 60-month warranty, and is recognized for exceptional customer care and craftsmanship. The leadership team includes Vlad Hrokh, co-owner and standout Senior Project Manager known for his top performance, and Rob Absolon, General Manager, who continues to drive growth and excellence. “We are proud to be a...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Toronto, ON (Oct. 22, 2025) – A shift has arrived in the world of insurance technology. Trufla has officially launched truMarket, a revolutionary end-to-end platform built to take brokers Beyond the BMS and into a new era of connected, intelligent brokerage operations. Premiering at the Insurance Brokers Association of Ontario (IBAO) Convention, truMarket stands as the most transformative innovation in Trufla’s history—fusing automation, AI, and human insight to redefine how brokerages attract, serve, and retain clients. From first lead to final renewal, truMarket delivers what legacy systems never could: a seamless, data-driven experience that’s as effortless as it is powerful. “I’ve worked inside those legacy systems,” said Sherif Gemayel, Founder and CEO of Trufla. “I know firsthand how frustrating, clunky, and limiting they can be for brokers trying to do their jobs efficiently. We built truMarket because brokers deserve better. We didn’t want to create another tool that fixes one issue—we wanted to transform the entire experience. truMarket reimagines brokerage technology from the ground up, replacing the inefficiencies of legacy systems with a seamless, intelligent platform that gives brokers back their time and their confidence in technology.” ligent ecosystem that powers the modern brokerage from prospect to policy renewal.” The...
