Economical commits $110,500 to the fight against cancer

Today, more than 60 per cent of Canadians diagnosed with cancer will survive compared with only 25 per cent in the 1940s. While tremendous progress is being made against the disease, overall cancer cases are increasing because of Canada’s aging and growing population. Much more work needs to be done.

To fund this work, the Canadian Cancer Society hosts Relay For Life events across the country. At these six to 12-hour events, teams of friends, family and colleagues join together to celebrate survivors, honour those lost and commit to raising funds to fight all types of cancer.

People can participate in these events at any age or fitness level. Every step taken at Relay For Life helps fund promising cancer research, community support services and other important work so that fewer Canadians are touched by the disease.

Economical Insurance is proud to once again support the Canadian Cancer Society in 2017 with $110,500 in presenting event sponsorships of 10 Relay For Life events in OntarioWoodstock, two in Waterloo Region, three in the GTA, four in Ottawa in addition to an event at Quartier DIX30 in Brossard, Quebec.

“Corporate sponsorships are essential to the success of our Relay For Life events,” says Lesley Ring, Vice-President, Development and Marketing for the Canadian Cancer Society in Ontario. “We are very thankful to Economical Insurance and its employees for generously supporting us for the past 12 years.”

“Relay For Life is our largest fundraising initiative of the year,” says Suzanne Dubois, Executive Director of the Canadian Cancer Society in Quebec. “Every dollar raised from these events helps the Canadian Cancer Society have more impact against more cancers in more communities across Canada. Our donors are helping researchers discover life-saving treatments and providing support programs to those living with cancer.”

This year, more than 400 Relay For Life events are being held across Canada. Since 1999, Relay For Life has raised more than $500 million in Canada for cancer research and support programs.

“At Economical, we have proudly sponsored Relay For Life events since 2006,” said Rowan Saunders, President and Chief Executive Officer of Economical Insurance. “This year, we continue to invest our sponsorship commitment toward the cancer cause. It is exciting to have four university events on the list of those we sponsor, allowing us to connect with a new demographic. Funds raised at Relay For Life, enable the Canadian Cancer Society to take a comprehensive approach to fight all type of cancer through research, prevention and advocacy activities, and support services for patients and their families.”

Cancer changes everything. So can you. Join Economical Insurance and its employees by registering for a Relay For Life event. Learn more at relayforlife.ca

About Economical Insurance
Founded in 1871, Economical is one of Canada’s leading property and casualty insurers, with $2.0 billion in premiums during 2016 and $5.4 billion in assets as at December 31, 2016. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.

SOURCE Economical Insurance

Newfoundland and Labrador cracking down on impaired driving

Insurance Bureau of Canada (IBC) congratulates the Government of Newfoundland and Labrador for announcing legislation to make changes to the Highway Traffic Act. The proposed changes would crack down on impaired driving and introduce stiffer penalties for this serious crime.

“IBC fully supports the government’s proposed changes and we welcome this fantastic announcement,” said Amanda Dean, Vice President, Atlantic, IBC. “Impaired driving takes far too many lives and it’s something that can be easily avoided. Property and casualty insurers are committed to working with governments across Canada to reduce impaired driving and to keep our roads safe for everyone. This is an important step and the Government of Newfoundland and Labrador is to be commended for this legislation.”

According to the government, the proposed amendments would expand the province’s vehicle impoundment program. Specifically, it would make it mandatory for a police officer to order the vehicle of an impaired driver to be impounded immediately. The proposed changes would also include the introduction of a mandatory ignition interlock program as a condition for a convicted driver’s licence reinstatement. Further, drivers who are younger than 22 years of age will be required to maintain a blood alcohol content of zero per cent. This would give young drivers the opportunity to form good driving habits that separate alcohol consumption from driving.

“IBC is encouraging all MHAs to support these important changes,” added Dean. “Our industry will keep working with the Government of Newfoundland and Labrador to help reduce this senseless, dangerous, and completely avoidable crime.”

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $9 billion in taxes and has a total premium base of $49 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau and @IBC_Atlantic or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1‑844‑2ask-IBC.

If you require more information, IBC spokespeople are available to discuss the details in this media release.

SOURCE Insurance Bureau of Canada

Stay a step ahead: RBC gives tips to be cyber smart

Technology has made lives easier, connecting people and businesses in an unprecedented ways. But with the steady pace of advancement and change comes the heightened risk of fraud, particularly digital and online fraud. Words like “phishing” and “smishing” that did not exist a decade ago have entered our everyday lexicon.

“The reality is that cyber-crime has become an increasingly problematic issue, not only for the financial services sector, but for other industries in Canada and around the globe,” said Adam Evans, vice-president risk management at RBC. “It takes a combined effort between organizations and consumers to prevent fraudsters and cyber scammers from getting their hands on your private information.”

According to the Canadian Banking Association, 72 per cent of Canadians use online and mobile banking as their primary means of banking, up from 52 per cent in 2012. It’s clear that Canadians are accepting of new and convenient banking and payment technologies but it’s important they know how to stay safe when using these tools.

“Empowering our clients and the public to protect themselves is one of the best lines of defense,” added Evans. “As Canada’s largest bank we believe we have a responsibility to help educate the public on common cyber, fraud and privacy scams.”

Canadians can do their part to stay safe
Watch the RBC Be Cyber Smart video series; a collection of cyber awareness tips for individuals, families, youth and RBC clients:

  1. Choose powerful passwords. Use multiple passwords, change them frequently and use ones that include a mix of letters and numbers: all essential components of online safety.
  2. Don’t respond to unsolicited requests for confidential information. Be aware of schemes that ask for personal or financial information – they could be pretexting.
  3. Beware of the phishDo not click on a link in an email, call a phone number, wire money or take any requested action, unless you first verify that a request is legitimate.
  4. Be cautious when sharing on social media. Be careful about including personal information online, on social networking sites and in email.
  5. Be wary of public Wi-Fi. Avoid using public Wi-Fi to online bank, online shop or access any confidential information.
  6. Keep your personal information private. Laptop and phone screens can easily be seen and your side of a phone conversation can be heard by everyone around you.

RBC is a proud participant in Fraud Prevention and Cyber Awareness months and aims to build awareness among clients and employees year-round. Read more tips and watch the Be Cyber Smart video series anytime on RBC’s Privacy & Security website.

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 35 other countries. For more information, please visit http://www.rbc.com/.‎

RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments and employee volunteer activities. For more information please see: http://www.rbc.com/community-sustainability/.

SOURCE RBC

A recent survey of Ontario drivers raises concerns about their ability to recognize, and therefore reject and report, auto insurance fraud.

Read more

Top 10 scams targeting Canadians in terms of number of complaints received

MONTREAL _ The Competition Bureau, in conjunction with the Better Business Bureau, Quebec-based consumers group Option consommateurs and other fraud-prevention partners announced Wednesday the top 10 fraud scams targeting Canadians in 2016. In terms of the number of complaints received, the hit list is as follows:

1. Employment Scam: $5.3 million lost

The most reported scam to BBB Scam Tracker. Chances are you didn’t apply for a job you can do from home, much less get an interview. A cheque-cashing scheme that is simply too good to be true.

Advice: Do research on any company before accepting a position; ignore a company that asks you to deposit a cheque.

_ _ _

2. Romance Scams: $17 million lost

Canadians give away a lot of money as they give away their hearts to Catphishers. Catphishing is when a fraudster fakes an identity and tricks someone via dating sites into a phony emotional or romantic relationship for financial gain.

Advice: Do not wire money to someone you’ve never met

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3. Identity Fraud: $11 million lost

Scammers steal a person’s identity to secure credit cards, bank loans and even rent property in that name.

Advice: Never carry your SIN with you; change online passwords regularly.

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4. Advance Fee Loan: $1.1 million lost

Paying an up-front fee to get a loan is illegal in Canada and the United States. These scammers prey on those who don’t qualify for loans through reputable lenders.

Advice: Seek alternative finance options.

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5. Online Purchase Scams: $8.6 million lost

Scammers have new online avenues to take your money and trust. Counterfeit merchandise, goods that never show up, fake websites and free trial traps are everywhere.

Advice: Shop on legitimate websites; use third party payment portals such as PayPal.

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6. Wire Fraud _ “Spearphishing:” $13 million lost

Spearphishing is a big problem for the business community. Millions are lost when scammers pose as company brass and demand money be wired to a fake company email.

Advice: Create payment redundancies in your organization; be vigilant on any incoming emails.

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7. Binary Options Scam: $7.5 million lost (Investment Fraud)*

Big promises of low-risk, high returns, and full refunds entice Canadians to take a chance. It’s really just an unregulated 50/50 bet and not investment at all. They delay any winnings…if you win at all.

Advice: Understand high risk is involved; seek professional investment advice.

*Source: Canadian Anti-Fraud Centre

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8. Fake Lottery Winnings: $3 million lost

If you didn’t enter…you didn’t win. Calls come in at all hours telling you you’ve won a big lottery. You just need to pay a tax or insurance fee before you get your millions. It’s way too good to be true.

Advice: You do not have to pay to receive lottery winnings; contact the corporation directly.

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9. Canada Revenue Agency Scam: $4.3 million lost

While the scam is still being reported, a crackdown on a call centre in India in 2016 has seen a dramatic decrease in the number of calls targeting Canadians.

Advice: The Canada Revenue Agency does not make threatening phone calls; the CRA does not request information by phone or by email.

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10. Fake Online Endorsements and Sponsored Content: Amount of Money Lost Unknown

Consumers are often enticed to purchase a product or service based on reviews by social media influencers. Unfortunately, these reviews may not be genuine and the influencer may have been paid by a company to be used as a marketing tool.

Advice: Take everything you read online with a grain of salt

Source: Better Business Bureau

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