OPP reminds public to be vigilent of scams

Members of the Temiskaming Detachment of the Ontario Provincial Police would like to inform the public of several different types of frauds/scams in the Temiskaming  area.

Police would like to remind the public to be aware before providing any personal information or money. Police are suggesting to inquire about the company that is asking for your personal information such as your bank account, computer information. Listed below are some of the recent scams investigated by the OPP.

The Romance Scam – Fraudsters take advantage of people who are lonesome. They may steal other profile photos to make themselves appear like someone else, use social media and lure victims. They may rush into the relationship, and promise a wedding or expensive items, once they meet in the victim’s country, or they may continue the online relationship over an extent of time to develop a trust level which usually results in the victim losing a significant amount of money, and the victim never actually meeting their so called partner.

Canada Revenue Agency (CRA) Scam – If you receive a fraudulent communication by email, phone, text, mail, from someone that claims to be the CRA and they request personal information, these are scams and never respond.

The CRA will never send you a link and ask you to divulge personal or financial information.

Compromised Credit Cards – Fraudsters have been calling the public lately claiming to be employees from the fraud department at a bank. They proceed to advise people that their credit card has been compromised and in order to verify they have the right account, to please read them your credit card number. In these cases, the fraudsters already have your name and first four digits on the Visa or MasterCard. This tactic is used to make them sound legitimate.

Do not divulge any personal information related to credit cards or banking particulars over the phone, by email, letter, fax, or any other means of communication. Call your credit card company or financial institution on your terms to verify/report any suspicious activity.

If you believe that someone is posing as a fraudster on the phone, hang up. Also, you can file a complaint through the Canadian Anti-Fraud Centre at 1-888-495-8501. If you are a victim of a fraud or scam, contact your local police agency.

Important Safety Tips to Remember:

  • Before giving money, ask questions. If the organization is legitimate, they welcome questions and will provide reasonable answers;
  • Never provide personal information through the internet or email;
  • Keep your passwords and PIN’s a secret;
  • Do not write down passwords or carry them with you;
  • Shred unwanted documents and make sure that your name and social insurance numbers are secure;
  • Ask a trusted friend/relative/neighbour to pick up your mail when you are away or ask that a hold be placed on delivery.

FRAUD…Recognize it …Report it …Stop it

LEARN MORE

If you suspect you may be the victim of fraud or have been tricked into giving personal or financial information, contact your local OPP detachment at 1-888-310-1122 or the (Link) Canadian Anti-Fraud Centre at 1-888-495-8501.

The Government of Canada Competition Bureau: aims to increase your awareness of the many types of fraud that target Canadians and offer some easy steps you can take to protect yourself and avoid falling victim to fraud.

Source;

Northern News

Mobile Phone Insurance Ecosystem Market Size | Incredible Possibilities

Source: All Times Tech

The research report presents a deep review of the Global Mobile Phone Insurance Ecosystem Market comprises of objectives analysis. The following segment centers around Mobile Phone Insurance Ecosystem market size, country-wise production revenue ($) and development rate estimation from 2019-2024.

The report additionally covers global Mobile Phone Insurance Ecosystem market share by industry players, product and applications. The report enables investors to evaluate the market, featuring the upcoming business opportunities, mindful of Mobile Phone Insurance Ecosystem industry news and arrangements by countries, technological development, limitations and difficulties in estimate years (2019-2024) and settle on a fundamental business decision.

Get Sample PDF of Report @ https://www.researchkraft.com/request-sample/973505

The key players covered in this study:

Allianz Insurance, AmTrust International Underwriters, Assurant, Asurion, Aviva, Brightstar Corporation, Geek Squad, GoCare Warranty Group, Apple, AIG

Market Segment by Type, the product can be Split into:

  • wireless carriers
  • insurance specialists
  • device OEMs
  • retailers

Market Segment by Application, Split into:

  • Physical Damage
  • Theft & Loss
  • Others

The Global Mobile Phone Insurance Ecosystem statistical surveying report studies the presence of the top to bottom market segments. The market is surveyed based on revenue (USD Million) and presents the significant players and providers affecting the market. Most of the Mobile Phone Insurance Ecosystem data, together with anticipated insights, is introduced in the report with the assistance of tables and figures and Mobile Phone Insurance Ecosystem introduction procedure causes the client to comprehend the market situation.

Get a discount on this research report @ https://www.researchkraft.com/check-discount/973505

Mobile Phone Insurance Ecosystem Market Regional Analysis Includes:

Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries

The Mobile Phone Insurance Ecosystem report additionally forecasts global market growth, alongside characterization dependent on geographical conditions. The regions are delegated with information which is outfitted in the release of the global Mobile Phone Insurance Ecosystem market growth is consistently assembled from reliable industries for anticipating the advancement of each section.

Major Points Covered in Table of Contents:-

  1. Scope of the Report
  2. Executive Summary
  3. Global Mobile Phone Insurance Ecosystem Market by Players
  4. Mobile Phone Insurance Ecosystem Industry by Regions
  5. Americas
  6. APAC
  7. Europe
  8. Middle East and Africa
  9. Market Drivers, Challenges and Trends
  10. Marketing, Distributors and Customer
  11. Global Mobile Phone Insurance Ecosystem Market Forecast
  12. Key Players Analysis
  13. Research Findings and Conclusion

OmbudService for Life & Health Insurance introduces new CEO

The Board of Directors of Canada’s OmbudService for Life & Health Insurance (OLHI) was pleased to introduce a new CEO and Ombudsman, highlight positive achievements, and outline future growth at their Annual General Meeting in Toronto on September 19th, 2019.

On August 19th, after an exhaustive search and recruitment process conducted by the Board of Directors, Glenn O’Farrellwas appointed Chief Executive Officer and Ombudsman of OLHI. A native of St-Malachie, Québec, Glenn’s previous roles include President of Global Television Québec, President and CEO of the Canadian Association of Broadcasters, and CEO of Groupe Média TFO. He is also a member of the Québec Bar and Institute of Corporate Directors. Before that, he studied economics, law, business and corporate governance at St. Francis Xavier University, Université Laval, the Johnson School of Management at Cornell University, and Rotman School of Management at University of Toronto.

One of Glenn’s mandates will be to continue with a Western expansion plan, in order to ensure that more consumers in Western Canada are aware of OLHI’s services.

“We are pleased that OLHI’s profile with the regulators and consumers continues to grow”, said Dr. Janice MacKinnon, OLHI Chair. “Support from our stakeholders has been instrumental in enhancing our profile among consumers, and with the addition of Glenn to the team, we will drive further development and continue strengthening our various stakeholder relationships”.

Additional highlights included the following:

  • Number of contacts increased by 5.9%, reaching a historic record
  • Quebec complaints are still the highest at 54.5%, Ontario remains second
  • Total number of Complaints this fiscal year reached 2,290
  • Website visits increased by 6.4%

OLHI recorded 107,164 website visitors, with just over 90,000 being new visitors. By Function, Claims and Service related complaints made up over 80% of the total volume, while By Product, this number remained relatively consistent with previous year’s data.

Following the AGM, OLHI released its 2019 Annual Report on its web site. The report presents a comprehensive overview of all the achievements, statistics and case studies from the past year and is readily available at www.olhi.ca/news-publications/annual-report/ and www.oapcanada.ca/nouvelles-et-publications/comptes-rendus-annuels/.

About the OmbudService for Life & Health Insurance
The OmbudService for Life & Health Insurance (OLHI) is Canada’s only independent complaint resolution service for consumers of Canadian life and health insurance. Canadians trust us to review their insurance complaints about life, disability, employee health benefits, travel, and insurance investment products such as annuities and segregated funds. OLHI’s free bilingual services are available to any consumer whose insurance company is an OLHI member – and, currently, 99% of Canadian life and health insurers are. OLHI also offers general information online about life and health insurance. To ensure impartiality, OLHI’s operations are overseen by the Canadian Council of Insurance Regulators (CCIR). For more information, visit www.olhi.ca and www.oapcanada.ca.

SOURCE OmbudService for Life & Health Insurance

Related Links

www.olhi.ca

Daisy Intelligence Raises $10 Million in Funding to Scale Its AI Platform

Source: Business Wire

TORONTO — Daisy Intelligence today announced that it has raised $10 million (CDN) in Series A financing led by Framework Venture Partners and partnered by European-based corporate investor, Sonae IM. The funding will enable Daisy to expand globally, invest in sales and marketing, provide further support for its customer success teams, and expand its operational infrastructure as growth demands.

Daisy’s AI-powered technology platform helps retailers and insurance companies generate significantly improved financial results by delivering business recommendations and automating complex processes beyond human capability.

Daisy is driving a revolution in retail with its core AI SaaS platform, adding intelligence and automation to merchandising decisions. Daisy has helped its retail clients increase year over year, same store sales an average of 2.9% by optimizing their promotional product and pricing mix. Insurance companies use Daisy’s AI-powered risk management platform to detect and avoid millions of dollars in fraud and automatically adjudicate claims.

Daisy’s proprietary AI technology, which uses reinforcement learning, is attracting a rapidly growing client base across the U.S., Canada, Latin America, and Europe based on a record of proven business results. Over the past year, Daisy has doubled its revenues and staff by adding new clients and further deepening existing relationships with leading retailers and insurance companies.

“This financing round reflects the growing interest in our AI-powered platform from companies around the world looking to drive higher sales and profits with our unique technology that helps them make business decisions,” said Gary Saarenvirta, founder and CEO of Daisy. “This investment supports Daisy’s mission to empower people to achieve their best by using machine intelligence to help them with the most difficult tasks, freeing up their time to focus on more strategic business matters. With support from the world-class investors at Framework and Sonae IM, we are incredibly well positioned to execute on our vision.”

A preeminent authority on AI, Saarenvirta leveraged his background in aerospace engineering to bring autonomous machine intelligence based on reinforcement learning to clients in retail and insurance.

“There is a lot of vaporware and broken promises in the AI startup landscape,” said Peter Misek, Founding Partner at Framework Venture Partners. “After meeting hundreds of startups, Daisy was the first we met where we felt the promise could be delivered.”

The investment in Daisy is one of the first from Toronto-based Framework Venture Partners’ new $150 million fund focused on supporting rapidly scaling tech companies in Canada and abroad. Framework invests in software companies with a focus on businesses re-imagining the consumption and delivery of financial services or applying artificial intelligence solutions to large industry-specific datasets.

“Daisy Intelligence attracted our attention with its distinctive AI capabilities applied to merchandising, which is definitely a crucial activity within grocery retail. As a strategic investor with a strong European foothold, we have the ambition to support the company, with every means possible, in its growth and global expansion,” said Eduardo Piedade, CEO of Sonae IM.

Sonae IM is a European-based corporate venture investor specializing in retail, telecommunications, and cybersecurity technology, with a global mandate to invest in B2B companies both in growth and early stages. In retail tech, Sonae IM currently has more than 10 active investments worldwide, with Daisy Intelligence as its first investment in Canada.

For additional information visit daisyintelligence.com.

For more information, visit http://www.framework.vc.

Sonae IM is the technology investment arm of Sonae Group (www.sonae.pt/en/).

Province’s auto insurance plan deemed problematic by lawyers

Some of the Ontario government’s proposed changes to auto insurance laws will not reduce insurance costs and premiums, the Federation of Ontario Law Associations said.

In a Sept. 17 submission, FOLA said that both plaintiff personal injury lawyers and insurance defence lawyers had several concerns about the proposed policies.

“These lawyers are on the front lines of the justice system and see its triumphs and shortcomings every day,” FOLA’s report said. “To us, the Care, Not Cash model had no merit when it was first proposed, and it has no merit now.”

In a separate Sept. 16 submission, the Toronto Lawyers Association said it supported some aspects of the government’s plan — such as reinstating the $2 million benefit limit for catastrophic car crash injuries, allowing recipients to decide how to split the money between medical, rehab and attendant costs. But like FOLA, the government’s plan also raised concerns for the TLA, both on the plaintiff’s and defence side of the bar.

For instance, a proposal to let people lower their auto insurance premiums by reducing their coverage to $1 million is problematic, the TLA wrote.

“Auto insurance policies are difficult for consumers to understand,” the TLA said. “Consumers who opt for $1 million in coverage may be required to turn to Ontario’s already overburdened health care system and other social welfare systems . . . . or they may be forced to suffer without the treatment they need.”

Both FOLA and the TLA said the province will need to focus on insurance broker oversight, as well as extensive campaigns to raise consumer awareness of these issues.

FOLA’s response to the government’s consultation said it is not clear why the government would ban settling with an insurance company. While fraudsters do take advantage of cash settlements, the government’s proposal is a “sweeping” change that would only prevent a small amount of fraud, the TLA said.

Source: Law Times

READ MORE HERE: 

Home Insurance – Types of Coverage

Comprehensive

As the most inclusive home insurance policy, comprehensive covers both the building and its contents for all risks, except for those specifically excluded. Two types of risk that are not normally included in any home insurance policy are:

The insured perils included in comprehensive and other policies include coverage for aircraft or vehicle impact, fire, lightning, theft and window breakage.

If you live in a condo/strata or mobile home, you require customized insurance for your property type.

Basic or Named Perils

If you want to save money and carry the financial risk of some losses yourself, consider a basic or named perils policy. This policy covers only those perils that are specifically stated.

Broad

If a comprehensive policy costs more than you want to pay and a basic or named perils policy isn’t suitable, a mid-priced compromise is the broad insurance policy. This policy provides comprehensive coverage on the big-ticket items, such as the building, as well as named perils coverage on the contents.

No Frills

Some insurers offer basic or no frills coverage for properties that don’t meet normal insurance standards. If there are physical problems with your home that keep it from meeting the standards set by insurers, you may save money in the long run by correcting these problems to qualify for better coverage.

Personal Liability

Whether you own or rent your home, you can be held liable for bodily injury or property damage unintentionally caused to others. Your home insurance’s personal liability portion provides coverage if such an event occurs on your property or anywhere in the world.

For example, if a visitor slips on a snow-covered walkway on your property and is injured, you may be held legally responsible. If you’re found negligent, your personal liability coverage would cover the damages resulting from the injury up to the coverage limit. Liability coverage does not apply to injuries sustained by you or members of your household.

In addition to the home coverage types described above, insurers may use trademarked product names to describe home insurance packages.

Source: IBC

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