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Toronto Transit Commission probes potential future use of automated vehicles

March 24, 2017 by Canadian Underwriter

The Toronto Transit Commission (TTC) is recommending to its board that staff continue to monitor the technological and legislative progress of automated vehicles (AVs) and report back with a recommendation for potential future use of AVs at the transit agency.

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Vericlaim Canada celebrates new office in British Columbia

March 24, 2017 by Sedgwick

Vericlaim Canada, a subsidiary of Sedgwick, hosted an opening celebration for its new Langley, British Columbia office on March 2, 2017 and welcomed many industry friends and partners for a firsthand look at the company’s growth. Mike Holden, President, was pleased to officially welcome

News Commercial LinesInsurancePersonal Lines

Multi-line brokerage Andrew Agencies Ltd. announces acquisition of McCracken Insurance M.I.L. Ltd.

March 24, 2017 by Canadian Underwriter

Multi-line brokerage Andrew Agencies Ltd. announced on Thursday the acquisition of Airdrie, Alta.-based McCracken Insurance M.I.L. Ltd. Andrew Agencies will acquire McCracken Insurance on April 3, the former said in a press release. The new Airdrie location will be the

News InsuranceLegislation / RegulationMarkets / Coverages

TSB reiterates recommendation to require all fishing vessels have anti-exposure worksuits or survival suits

March 24, 2017 by Canadian Underwriter

The federal agency responsible for investigating boating accidents reiterated this week a warning that many small fishing vessels are permitted to operate in cold waters without anti-exposure worksuits or survival suits. In March, 2016, the Transportation Safety Board of Canada

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TransCanada gets U.S. State Department’s OK for Keystone XL pipeline

March 24, 2017 The Canadian Press

CALGARY – TransCanada has been granted a presidential permit from the U.S. State Department that allows it to move forward on building the long-delayed Keystone XL pipeline, the latest turn in fortunes for the controversial project. In granting the permit,

News Commercial LinesInsuranceMarkets / CoveragesTechnology

Organizations considering standalone cyber coverage should evaluate risk profile to see if traditional policies are adequate: RIMS

March 24, 2017 by Canadian Underwriter

Organizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member

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Ottawa promises funding to address risk of food contaminated by listeria, artificial intelligence research

March 24, 2017 by Canadian Underwriter

The federal government is proposing to spend $125 million on a “strategy” for artificial intelligence, to be administered by the Canadian Institute for Advanced Research (CIFAR). “From smartphone applications that can understand human speech to self-driving cars, artificial intelligence is

News CatastrophesInsuranceMarkets / Coverages

Spring remains elusive in Atlantic Canada as gusty storm sweeps through

March 23, 2017 The Canadian Press

HALIFAX – Spring remained elusive in parts of the Maritimes on Thursday after a storm swept through the region, knocking out power and closing schools. The Canso causeway to Cape Breton was closed in the morning as a winter storm

News CatastrophesCommercial LinesInsuranceLegislation / RegulationPersonal Lines

Present Canadian approach to wildland/urban interface fires requires “radical and sweeping strategic shift”: ICLR

March 23, 2017 by Canadian Underwriter

The present Canadian approach to wildland/urban interface fires requires a “radical and sweeping strategic shift,” the Institute for Catastrophic Loss Reduction (ICLR) said in a newly released report into the Fort McMurray wildfire. The final report was titled Why some

News CatastrophesInsuranceMarkets / Coverages

Federal disaster mitigation funding “a leap forward”: ICLR

March 23, 2017 Angela Stelmakowich

The federal budget’s commitment to create a $2 billion Disaster Mitigation and Adaptation Fund demonstrates Ottawa’s increasing support for disaster risk reduction, suggests Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). “For many years, the federal

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Ottawa plans to eliminate tax exemption for farm property insurers, amend anti-money laundering laws

March 23, 2017 by Canadian Underwriter

The federal government said Wednesday it is proposing to eliminate a tax exemption introduced in 1954 for insurance carriers providing property insurance for farming and fishing properties. In its budget document, the ruling Liberals suggested they want to give the

News CatastrophesClimate ChangeInsuranceReinsurance

Landmark federal investments for disaster-proofing communities, enhancing resilience: IBC

March 23, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s strong support for the federal government’s move to beef up investments aimed at enhancing resilience by better disaster-proofing communities. As part of the 2017 Federal Budget tabled Wednesday,