Canadian Underwriter

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Insurance


News AssociationsInsuranceMarkets / CoveragesTechnology

Customer choice must be key consideration in next wave of insurTech: expert

May 18, 2017 by Angela Stelmakowich

An insurer’s safest bet for survival as insurTech enters its second wave is to make customer choice a true focal point, providing customers access to answers and services when and how they want, Matteo Carbone, founder and director of the

News AppointmentsInsuranceMarkets / CoveragesPersonal Lines

Saskatchewan government extends effective data for PST on insurance premiums

May 18, 2017 by Canadian Underwriter

The Government of Saskatchewan announced on Wednesday that it has extended the effective date for the application of provincial sales tax to insurance premiums following discussions with insurance industry associations. The Ministry of Finance said in a press release that

News CatastrophesCommercial LinesInsurancePersonal Lines

Storms pummel central U.S., as tornadoes kill at least two

May 17, 2017 The Associated Press (APR)

ELK CITY, Okla. – Storms whipped through a wide swath of the central U.S., forming tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms

News Commercial LinesInsuranceMarkets / CoveragesTechnology

Biggest risk with mass email theft is phishing, malware distribution, NuData Security says following Bell Canada hack

May 17, 2017 by Canadian Underwriter

The biggest risk with mass email theft is phishing and malware distribution, the vice president of business development with Vancouver-based NuData Security said in a statement on Wednesday, two days after Bell Canada confirmed an “illegal access” of customer information.

News InsuranceLegislation / RegulationMarkets / Coverages

Law allowing blue and amber lights for roadside assistance vehicles now in effect in Saskatchewan

May 17, 2017 by Canadian Underwriter

Roadside assistance vehicles in Saskatchewan can now use blue lights in conjunction with amber lights, Saskatchewan Government Insurance (SGI) announced on Tuesday. The Government of Saskatchewan has proclaimed the Traffic Safety (Tow Trucks) Amendment Act to permit blue lights to

News InsuranceMarkets / CoveragesTechnology

TSB reiterates call for 300-metre runway end safety areas

May 17, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday a warning that airplane passengers and crew are at risk of injury because not all Code 4 runways at Canadian airports have a 300-metre runway end safety area. TSB – a separate

News CatastrophesInsurancePersonal Lines

Residents airlifted out as rising Churchill River threatens Labrador town

May 17, 2017 The Canadian Press

HAPPY VALLEY-GOOSE BAY, N.L. – Police in Labrador say residents of a small community surrounded by water are being evacuated as an ice jam causes a river to swell and flood the area. RCMP Cpl. Rick Mills says the air

News Commercial LinesInsuranceMarkets / CoveragesTechnology

Many global Internet users unprepared for dealing with ransomware attack, study finds

May 17, 2017 by Canadian Underwriter

As institutions around the world continue to assess the full impact of the recent Wannacry ransomware attack, recent research from Ipsos and the Centre for International Governance Innovation (CIGI) suggests that many global Internet users are “distinctly unprepared” for how

News Commercial LinesInsuranceMarkets / CoveragesProductsProfessional DevelopmentTechnology

About half of Canadian small business owners and C-suite execs not confident in secure destruction systems for paper or electronic media: survey

May 17, 2017 by Canadian Underwriter

Just over half (53%) of Canadian small business owners (SBOs) and just under half (48%) of C-suite executives don’t feel confident about their current secure destruction systems for paper or electronic media, according to the seventh annual Shred-it Information Security

News Commercial LinesInsuranceMarkets / CoveragesMergers and AcquisitionsProfessional Development

Global uptick in CEOs forced out of office for ethical lapses, Canada among lowest incidence of dismissals: Strategy&

May 17, 2017 by Canadian Underwriter

An analysis of CEO successions at the world’s largest 2,500 public companies over the past 10 years shows a marked increase in forced turnovers for ethical lapses, although Canada is among the countries with the lowest incidence of such dismissals.

News Commercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Mandatory locomotive recorder bill ‘addresses a key safety issue,’ says Transportation Safety Board

May 16, 2017 by Canadian Underwriter

Amendments to the federal Railway Safety Act mandating recording devices, if passed into law, could provide “essential information” to Transportation Safety Board of Canada staff investigating rail accidents and could help prevent such accidents in the future, TSB suggested Tuesday.

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesTechnology

WannaCry ransomware attack “arguably the first ever cyber-catastrophe”: RMS cyber expert

May 16, 2017 by Canadian Underwriter

The global WannaCry ransomware attack is “arguably the first ever cyber-catastrophe,” an expert in cyber risk management from RMS said on Tuesday. Tom Harvey said in a statement that the cyberattack “clearly demonstrates the systemic nature of the risk, with