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Supreme Court of Canada could consider whether alcohol consumption is relevant in dangerous driving trials

March 21, 2017 by Canadian Underwriter

Canada’s highest court may consider whether a jury, in deciding whether a person is guilty of the criminal offence of dangerous driving causing death, should consider whether the accused had been drinking alcohol, if the accused was not convicted of

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IBM and SecureKey Technologies to deliver blockchain-based network for Canadian consumers

March 21, 2017 by Canadian Underwriter

IBM and SecureKey Technologies, an identity and authentication provider company, announced on Monday that they are joining forces to “enable a new digital identity and attribute sharing network” based on IBM Blockchain. “The network will be designed to make it

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BHSI launches professional liability, network security and privacy policy in Canada

March 21, 2017 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) has introduced a product designed to address the needs of a variety of enterprises, from systems integrators to telecommunications providers to IT staffing firms. The Professional First Professional Liability and Network Security & Privacy Policy,

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New DGIG water protection program available country-wide

March 21, 2017 by Canadian Underwriter

Desjardins General Insurance Group has announced the cross-country availability of a new home insurance program designed to keep policyholders informed of potential leak sources so that action can be taken and water-related damage prevented. Water damage accounts for more than

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Global private companies seem underprepared for cyberattacks: PwC report

March 20, 2017 by Canadian Underwriter

Global private companies seem to be more at risk of cyber threats, but less prepared to protect themselves against cyberattacks, according to a new report from professional services firm PwC. Released late last week, the report, titled Undaunted, but underprepared?,

News CatastrophesInsuranceMarkets / CoveragesReinsurance

JLT Re expands analytical modelling capability in Canada

March 20, 2017 by Canadian Underwriter

JLT Re, the global provider of reinsurance broking and consultancy and part of Jardine Lloyd Thompson Group plc, announced on Monday that it has combined forces with flood modelling company KatRisk to provide flood risk modelling capabilities to clients “across

News InsuranceLegislation / Regulation

Government of Manitoba announces legislation to reduce red tape imposed on businesses, industry and local governments

March 20, 2017 by Canadian Underwriter

The Government of Manitoba has announced proposed legislation that would reduce outdated, contradictory, complicated or ineffective regulatory requirements imposed on businesses, industry and local governments, provincial Finance Minister Cameron Friesen said last week. Friesen said in a statement that the

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Square One finds it ‘surprising’ how many renters go without home insurance

March 20, 2017 by Canadian Underwriter

A survey indicates that most renters in Alberta, Ontario and British Columbia have home insurance, Square One Insurance Services Inc. suggested Monday. The Vancouver based firm “recently surveyed over 1,500 renters in British Columbia, Alberta and Ontario.” More than a

insPRESS Insurance

CSIO Appoints Tracy Krunic of Intact Insurance to Board of Directors

March 20, 2017 by CSIO (Centre for Study of Insurance Operations)

(Toronto – March 20, 2017) Centre for Study of Insurance Operations (CSIO) Chairman Steve Whitelaw, Vice President, Strategic Planning and Execution at Travelers Canada, is pleased to announce the appointment of a new member to the CSIO Board of Directors.

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1 in 10 Manitoba drivers participating in voluntary roadside surveys last fall tested positive for drugs: Manitoba Public Insurance

March 20, 2017 by Canadian Underwriter

One in 10 Manitoba drivers who participated in voluntary roadside surveys conducted last fall tested positive for drugs, according to the recently released survey findings. Manitoba Crown Services Minister Ron Schuler and Manitoba Public Insurance (MPI) announced the findings of

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Home explodes in DC suburb: ‘It’s just a pile of bricks’

March 20, 2017 The Associated Press

ROCKVILLE, Md. – A house in a Maryland suburb of the nation’s capital was levelled early Friday by a thunderous explosion heard for miles around, a blast so powerful it shattered windows and caused other damage to several neighbouring homes,

News CatastrophesClimate ChangeCommercial LinesInsuranceMarkets / CoveragesReinsurance

Risk to U.S. property from severe convective storms as high as from hurricanes: Willis Re

March 20, 2017 by Canadian Underwriter

Severe convective storms (SCS) posed as much risk to property in the United States as hurricanes between 2003 and 2015, with the average annual loss from SCS amounting to US$11.23 billion compared to US$11.28 billion from hurricanes. So concludes a