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Standards Council of Canada, Intact Centre on Climate Adaption to study flood resiliency for new residential communities

March 31, 2017 by Canadian Underwriter

The Standards Council of Canada (SCC) and the Intact Centre on Climate Adaptation (Intact Centre) at the University of Waterloo have announced that they are joining forces to develop a new report on best practices for making new residential communities

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesTechnology

Artificial intelligence and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture

March 31, 2017 by Canadian Underwriter

Artificial intelligence (AI) and the Internet of Things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, according to new research from global professional services company Accenture. The research, which includes new analysis of

News InsuranceLegalLegislation / RegulationPersonal Lines

Bill proposing increase in careless driving fines to be tabled soon in Ontario

March 30, 2017 by Canadian Underwriter

A bill proposing a minimum $2,000 fine, under Ontario’s Highway Traffic Act, for careless driving causing death or bodily harm, will be re-introduced in the legislature, a Hamilton-area MPP said Thursday. Bill 213, An Act to amend the Highway Traffic

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Federal, Ontario governments invest in Ford Canada centre focusing on connectivity

March 30, 2017 by Canadian Underwriter

Justin Trudeau has announced a joint federal and Ontario government investment in the Ford Motor Company of Canada, part of which will help establish a new research and engineering centre focusing on connectivity research and development. Prime Minister Justin Trudeau

News InsuranceLegislation / RegulationMarkets / CoveragesPersonal LinesTechnology

Office of the Privacy Commissioner of Canada to fund project on connected cars code of practice

March 30, 2017 by Canadian Underwriter

The Office of the Privacy Commissioner of Canada will soon be funding an arms-length project to develop a code of practice for connected cars, weighing a balance between information flow and privacy protection. “The benefits available to Canadians through the

News Commercial LinesInsuranceMarkets / CoveragesPersonal Lines

Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

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Ford recalls 570K vehicles in North America and Europe for fire risk, door latch trouble

March 29, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Ford is recalling more than 570,000 vehicles in North America and Europe to fix separate problems that can cause engine fires and doors to fly open unexpectedly. The recalls will hit the company’s bottom line in the first

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Toronto city managers authorized to negotiate $10.9-million agreement with ClaimsPro

March 29, 2017 by Canadian Underwriter

Toronto City Council voted Tuesday to authorize staff to enter into a three agreement with ClaimsPro LLP to provide adjusting services to the city. ClaimsPro, owned by SCM Insurance Services Inc., was one of four adjusting firms to respond in

News CatastrophesCommercial LinesInsurancePersonal Lines

Cyclone Debbie barrels into Australia with damaging winds, flooding rain: AIR

March 29, 2017 by Canadian Underwriter

Australia is experiencing its most powerful storm since 2011, as Cyclone Debbie roared ashore in Queensland, Australia as a Category 4 storm shortly after noon on Tuesday. Catastrophe modelling firm AIR Worldwide said that Cyclone Debbie struck Airlie Beach as

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Insurance Brokers Association of Ontario continues ‘to have multiple discussions with Aviva:’ Simpson

March 28, 2017 Greg Meckbach, Associate Editor

Two months after the Insurance Brokers Association of Ontario announced it would no longer invite Aviva Canada Inc. to participate in IBAO’s sponsorship program, the association continues to hold talks with Aviva, IBAO’s chief executive officer said Tuesday. “We continue

News InsuranceMarkets / CoveragesPersonal LinesTechnology

Six in 10 U.S. drivers think self-driving cars will eliminate problem of distracted driving: poll

March 28, 2017 by Canadian Underwriter

Almost six in 10 drivers in the United States think that self-driving cars will eliminate the problem of distracted driving, according to a new poll conducted on behalf of Erie, Penn.-based Erie Insurance. The online survey by Harris Poll, released

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Chubb to provide complimentary identity management services to Canadian personal lines customers

March 28, 2017 by Canadian Underwriter

Chubb has announced a partnership with identity management and data theft service experts CyberScout to offer a fully complimentary array of identity management services to all Masterpiece homeowners in Canada. Chubb said in a press release that Cyberscout services provide