Canadian Underwriter

Keyword
Commercial Risk Management


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Companies lack adequate data privacy, consent tools for evolving regulations and dynamic digital economy: global survey

March 21, 2016 by Canadian Underwriter

Almost all IT professionals taking part in a recent global survey agreed customer data privacy concerns are a critical issue at the C-level, but fewer than one in 10 of respondents believe that current privacy and consent methods are adequate.

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Red River ‘expected to remain within its banks’ but snowmelt flooding closes Selkirk Park

March 18, 2016 by Canadian Underwriter

There could be localized overland flooding in the western region of Manitoba, while the Red River is expected to peak in Winnipeg March 20 to 22, the Province of Manitoba stated Thursday in a release. “The Red River is expected

News InsuranceMergers and Aqcuisitions

Google proposes U.S. regulatory framework for self-driving cars

March 18, 2016 Justin Pritchard - THE ASSOCIATED PRESS

LOS ANGELES — Google Inc. wants the United States Congress to create new powers for the American government that would let Google receive special, expedited permission to bring to market a self-driving car that has no steering wheel or pedals.

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U.S. Homeland Security department to share cyber threat data

March 18, 2016 Tami Abdollah - THE ASSOCIATED PRESS

WASHINGTON, D.C. — The United States Homeland Security Department on Thursday formally began sharing details of new digital threats with private business and other government agencies, a culmination of a longtime effort to improve cybersecurity. “This is the ‘if you

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Joint effort seeks to help reduce anchor losses, related damage

March 18, 2016 by Canadian Underwriter

A new investigation suggests many anchor losses are avoidable and shed light on a potentially bigger issue: the need for crews to be aware of the environmental loads for which equipment is designed. A rising number of anchor losses reported

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Global insurer M&A transaction values reach US$195 billion in 2015

March 18, 2016 by Canadian Underwriter

The aggregate value of global insurance transactions in the property-casualty, life and health sectors last year was four times higher than in 2014, reaching US$195 billion, notes a study released this week by Conning, Inc. “M&A activity in 2015 was

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Gas pipeline explosions bring new U.S. safety proposal

March 17, 2016 Matthew Brown - THE ASSOCIATED PRESS

BILLINGS, Mont. — U.S. officials moved Thursday to strengthen safety rules for the nation’s 300,000-mile network of natural gas transmission pipelines in response to numerous fiery accidents, including a 2010 California explosion that killed eight people and injured more than

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Transport Canada touts new flammable liquid emergency response training tool

March 17, 2016 by Canadian Underwriter

The federal government announced Thursday that Transport Minister Marc Garneau has endorsed an online awareness tool for handling flammable liquid emergencies. The tool was developed by Enform, a group of six oil and gas industry associations. That tool “helps first

News InsuranceMergers and Aqcuisitions

Smart home technology can be used to reduce potential claims from inclement weather, other risks: Allstate Canada

March 17, 2016 by Canadian Underwriter

Smart home technology can serve as a prevention tool for homeowners looking to reduce potential damage related to exposure to the elements, with Allstate Canada reporting Thursday a company review of home claims reveals almost one in four are related

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Rising demand for cyber insurance creates opportunity for insurers worldwide: IDC Financial Insights

March 17, 2016 by Canadian Underwriter

Tremendous opportunities exist for insurers around the world to capitalize on the largely untapped cyber insurance market, a move that could help them balance their risk portfolios and maintain a positive outlook, suggests a report released this week by IDC

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Calgary mayor says he is on hook for $100,000 in costs over defamation lawsuit

March 16, 2016 THE CANADIAN PRESS

CALGARY — A lawsuit filed by a local builder against Calgary mayor Naheed Nenshi was dropped but the process has resulted in Nenshi facing legal fees nearing the six-figure mark. Nenshi says the defamation lawsuit lasted nearly two years and

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Second-busiest U.S. subway system shut down an entire day

March 16, 2016 Ben Nuckols And Jessica Gresko - THE ASSOCIATED PRESS

WASHINGTON, D.C. — Facing an unprecedented daylong shutdown of the Metro subway system serving Washington, D.C. and its suburbs, hundreds of thousands of commuters in United States capital were forced to turn to Plan B on Wednesday. While some took