Canadian Underwriter

News

News InsuranceMarkets / CoveragesTechnology

Uber resumes self-driving car program after brief suspension

March 27, 2017 by The Associated Press

NEW YORK – Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but

News InsuranceLegalLegislation / RegulationPersonal Lines

Supreme Court of Canada bars lawsuits against hospital, police by auto accident victims compensated by SAAQ

March 27, 2017 by Canadian Underwriter

An auto accident victim who is compensated by Quebec’s public automobile insurance plan cannot sue a third party for an “aggravated” or “separate” aspect of the injury, provided there is a “plausible, logical and sufficiently close link” between the accident

News CatastrophesCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Saskatchewan government announces steps to improve pipeline regulations following 2016 Husky spill

March 27, 2017 by Canadian Underwriter

The government of Saskatchewan has announced steps to improve pipeline regulations after the completion of its investigation into last July’s Husky pipeline oil spill. Energy and Resources Minister Dustin Duncan announced last week that the Ministry of the Economy had

News Commercial LinesInsuranceLegalTechnology

Canadians believe businesses working to protect personal information, but cybersecurity concerns linger: fraud survey

March 27, 2017 by Canadian Underwriter

There is a sharp drop in the number of Canadians expressing concern about identity theft this year compared to last year, and Canadian businesses are working to protect personal information of customers, a new survey conducted for the Chartered Professional

News InsuranceLegalMarkets / CoveragesPersonal Lines

Nearly 400 motorists caught for failing to buckle up in Saskatchewan in February: SGI

March 27, 2017 by Canadian Underwriter

Police issued 398 tickets for failing to wear a seatbelt or properly secure children in vehicles during last month’s traffic safety spotlight on occupant safety, Saskatchewan Government Insurance (SGI) reported on Monday. In February, law enforcement across the province were

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Volcanic eruption could cost large cities up to US$30 billion, new Swiss Re model says

March 27, 2017 by Canadian Underwriter

Total economic losses from volcanic eruptions could cost large cities up to US$30 billion, according to a new volcano model from Swiss Re. Calling it the “world’s first global volcano model,” the probabilistic model assesses risk in the case of

News CatastrophesInsuranceMarkets / Coverages

Flood risk remains moderate to major in western Manitoba, eases in Red River Valley: provincial government

March 27, 2017 by Canadian Underwriter

While the risk of overland flooding in Manitoba has been slightly reduced since the provincial government’s outlook in late February, it still remains moderate to major across the province, the provincial infrastructure minister said on Friday. “‎The province’s Hydrologic Forecast

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal LinesReinsurance

Risk management overhaul necessary for cities to become more resilient to catastrophic events: report

March 27, 2017 by Canadian Underwriter

Officials for cities, investors and insurers will increasingly need to “build resilience within and between infrastructure systems as a complementary approach to address infrastructure risk and uncertainty,” argues a new report from Lloyd’s and Arup. “While risk management remains a

News Commercial LinesInsuranceMarkets / CoveragesTechnology

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.

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

News Climate ChangeCommercial LinesConstructionInsuranceMarkets / Coverages

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

March 24, 2017 by 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,