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Possible melted fuel seen for first time at Fukushima plant

July 24, 2017 by Mari Yamaguchi - THE ASSOCIATED PRESS

TOKYO – An underwater robot captured images of solidified lava-like rocks Friday inside a damaged reactor at Japan’s crippled Fukushima nuclear plant, spotting for the first time what is believed to be nuclear fuel that melted six years ago. Plant

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88 tickets issued to new Saskatchewan drivers, motorcyclists in June: SGI

July 24, 2017 by Canadian Underwriter

Law enforcement officers across Saskatchewan issued 88 tickets to new drivers and motorcyclists who weren’t following the requirements outlined on their licences, Saskatchewan Government Insurance (SGI) reported on Monday. The results from last month’s traffic safety spotlight on new drivers

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Allstate estimates June catastrophe losses at US$335 million

July 24, 2017 by Canadian Underwriter

The Allstate Corp. announced July 20 it estimates its catastrophe losses for the three months ending June 30 will be $993 million, pre-tax, of which $310 million is from 17 events in June alone. Northbrook, Ill.-based Allstate reported in August,

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U.S. data breaches increased at record pace during first half of 2017

July 24, 2017 by Canadian Underwriter

The number of data breaches in the United States tracked through June 30 hit a half-year record high of 791, according to recent numbers release by the Identity Theft Resource Center (ITRC) and CyberScout, a provider of identity protection solutions.

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Lyft forms own autonomous vehicle unit, will open network

July 24, 2017 by The Associated Press

DETROIT – Lyft said Friday that it is setting up its own unit to develop autonomous vehicle technology, but its approach will be different from other companies and partnerships working on self-driving cars. The San Francisco-based ride-hailing service said it

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Platform provider revenues for sharing economy forecast to double in 2022: Juniper Research

July 24, 2017 by Canadian Underwriter

The move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based

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Death rate on Canadian fishing vessels a ‘disturbing statistic,’ warns Transportation Safety Board

July 21, 2017 by Canadian Underwriter

The number of aviation accidents reported to the Transportation Safety Board of Canada during the year ending March 31 was nearly 20% lower than the 10-year average, but still “not enough has been done” to reduce the risk of collisions

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Flood coverage applied to more than three in four eligible SGI home insurance policies

July 21, 2017 by Canadian Underwriter

Saskatchewan Government Insurance reported Thursday a consolidated loss ratio of 60.4% for the year ending March 31, 2017, while 77% of all eligible homeowner policies have optional water protection coverage introduced last year. SGI Canada – the trade name of

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More than 200 Canadian military members to help police deal with B.C. wildfires

July 21, 2017 by THE CANADIAN PRESS

KAMLOOPS, B.C. – Hundreds of Canadian Armed Forces members will support the police response to devastating wildfires in British Columbia, bringing some relief to scores of exhausted officers on the ground. About 225 soldiers travelled on Thursday from CFB Edmonton

News Catastrophes

Quake damages buildings on Greek island; 2 killed, 120 hurt

July 21, 2017 by THE ASSOCIATED PRESS

KOS, Greece – A powerful earthquake shook the Greek island of Kos early Friday morning, damaging several buildings and the main port, killing at least two people and causing more than 120 injuries, authorities said. The 6.5-magnitude quake rattled Turkey’s

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Catastrophe losses contribute to decrease in 2017 Q2 net income for Travelers

July 21, 2017 by Canadian Underwriter

Solid net investment income was not enough to offset higher catastrophe losses and lower underlying underwriting gains, contributing to the Travelers Companies, Inc. witnessing lower net income for 2017 Q2 compared to 2016 Q2. Net income was US$595 million for

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Cyber work diagnostic tool to help foster a cyber-savvy workforce by making people the focus: Willis Towers Watson

July 21, 2017 by Canadian Underwriter

Willis Towers Watson (WTW) has launched a new cyber work diagnostic tool designed to help bolster organizational readiness by focusing on talent management, emerging skills and roles, and defining the requirements of cyber work. The idea is to combat an