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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?,

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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

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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The Government of Manitoba has announced proposed legislation that would reduce outdated, contradictory, complicated or ineffective regulatory requirements imposed on businesses, industry and local governments, provincial Finance Minister Cameron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

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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 by 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

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Israeli tech firms revving up engines for self driving cars

March 17, 2017 by Josef Federman - THE ASSOCIATED PRESS

JERUSALEM – As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future. The country has emerged as a global leader in the fast-growing field of driverless cars, as illustrated

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Bill proposing nation-wide regulation of electronic cigarettes referred to Senate committee

March 17, 2017 by Canadian Underwriter

A committee of Canada’s Senate plans to study proposed legislation that, if passed into law, would regulate electronic cigarettes under the federal Tobacco Act. Currently, “all regulation of e-cigarettes takes place at the provincial or municipal level,” Quebec Conservative Senator

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Japanese court holds government, electrical utility liable for safety failures in 2011 tsunami

March 17, 2017 by Mari Yamaguchi - THE ASSOCIATED PRESS

TOKYO – A court Friday held Japan’s government and a utility liable for neglecting tsunami safety measures at the Fukushima nuclear plant and ordered them to pay more money to dozens out of the thousands of people who fled radiation