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Quebec announces increase in financial assistance for flood victims

May 18, 2017 by Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – The amount of financial assistance available for people dealing specifically with the aftermath of heavy flooding this year has been topped up, the Quebec government announced Wednesday. Premier Philippe Couillard told a news conference the province’s preliminary estimates

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Autonomous vehicles will shrink U.S. auto OEM collision repair revenue by 48% by 2030: KPMG

May 18, 2017 by Canadian Underwriter

Original equipment manufacturers (OEMs) in the United States will see a 48% dent in their lucrative collision parts business as a result of self-driving cars, a new report from audit, tax and advisory firm KPMG. The report Will autonomous vehicles

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Mexican resort can be sued in Alberta by tourist alleged to have accidentally ingested cleaning fluid in hotel room

May 18, 2017 by Canadian Underwriter

A lawsuit against a Mexican vacation resort – arising from a tourist alleged to have accidentally ingested cleaning product stored in a water bottle in a mini bar fridge – can proceed in Alberta, as a result of a ruling

News AssociationsInsuranceProfessional Development

IBAC accepting nominations for 2017 Dale Rempel Award of Excellence

May 18, 2017 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is now accepting nominations for the 2017 Dale Rempel Award of Excellence. The award, named after the IBAC governor, recognizes and celebrates those who are actively involved in the professional development of property

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Global market for usage-based insurance grew by 32% in 2016 to 14 million policies: PTOLEMUS

May 18, 2017 by Canadian Underwriter

The global market for usage-based insurance (UBI) insurance grew by 32% in 2016 to 14 million policies, according to PTOLEMUS Consulting Group’s UBI Quarterly Dashboard, released on Thursday. The dashboard is a 100-page quarterly quantitative and business intelligence report surveying

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Autonomous vehicles will add US$81 billion in new premiums for U.S. auto insurers by 2025: report

May 18, 2017 by Canadian Underwriter

Insurance coverage for autonomous vehicles will bring US$81 billion in new premiums to the auto insurance industry in the United States over the next eight years, according to a new report from Accenture and Stevens Institute of Technology (SIT). The

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Customer choice must be key consideration in next wave of insurTech: expert

May 18, 2017 by Angela Stelmakowich

An insurer’s safest bet for survival as insurTech enters its second wave is to make customer choice a true focal point, providing customers access to answers and services when and how they want, Matteo Carbone, founder and director of the

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Saskatchewan government extends effective data for PST on insurance premiums

May 18, 2017 by Canadian Underwriter

The Government of Saskatchewan announced on Wednesday that it has extended the effective date for the application of provincial sales tax to insurance premiums following discussions with insurance industry associations. The Ministry of Finance said in a press release that

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Storms pummel central U.S., as tornadoes kill at least two

May 17, 2017 by The Associated Press (APR)

ELK CITY, Okla. – Storms whipped through a wide swath of the central U.S., forming tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms

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Biggest risk with mass email theft is phishing, malware distribution, NuData Security says following Bell Canada hack

May 17, 2017 by Canadian Underwriter

The biggest risk with mass email theft is phishing and malware distribution, the vice president of business development with Vancouver-based NuData Security said in a statement on Wednesday, two days after Bell Canada confirmed an “illegal access” of customer information.

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Law allowing blue and amber lights for roadside assistance vehicles now in effect in Saskatchewan

May 17, 2017 by Canadian Underwriter

Roadside assistance vehicles in Saskatchewan can now use blue lights in conjunction with amber lights, Saskatchewan Government Insurance (SGI) announced on Tuesday. The Government of Saskatchewan has proclaimed the Traffic Safety (Tow Trucks) Amendment Act to permit blue lights to

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TSB reiterates call for 300-metre runway end safety areas

May 17, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday a warning that airplane passengers and crew are at risk of injury because not all Code 4 runways at Canadian airports have a 300-metre runway end safety area. TSB – a separate