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Portrait of modern, good looking guy and his girlfirend in the luxury black car driving thru city and travelling in sunset. Woman is looking into camera and holding steering wheel and man is smiling. Image taken in Europe, with two caucasian models, taken with Nikon D800 and pro lens, developed from RAW in XXXL size. Location, Europe, Serbia
News Commercial LinesInsurancePersonal LinesTechnology

LexisNexis Risk Solutions brings advanced analytics to U.S. telematics programs

January 24, 2017 by Canadian Underwriter

LexisNexis Risk Solutions has advanced its proprietary technology for insurance telematics programs in the U.S. to ensure the policyholder and driver are the same, contributing to a true picture of driver behaviour and improving consumer experience. “Up until now, U.S.

Modern laptop on a table with mobile phone on table.
News InsurancePersonal LinesTechnology

New mobile app allows policyholders to self-serve auto, property insurance policies through their mobile devices

January 24, 2017 by Canadian Underwriter

KTX Insurance Brokers Ltd. is looking to respond to consumer demand to interact online with the launch of a new mobile app that allows policyholders to access both advice from licensed brokers and self-serve their insurance policies online. Through the

Cloud computing and server room. Row of computers cabinets aligned in a futuristic data center server room, illuminated by dark blue light at night. Servers are linked by a cloud shaped set of icons with symbols of services, activities and data driving a computer network and cloud computing cyberspace. Internet of Things and technology innovation. No people. Digitally generated image. Blue background.
News InsuranceLegalTechnology

IoT botnets present unmanageable cyber security risk: Juniper Research

January 23, 2017 by Canadian Underwriter

The scale of embedded connectivity could lead to an unmanageable cyber security risk created by botnets, Juniper Research Limited cautioned Monday in releasing data indicating the consumer Internet of Things (IoT) installed base will reach 15 billion-plus units by 2021.

Italy Avalanche
News CatastrophesInsuranceMarkets / Coverages

Joy erupts as Italian rescuers pull out avalanche survivors

January 20, 2017 Paolo Santalucia and Gregorio Borgia - THE ASSOCIATED PRESS

FARINDOLA, Italy – With cheers of joy, rescue crews pulled survivors from the debris of an avalanche-crushed hotel in central Italy on Friday, an incredible discovery that boosted spirits two days after the massive snow slide buried around 30 people

Driving a car in a a city with a traffic jam at night during the rush hour, view from inside the car, proceeding slow in a line with red tail lights. Blurred streets lights on the background. Night dark tones with Instagram style colors.
News AssociationsCommercial LinesInsuranceLegislation / RegulationPersonal LinesTechnology

Rule-making authority essential for Ontario’s new FSRA: Cooke

January 20, 2017 by Angela Stelmakowich

Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of

News CatastrophesInsuranceMarkets / Coverages

Rescuers search for 30 after avalanche hits Italian hotel

January 19, 2017 Colleen Barry, Nicole Winfield and Valentina Onori - THE ASSOCIATED PRESS

PENNE, Italy – Rescue workers reported no signs of life Thursday at a four-star hotel buried by an avalanche in the mountains of earthquake-stricken central Italy. Two bodies were recovered of the estimated 30 people trapped inside as the risk

2017 push button. Concept of new year, two thousand seventeen.
News AssociationsCommercial LinesInsuranceLegislation / RegulationPersonal LinesTechnology

Wider mandate for Ontario’s auto insurance regulator would be welcomed

January 19, 2017 by Angela Stelmakowich

A wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a

California Drought Over Yet
News CatastrophesInsurance

First of three more storms hits California as drought retreats

January 19, 2017 John Antczak - THE ASSOCIATED PRESS

LOS ANGELES – The worst area of drought in California has significantly narrowed to a small region northwest of Los Angeles that has stubbornly failed to benefit from Pacific storms that have drenched much of the state since the fall

Technology concept. 3D render.
News InsuranceTechnology

82% of security operations centres of reviewed organizations vulnerable to cyber attack: HP

January 18, 2017 by Canadian Underwriter

Security operations centres (SOCs) south of the border are falling below target maturity levels, leaving 82% of reviewed organizations vulnerable to cyber security attacks, Hewlett Packard Enterprise (HPE) concludes in a new white paper issued Tuesday. The finding is worrisome

AppleMark
News CatastrophesCommercial LinesInsurancePersonal Lines

Financial impact of Fort McMurray wildfire reaches $9.5 billion: study

January 17, 2017 Bob Weber - THE CANADIAN PRESS

EDMONTON – An assessment of the total financial impact of last spring’s Fort McMurray wildfire is pegging the direct and indirect costs of the blaze at $9.5 billion. The figure includes the expense of replacing buildings and infrastructure as well

Japan Earthquake
News CatastrophesClimate ChangeCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

Economic losses from nat cat events in 2016 total US$210 billion, the highest loss amount in four years: Aon Benfield

January 17, 2017 by Canadian Underwriter

Three hundred and fifteen natural catastrophe events in 2016 generated economic losses of US$210 billion, the highest loss amount in four years and 21% above the 16-average of US$174 billion, according to Aon Benfield’s 2016 Annual Global Climate and Catastrophe

merchant container ship
News Commercial LinesInsuranceLegislation / Regulation

TT Club offers advice on packaging, securing coiled materials in containers

January 17, 2017 by Canadian Underwriter

Specialist freight transport insurer TT Club has issued specific guidance on packing and securing coiled materials in containers in a bid to prevent the costly and potentially injurious consequences of improperly secured coils. Investigations into incidents along the international supply