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Legislation / Regulation


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FAA forecast: 600,000 commercial drones within the year

August 29, 2016 Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – There will be 600,000 commercial drone aircraft operating in the U.S. within the year as the result of new safety rules that opened the skies to them on Monday, according to a Federal Aviation Administration estimate. The rules

News CatastrophesInsuranceLegislation / RegulationMarkets / Coverages

Drillers, regulators can lessen earthquakes likely caused by wastewater injection, new research reveals

August 29, 2016 by Canadian Underwriter

Actions taken by drillers and regulators can lessen risk in the case of earthquakes likely caused by the injection of industrial wastewater deep underground, according to new research from the U.S. Geological Survey (USGS) and the University of Colorado. While

Angela Stelmakowich, Editor
Feature InsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Over There, Over Here

August 26, 2016 Angela Stelmakowich, Editor

It would be folly to think that political risk is something that only happens “over there.” The effects over here can be just as damaging. That the number of such incidents may not be as high as has traditionally been

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report

August 22, 2016 by Canadian Underwriter

Surviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random

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Supreme Court of Canada to hear $5.4-million conversion lawsuit against banks arising from plaintiff’s employee’s cheque fraud

August 19, 2016 by Canadian Underwriter

A $5.4-million lawsuit – initially filed against four Canadian banks – arising from fraudulent cheques requisitioned by the plaintiff’s employee, will be heard by the Supreme Court of Canada. Canada’s highest court announced Thursday it granted leave to appeal to

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Ontario government to table home inspector licensing legislation

August 18, 2016 by Canadian Underwriter

Six months after a bill proposing to regulate home inspectors was tabled in the Ontario legislature, the provincial government said Wednesday it plans to “introduce legislation this fall that would, if passed, regulate the province’s home inspection industry.” Bill 165,

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

City of Toronto issues Private Transportation Company licence to Uber

August 17, 2016 by Canadian Underwriter

The City of Toronto announced on Tuesday that it has issued a Private Transportation Company (PTC) licence to Uber, calling it the first of its kind in Canada. Since Toronto City Council gave Uber the green light to operate legally

News AssociationsInsuranceLegalLegislation / RegulationMarkets / CoveragesTechnology

Canada’s police chiefs want new law that would compel people to reveal passwords

August 16, 2016 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Canada’s police chiefs want a new law that would force people to hand over their electronic passwords with a judge’s consent. The Canadian Association of Chiefs of Police has passed a resolution calling for the legal measure to

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Public Safety Canada launches public consultation on cybersecurity landscape

August 16, 2016 by Canadian Underwriter

Public Safety Canada (PSC) has launched a public consultation on the “evolving cybersecurity landscape.” On Tuesday, the federal government launched the Consultation on Cyber Security to help identify gaps and opportunities, bring forward new ideas to shape Canada’s renewed approach

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Ottawa seeks feedback on agriculture policy framework, including risk mitigation

August 11, 2016 by Canadian Underwriter

The federal government is looking for feedback on its “next agricultural policy framework,” which could entail promoting private-sector risk management tools. The first phase of its consultation closed July 31. In the next phase, the government is seeking feedback on

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Global cybersecurity market to grow from US$122.45 billion to US$202.36 billion by 2021: report

August 10, 2016 by Canadian Underwriter

The global cybersecurity market is set to grow from US$122.45 billion in 2016 to US$202.36 billion by 2021 at a compound annual growth rate (CAGR) of 10.6%, according to a recent report from Research and Markets. The Cyber Security Market

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Transportation Safety Board of Canada pushes for more hot air balloon safety regulations

August 10, 2016 by Canadian Underwriter

Nine years after a hot air balloon accident near Winnipeg, the Transportation Safety Board of Canada suggested Monday it “continues to be concerned” that operators are not regulated in the same manner as operators of other commercial aircraft. “Hot air