Topic
Legislation / Regulation
Beazley’s data breach response insurance product now available in Canada
April 1, 2016 by Canadian UnderwriterBeazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on…
Two Canadian financial regulatory agencies sign MOU related to disciplinary actions in Ontario
March 31, 2016 by Canadian UnderwriterThe Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Services Commission of Ontario (FSCO) announced on Wednesday that they have signed an information-sharing agreement that will “provide more effective regulation and strengthen consumer protection in Ontario.” Under the…
GE Capital should lose ‘systemically important financial institution’ designation: General Electric
March 31, 2016 The Associated PressNEW YORK – General Electric Co. asked the U.S. government to drop the “too big to fail” tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under…
Over-regulation of “driverless” vehicles could stifle industry, say advocates
March 30, 2016 Terry Pedwell - THE CANADIAN PRESSKANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread…
Uber launches campaign to gather public support ahead of Ottawa city vote
March 30, 2016 The Canadian PressOTTAWA – Uber Canada is launching a campaign to gain public support as Ottawa city council prepares for a vote on ride-booking services on April 13. The company has been operating in Ottawa since October 2014 and says it wants…
Fracking, not water disposal, behind earthquakes: study
March 29, 2016 Bob Weber - THE CANADIAN PRESSEDMONTON – New research suggests that hydraulic fracking of oil and gas wells is behind earthquakes caused by humans in Western Canada. A study, published Tuesday by a group of top Canadian researchers, says problems in Alberta and British Columbia…
Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best
March 28, 2016 by Canadian UnderwriterConcerns regarding cyber risk, interest rates and the economy remain prominent among insurers, according to the latest quarterly survey from A.M. Best Company. The Best’s Special Report, released on Thursday, included several hundred responses, representing property and casualty (70.4%), life…
Government establishes new safety and security program in Regina
June 19, 2012 by Canadian UnderwriterRegina will serve as home to the new Canadian Safety and Security Program (CSSP), which seeks to strengthen the country’s public safety and national security priorities. The program aims to enhance Canada’s ability to anticipate, prevent, prepare for, respond to…