Topic
Markets / Coverages
RMS updates North America quake models for U.S., Canada and Mexico
June 9, 2017 by Canadian UnderwriterRMS’s latest North America earthquake models – covering the United States, Canada, and Mexico – are designed to help company clients manage their risk accumulations with more confidence and help with underwriting a better book of business. Version 17.0 benefits…
Canadian defence plan calls for cyber and drone attacks to meet 21st century threats
June 8, 2017 Mike Blanchfield - THE CANADIAN PRESSOTTAWA – Canada will add hundreds of new elite special forces commandos, wage offensive cyberwarfare attacks and deploy armed drones to international battlefields as part of its military response to new global security threats. The hotly anticipated new defence policy…
XL Catlin launches new contractors pollution liability program in Canada and the U.S.
June 8, 2017 by Canadian UnderwriterXL Catlin announced on Thursday that it has launched its new Contractors Pollution Liability Express Program in Canada and the United States to provide consumers with “speed to market and a streamlined environmental insurance underwriting approach” for small to midsize…
May storms in Ontario, Quebec and the Maritimes caused hundreds of millions in damage and damaged more than 5,200 homes: Aon Benfield
June 8, 2017 by Canadian UnderwriterSeveral low pressure systems that brought heavy rainfall to portions of Ontario, Quebec and the Maritimes last month caused “hundreds of millions” in U.S. dollars and damaged more than 5,200 homes, according to Impact Forecasting’s latest Global Catastrophe Recap for…
Southern Alberta town ravaged by 2013 flood sees development as promising sign
June 8, 2017 The Canadian PressHIGH RIVER, Alta. – A new housing and retail development in High River, Alta., is being hailed as proof of renewed confidence in the town’s ability to handle another flood event. Massive floods that raged through southern Alberta in the…
Global Internet of Things market expected to grow to US$561 billion by 2022: report
June 8, 2017 by Canadian UnderwriterThe global market for the Internet of Things (IoT) is expected to grow from US$170.57 billion in 2017 to US$561.04 billion by 2022, according to a new market research report published this week by MarketsandMarkets. The market research firm said…
Auditor calls for better pipeline regulations, monitoring in Saskatchewan
June 7, 2017 Jennifer Graham - THE CANADIAN PRESSREGINA – Saskatchewan’s provincial auditor says the government isn’t doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have…
Generali Global Assistance launches identity protection platform in Canada
June 7, 2017 by Canadian UnderwriterGenerali Global Assistance (GGA), part of the Generali Group, announced on Tuesday that its proprietary identity protection platform is now available for the Canadian marketplace. The offering provides an integrated approach to the four pillars of identity protection: prevention, monitoring,…
Wildfire Grading Index launched following losses in Kelowna, Slave Lake and Fort McMurray
June 7, 2017 by Canadian UnderwriterFire Underwriters Survey (FUS), a division of Opta Information Intelligence, has developed a new model for insurers to better understand the risk of wildfire-related losses. The model was developed after FUS studied the wildfire losses in Kelowna, Slave Lake and…
U.S. consumers embracing connected cars and usage-based auto insurance: Willis Towers Watson survey
June 7, 2017 by Canadian UnderwriterMore than half (55%) of drivers in the United States who participated in a usage-based insurance (UBI) survey from Willis Towers Watson (WTW) have reported that they are “likely to buy a new or pre-owned vehicle equipped with new technology…
Unlicensed operators responsible for more near misses involving drones: study
June 6, 2017 Bill Graveland - THE CANADIAN PRESSCALGARY – A new study says there are more drones in the air than piloted aircraft and the numbers of close calls between the two continue to rise. The University of Calgary study, published online in the Journal of Unmanned…
73% of U.S. businesses believe their organizations are highly protected from cyber threats, but “low cyber IQ” remains: Willis Towers Watson
June 6, 2017 by Canadian UnderwriterNearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a…