Topic
Markets / Coverages
Opposition MPs concerned about lack of a ‘ready, usable, reliable roadside screening device’ for marijuana impairment
May 30, 2017 by Canadian UnderwriterOpposition MPs spoke Monday in favour of a bill that would raise the maximum sentence for impaired driving causing death and let Canadian police test any legally-stopped driver for alcohol impairment but expressed strong concerns about the ruling Liberals’ plan…
XL Catlin opens political risk, credit and bond insurance practice in Canada
May 30, 2017 by Canadian UnderwriterXL Catlin announced on Tuesday that it has opened its first political risk, credit and bond (PRCB) practice in Canada “to address continued demand” and appointed Marvin Azzopardi as senior underwriter. “We are very excited to open our first Canada-dedicated…
Aviva plc reports 9.5% increase in rejected claims due to fraud
May 30, 2017 by Canadian UnderwriterUnited Kingdom insurer Aviva plc has reported a 9.5% increase in the number of fraudulent claims it declined in 2016, “fuelled by increases in fraud detection across motor bodily injury, household and liability claims.” Aviva said in a press release…
Boyd Group Income Fund to acquire collision repair company Assured Automotive for $193.6 million
May 30, 2017 by Canadian UnderwriterBoyd Group Income Fund (BGIF) is looking to cement the Boyd Group’s position as a leading provider of collision repair services in Canada with the announcement it has entered into a definitive agreement to acquire the assets and business of…
TSB reiterates call for ‘more robust tank cars’ on freight trains hauling flammable liquids
May 30, 2017 by Canadian UnderwriterThe Transportation Safety Board of Canada is reiterating its call for railways to ship flammable liquids in “more robust tank cars” after an accident near Edmonton that resulted in the spill of more than 80,000 litres of flammable styrene monomer.…
Chipotle Mexican Grill confirms malware involving point-of-sale devices at certain restaurants
May 29, 2017 by Canadian UnderwriterChipotle Mexican Grill, Inc. has confirmed “the operation of malware designed to access payment card data from cards used on point-of-sale (POS) devices at certain Chipotle and Pizzeria Locale restaurants between March 24, 2017 and April 18, 2017.” Chipotle said…
ICLR to host webinar on effects of hail on vehicles
May 29, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will host a webinar next month on the effects of hail on vehicles. The Hail Impacts on Automobiles: A state-of-the-art-review webinar will be held on June 16 from 10 a.m. to 11:30 a.m.…
Most Airbnb hosts not registered in Quebec, one year after law took effect
May 29, 2017 Aleksandra Sagan - THE CANADIAN PRESSThe majority of Quebecers who list their properties on Airbnb and other home rental websites are not registering with the province, just over a year since it implemented a law regulating them, new data suggests. The province’s Tourism Department says…
Modernization of payment systems long overdue amid rapid changes: Bank of Canada official
May 26, 2017 Andy Blatchford - THE CANADIAN PRESSThe country’s payments infrastructure is long overdue for an update to ensure financial system stability amid the rapid advance of new technologies and the risks that accompany them, a senior Bank of Canada official said Thursday. Deputy bank governor Sylvain…
Above-normal Atlantic hurricane season most likely this year: NOAA
May 26, 2017 by Canadian UnderwriterThe Atlantic could see another above-normal hurricane season this year, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center predicted on Thursday. For the upcoming Atlantic hurricane season, which runs from June 1 through Nov. 30, forecasters predict a…
Government of Canada to develop a national Zero-Emissions Vehicle Strategy by 2018
May 26, 2017 by Canadian UnderwriterThe Government of Canada announced on Friday that it will develop a national Zero-Emissions Vehicle Strategy by 2018. Marc Garneau, the Minister of Transport, and Navdeep Bains, Minister of Innovation, Science and Economic Development, said in a statement from Transport…
Senate bill proposes to allow limited promotion of vaping as ‘tobacco cessation method’
May 26, 2017 by Canadian UnderwriterA bill currently before the Senate will, if passed into law, restrict the promotion of electronic cigarettes. Bill S-5 was the subject of hearings last month before the Standing Senate Committee on Social Affairs, Science and Technology. The bill –…