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Markets / Coverages
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 –…
Amendment to Ontario’s Forest Fires Prevention Act takes aim at railway liability
May 26, 2017 by Canadian UnderwriterA recent amendment to Ontario’s Forest Fires Prevention Act now stipulates that railway corporations are liable for damages related to fires originating within 15 metres of the centre line of their tracks, while members of the Ontario Securities Commission are…
Need for more collaboration between municipalities one lesson learned from Fort McMurray wildfire, CIFF conference hears
May 26, 2017 Jason Contant, Online EditorThe need for more collaboration between various municipalities and the consequences of poor land use policies were just two lessons learned from the Fort McMurray wildfire, a speaker said on Wednesday at the Canadian Insurance Financial Forum (CIFF). Michael Brisebois,…
Canadians want more regulatory review of emerging technologies: Accenture
May 25, 2017 by Canadian UnderwriterCanadians prioritize regulatory reviews of drones, autonomous vehicles and online user agreements above those of other emerging technologies, according to new research from global professional services company Accenture. For the research, an Ipsos I-Say panel interviewed a sample of 1,003…
Toyota Research Institute exploring blockchain for possible use in autonomous driving technology
May 23, 2017 by Canadian UnderwriterThe Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with…
Canadian companies lag in cybersecurity investments, survey finds
May 23, 2017 by Canadian UnderwriterMore than three-quarters (76%) of surveyed Canadian executives believe that the number of data breach attempts on their firms will be higher in a year, yet fewer than half said that their organization’s investments in cybersecurity will increase in that…
Ontario government ‘taking lessons learned’ from Fukushima nuclear disaster: Lalonde
May 23, 2017 by Canadian UnderwriterOntario’s community safety and correctional services minister is calling on “everyone interested” to comment on proposed changes to the Provincial Nuclear Emergency Response Plan. The province is home to the world’s largest nuclear operating facility, Bruce Power reports on its…
DDoS attacks grew shorter, more complex and persistent in Q1 2017, new report suggests
May 23, 2017 by Canadian UnderwriterDistributed denial of service (DDoS) attacks in the first quarter of 2017 were growing shorter, more complex and persistent, according to a new report released on Monday. Redwood Shores, Calif.-based Imperva released on Monday its 2017 Q1 Global DDoS Threat…
“Slow but steady” trend in take-up rates among U.S. cyber insurance clients: Council of Insurance Agents & Brokers
May 19, 2017 by Canadian UnderwriterThere is a “slow but steady” trend in take-up rates among cyber insurance clients and prices continue to stabilize, according to a recent survey from the Council of Insurance Agents & Brokers (CIAB) in Washington, DC. When it comes to…
Nuclear energy producers, alcohol manufacturers excluded from new AIG mutual fund
May 19, 2017 by Canadian UnderwriterInvestors wanting to keep their money out of nuclear energy, the arms industry or alcohol manufacturers are being targetted by American International Group Inc., which announced Thursday it is marketing a new dividend mutual fund. New York City-based AIG announced…
Hurricanes and typhoons could be monitored from hundreds of miles away, possibly leading to better forecasts: study
May 19, 2017 by Canadian UnderwriterHurricanes and typhoons could be monitored from hundreds of miles away with relatively inexpensive instruments like barometers and anemometers, much like earthquakes are monitored by seismometers, a new study has found. The study, titled Spiral Gravity Waves Radiating from Tropical…
Autonomous vehicles will shrink U.S. auto OEM collision repair revenue by 48% by 2030: KPMG
May 18, 2017 by Canadian UnderwriterOriginal equipment manufacturers (OEMs) in the United States will see a 48% dent in their lucrative collision parts business as a result of self-driving cars, a new report from audit, tax and advisory firm KPMG. The report Will autonomous vehicles…