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Markets / Coverages
Chubb to provide complimentary identity management services to Canadian personal lines customers
March 28, 2017 by Canadian UnderwriterChubb has announced a partnership with identity management and data theft service experts CyberScout to offer a fully complimentary array of identity management services to all Masterpiece homeowners in Canada. Chubb said in a press release that Cyberscout services provide…
The Guarantee launches two new water endorsements
March 28, 2017 by Canadian UnderwriterThe Guarantee Company of North America has announced two water endorsements, which came into effect on Monday for new businesses and on May 23 for renewals. The GUARANTEE GOLD H2O+ and Guarantee SUPERIOR H2O+ endorsements are comprehensive, read-in coverage that…
Uber resumes self-driving car program after brief suspension
March 27, 2017 The Associated PressNEW YORK – Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but…
Saskatchewan government announces steps to improve pipeline regulations following 2016 Husky spill
March 27, 2017 by Canadian UnderwriterThe government of Saskatchewan has announced steps to improve pipeline regulations after the completion of its investigation into last July’s Husky pipeline oil spill. Energy and Resources Minister Dustin Duncan announced last week that the Ministry of the Economy had…
Nearly 400 motorists caught for failing to buckle up in Saskatchewan in February: SGI
March 27, 2017 by Canadian UnderwriterPolice issued 398 tickets for failing to wear a seatbelt or properly secure children in vehicles during last month’s traffic safety spotlight on occupant safety, Saskatchewan Government Insurance (SGI) reported on Monday. In February, law enforcement across the province were…
Volcanic eruption could cost large cities up to US$30 billion, new Swiss Re model says
March 27, 2017 by Canadian UnderwriterTotal economic losses from volcanic eruptions could cost large cities up to US$30 billion, according to a new volcano model from Swiss Re. Calling it the “world’s first global volcano model,” the probabilistic model assesses risk in the case of…
Flood risk remains moderate to major in western Manitoba, eases in Red River Valley: provincial government
March 27, 2017 by Canadian UnderwriterWhile the risk of overland flooding in Manitoba has been slightly reduced since the provincial government’s outlook in late February, it still remains moderate to major across the province, the provincial infrastructure minister said on Friday. “The province’s Hydrologic Forecast…
Toronto Transit Commission probes potential future use of automated vehicles
March 24, 2017 by Canadian UnderwriterThe Toronto Transit Commission (TTC) is recommending to its board that staff continue to monitor the technological and legislative progress of automated vehicles (AVs) and report back with a recommendation for potential future use of AVs at the transit agency.…
TSB reiterates recommendation to require all fishing vessels have anti-exposure worksuits or survival suits
March 24, 2017 by Canadian UnderwriterThe federal agency responsible for investigating boating accidents reiterated this week a warning that many small fishing vessels are permitted to operate in cold waters without anti-exposure worksuits or survival suits. In March, 2016, the Transportation Safety Board of Canada…
TransCanada gets U.S. State Department’s OK for Keystone XL pipeline
March 24, 2017 The Canadian PressCALGARY – TransCanada has been granted a presidential permit from the U.S. State Department that allows it to move forward on building the long-delayed Keystone XL pipeline, the latest turn in fortunes for the controversial project. In granting the permit,…
Organizations considering standalone cyber coverage should evaluate risk profile to see if traditional policies are adequate: RIMS
March 24, 2017 by Canadian UnderwriterOrganizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member…
Spring remains elusive in Atlantic Canada as gusty storm sweeps through
March 23, 2017 The Canadian PressHALIFAX – Spring remained elusive in parts of the Maritimes on Thursday after a storm swept through the region, knocking out power and closing schools. The Canso causeway to Cape Breton was closed in the morning as a winter storm…