Topic
Markets / Coverages
Damages claim against provincial energy board a ‘dramatic jurisprudential development:’ Judge
January 18, 2017 by Canadian UnderwriterA recent Supreme Court of Canada decision leaves “open the possibility that members of a quasi-judicial regulatory board could be sued for damages” by someone accusing that board of violating their constitutional rights, a constitutional law professor told Canadian Underwriter…
Global consumers skeptical about safety of fully autonomous vehicles: Deloitte study
January 18, 2017 by Canadian UnderwriterConsumers around the world remain skeptical about the safety of fully autonomous vehicles and hold widely divergent views on who they trust to bring autonomous vehicles to market, according to a new study from Deloitte. The study, What’s ahead for…
Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court
January 17, 2017 by Canadian UnderwriterA Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors’ and officers’ liability insurance policies to shareholders who are suing the…
Global economy to post best performance in three years, Canadian growth to accelerate over next two years: Scotiabank
January 17, 2017 by Canadian UnderwriterThe global economy is projected to post its best performance this year since 2014, while growth in Canada in expected to accelerate over the next two years, according to Scotiabank’s Global Outlook, published on Tuesday. While geopolitical risks abound, recent…
Economic losses from nat cat events in 2016 total US$210 billion, the highest loss amount in four years: Aon Benfield
January 17, 2017 by Canadian UnderwriterThree hundred and fifteen natural catastrophe events in 2016 generated economic losses of US$210 billion, the highest loss amount in four years and 21% above the 16-average of US$174 billion, according to Aon Benfield’s 2016 Annual Global Climate and Catastrophe…
Record number of M&A deals closed in last two weeks of 2016: Willis Towers Watson
January 16, 2017 by Canadian UnderwriterA record number of merger and acquisition deals – 72 – were closed in the last two weeks of 2016, compared to just 48 deals for the same period in 2015, according to Willis Towers Watson’s (WTW) latest Quarterly Deal…
Worldwide IT spending forecast to grow 2.7% in 2017: Gartner
January 13, 2017 by Canadian UnderwriterWorldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth…
Canada’s energy, utilities sectors should beef up climate change competency: report
January 13, 2017 by Canadian UnderwriterCompanies in Canada’s most carbon-intensive sectors are not demonstrating “climate competency” in the boardroom and should be doing so to address climate change issues, suggests a report this week by Shareholder Association for Research & Education (SHARE). “Investors are increasingly…
Worldwide spending on 3D printing to reach US$29 billion in 2020: International Data Corporation
January 12, 2017 by Canadian UnderwriterWorldwide purchases of 3D printers, materials, software, and related services are expected to experience a five-year compound annual growth rate (CAGR) of 22.3%, with revenues reaching US$28.9 billion in 2020, according to the International Data Corporation (IDC). Earlier this week,…
Emerging technologies still discussed more than deployed by U.S. insurers, but balance is shifting: Novarica
January 12, 2017 by Canadian UnderwriterWhile “hot” topic areas like social media, mobile, analytics, big data, cloud, digital and Internet of Things (IoT) are still discussed more than they are deployed in most cases in the insurance industry in the United States, the balance is…
Portland, parts of Washington buried by massive snowstorm
January 12, 2017 Steven Dubois - THE ASSOCIATED PRESSPORTLAND, Ore. – A major snowstorm spread Wednesday through Portland and parts of Washington state – toppling trees, closing schools and cutting power to thousands in the heaviest snowfall for the city since at least 2008. Some Portland neighbourhoods got…
Canada becoming less attractive option for investors: Cook
January 11, 2017 by Angela StelmakowichAnticipated less-than-stellar financial results for Canada’s property and casualty industry in 2016 will likely contribute to the market becoming less attractive to investors and absent significant improvement, it is unlikely the current level of capital will remain in the country,…