Topic
Markets / Coverages
B.C. unveils Climate Leadership Plan, plans to reduce GHGs by up to 25 million tonnes by 2050
August 22, 2016 by Canadian UnderwriterThe government of British Columbia unveiled its Climate Leadership Plan on Friday, which it says will lead to the creation of up to 66,000 jobs over the next ten years and reduce net annual greenhouse gas emissions (GHGs) by up…
Self-driving cars go public; Uber offers rides in Pittsburgh
August 19, 2016 Justin Pritchard and Tom Krisher - THE ASSOCIATED PRESSSAN FRANCISCO – The option to hail a ride in a self-driving car, which was science fiction just a few years ago, will soon be available to Uber users in Pittsburgh, the first time the technology has been offered to…
Drop in traditional malware and rise in mobile malware, but vigilance still key: U.S. research
August 19, 2016 by Canadian UnderwriterThe number of active malware families attacking business networks fell by 5% in July – representing the first such decrease in four months – while mobile variants rose, notes new threat research from Check Point Software Technologies Ltd. Check Point…
A.M. Best releases methodology publication on insurance-linked securities
August 18, 2016 by Canadian UnderwriterOldwick, N.J.-based ratings firm A.M. Best Company has announced the publication of its new Best’s Insurance-Linked Securities & Structures Methodology (BILSM). The publication follows a public comment period that began on May 16 and closed on June 16, A.M. Best…
Only about 4% of Lloyd’s total business considered at risk from Brexit: Aon Benfield
August 18, 2016 by Canadian UnderwriterOnly about 4% of Lloyd’s total business is considered to be at risk from the potential loss of membership of the single European market, following the United Kingdom’s decision to leave the European Union (EU) in June, according to Aon…
Fed minutes: Conditions could ‘soon warrant’ a rate hike
August 17, 2016 Martin Crutsinger - THE ASSOCIATED PRESSWASHINGTON – Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates. The minutes…
Canada’s police chiefs want new law that would compel people to reveal passwords
August 16, 2016 Jim Bronskill - THE CANADIAN PRESSOTTAWA – Canada’s police chiefs want a new law that would force people to hand over their electronic passwords with a judge’s consent. The Canadian Association of Chiefs of Police has passed a resolution calling for the legal measure to…
Global drone market to reach US$4.2 billion by 2025, North America to lead with 1.4 million drones: report
August 15, 2016 by Canadian UnderwriterThe global commercial and military drone market will reach US$4.2 billion by 2025, with a compound annual growth rate of 9.2%, a new report has suggested. Research and Markets, a global market research store, released their 90-page Commercial and Military…
Spread of Zika virus brings new risks to U.S. carriers, insureds
August 15, 2016 by Canadian UnderwriterHealth insurers in the United States are advised to be vigilant in developing pandemic preparedness plans to respond to the new health risks associated with the Zika virus, notes a special report issued Friday by A.M. Best. With arrival of…
Global spending on 3D printing expected to surpass US$35 billion in 2020: International Data Corporation
August 12, 2016 by Canadian UnderwriterGlobal revenues for the 3D printing market are expected to reach US$35.4 billion in 2020, over twice the US$15.9 billion forecast for this year, according to a recent update to International Data Corporation’s (IDC) Worldwide Semiannual 3D Printing Spending Guide.…
U.S. p&c industry sees favourable rating activity in 2016 H1: A.M. Best
August 12, 2016 by Canadian UnderwriterProperty and casualty insurers in the United States have witnessed favourable rating activity in the first half of 2016 compared to a negative prior-year trend, notes a new special report from A.M. Best. Reversing what was seen in 2015 H1,…
Ontario Municipal Insurance Exchange (OMEX) suspends underwriting operations
August 11, 2016 by Canadian UnderwriterThe Ontario Municipal Insurance Exchange (OMEX) announced on Thursday that it will suspend Reciprocal underwriting operations effective immediately “to allow it time to fully assess the needs of Ontario municipalities with a view to redesigning its products to better service…