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Intact’s commercial ridesharing insurance policy gets green light in Ontario

July 8, 2016 by Canadian Underwriter

The Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to

News InsuranceLegalMergers and AqcuisitionsTechnology

Need for cultural shift to improve cyber security awareness: Wombat Security

July 7, 2016 by Canadian Underwriter

It is disheartening to see how the end-user is being managed when it comes to combating cyber security threats, suggests Amy Baker, vice president of marketing for Wombat Security Technologies, Inc. “Insider threats are widely discussed and well-recognized, so it

News InsuranceLegalMergers and AqcuisitionsTechnology

Aon supports Alberta’s move to give the green light to ridesharing insurance

July 6, 2016 by Canadian Underwriter

Aon Risk Solutions is offering tailor-made personal line insurance policies that recognize ridesharing to the hundreds of Uber drivers who require coverage in Alberta. There are no restrictions related to driver age, years licensed or the amount of weekly ridesharing

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Just 47% of corporations have cyber security strategy to combat employee blackmail, bribes to gain access to corporate information: report

July 5, 2016 by Canadian Underwriter

The lion’s share of surveyed IT decision-makers at large multinational corporations may be aware that employees are being employed to gain access to information, but about half of respondents do not have a cyber security strategy to prevent such behaviour.

Angela Stelmakowich, Editor
Feature Mergers and AqcuisitionsTechnology

Business of Security

July 3, 2016 Angela Stelmakowich, Editor

Cyber crime is a major disruption to business, with Deloitte Canada reporting only one in five respondents say they are prepared to effectively respond to a cyber attack.

News InsuranceLegislation / RegulationTechnology

Aviva Canada, Pembridge Insurance offer personal coverage for ridesharing drivers in Alberta

July 2, 2016 by Canadian Underwriter

Aviva Canada and Pembridge Insurance have become the latest insurance companies to offer personal coverage for ridesharing drivers in Alberta. On Tuesday, the government of Alberta announced a new insurance policy for transportation network companies (TNCs) licensed in the province.

News InsuranceMergers and AqcuisitionsTechnology

Tesla driver killed in crash while using car’s ‘Autopilot’

July 1, 2016 By Joan Lowy and Tom Krisher - THE ASSOCIATED PRESS

WASHINGTON – The U.S. announced Thursday the first fatality in a wreck involving a car in self-driving mode, the 40-year-old owner of a technology company who nicknamed his vehicle “Tessy” and had praised its sophisticated “Autopilot” system just one month

News Climate ChangeInsuranceMergers and AqcuisitionsTechnology

Flood Risk Canada launches digital platform to help make flood zone determinations

June 30, 2016 by Canadian Underwriter

Flood Risk Canada, Inc. Wednesday announced the availability of a new digital platform that seeks to provide accurate and fast flood zone determinations for the properties in Canada. The launch of www.floodzone.ca is meant to help meet the need for

News InsuranceProfessional DevelopmentTechnology

Executives want insurance decision-making to be faster: PwC report

June 29, 2016 by Canadian Underwriter

Executives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,

News InsuranceLegalMergers and AqcuisitionsTechnology

Malware an increasingly efficient, effective way to perpetrate data breaches

June 28, 2016 by Angela Stelmakowich

Everything is going automatic – and those looking to perpetrate data breaches with malware are no different – emphasizing the need for individuals and organizations to be better prepared to keep the cyber door closed to potential threats. With the

News InsuranceLegalMergers and AqcuisitionsTechnology

Volkswagen reaches US$15 billion settlement agreement related to emissions scandal

June 28, 2016 by Canadian Underwriter

Volkswagen AG announced on Tuesday that it has reached settlement agreements with various United States government agencies, private plantiffs and 44 states regarding the emissions scandal, agreements totalling more than US$14 billion. The so-called emission scandal erupted last September when

News InsuranceLegalMergers and AqcuisitionsProfessional DevelopmentTechnology

Insider corporate data theft and malware infections among biggest threats to digital businesses in 2016: Accenture and HfS Research study

June 27, 2016 by Canadian Underwriter

Insider data theft and malware attacks top the list of the most significant concerns for global enterprise security executives, according to a new report from Accenture and HfS Research. The survey, titled The State of Cybersecurity and Digital Trust 2016,