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Drop in traditional malware and rise in mobile malware, but vigilance still key: U.S. research

August 19, 2016 by Canadian Underwriter

The 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

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Transportation Safety Board warns against ‘single layer of defence’ in managing aviation risk

August 18, 2016 by Canadian Underwriter

Some aviation firms “are not effectively managing their safety risks,” the Transportation Safety Board of Canada warned Wednesday as it released a report into an incident near Montreal that injured a pilot and three passengers in a Beechcraft King Air

News InsuranceMergers and AqcuisitionsTechnology

Volvo Cars and Uber join forces to develop autonomous driving cars

August 18, 2016 by Canadian Underwriter

Swedish luxury premium car maker Volvo Cars and ridesharing company Uber have announced that they are joining forces to develop “next generation autonomous driving cars.” The two companies have signed an agreement to establish a joint project that will develop

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Facial recognition set to go live in Saskatchewan in late August

August 18, 2016 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) will have in place facial recognition software when issuing driver licences and photo identification cards come Aug. 24, a move the insurer maintains will help combat fraud and bolster road safety. Customers will not notice anything

News InsuranceMergers and AqcuisitionsTechnology

Better collision warning systems needed at Canadian airports: Transportation Safety Board

August 17, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated this week its call for better procedures and warning systems to reduce the risk of collisions between airplanes and vehicles on the ground at airports. There is more than one runway incursion every

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsuranceTechnology

AIG reaches agreement to sell United Guaranty Corporation to Arch Capital for US$3.4 billion

August 17, 2016 by Canadian Underwriter

American International Group, Inc. has entered into an agreement to sell its 100% interest in United Guaranty Corporation (UGC) to Arch Capital Group Ltd. for US$3.4 billion, a move in line with AIG’s continuing efforts to streamline operations and better

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Ford plans to have fully autonomous commercial vehicle in ridesharing capacity by 2021

August 17, 2016 by Canadian Underwriter

Ford Motor Company has announced that it intends to have a “high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.” To get there, the Dearborn, Mich.-based company said in a statement

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

City of Toronto issues Private Transportation Company licence to Uber

August 17, 2016 by Canadian Underwriter

The City of Toronto announced on Tuesday that it has issued a Private Transportation Company (PTC) licence to Uber, calling it the first of its kind in Canada. Since Toronto City Council gave Uber the green light to operate legally

News AssociationsInsuranceLegalLegislation / RegulationMarkets / CoveragesTechnology

Canada’s police chiefs want new law that would compel people to reveal passwords

August 16, 2016 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – 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

News Technology

Business intelligence data analytics users in U.S. say structured data tops unstructured data: Clutch

August 16, 2016 by Canadian Underwriter

The lion’s share of business intelligence (BI) data analytics users in the United States taking part in a recent Clutch survey regard structured data like internal information as more important than unstructured data, such as social networks. In all, 83%

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Public Safety Canada launches public consultation on cybersecurity landscape

August 16, 2016 by Canadian Underwriter

Public Safety Canada (PSC) has launched a public consultation on the “evolving cybersecurity landscape.” On Tuesday, the federal government launched the Consultation on Cyber Security to help identify gaps and opportunities, bring forward new ideas to shape Canada’s renewed approach

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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 Underwriter

The 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