Canadian Underwriter

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Technology


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88% of U.S. state and local government IT professionals concerned about cyberattacks targeting critical city infrastructure: study

September 23, 2016 by Canadian Underwriter

Almost nine in 10 state and local government IT professionals in the United States are concerned about cyberattacks targeting critical city infrastructure, according to a study conducted on behalf of Tripwire, Inc., a provider of security, compliance and IT operations

News InsuranceLegalMergers and AqcuisitionsTechnology

Yahoo hack steals personal info from at least 500 million accounts

September 23, 2016 Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO – Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider. The massive security breakdown disclosed Thursday poses new headaches for Yahoo

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Understanding potential disruptions to risk analysis, cost basis and distribution key to insurers’ strategies: Novarica

September 22, 2016 by Canadian Underwriter

Insurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a

News CatastrophesInsuranceTechnology

Alert Ready, Canada’s new national emergency alert system, tested in Manitoba and Northwest Territories

September 21, 2016 by Canadian Underwriter

The Manitoba Emergency Measures Organization of Manitoba Infrastructure announced on Tuesday that Alert Ready, the national emergency alert system, will send out a province-wide test message over TV and radio on Wednesday at 3:55 p.m. local time. Alert Ready provides

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

U.S. government previews rules of the road for self-driving cars

September 20, 2016 Joan Lowy and Justin Pritchard - THE ASSOCIATED PRESS

WASHINGTON – Obama administration officials previewed long-awaited guidance Monday that attempts to bring self-driving cars to the nation’s roadways safely – without creating so many roadblocks that the technology can’t make it to market quickly. Traditional automakers and tech companies

News InsuranceTechnology

Shared Services Canada launches consultations on plan to modernize federal IT services

September 20, 2016 by Canadian Underwriter

The Government of Canada announced on Tuesday that it is launching consultations on “modernizing the digital services it provides to Canadians through secure and reliable information technology.” Judy M. Foote, the Minister of Public Services and Procurement, announced in a

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

TSB calls for implementation of voice and video recorders on locomotives in Canada

September 20, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada (TSB) is calling for the implementation of voice and video recorders on locomotives in Canada. The call follows the release of the TSB’s report on its safety study, Expanding the use of locomotive voice

News Climate ChangeInsuranceTechnology

Alberta appoints task force to help province transition to lower-carbon economy

September 20, 2016 by Canadian Underwriter

The Alberta government announced on Monday that it has appointed a task force to provide recommendations on targeting investments in climate technology to help transition to a lower-carbon economy. As part of Alberta’s Climate Leadership Plan, the government will phase

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Insurers have untapped opportunity to transform into solutions providers, not just sellers: consumers

September 20, 2016 by Canadian Underwriter

Almost three-quarters of consumers taking part in a Bain & Company Inc. survey say they would value a platform for providing services well beyond insurance coverage, opening the door for insurers to transform themselves from just sellers into solutions providers.

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Doubts being raised over Quebec’s legislation regulating Airbnb-type rentals

September 19, 2016 Ross Marowits - THE CANADIAN PRESS

MONTREAL – Quebec is often held up as a model for other provinces to follow when it comes to regulating the growing home-sharing market, but doubts are being raised over whether recent provincial changes are having any impact. In April,

News InsuranceMergers and AqcuisitionsTechnology

Sonnet adds personal auto to digital platform

September 19, 2016 by Canadian Underwriter

Economical Insurance’s new online direct channel, Sonnet, announced on Monday that it has added personal auto to its digital platform. Sonnet originally went live on May 9, offering personal home insurance, including homeowner tenant, condo and landlord insurance. Sonnet said

News CatastrophesInsuranceLegalMergers and AqcuisitionsTechnology

Two-thirds of U.K. polled firms not assessing financial impact of a cyber attack: Marsh

September 19, 2016 by Canadian Underwriter

Almost two-thirds of surveyed large and medium-sized organizations in the United Kingdom do not conduct or estimate the financial impact of a cyber attack, notes a new report issued Monday by Marsh. Despite a 56% rise in boardroom ownership of