Canadian Underwriter

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Worldwide public cloud services market to grow 17% to US$208.6 billion in 2016: Gartner

September 15, 2016 by Canadian Underwriter

The worldwide public cloud services market is projected to grow 17.2% in 2016 to total US$208.6 billion, up from US$178 billion in 2015, according to Gartner, Inc., a Stamford, Conn.-based information technology research and advisory company. Gartner said in a

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Oilsands carbon capture and storage project reaches one-year milestone

September 14, 2016 by Canadian Underwriter

Shell Canada has announced that the Quest carbon capture and storage (CCS) project has captured and stored one million tonnes of carbon dioxide (CO2) underground “ahead of schedule” in its first year of operation. Quest is the first CCS project

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Ontario court rules against rental car firm in ordering hearing-impaired driver be examined for discovery by video conference

September 14, 2016 by Canadian Underwriter

An Ontario court has denied a request from a London, England resident – and the firm from whom he rented a car in Canada – to be examined for discovery in person in Britain. Court records indicate that a vehicle

News AssociationsInsuranceLegislation / RegulationProfessional DevelopmentTechnology

Majority of businesses and economies not ready for digital platforms: Accenture

September 14, 2016 by Canadian Underwriter

The majority of businesses and economies are not ready for digital platforms, according to a new report released on Tuesday by global professional services company Accenture. Accenture’s report Five Ways to Win with Digital Platforms, published in collaboration with the

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Uber gives riders a preview of the driverless future

September 14, 2016 Dake Kang - THE ASSOCIATED PRESS

PITTSBURGH – Uber riders in Pittsburgh can get a glimpse of the future by summoning a car capable of handling most of the tasks of driving on its own. Starting Wednesday morning, a fleet of self-driving Ford Fusions will pick

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Montreal taxi industry to meet Tuesday to discuss Uber deal

September 13, 2016 The Canadian Press

MONTREAL – Representatives of Montreal’s taxi industry are scheduled to meet Tuesday to draft a response to the recent deal between the provincial government and ride-hailing company Uber. Taxi drivers are almost unanimously against the agreement, which allows Uber to

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One in three Americans hacked in the past year, new HSB cyber survey finds

September 13, 2016 by Canadian Underwriter

More than one-third of consumers in the United States experienced a computer virus, hacking incident or other cyberattack in the past 12 months, according to a new survey by Zogby Analytics for The Hartford Steam Boiler Inspection and Insurance Company

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Growth in commercial unmanned aircraft systems, UAS, to bring both benefits, new risks: Allianz

September 13, 2016 by Angela Stelmakowich

The use of unmanned aircraft systems (UAS) is set to soar south of the border — expected to triple the number of manned aircraft by year’s end — producing new risks that will require insurers to adopt a new view,

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New mobile app issues verbal safety warnings to Edmonton drivers

September 13, 2016 by Canadian Underwriter

The City of Edmonton has launched a new mobile app that warns drivers of school zones, speed limit changes and high collision locations. City of Edmonton Councillor Dave Loken said in a press release from the city on Monday that

News CatastrophesInsuranceMergers and AqcuisitionsReinsuranceTechnology

Resiliency plans increasingly important, plans will never be perfect

September 13, 2016 by Angela Stelmakowich

CALGARY — Resiliency plans are unlikely to ever be perfect, but they are an increasingly important element of an organization’s response to crises, two speakers who as individuals and members of their companies were intimately affected by the 9/11 terror

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Autonomous vehicles may reduce U.S. motor premiums by more than 40% by 2050: Aon Benfield

September 13, 2016 by Canadian Underwriter

Autonomous vehicles may reduce motor pure premiums in the United States by more than 40% by the time they “reach full adoption in 2050,” according to a recent Global Insurance Market Opportunities report from Aon Benfield. Aon Benfield, the global

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

AIG Innovation Challenge for Canadian-based startups in Toronto on Dec. 9

September 13, 2016 by Canadian Underwriter

AIG Canada, in partnership with the Consulate General of Canada in San Francisco and Silicon Valley, will be hosting the AIG Innovation Challenge on Dec. 9 in Toronto. AIG Canada will select 10 Canadian-based startups to pitch their products, services