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AP Sources: VW to pay near $10.2B to settle emissions claims

June 23, 2016 Tom Krisher and Michael Biesecker - THE ASSOCIATED PRESS

DETROIT – Volkswagen has agreed to take a series of steps with a total cost of about $10.2 billion to settle claims from its unprecedented diesel emissions cheating scandal in the U.S., two people briefed on the matter said Thursday.

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Enterprises struggling to manage big data flows: global survey

June 23, 2016 by Canadian Underwriter

Big data is proving to be bad data for some surveyed enterprises, with almost nine in 10 reporting they believe they are flowing bad data into their data stores, note results of a global survey issued Wednesday by StreamSets. The

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Corporate “no-cloud” policies will be as rare as “no-Internet” policies by 2020: Gartner

June 22, 2016 by Canadian Underwriter

By 2020, a corporate “no-cloud” policy will be as rare as a “no-Internet” policy is today, according to a new report from information technology research and advisory company Gartner, Inc. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance

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Former Telus computer security expert launches cyber breach investigation provider

June 22, 2016 by Canadian Underwriter

A recently-launched Toronto-based firm, Cytelligence Inc., says it offers to investigate cyber breaches, review clients’ business continuity plans and take into consideration the “pros and cons of cyber insurance” for its clients. Cytelligence announced Wednesday it was launched by Daniel

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Cyber security enters U.S. manufacturers’ Top 10 risks: BDO

June 22, 2016 by Canadian Underwriter

Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in

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U.S. executives struggling to measure and mitigate strategic risks: survey

June 21, 2016 by Canadian Underwriter

Nearly two-thirds (64%) of executives in the United States see strategic risk as a “highly significant threat” to their organizations compared to other types of risk – including compliance, operational and financial – according to a new survey from independent

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Automated technology in Toronto public transit scheduled for executive committee discussion

June 21, 2016 by Canadian Underwriter

A recommendation to ask the Toronto Transit Commission to report on a plan for automated vehicle technology is on the agenda of a June 28 meeting of local politicians. The executive committee – comprised of 13 of Toronto’s city councillors

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Insurance telematics policies in force in North America expected to grow from 6.3 million in Q4 2015 to 42.1 million in 2020: report

June 21, 2016 by Canadian Underwriter

The number of insurance telematics policies in force in North America is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 6.3 million in the fourth quarter of 2015 to 42.1 million in 2020, according to

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VerticalScope, online forum operator, hacked; says it’s beefing up security

June 20, 2016 The Canadian Press

TORONTO – VerticalScope, a Toronto-based company that operates hundreds of websites and online forums, was the victim of a hacker earlier this year who stole millions of user records. “We believe that any potential breach is limited to user names,

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Aviva Canada launches Pitch Day event; Aviva Ventures investing $180 million over five years in disruptive, high potential digital startups

June 20, 2016 by Canadian Underwriter

Aviva Canada announced on Monday that it will host its first-ever Pitch Day event in Toronto on Oct. 11. Aviva Canada said in a press release that Aviva Ventures is investing $180 million over the next five years in “disruptive,

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Federal government announces investment in unmanned aircraft systems range in Alberta

June 17, 2016 by Canadian Underwriter

The Government of Canada announced on Friday an investment of $300,000 to support the development of an unmanned aircraft systems (UAS) range for training and field testing in the southeastern Alberta farming village of Foremost. Navdeep Bains, the Minister of

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Quebec and Saskatchewan join forces for carbon capture and storage technologies

June 17, 2016 by Canadian Underwriter

The Premiers of Quebec and Saskatchewan announced on Thursday that they have agreed to accelerate the development and deployment of technologies related to carbon capture and storage (CCS). Quebec Premier Philippe Couillard (above right) and Saskatchewan Premier Brad Wall (above