Topic
Technology
Police investigating possible cyber threat against Ontario’s Hydro One: company
January 4, 2017 The Canadian PressTORONTO – Ontario’s Hydro One says it is assisting Canadian law enforcement agencies in an ongoing investigation into a possible cyber threat against the electricity distributor. The company’s chief security officer, Rick Haier, says they were contacted by the RCMP…
Brokerage tech adoption increases by 12% across Canada: CSIO
January 4, 2017 by Canadian UnderwriterBrokerage adoption of nine key technologies has risen by 12% across Canada to a new high of 69%, according to the Centre for Study of Insurance Operations (CSIO). The announcement on Wednesday kicks off the second year of CSIO’s Technology…
University of Toronto to offer “first in Canada” certificate in forensic engineering
January 4, 2017 by Canadian UnderwriterThe University of Toronto (U of T) has announced that it will be offering a new certificate in forensic engineering, something the university calls a “first in Canada.” The U of T course is core to a new certificate in…
26% of Canadians looking forward to driverless cars, many neutral, new Kanetix survey finds
January 4, 2017 by Canadian UnderwriterSlightly more than one in four (26% of) Canadians said they “couldn’t wait” for the day when driverless cars would become a reality, according to newly released survey results from Kanetix.ca, an online comparison site for insurance, mortgages and credit…
Belron Canada announces acquisition of vehicle damage repair company Speedy Collision
January 3, 2017 by Canadian UnderwriterBelron Canada has announced the acquisition of Speedy Collision, a network of 24 franchise collision centres located across Alberta, Saskatchewan and Ontario. Like other retail businesses, the automotive aftermarket service industry is changing as customers are more and more influenced…
Breach Notification
January 2, 2017 Greg Meckbach, Associate EditorFederal regulations requiring organizations to notify individuals of data breaches that could potentially expose them to harm will probably be in place this year and could cause an increase in class-action lawsuits, lawyers familiar with privacy laws suggest. The Digital…
Homeward Bound
January 2, 2017 Daniel Shum, Partner and National Insurance Leader, DeloitteA recent survey of first-time homeowners indicates widespread frustration with insurers, including too many underwriting questions, lack of information in plain English and an inability to complete insurance transactions online.
FSCO issues warning over spam email appearing to come from the regulator
December 22, 2016 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has issued a warning about a spam email using the fsco.gov.on.ca domain name and email address richard@fsco.gov.on.ca, which it said has been transmitting a computer virus to unsuspecting members of the public. The…
Uber pulls self-driving cars from California roads
December 22, 2016 Sudhin Thanawala - THE ASSOCIATED PRESSSAN FRANCISCO – Uber pulled its self-driving cars from California roads after state regulators moved to revoke their registrations, officials said Wednesday. The move comes after a week of talks between the ride-hailing company and state regulators failed. Hours after…
Chubb expands suite of cyber loss mitigation services for Canadian and U.S. policyholders
December 22, 2016 by Canadian UnderwriterChubb announced on Thursday an expanded suite of cyber loss mitigation services is now available to help the company’s policyholders in Canada and the United States reduce the impact and likelihood of a cyber incident. According to a press release…
Determining consequential damages from data breach ‘difficult to apply in practice:’ Willis Towers Watson
December 21, 2016 by Canadian UnderwriterA ‘significant percentage’ of data breaches involve a loss or compromise of data in the hands of third-party vendors, and many technology vendor agreements cap those vendors’ liability to fees paid and leave customers on the hook for consequential, incidental…
Transport Canada launches drone safety initiatives, including online incident-reporting tool
December 21, 2016 by Canadian UnderwriterTransport Canada announced on Wednesday that it has launched a number of initiatives aimed at drone safety, including a “new incident-reporting tool to keep Canadians safe from reckless drone use.” Kate Young, Member of Parliament for London West and parliamentary…