Topic
Technology
Telematics subscribers using embedded systems to reach 170 million worldwide by 2021, from 26.5 million at the end of 2015: report
December 21, 2016 by Canadian UnderwriterThe number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 36.4% from 26.5 million subscribers at the end of 2015 to 170.2 million subscribers at the end of 2021, according to…
BlackBerry creates autonomous vehicle innovation centre in Ottawa
December 20, 2016 by Canadian UnderwriterBlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in…
B.C. directs ICBC to conduct review of insurance rates, approve Basic rate increase of no more than 4.9%
December 20, 2016 by Canadian UnderwriterThe province of British Columbia has directed the Insurance Corporation of British Columbia’s (ICBC) board to commission a comprehensive, independent third-party review to look at a range of options and make recommendations that will “keep insurance rates affordable and align…
B.C. transportation ministry to use helicopter to clear Vancouver-area bridge cables of snow
December 19, 2016 by Canadian UnderwriterBritish Columbia’s Ministry of Transportation and Infrastructure announced on Friday that it will use a heavy-lift helicopter to clear cables on the Alex Fraser bridge of ice and snow. Over the past couple of weeks, chunks of ice were reported…
U.S. personal auto industry showing signs of weakening underwriting and operating ratios: A.M. Best
December 19, 2016 by Canadian UnderwriterThe personal automobile insurance industry in the United States is exhibiting signs of weakening underwriting and operating results, mainly driven by rising loss ratios, according to a new A.M. Best special report. A.M. Best reached this conclusion in its report,…
U.S. private cyber insurance market capable of managing most risks: study
December 17, 2016 by Canadian UnderwriterThe private cyber insurance market in the United States is capable of managing most risks, according to a new policy study from Washington, D.C.-based think tank R Street Institute. Released on Thursday, the study from R Street senior fellow Ian…
50% of citizens in large cities will share personal data with smart city programs by 2019: Gartner
December 16, 2016 by Canadian UnderwriterHalf of citizens in million-people cities will benefit from smart city programs by voluntarily sharing their personal data by 2019, according to new research from Gartner Inc., an information technology research and advisory company based in Stamford, Conn. Gartner noted…
Cloud security company discovers new cyberattack targeting Office 365 business email users
December 15, 2016 by Canadian UnderwriterExperts with New York City-based cloud security platform Avanan reported on Wednesday that they have discovered a new cyberattack targeting business email users of Microsoft’s Office 365. Avanan said in a blog post that the phishing attack was found using…
California, Uber in legal showdown over self-driving cars
December 15, 2016 Justin Pritchard and Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – Uber is riding its self-driving cars into a legal showdown with California regulators. The ride-hailing company is refusing to obey demands by the state’s Department of Motor Vehicles that it immediately stop picking up San Francisco passengers…
Yahoo suffers world’s biggest hack affecting one billion users
December 15, 2016 Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – Yahoo has discovered a 3-year-old security breach that enabled a hacker to compromise more than 1 billion user accounts, breaking the company’s own humiliating record for the biggest security breach in history. The digital heist disclosed Wednesday…
Blockchain for enterprise applications market to reach US$19.9 billion by 2025: report
December 14, 2016 by Canadian UnderwriterThe blockchain for enterprise applications market will reach US$19.9 billion by 2025, according to market intelligence firm Tractica. The Blockchain for Enterprise Applications report, released on Wednesday, said that annual revenue for enterprise applications of blockchain will increase from US$2.5…
U.S. government to require cars to be able to talk to each other
December 13, 2016 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON – All new cars and light trucks would be able to talk wirelessly with each other, with traffic lights and with other roadway infrastructure under a proposal released Tuesday by the Department of Transportation. Officials say the technology holds…