Topic
Technology
Millennials interact with their banks more than Boomers; banks need to provide digital focus for all generations
December 1, 2016 by Canadian UnderwriterMobile adoption is high among U.S. Millennials when it comes to retail banking, but so too is the likelihood of visiting a teller or calling a contact centre, reveals new research released Thursday by New York-based Bain & Company Inc.…
Global aerospace insurance market to decline slightly from 2016 to 2020, new research suggests
November 30, 2016 by Canadian UnderwriterThe global aerospace insurance market will decline at a compound annual growth rate of -0.37% during the period from 2016 to 2020, according to a new report from Research and Markets. The Global Aerospace Insurance Market 2016-2020 report, released on…
Calgary city council changes rules to accommodate Uber operations
November 29, 2016 The Canadian PressCALGARY – The ride-hailing service Uber is now free to do business in the City of Calgary. City council has voted to amend its rules, meaning the fee structure for ride sharers would now be scalable and the application process…
U.S. Consumer Technology Association calls NHTSA’s guidelines on driver distraction from electronic devices “regulatory overreach”
November 29, 2016 by Canadian UnderwriterThe Consumer Technology Association (CTA) in the United States is calling the National Highway Traffic Safety Administration’s (NHTSA) proposed guidelines on driver distraction from electronic devices “disturbing” and “regulatory overreach.” Last Wednesday, the NHTSA released the second phase of voluntary…
Saskatchewan reaches deal with Ottawa on future of coal-fired power plants
November 28, 2016 The Canadian PressREGINA – Saskatchewan says it has reached a deal with Ottawa that will allow the province to keep using coal-fired power plants in what it calls “a responsible manner” beyond 2030. The agreement will allow the province to meet federal…
Aviva Canada announces 15% auto insurance discount for drivers of vehicles with automatic emergency braking
November 28, 2016 by Canadian UnderwriterAviva Canada has announced a 15% auto insurance discount for drivers of vehicles that have automatic emergency braking (AEB). The insurer said in a press release on Monday that the “industry first” discount will be available to all Aviva‐insured drivers…
Growing trend toward seeking punitive, personal legal action against corporate leaders: AGCS
November 28, 2016 by Canadian UnderwriterNew and emerging risks are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, notes a new global report issued Monday by Allianz Global Corporate & Specialty (AGCS). “There is a growing…
Ontario’s Ministry of Transportation launches automated vehicle pilot program
November 28, 2016 by Canadian UnderwriterOntario’s Ministry of Transportation (MTO) announced on Monday that it is launching “the first automated vehicle (AV) pilot program in Canada,” led by the University of Waterloo, the Erwin Hymer Group and BlackBerry QNX. The pilot brings together a range…
Government of Canada to develop clean fuel standard
November 28, 2016 by Canadian UnderwriterThe Government of Canada announced on Friday that it will consult with provinces and territories, Indigenous peoples, industries and non-governmental organizations to develop a clean fuel standard. The standard would require reductions in the carbon footprints of the fuels supplied…
Mandatory breach notification in Canada has ‘potential to effectively cause’ class-action lawsuits: PCUC speaker
November 25, 2016 Greg Meckbach, Associate EditorImpending changes to Canada’s Personal Information Protection and Electronic Documents (PIPEDA) could “effectively cause more class-action” lawsuits down the road because companies will be required to report information security breaches that pose “a real risk of significant harm,” a lawyer…
NHTSA proposes guidelines to address driver distraction from electronic devices
November 25, 2016 by Canadian UnderwriterThe National Highway Traffic Safety Administration (NHTSA) has released proposed guidelines to help address driver distraction caused by mobile and other electronic devices in vehicles. The announcement, on Wednesday, covers the second phase of voluntary guidelines to address driver distraction on roads…
Cybercriminals using DDoS as “smokescreen” for other attacks on businesses: Kaspersky
November 25, 2016 by Canadian UnderwriterCybercriminals are sometimes using distributed denial of service (DDoS) attacks as a “smokescreen” to distract businesses while hackers launch other attacks, cybersecurity company Kaspersky Lab said in a recently released survey. According to the 2016 Kaspersky Lab Corporate IT Security…