Topic
Technology
Cars made after May 2018 must have back up cameras: Transport Canada
October 31, 2016 THE CANADIAN PRESSOTTAWA — Transport Canada says new cars and small trucks will have to be equipped with rear-view camera systems starting in May 2018. The new regulations have been formally posted in the Canada Gazette for a 75-day comment period. The…
40% of polled U.S. policyholders who purchased cyber coverage in last six months have increased coverage: Council of Insurance Agents & Brokers
October 28, 2016 by Canadian UnderwriterThe Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released…
Use of digital channels increasing, but technology can’t fully replace human connections during auto claims process: J.D. Power U.S. study
October 27, 2016 by Canadian UnderwriterMillenials’ customer satisfaction with the auto insurance process in the United States, while still the lowest among all generations, is improving and carrying the rest of the industry with it, according to the J.D. Power 2016 U.S. Auto Claims Satisfaction…
Organizations must focus more on people, not just technology, to combat privacy breaches: lawyer
October 26, 2016 by Angela StelmakowichThe people component of privacy breaches is critically important, demanding greater focus going forward in light of an environment where both related individual and class actions are on the rise, Patrick Hawkins, a partner with Borden Ladner Gervais LLP suggested…
Insurance firms should investigate ‘insurtechs’ to complement their own digital strategies: Gartner
October 26, 2016 by Canadian UnderwriterInsurance sector chief information officers (CIOs) should expand their market insight concerning the innovation and disruption potential of insurance technology startups, or “insurtechs,” to complement their digital insurance strategies, according to Gartner, Inc. The Stamford, Conn.-headquartered information technology research and…
Judge approves $15 billion Volkswagen emissions settlement
October 25, 2016 The Associated PressSAN FRANCISCO – A federal judge in San Francisco has approved a nearly $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal. U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement…
One in three Ontario drivers admit to distracted driving: survey
October 25, 2016 by Canadian UnderwriterAbout one in three (32%) drivers in Ontario admit to driving distracted because of their mobile devices, “and the number one reason for not focusing on the road is because someone called,” according to a recent Ipsos survey conducted for…
Collaboration, communication and integration key to success: Boland at IBAO Convention
October 23, 2016 Jason Contant, Online EditorBrokers, broker management system (BMS) companies and insurance companies all need to “come together” using collaboration, communication and integration, incoming Insurance Brokers Association of Ontario (IBAO) president Traci Boland said last week at the association’s 96th annual convention. “The theme…
U.S. Internet repeatedly disrupted by cyberattacks on key firm
October 21, 2016 Raphael Satter - THE ASSOCIATED PRESSLONDON – Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials. Manchester, New Hampshire-based Dyn, Inc. said its server infrastructure was…
Economical Insurance expecting “significant growth” in broker channel over the next five years: Gavan at IBAO Convention
October 21, 2016 Jason Contant, Online EditorEconomical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of…
Tesla equipping cars to drive completely on their own
October 20, 2016 Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility. The announcement made…
U.S., U.K. cybersecurity officials: Destructive hacks are coming
October 20, 2016 Raphael Satter - THE ASSOCIATED PRESSLONDON – The world should brace itself for more physically destructive hacks, two senior cybersecurity officials said Wednesday, warning that a more dangerous era of hacking was already upon us. Paul Chichester, the director of operations at Britain’s new National…