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Auto insurers face long-term challenges from self-driving cars; avoidance technologies to benefit insurers: Moody’s

March 29, 2016 by Canadian Underwriter

Self-driving cars could translate into significantly lower premiums and profits in the long-term for auto insurers as the number of accidents declines dramatically, Moody’s Investors Service said on Tuesday. A new report from Moody’s – titled P&C Insurance – Global:

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Uncertain times highlight need for change at the CFO, finance levels: Deloitte

March 29, 2016 by Canadian Underwriter

An increasingly uncertain business climate means finance departments have just four to five years to modernize if they are to meet the rising expectations of the organizations they serve, suggests a report issued Tuesday by Deloitte. Chief financial officers (CFOs)

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Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best

March 28, 2016 by Canadian Underwriter

Concerns regarding cyber risk, interest rates and the economy remain prominent among insurers, according to the latest quarterly survey from A.M. Best Company. The Best’s Special Report, released on Thursday, included several hundred responses, representing property and casualty (70.4%), life

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Insurance Industry Secrets Revealed

November 6, 2015 by Adam

You are about to unlock the ultimate information about the insurance industry.

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Bill proposing mandatory insurance coverage for railways hauling dangerous goods reaches second reading

March 31, 2015 by Canadian Underwriter

A bill proposing to mandate specific levels of insurance for Canadian railway operators – of $1 billion in some cases – was tabled Monday in Ottawa for second reading in the House of Commons. MPs debated Bill C-52, the Safe

Feature LegalTechnology


March 1, 2015 Angela Stelmakowich, Editor

Seeking ways to better manage the risks associated with oil-by-rail transport – as well as to deal with the often negative and costly fallout from derailments, collisions or worse – is gaining momentum in Canada. Ottawa looks to be moving

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Google to build a self driving car prototype with no steering wheel; will not be sold publicly

May 28, 2014 Justin Pritchard - THE ASSOCIATED PRESS

LOS ANGELES – Google will build a car without a steering wheel. It doesn’t need one because it drives itself. The two-seater won’t be sold publicly, but Google said Tuesday it hopes by this time next year, 100 prototypes will

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Evacuation zone remains in Halifax due to incident involving ‘weapons grade’ uranium

March 14, 2014 Aly Thomson and Keith Doucette THE CANADIAN PRESS

Fire officials say an evacuation zone remained in place Friday at a port in Halifax after four steel cylinders carrying weapons-grade uranium fell about six metres the night before as they were being unloaded from a container ship, prompting a

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Federal unit ‘most likely’ needs more funding if emergency response plans mandated for flammable liquids transported by rail: Report

February 18, 2014 by Canadian Underwriter

A report recently submitted to Transport Minister Lisa Raitt notes that shipments of crude oil by rail have “risen exponentially” in recent years and but that the federal organization responsible for guidance on transportation of dangerous goods may not have

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Off Track

December 1, 2013 Greg Meckbach, Associate Editor

Whether or not federally regulated railway operators should have a specific dollar value of liability insurance limits are among the issues now being explored as part of a public consultation. Stakeholders are also being asked if railway companies should be required to notify their insurer of changes that could mean coverage is no longer adequate.

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CN defends safety record in face of three train derailments within a month

October 20, 2013 The Canadian Press

GAINFORD, Alta. – CN Rail is defending its safety record after three high-profile derailments involving trains carrying hazardous materials within the space of a month while apologizing for the latest mishap. Thirteen cars on a CN (TSX:CNR) freight train carrying

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Fairfax Financial consortium signs US$4.7 billion deal to buy BlackBerry

September 23, 2013 The Canadian Press

TORONTO – BlackBerry Ltd. has signed a deal to be bought by a consortium led by its largest shareholder in a deal valued at U$4.7 billion, the companies announced Monday. The consortium led by Fairfax Financial Holdings. Ltd., a Canadian