Topic
Technology
Trillium Mutual obtains CSIO certification for personal lines eDocs
July 27, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Trillium Mutual Insurance Company has become the latest company to obtain CSIO certification for Personal Lines eDocs. When eDocs are used to their full potential, sending, receiving, sorting,…
University of Calgary professor using NASA satellite data to help forecast forest fires
July 26, 2016 by Canadian UnderwriterAn engineering professor from the University of Calgary is using freely accessible satellite data from NASA to create five classes of forest fire risk to help accurately predict where these hazards might strike. Quazi Hassan, a geomatics engineering associate professor…
Citing cyber ‘revolution,’ Obama issues attack response plan
July 26, 2016 Josh Lederman - THE ASSOCIATED PRESSWASHINGTON – The White House warned Tuesday of a “revolution” of computer-generated threats to the U.S. stoked by growing cyber aggression by traditional U.S. foes like Russia and North Korea, and issued a colour-coded response plan for the federal government…
First five months of 2016 dominated by malicious email campaigns of unprecedented volume, new ransomware variants
July 26, 2016 by Canadian UnderwriterThe first five months of 2016 were dominated by malicious email campaigns of unprecedented volume, with new ransomware variants emerging quickly and actors “repeatedly [shifting] tactics with new loaders, document attachment types and obfuscation techniques to evade detection,” according to…
2016 malware levels nearly four times 2015 totals, cybersecurity company finds
July 22, 2016 by Canadian UnderwriterA security analyst team at AppRiver, a cloud-based cybersecurity company based in Gulf Breeze, Fl., has quarantined 4.2 billion emails containing malware in the second quarter of 2016, “pointing to a continued increase in malware traffic this year.” The emails…
Pen Underwriting Canada’s e-traded D&O solution offers brokers fast quote-to-cover capability
July 22, 2016 by Canadian UnderwriterPen Underwriting Canada’s newly launched e-trading platform allows brokers to quote and issue a policy within five minutes that provides directors and officers a broad range of D&O coverage to suit the fast-evolving risks and liabilities they face. Calling the…
Insurers should offer lower premiums to motorists who don’t use mobile phones while driving, U.K. survey finds
July 20, 2016 by Canadian UnderwriterSix in ten motor insurance policyholders in the United Kingdom say that avoiding any type of mobile phone use should be a top factor used by insurers in offering lower premiums, according to a new survey. The survey of 1,314…
Plans for self-driving cars have pitfall: the human brain
July 19, 2016 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON – Experts say the development of self-driving cars over the coming decade depends on an unreliable assumption by many automakers: that the humans in them will be ready to step in and take control if the car’s systems fail.…
Most companies unprepared for emergence of autonomous vehicles: Munich Re survey
July 19, 2016 by Canadian UnderwriterMost companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich…
Cyberattacks costing U.S. businesses US$3.5 million annually, 79% of businesses lack strategies to manage these risks: Ponemon Institute
July 18, 2016 by Canadian UnderwriterExternal cyberattacks are costing businesses in the United States about US$3.5 million in incurred annual costs, with 79% of polled businesses lacking comprehensive strategies to manage these risks, according to a new Ponemon Institute study sponsored by BrandProtect. Despite acute…
Posting vacation plans, pictures could put polled Quebecers’ home security at risk: Allstate Canada
July 18, 2016 by Canadian UnderwriterInforming everyone via social media just how great a vacation is or is going to be could be putting Canadians’ largest investments – their homes – at risk of breaches in home security, notes a new survey issued Monday by…
Endurance’s estimated financial impact of several Cat events in 2016 Q2, including Alberta wildfires, is US$55.5 million
July 15, 2016 by Canadian UnderwriterBermuda-based Endurance Specialty Holdings Ltd. reported Thursday that the company’s initial estimated net negative financial impact of several catastrophic events in 2016 Q2, including the wildfires in Alberta, is US$55.5 million. The events included in the initial estimate include the…