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Driving while talking on a hands-free phone can be as distracting as talking on hand-held mobile: study

June 8, 2016 by Canadian Underwriter

Driving while talking on a hands-free phone can be as distracting as talking on a hand-held mobile, according to a study from researchers at the University of Sussex in the United Kingdom. The study, titled Imagery-inducing distraction leads to cognitive

News CatastrophesInsuranceTechnology

Need exists to embrace all tools, including social media, to enhance emergency management and response

June 8, 2016 Angela Stelmakowich, Editor

Social media can serve as an important tool in a scattergun approach that helps the public to be better informed, further engaged and more prepared in the event of an emergency or disaster, suggests Melanie Irons, PhD, psychology lecturer with

News InsuranceLegalMergers and AqcuisitionsTechnology

University of Calgary pays ransom after attack on computer systems

June 8, 2016 The Canadian Press

CALGARY – The University of Calgary says it paid a ransom of $20,000 demanded after a recent cyberattack. The school says in a news release that staff were able to isolate some of the attack and are working to ensure

News InsuranceMergers and AqcuisitionsTechnology

Businesses wait for damaging cyberattacks before taking action: study

June 8, 2016 by Canadian Underwriter

Two-thirds of respondents to a global study commissioned by technology and innovation company Raytheon have indicated that not until there is a “significant data loss” from an IT security breach are their organizations motivated to engage a vendor. Don’t Wait:

News Climate ChangeInsuranceMergers and AqcuisitionsTechnology

Ontario will spend up to $8.3 billion to fight climate change, offer incentives

June 7, 2016 Keith Leslie - THE CANADIAN PRESS

TORONTO – Ontario’s action plan on climate change will include financial incentives to get cleaner, more efficient cars and trucks on the roads and to convince homeowners and businesses to lower their carbon footprints, The Canadian Press has learned. The

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Autonomous vehicle sales to reach 21 million globally by 2035: IHS Automotive

June 7, 2016 by Canadian Underwriter

Global autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced

News InsuranceLegalMergers and AqcuisitionsTechnology

Nearly half of polled firms with cyber insurance unsure if their policies are up-to-date for covering new attacks

June 7, 2016 by Canadian Underwriter

Almost half of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks, according to research from Mimecast Limited, an email and data security company. Research from the company into the growing

News Mergers and AqcuisitionsTechnology

Disruption in financial services demands executives are able to identify imminent threats, opportunities

June 7, 2016 by Canadian Underwriter

Chief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new

News InsuranceProfessional DevelopmentTechnology

60% of digital businesses will suffer major service failures by 2020 due to inability to manage digital risk: Gartner

June 6, 2016 by Canadian Underwriter

Sixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company.

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsTechnology

Insurance industry needs to catch up, huge advantage for first-movers in sharing economy: Nelis

June 6, 2016 by Angela Stelmakowich

The sharing economy is not a new concept, but because it moves so quickly today, the insurance industry must innovate to catch up and reap the benefits, David Nelis, national CoE leader – casualty for Aon Risk Services, suggested last

News InsuranceLegalMergers and AqcuisitionsTechnology

Automated vehicle technology likely to eventually be mandatory: seminar speaker

June 3, 2016 by Angela Stelmakowich

Life-saving automated vehicle technology – some of which is now available and will certainly be part of semi-autonomous and autonomous vehicles – will likely become required in the future, Kate Browne, senior vice president and claims counsel for Swiss Re,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Chubb adds cyberbullying coverage for Canadian homeowners customers

June 2, 2016 by Canadian Underwriter

Chubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal