Canadian Underwriter

Topic Technology

News LegalTechnology

U.S. prosecutor’s office paid bitcoin ransom in cyberattack

December 6, 2016 by Joe Mandak - THE ASSOCIATED PRESS

PITTSBURGH – A state prosecutor’s office in Pennsylvania was among hundreds of thousands of victims of a now-shuttered international cybercrime operation, paying nearly $1,400 in a bitcoin ransom to free up its infected computer network, authorities disclosed Monday. Federal prosecutors

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Copycat terrorists could use drones to attack planes, intelligence report warns

December 5, 2016 by Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Publicity about near-misses between drones and passenger aircraft might give terrorists ideas about how to take down a plane, a federal intelligence report warns. The Transport Canada report obtained by The Canadian Press also suggests small unmanned aerial

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Swiss Re plans to expand R&D capabilities to efficiently allocate capital into growing risk pools

December 2, 2016 by Canadian Underwriter

Swiss Re’s stronger focus on and investment in research and development (R&D) to identify risk pools, as well as its move to further leverage technology, seeks to meet the twin goals of facilitating enhanced client support and creating competitive advantage.

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Unexpected threats should be a concern to SMEs in U.K.: RSA

December 2, 2016 by Canadian Underwriter

More than a quarter of polled small and medium-sized enterprises (SMEs) in the United Kingdom reported being hit with an unexpected £50,000 bill would put them out of business, notes a new report released this week by RSA. And while

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Global aerospace insurance market to decline slightly from 2016 to 2020, new research suggests

November 30, 2016 by Canadian Underwriter

The 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

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Calgary city council changes rules to accommodate Uber operations

November 29, 2016 by The Canadian Press

CALGARY – 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

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U.S. Consumer Technology Association calls NHTSA’s guidelines on driver distraction from electronic devices “regulatory overreach”

November 29, 2016 by Canadian Underwriter

The 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

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Saskatchewan reaches deal with Ottawa on future of coal-fired power plants

November 28, 2016 by The Canadian Press

REGINA – 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

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Aviva Canada announces 15% auto insurance discount for drivers of vehicles with automatic emergency braking

November 28, 2016 by Canadian Underwriter

Aviva 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

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Growing trend toward seeking punitive, personal legal action against corporate leaders: AGCS

November 28, 2016 by Canadian Underwriter

New 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

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Ontario’s Ministry of Transportation launches automated vehicle pilot program

November 28, 2016 by Canadian Underwriter

Ontario’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

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Government of Canada to develop clean fuel standard

November 28, 2016 by Canadian Underwriter

The 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