Topic Technology
CNA Financial posts net income of US$343 million in 2016 Q3
November 1, 2016 by Canadian UnderwriterCNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for…
Canadian business executives report not doing enough to protect data, security concern over migrating to the cloud persists: Microsoft Canada
October 31, 2016 by Angela StelmakowichSkepticism over security when migrating to the cloud was voiced by almost six in 10 Canadian senior-level business leaders taking part in a Microsoft Canada Inc. survey. In all, 58% of the 711 respondents from the private and public sectors…
Cars made after May 2018 must have back up cameras: Transport Canada
October 31, 2016 by 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…
Judge approves $15 billion Volkswagen emissions settlement
October 25, 2016 by 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 by 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 by 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 by 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 by 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…