Topic Technology
DDoS attacks now a threat to interior network applications: US test
March 31, 2016 by Canadian UnderwriterNew test research out of the United States is shedding light on emerging trends around distributed denial-of-service (DDoS), indicating related attacks are now targeting applications inside the networks of enterprise organizations. Released this week by information security research and advisory…
Second U.S. hospital in as many months becomes victim of malware attack
March 31, 2016 by Canadian UnderwriterJust over one month after the president and CEO of a hospital in Los Angeles admitted to paying about US$17,000 to hackers following a ransomware attack, another hospital in the United States has become victim of a malware attack. On…
Over-regulation of “driverless” vehicles could stifle industry, say advocates
March 30, 2016 by Terry Pedwell - THE CANADIAN PRESSKANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread…
IBC, Tesera Systems announce transfer agreement for bureau’s Municipal Risk Assessment Tool
March 30, 2016 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has announced the intellectual property rights for its municipal risk assessment tool (MRAT) – a made-in-Canada solution to help communities be more resilient and adaptable to climate change – is being transferred to Tesera Systems…
Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica
March 30, 2016 by Canadian UnderwriterSpecialty lines in the United States continue to be hypercompetitive, with technology playing an ever larger role in insurers’ ability to attract, retain and serve clients and brokers (agents) profitably, according to a new report from Novarica. The Business and…
IBAO president anticipates ‘bright future for brokers who are willing to change’
March 29, 2016 by Greg Meckbach, Associate EditorThe insurance industry may not be known for technological innovation, but there is a future for brokers who are willing to change, speakers said Tuesday during the annual general meeting of the Insurance Brokers of Toronto Region. “The only thing…
Auto insurers face long-term challenges from self-driving cars; avoidance technologies to benefit insurers: Moody’s
March 29, 2016 by Canadian UnderwriterSelf-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:…
Uncertain times highlight need for change at the CFO, finance levels: Deloitte
March 29, 2016 by Canadian UnderwriterAn 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)…
Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best
March 28, 2016 by Canadian UnderwriterConcerns 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…
Bill proposing mandatory insurance coverage for railways hauling dangerous goods reaches second reading
March 31, 2015 by Canadian UnderwriterA 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…
Google to build a self driving car prototype with no steering wheel; will not be sold publicly
May 28, 2014 by Justin Pritchard - THE ASSOCIATED PRESSLOS 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…
Evacuation zone remains in Halifax due to incident involving ‘weapons grade’ uranium
March 14, 2014 by Aly Thomson and Keith Doucette THE CANADIAN PRESSFire 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…