Canadian Underwriter

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autonomous vehicles


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Ford investing US$1 billion over five years in AI company to develop virtual driver system

February 13, 2017 by Canadian Underwriter

Ford Motor Company has announced it is investing US$1 billion during the next five years in Argo AI, an artificial intelligence company, to develop a virtual driver system for the automaker’s autonomous vehicle coming in 2021 – and for potential

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Hacking of driverless cars a concern for mining industry: Deloitte

February 10, 2017 by Canadian Underwriter

The exploration plans of Canadian mining firms are among the “prime” targets for hackers, while autonomous vehicles used by miners could be influenced by computer viruses, Deloitte Touche Tohmatsu Ltd. warned in a recent report. “Malicious viruses, like Stuxnet, explicitly

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Drivers can take up to nearly 26 seconds to resume control from autonomous cars: UK study

January 26, 2017 by Canadian Underwriter

Drivers can take up almost 26 seconds to resume control from an autonomous vehicle, a new study from a university in United Kingdom has found. University of Southampton engineers Professor Neville Stanton and Alexander Eriksson found that under non-critical conditions,

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Global consumers skeptical about safety of fully autonomous vehicles: Deloitte study

January 18, 2017 by Canadian Underwriter

Consumers around the world remain skeptical about the safety of fully autonomous vehicles and hold widely divergent views on who they trust to bring autonomous vehicles to market, according to a new study from Deloitte. The study, What’s ahead for

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26% of Canadians looking forward to driverless cars, many neutral, new Kanetix survey finds

January 4, 2017 by Canadian Underwriter

Slightly more than one in four (26% of) Canadians said they “couldn’t wait” for the day when driverless cars would become a reality, according to newly released survey results from Kanetix.ca, an online comparison site for insurance, mortgages and credit

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Uber pulls self-driving cars from California roads

December 22, 2016 Sudhin Thanawala - THE ASSOCIATED PRESS

SAN FRANCISCO – Uber pulled its self-driving cars from California roads after state regulators moved to revoke their registrations, officials said Wednesday. The move comes after a week of talks between the ride-hailing company and state regulators failed. Hours after

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BlackBerry creates autonomous vehicle innovation centre in Ottawa

December 20, 2016 by Canadian Underwriter

BlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in

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U.S. personal auto industry showing signs of weakening underwriting and operating ratios: A.M. Best

December 19, 2016 by Canadian Underwriter

The personal automobile insurance industry in the United States is exhibiting signs of weakening underwriting and operating results, mainly driven by rising loss ratios, according to a new A.M. Best special report. A.M. Best reached this conclusion in its report,

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California, Uber in legal showdown over self-driving cars

December 15, 2016 Justin Pritchard and Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO – Uber is riding its self-driving cars into a legal showdown with California regulators. The ride-hailing company is refusing to obey demands by the state’s Department of Motor Vehicles that it immediately stop picking up San Francisco passengers

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Unknown Roads Ahead

November 2, 2016 Robert Love, Partner and National Leader, Product Liability and Automotive Focus Groups, Borden Ladner Gervais, LLP

Consensus seems to be that automated vehicles will reduce collision numbers
and severity – and with this, a shift in the determination of liability – thereby impacting underwriting, policies, coverage and the law. Now is the time for insurers to get ahead of the curve and determine the associated risks.

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Autonomous vehicles may reduce U.S. motor premiums by more than 40% by 2050: Aon Benfield

September 13, 2016 by Canadian Underwriter

Autonomous vehicles may reduce motor pure premiums in the United States by more than 40% by the time they “reach full adoption in 2050,” according to a recent Global Insurance Market Opportunities report from Aon Benfield. Aon Benfield, the global

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Drivers still liable in accidents, even in near driverless cars, says Canadian law firm Borden Ladner Gervais

August 2, 2016 Terry Pedwell - THE CANADIAN PRESS

OTTAWA – Until Canadians own cars that truly drive themselves, they can forget getting off the legal hook if they’re in an accident with a vehicle that still has a steering wheel, suggests a report from Canada’s biggest law firm.