Keyword
Commercial Risk Management
Self-driving vehicles not ready for deployment: Robotics prof
March 16, 2016 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON, D.C. — Self-driving cars are “absolutely not” ready for widespread deployment despite a rush to put them to put them on the road, a robotics expert warned Tuesday. The cars aren’t yet able to handle bad weather, including standing…
IronPro launches enhanced cyber, tech E&O products in Canada
March 16, 2016 by Canadian UnderwriterIronPro, the financial and professional lines unit of Ironshore, is introducing a suite of enhanced cyber and technology errors and ommisions (E&O) products customized for the Canadian marketplace. The products will also provide eligible Ironshore Highly Protected Information policyholders with…
Allianz Global Corporate & Specialty gets new North American CEO
March 15, 2016 by Canadian UnderwriterAllianz Global Corporate & Specialty SE announced Tuesday that Bill Scaldaferri will be appointed chief executive officer for North America effective July 1, replacing Art Moossmann. Moossmann “will hand over his leadership responsibility” for AGCS North America to Scaldaferri from…
Canadian investors among plaintiffs suing Volkswagen in Germany
March 15, 2016 David McHugh - THE ASSOCIATED PRESSFRANKFURT – Institutional investors are suing Volkswagen for 3.25 billion euros in damages over the company’s handling of its emissions scandal, which has so far seen the share price fall by about a third. Attorney Andreas Tilp said Tuesday that…
Possible terrorist link under investigation after stabbing at Toronto military recruiting office
March 15, 2016 Colin Perkel and Diana Mehta - THE CANADIAN PRESSTORONTO — A man who allegedly said Allah instructed him to kill was charged Tuesday with stabbing and wounding two uniformed military members at a north Toronto recruiting centre a day earlier. While investigators were probing possible terror links, the…
Court dismisses former Canadian Football League player’s negligence lawsuit arising from head injury
March 15, 2016 Gemma Karstens-Smith - THE CANADIAN PRESSVANCOUVER – A British Columbia judge has tossed out a lawsuit by a former Canadian Football League player who claims negligence, alleging players haven’t been protected from concussions. B.C. Supreme Court Justice Christopher Hinkson said in a written ruling that…
U.S. government to bar oil drilling off Atlantic coast
March 15, 2016 Matthew Daly - THE ASSOCIATED PRESSWASHINGTON – In a major reversal, the Obama administration said Tuesday it will bar oil drilling in the Atlantic Ocean, a move cheered by environmentalists and consistent with the United States president’s aggressive steps to deal with climate change. U.S.…
Risk managers must address cyber security as an enterprise risk: FERMA
March 15, 2016 by Canadian UnderwriterBusinesses have difficulties with reaching a basic level of protection around cyber security, often as a result of a lack of risk insights and data driven risk mitigation and risk management must play a central role, the Federation of European…
Most breaches at surveyed U.S. organizations small and undetected: report
March 15, 2016 by Canadian UnderwriterData breaches know no boundaries when it comes to industry or size, with most surveyed organizations in the United States likely having experienced a breach, the majority of which are small and may go undetected for a long time, suggests…
Iran responsible for cyber attack on New York flood control structure: Senator
March 14, 2016 by Canadian UnderwriterLAWRENCE, N.Y. – A cyberattack on a small dam in the New York City suburbs was a “shot across the bow” of the United States and should be met with tougher sanctions against Iran, U.S. Senator Charles Schumer said Friday.…
Supreme Court of Canada to hear appeal over faulty workmanship exclusion in builder’s risk insurance policy
March 14, 2016 by Canadian UnderwriterThe Supreme Court of Canada is scheduled to hear an appeal from a construction contractor arising from a disputed claim on a builder’s risk policy with a faulty workmanship exclusion, the highest court announced Friday. Ledcor Construction, a general contractor,…
Train derailment exercise seeks to identify how to improve collaboration, response capabilities
March 14, 2016 by Canadian UnderwriterTransport Canada and Defence Research and Development Canada (DRDC) conducted an exercise in British Columbia this past weekend to shed light on how to improve Canada’s response capabilities and future training curriculum for emergency responders in the event of an…