Keyword
Commercial Risk Management
Ontario Chamber of Commerce urges City of Toronto to “unlock the economic potential” of ridesharing
September 24, 2015 by Canadian UnderwriterThe Ontario Chamber of Commerce (OCC) is urging Toronto City Council to “unlock the economic potential” of the sharing economy as the city considers adopting a Transportation Network Company regulation for ridesharing. “The sharing economy is growing at an incredible…
Number of fingerprints stolen in massive U.S. data breach increases by 4.5 million; misuse expected to be limited
September 24, 2015 by Canadian UnderwriterThe Office of Personnel Management (OPM) in the United States – the human resources department for the federal government that suffered a massive data breach affecting about 21.5 million people in June – said on Wednesday that the number of…
New Canadian flood map program seeks to help provide true flood risk for insurers, others
September 24, 2015 by Canadian UnderwriterFlood Risk Canada, Inc. (FRC) has launched a new program designed to allow insurers, lenders and property owners to receive accurate and current flood hazard and flood risk data for commercial, residential and mixed-use properties in Canada. FRC reports the…
Chaos erupts at council meeting over dispute between Uber and taxi companies
September 24, 2015 The Canadian PressEdmonton taxi drivers screamed, chanted and some stripped off their shirts during a contentious meeting of Edmonton city council. At issue was a bylaw that would allow companies such as Uber to legally operate in the city. Dozens of drivers…
Zurich’s preliminary estimate of its expected Tianjin losses US$275 million
September 24, 2015 by Canadian UnderwriterZurich Insurance Group has announced it currently estimates aggregate losses of about US$275 million in connection with mid-August’s series of explosions at a container storage station in the Port of Tianjin in China. The US$275 million estimate for Tianjin losses…
Internet of Things, drones, new payment technologies and wearables to transform insurance industry over the next three years: SMA report
September 23, 2015 by Canadian UnderwriterMore than 40% of 147 insurance professionals surveyed by strategic advisory firm Strategy Meets Action (SMA) say that the Internet of Things (IoT), drones, new payment technologies and wearables will transform the industry over the next three years. This week,…
Ontario introduces new insurance plan for beekeepers
September 23, 2015 by Canadian UnderwriterOntario’s Ministry of Agriculture, Food and Rural Affairs announced on Wednesday that beekeepers in the province will soon have access to a new production insurance plan that will help them manage financial loss from winter bee colony damage. Production insurance…
Canada second largest energy and power insurance market globally, with US$1.77 billion in premiums in 2014: Finaccord
September 23, 2015 by Canadian UnderwriterCanada was the second largest energy and power insurance market in the world with US$1.77 billion in premiums in 2014, suggests new research from Finaccord, a market research, publishing and consulting company specializing in financial services. Published on Wednesday, Finaccord’s…
B.C. launches review of ministries’ management of personal information after search for back-up drive comes up empty
September 23, 2015 by Canadian UnderwriterA misplaced unencrypted back-up hard drive containing student information over a 23-year period has spurred a cross-government review of how British Columbia’s government ministries manage personal information. In total, the missing hard drive contains about 3.4 million education records tied…
Alberta communities can access $800,000 in funding for wildfire protection projects
September 22, 2015 by Canadian UnderwriterCommunities in Alberta will have access to $800,000 in funding this fiscal year for wildfire protection projects through the FireSmart Community Grant Program, Alberta Agriculture and Forestry announced last week. Municipalities, municipal districts, counties, Métis Settlements and registered non-profit societies…
Apple withdraws some China apps after malware found in unusual security breach
September 22, 2015 Joe McDonald - THE ASSOCIATED PRESSBEIJING – Apple Inc. has removed some applications from its App Store after developers in China were tricked into using software tools that added malicious code in an unusual security breach. Apple gave no details of which companies were affected.…
Verisk Analytics company develops technique for analyzing future U.S. coastal floods
September 22, 2015 by Canadian UnderwriterAtmospheric and Environmental Research (AER), an environmental research and development company and a Verisk Analytics business, announced on Monday that it has led the development of an “innovative, broadly applicable methodology” for analyzing future coastal floods in the United States.…