Keyword
U.S.
Experts: Takata bankruptcy means air bag victims get less
June 20, 2017 Tom Krisher - THE ASSOCIATED PRESSDETROIT – A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and…
Commercial insurance prices in the U.S. increased by less than 1% for sixth straight quarter: Willis Towers Watson
June 12, 2017 by Canadian UnderwriterCommercial insurance prices in the United States were nearly flat during the first quarter of 2017, according to the last Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson (WTW). The survey, released on Monday, compared prices charged on…
As U.S. threatens withdrawal, feds still committed to Paris Accord, McKenna says
May 31, 2017 The Canadian PressTORONTO – As the U.S. flirts with fleeing the Paris climate-change accord, Canada is aligning itself with the world’s other two largest economies to take a global leadership role on the effort to limit greenhouse gas emissions. Environment Minister Catherine…
Criminal Code changes proposing mandatory alcohol screening of drivers tabled for second reading
May 24, 2017 by Canadian UnderwriterThe federal government is aiming to remove the “bolus drinking” loophole with amendments to the Criminal Code provisions on impaired driving, Attorney General of Canada Jody Wilson-Raybould suggested Friday on Parliament Hill. If Bill C-46 is passed into law, Canadian…
Resource risk top concern for wind energy sector: GCube Underwriting
May 23, 2017 by Canadian UnderwriterResource risk has surpassed mechanical and electrical breakdown to become the number one potential source of financial losses for onshore wind energy developers, owners and operators globally, suggests a new report from GCube Underwriting Ltd. Despite continued development and improvement…
Mandatory locomotive recorder bill ‘addresses a key safety issue,’ says Transportation Safety Board
May 16, 2017 by Canadian UnderwriterAmendments to the federal Railway Safety Act mandating recording devices, if passed into law, could provide “essential information” to Transportation Safety Board of Canada staff investigating rail accidents and could help prevent such accidents in the future, TSB suggested Tuesday.…
Ransomware cyberattack cripples hospitals across the United Kingdom
May 12, 2017 by Canadian UnderwriterA large ransomware cyberattack has “crippled” computer systems at hospitals across the United Kingdom on Friday, with appointments cancelled, phone lines down and patients turned away, the Associated Press has reported. Britain’s National Health Service (NHS) said that a number…
U.S. enterprises reporting renewed preference for in-house, domestic IT services: Clutch survey
May 4, 2017 by Canadian UnderwriterHow much of a priority organizations view IT services seems to be influencing decisions around using in-house resources rather than outsourcing services to an external vendor, suggests a new survey of IT decision-makers south of the border. Released Wednesday, the…
Combined ratio 100% in Q1 for Markel
May 2, 2017 by Canadian UnderwriterCommercial insurance writer Markel Corp. reported a combined ratio of 100% in the three months ending March 31, a 12-point deterioration from its combined ratio of 88% during the first quarter of last year. Glen Allen, Virginia-based Markel released April…
All generations in the United States except Millenials becoming more skeptical of self-driving technology: J.D. Power study
April 19, 2017 by Canadian UnderwriterWith the exception of Millenials, all other generational groups in the United States are becoming more skeptical of self-driving technology, posing a threat to car manufacturers and technology developers, a new study from J.D. Power has found. The J.D. Power…
Older drivers like active safety features, resist autonomous vehicles: Munich Re survey
March 15, 2017 by Canadian UnderwriterA new survey out of the United States exploring the sentiments of older drivers 65 and over shows about half of the respondents would not be comfortable riding in an autonomous vehicle, but they see great value in active safety…
Use of technology could help to enhance compliance efforts: KPMG LLP report
March 14, 2017 by Canadian UnderwriterThe majority of chief compliance officers (CCO) in the United States taking part in a KPMG LLP survey are struggling to integrate and automate compliance activities across their organizations. Six in 10 polled CCOs report “their company’s technology infrastructure has…