Segment
Consumers
Worldwide IT spending set to rebound in second half 2017, led by cloud and mobile upgrade cycles: report
July 14, 2017 by Canadian UnderwriterWorldwide IT spending is expected to rebound in the second half of the year, led by cloud and mobile upgrade cycles, International Data Corporation (IDC) said in a new report. According to the latest edition of IDC’s Worldwide Black Book,…
North America world’s most advanced smart home market: Berg Insight
July 14, 2017 by Canadian UnderwriterNorth America is the world’s most advanced smart home market, with an installed base of 21.8 million smart homes at the end of 2016 – a 47% year-on-year growth, according to machine-to-machine (M2M) and Internet of Things (IoT) analyst firm…
“Industry-specific disruptive technologies” to contribute to increase in worldwide IT spending: Gartner
July 13, 2017 by Canadian UnderwriterWorldwide IT spending is projected to total US$3.5 trillion, a 2.4% increase from last year, driven in part by “industry-specific disruptive technologies,” Gartner Inc. reported on Thursday. “Digital business is having a profound effect on the way business is done…
Vancouver mobile app development company launches pilot program to protect Canadians from distracted driving
July 12, 2017 by Canadian UnderwritereBrake Technologies Inc., a mobile app development company founded in Vancouver in June 2016, announced on Wednesday a pilot program that will offer a smartphone app designed to prevent distracted driving. The pilot program will offer smartphone app eBrake to…
Takata adds new type of inflator to huge air bag recall
July 12, 2017 Tom Krisher - THE ASSOCIATED PRESSDETROIT – Takata is adding a new type of air bag inflator to the nation’s largest automotive recall. The company filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda, all with…
Maintaining wetlands could slash riverine flooding-related damage, local pilot project has national applicability: study
July 12, 2017 by Angela StelmakowichJust leaving current wetlands in their natural state could cause riverine flooding-related flood damage to plummet as much as 38% and should provide the impetus for communities to view natural infrastructure as a climate adaptation solution, notes a study from…
Stilling quake risk in eastern Canada demands greater focus, awareness and effort: Swiss Re
July 11, 2017 by Angela StelmakowichRisk awareness is severely lacking and not enough attention is being paid to quake risk in eastern Canada, a region with “huge” loss-inflicting potential that a Swiss Re model projects could produce the country’s largest nat-Cat loss ever if the…
“Nearly all” U.K. drivers paying record amounts for car insurance: Association of British Insurers
July 10, 2017 by Canadian UnderwriterDrivers in nearly all age groups in the United Kingdom are paying record amounts for their car insurance and could face further increases unless the government takes action to reduce claims costs, the Association of British Insurers (ABI) warned recently.…
Every Volvo vehicle launched from 2019 will have an electric motor, company says
July 7, 2017 by Canadian UnderwriterVolvo Cars announced earlier this week that every Volvo it launches from 2019 will have an electric motor, “marking the historic end of cars that only have an internal combustion engine (ICE) and placing electrification at the core of its…
Canadians evacuated from homes after a wildfire can expect to suffer $11,300 in financial losses: Square One Insurance
July 6, 2017 by Canadian UnderwriterCanadians evacuated from their homes because of wildfires can expect to suffer an average of $11,300 in financial losses, a recent study from Square One Insurance Services Inc. has found. Those with home insurance can recover most, but not all,…
Intact Financial Corporation announces $105 million Cat loss for 2017 Q2
July 6, 2017 by Canadian UnderwriterIntact Financial Corporation’s (IFC) estimated catastrophe losses, net of reinsurance, for 2017 Q2 is about $105 million on a pre-tax basis, reports Canada’s largest provider of property and casualty. On an after-tax basis, the estimated loss amounts to $77 million…
Government of Newfoundland and Labrador conducting comprehensive review of auto insurance system
July 5, 2017 by Canadian UnderwriterThe Government of Newfoundland and Labrador has announced the start of a comprehensive review of the auto insurance system in the province. Perry Trimper, Minister of Service NL, announced the review in a statement on Tuesday. As part of the…