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Hub International acquires Ontario brokerage Sarjeant Insurance Brokers, second Canadian acquisition in one day

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited announced on Thursday that it has acquired Barrie, Ont.-based Sarjeant Insurance Brokers Limited. Terms of the acquisitions were not disclosed. Hub has acquired the shares of Sarjeant, which specializes in providing property and casualty

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Hub International acquires New Dimensions Underwriters Ltd.

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty,

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Takata troubles worsen as truck explodes, kills Texas woman

August 30, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Air bag maker Takata Corp.’s troubles worsened Monday as the company confirmed that a truck carrying its inflators and a volatile chemical exploded last week in a Texas border town, killing a woman and injuring four others. The

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Saskatchewan auto waste transfer firm ‘should have been given an opportunity to challenge the validity’ of environmental protection order: Court

August 26, 2016 by Canadian Underwriter

Saskatchewan’s Environmental Management and Protection Act does not provide for an “independent adjudicative tribunal” that could “balance the public interests against individual rights,” a Court of Queen’s Bench judge suggested in a recent decision. The EMPA gives the province the

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Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study

August 23, 2016 by Canadian Underwriter

Fears of further exposure of personal information following a cyberattack would prevent 33% of consumers from shopping at a breached retailer for at least three months, according to a recent survey from KPMG LLP, the audit, tax and advisory firm.

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Toronto freight train derailment on ‘major link’ between Port of Montreal, Central Canada

August 22, 2016 by Canadian Underwriter

A collision between two trains Sunday, about 2 kilometres northwest of the Ontario legislature building, on a freight track serving as a “major link” between Western Canada and the Port of Montreal, is under investigation. The Transportation Safety Board of

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Volvo Cars and Uber join forces to develop autonomous driving cars

August 18, 2016 by Canadian Underwriter

Swedish luxury premium car maker Volvo Cars and ridesharing company Uber have announced that they are joining forces to develop “next generation autonomous driving cars.” The two companies have signed an agreement to establish a joint project that will develop

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Ford plans to have fully autonomous commercial vehicle in ridesharing capacity by 2021

August 17, 2016 by Canadian Underwriter

Ford Motor Company has announced that it intends to have a “high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.” To get there, the Dearborn, Mich.-based company said in a statement

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Toyota recalls 21,722 vehicles in Canada

August 15, 2016 by Canadian Underwriter

Toyota Canada Inc. has announced that it is changing the remedy for 21,722 model year 2006 to 2011 Toyota RAV4 and model year 2010 Lexus HS250h vehicles involved in a 2013 recall. In the earlier action, if the nuts for

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Global spending on 3D printing expected to surpass US$35 billion in 2020: International Data Corporation

August 12, 2016 by Canadian Underwriter

Global revenues for the 3D printing market are expected to reach US$35.4 billion in 2020, over twice the US$15.9 billion forecast for this year, according to a recent update to International Data Corporation’s (IDC) Worldwide Semiannual 3D Printing Spending Guide.

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New vehicle sales in Canada slump in July, marking second monthly drop this year

August 5, 2016 The Canadian Press

RICHMOND HILL, Ont. – The latest DesRosiers Automotive report shows new vehicle sales in Canada saw a 2.6 per cent decline in July compared to the same month last year. The Richmond Hill, Ont.-based market research group says 173,304 vehicles

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Insurance telematics policies in force in North America expected to grow from 6.3 million in Q4 2015 to 42.1 million in 2020: report

June 21, 2016 by Canadian Underwriter

The number of insurance telematics policies in force in North America is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 6.3 million in the fourth quarter of 2015 to 42.1 million in 2020, according to