A new technology that could reduce crash risk
November 12, 2018 by Greg MeckbachCould vehicle collision frequency drop once fifth-generation (5G) cellular wireless technology rolls out in Canada? 5G wireless can allow vehicles talk to each other, said Peter Linder, head of 5G marketing for North America at Telefonaktiebolaget LM Ericsson. “You can…
Navacord continues to expand its construction practice with latest partnership
November 5, 2018 by Jason ContantEffective Nov. 1, commercial brokerage Navacord Corp. continued to expand its construction practice with the addition of Westmount Guarantee Services Inc. as a broker partner. Founded in 2011, Markham, Ont.-based Westmount Guarantee provides Tarion bonds (developers’ surety), condominium deposit insurance…
Two-day hackathon seeks tech solutions to distracted driving, pedestrian safety
November 2, 2018 by Jason ContantDeveloping technology-based solutions to tackle distracted driving, pedestrian safety and house-to-house communication are the goals of an upcoming hackathon hosted by Canada’s second largest insurer and a technology start-up accelerator. Aviva Canada and OneEleven will host the Safer Neighbourhoods Hackathon…
Truly driverless cars now allowed in California
October 31, 2018 Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies. The regulatory approval…
Man sues Tesla over crash during autopilot mode
October 30, 2018 Mike Schneider - THE ASSOCIATED PRESSORLANDO, Fla. – A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday.…
The Power of Broker Specialization
October 27, 2018 by David GambrillThis story is one in a series reporting on the results of 2018 National Broker Survey, conducted by Canadian Underwriter. The survey of more than 800 P&C brokers nationally was designed to identify the success strategies of both producers and principals. Find other instalments in the…
4 ways AI can improve your performance
October 25, 2018 by Jason ContantArtificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,…
Intact-backed insurtech cracks the Fintech100 list
October 23, 2018 by Greg MeckbachA French robo-broker and an auto insurer backed by Canada’s largest property and casualty carrier are among the insurtechs “driving disruption” in financial services, a report released Tuesday suggests. KPMG announced Tuesday the fifth annual Fintech100, a report that highlights…
What small business clients value about cyber insurance
October 21, 2018 by Jason ContantSmall business clients gravitate to cyber insurance not for the insurance, per se, but for the accompanying services following an incident, a cyber underwriter said recently. “If you think about it in the context of car insurance, they’re buying their…
When keeping customer’s car keys is not “custody” of a car
October 21, 2018 by Greg MeckbachNorthbridge has to pay out on a hotel’s liability insurance policy resulting from theft of a guest’s car, the Supreme Court of Canada ruled in a decision released Friday. Lombard, now known as Northbridge, provided both property and liability insurance…
Driver ticketed for smoking pot in car one hour after legalization
October 18, 2018 The Canadian PressWinnipeg police issued a ticket on the first day of cannabis legalization. Police posted a picture of a ticket for consuming cannabis in a motor vehicle on Twitter. The ticket carries a $672 fine. Police say the ticket was issued…
Coroner pushes to bring ignition lock rules for repeat drunk drivers
October 16, 2018 The Canadian PressMONTREAL – A Quebec coroner is recommending the province move quickly to implement a rule that would force repeat drunk drivers to have their vehicles fitted with ignition locks for at least a decade. Andree Kronstrom is urging the province’s…