One in two fraud mitigation professionals ‘highly concerned’ with identify theft: LexisNexis
July 6, 2016 by Canadian UnderwriterOne in three fraud mitigation professionals who were not using either external data or analytics-based products for fraud detection and mitigation cited lack of budget as a reason why, LexisNexis Risk Solutions suggested in a report released Wednesday. LexisNexis Risk…
Tesla driver killed in crash while using car’s ‘Autopilot’
July 1, 2016 By Joan Lowy and Tom Krisher - THE ASSOCIATED PRESSWASHINGTON – The U.S. announced Thursday the first fatality in a wreck involving a car in self-driving mode, the 40-year-old owner of a technology company who nicknamed his vehicle “Tessy” and had praised its sophisticated “Autopilot” system just one month…
Enterprises struggling to manage big data flows: global survey
June 23, 2016 by Canadian UnderwriterBig data is proving to be bad data for some surveyed enterprises, with almost nine in 10 reporting they believe they are flowing bad data into their data stores, note results of a global survey issued Wednesday by StreamSets. The…
Data breaches detection, escalation costs highest in Canada: global IBM/Ponemon report
June 16, 2016 by Canadian UnderwriterDetection and escalation costs related to data breaches were the highest in Canada and lowest in India, note findings of a new global survey released Wednesday. “The average detection and escalation costs for Canada was US$1.60. In contrast, the average…
Only 10% of Ontario drivers report being “very knowledgeable” about elements of a standard auto insurance policy: FSCO-commissioned survey
June 15, 2016 by Canadian UnderwriterOnly 10% of Ontario’s nearly 10 million drivers report that they are “very knowledgeable” about the elements in a standard auto insurance policy, according to a recent survey commissioned by the Financial Services Commission of Ontario (FSCO). The survey, released…
Businesses wait for damaging cyberattacks before taking action: study
June 8, 2016 by Canadian UnderwriterTwo-thirds of respondents to a global study commissioned by technology and innovation company Raytheon have indicated that not until there is a “significant data loss” from an IT security breach are their organizations motivated to engage a vendor. Don’t Wait:…
Automated vehicle technology likely to eventually be mandatory: seminar speaker
June 3, 2016 by Angela StelmakowichLife-saving automated vehicle technology – some of which is now available and will certainly be part of semi-autonomous and autonomous vehicles – will likely become required in the future, Kate Browne, senior vice president and claims counsel for Swiss Re,…
Cyberattacks against critical infrastructure, manufacturers likely to target industrial control systems to manipulate operations: AGCS
June 1, 2016 by Canadian UnderwriterRather than stealing data, cyberattacks against critical infrastructure and manufacturers are more likely to target industrial control systems (ICS) to manipulate or shut down operations, Allianz Global Corporate & Specialty (AGCS) said on Wednesday. As energy, transportation or telecommunication companies,…
Human error seen as leading cause of information security breaches for small businesses: Canadian survey
May 31, 2016 by Canadian UnderwriterNot enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian…
XL Catlin adds rectification expense cover to contractor’s professional and pollution legal liability insurance
May 30, 2016 by Canadian UnderwriterContractors and environmental consultants in Canada and the United States now have access to enhanced protection under XL Catlin’s contractor’s professional and pollution legal liability insurance with the addition of rectification expense coverage. Standard professional liability coverage addresses third-party claims…
In first-of-its kind collaboration, Google to integrate self-driving technology into 2017 Chrysler minivan
May 6, 2016 by Canadian UnderwriterFor the first time, Google has announced that it will work directly with an automaker to integrate its self-driving system, including sensors and software, into a passenger vehicle. Earlier this week, Google said that it will integrate its self-driving technology…
Supreme Court of Canada will not hear appeal of disputed $15-million D&O liability claim from Onex
April 18, 2016 by Canadian UnderwriterFor the second time in 18 months, the Supreme Court of Canada has declined to hear an appeal of a verdict of an Ontario lawsuit arising from a disputed US$15-million directors’ and officers’ liability claim arising from an unjust enrichment…