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Many global Internet users unprepared for dealing with ransomware attack, study finds

May 17, 2017 by Canadian Underwriter

As institutions around the world continue to assess the full impact of the recent Wannacry ransomware attack, recent research from Ipsos and the Centre for International Governance Innovation (CIGI) suggests that many global Internet users are “distinctly unprepared” for how

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Lawyer defending accused impaired drivers sought ‘extraordinary remedies’ in alleging bias against two judges in a row: Supreme Court

May 14, 2017 by Canadian Underwriter

A lawyer representing 10 motorists charged with drinking and driving-related criminal offences in Quebec has to pay $3,000 personally in costs after motions for writs of prohibition against judges were dismissed. In a decision released Friday, the Supreme Court of

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Northbridge Financial Corporation purchases surety underwriting business of Fenchurch General Insurance Company

May 10, 2017 by Canadian Underwriter

Toronto-based commercial P&C insurer Northbridge Financial Corporation announced on Tuesday that it will enter the surety market in Canada by purchasing the surety underwriting business of Fenchurch General Insurance Company. Starting June 1, businesses across Canada will have access to

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Investments to fight cyber breaches must include technology, people and risk transfer: WTW cyber head

April 24, 2017 Angela Stelmakowich

PHILADELPHIA – Considering human risk is essential when determining how best to combat data breaches and associated costs, but the human element is routinely overshadowed by technology in organizational efforts to bolster cyber security, says Anthony Dagostino, global head of

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All generations in the United States except Millenials becoming more skeptical of self-driving technology: J.D. Power study

April 19, 2017 by Canadian Underwriter

With 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

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Transportation Safety Board calls for ‘clear standards limiting’ airplane approaches and landings in thunderstorms

April 3, 2017 by Canadian Underwriter

Unless Canadian airports have systems that alert air crew to wind shear, aircraft “may be exposed to the risk of approach-and-landing accidents,” the Transportation Safety Board of Canada warned in a recent investigation report. TSB released Tuesday an investigation report

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Long-term data strategy will allow for making the most of the information: OMIA’s Taylor

March 31, 2017 by Angela Stelmakowich

Mutual insurers need a long-term plan to ensure they meet the twin goals of capitalizing on the opportunities that data offers and continue to staying true to serving customers, the head of the Ontario Mutual Insurance Association (OMIA) suggested Thursday.

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Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

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Six in 10 U.S. drivers think self-driving cars will eliminate problem of distracted driving: poll

March 28, 2017 by Canadian Underwriter

Almost six in 10 drivers in the United States think that self-driving cars will eliminate the problem of distracted driving, according to a new poll conducted on behalf of Erie, Penn.-based Erie Insurance. The online survey by Harris Poll, released

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Square One finds it ‘surprising’ how many renters go without home insurance

March 20, 2017 by Canadian Underwriter

A survey indicates that most renters in Alberta, Ontario and British Columbia have home insurance, Square One Insurance Services Inc. suggested Monday. The Vancouver based firm “recently surveyed over 1,500 renters in British Columbia, Alberta and Ontario.” More than a

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Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year

February 22, 2017 by Canadian Underwriter

New survey findings indicate a disconnect between how many Canadian businesses have experienced fraud in the last year and the high level of confidence among business and C-suite executives regarding their ability to prevent such incidents. Half of the Canadian

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One in four U.S. consumers victim of healthcare data breach: Accenture

February 21, 2017 by Canadian Underwriter

Just over one in four consumers (26%) in the United States have had their personal medical information stolen from technology systems, according to results of a survey from Accenture released on Monday. The findings related to the U.S. portion of