Calgary city council approves bylaw amendments on Transportation Network Companies
February 24, 2016 by Canadian UnderwriterCalgary city council has approved bylaw amendments that would allow Transportation Network Companies (TNCs), such as Uber and Lyft, to operate in the city. The amended bylaw, approved on Monday, creates the “foundation for a robust network that supports transportation…
Surveyed Canadian insurers say good customer relationships key: report
February 24, 2016 by Canadian UnderwriterFour of 10 polled Canadian insurers recently reported that building good customer relationships is integral to their businesses, a view mirrored in a new FC Business Intelligence report that suggests analytics will be key to driving customer engagement in insurance…
Ontario partners with Airbnb on new pilot project related to legal rights and responsibilities
February 19, 2016 by Canadian UnderwriterOntario’s Ministry of Finance announced on Friday that the province is partnering with Airbnb to launch a new pilot project to raise awareness about homeowners’ and consumers’ rights and legal responsibilities. San Francisco-based Airbnb is a “community marketplace” for people…
U.S. cargo thefts in 2015 drop 6% in volume and 21% in value compared to 2014: FreightWatch International
February 16, 2016 by Canadian UnderwriterFreightWatch International (FWI) recorded 754 cargo thefts throughout the United States in 2015, representing a 6% drop in volume and a 21% decrease in value when compared to 2014. There were 204 thefts in Q1, 187 in Q2, 174 in…
App aims to create “worldwide seismic detection network”
February 12, 2016 by Canadian UnderwriterScientists at the University of California (UC) Berkeley released on Friday a free Android app that taps into a smartphone’s ability to record ground shaking from an earthquake, with the goal of “creating a worldwide seismic detection network that could…
North American energy ministers sign MOU on climate change and energy collaboration
February 12, 2016 by Canadian UnderwriterEnergy leaders from Canada, Mexico and the United States have signed a memorandum of understanding (MOU) on climate change and energy collaboration following the North American Energy Ministers Meeting on Friday. The North American Cooperation on Energy Information (NACEI) MOU…
Intact Financial Corporation’s net income down in both 2015 Q4 and full year, but outlook positive
February 10, 2016 by Canadian UnderwriterIntact Financial Corporation reports that its net income for the 2015 Q4 fell 3% to $198 million compared to 2014 Q4, while full-year net income decreased 10% year-over-year. Figures released Tuesday by the company indicate net income for the fourth…
XL Group combined ratio up nearly 8 points in Q4 2015 to 92.3% from 84.5% in Q4 2014
February 8, 2016 by Canadian UnderwriterDublin, Ireland-based XL Group plc has reported a P&C combined ratio of 92.3% for the fourth quarter of 2015 ending Dec. 31, up from 84.5% in the prior year quarter, and a full-year 2015 P&C combined ratio of 92%, compared…
App to help customers have quicker environmental spill emergency response: Zurich
February 8, 2016 by Canadian UnderwriterZurich has released a mobile app – designed for qualified customers throughout North America in industries that deal with hazardous materials – meant to help them speed up response to spills requiring emergency environmental clean-up. The Zurich Environmental Emergency Response…
RMS releases new Cyber Accumulation Management System
February 3, 2016 by Canadian UnderwriterRisk Management Solutions Inc. (RMS) announced on Tuesday that it has released its Cyber Accumulation Management System, which includes a new software system and framework for cyber exposure reporting, in addition to a suite of cyber catastrophe scenarios for loss…
Federal, provincial and territorial governments working towards pan-Canadian framework to address climate change
February 1, 2016 by Canadian UnderwriterCanada’s federal, provincial and territorial ministers of the environment came together for the first time ever to work towards the establishment of a pan Canadian framework to address climate change and grow the economy, the federal Ministry of Environment and…
Change of Tack
February 1, 2016 Jeff Purdy, Senior Vice President of International Operations, Applied SystemsManaging technology change demands considering the who, what, when and why. But the benefits of a modern, scalable platform that can change with both staff and client needs outweigh the challenges of change.