Economic growth blows past expectations in May, powered by energy industry
July 28, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product…
CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims
July 13, 2017 by Canadian UnderwriterCRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more…
State of emergency continues as wildfires affect interior B.C.
July 13, 2017 by Canadian UnderwriterMining and wood products are among the industries affected by wildfires in British Columbia’s interior, where a state of emergency is in place. Imperial Metals Corp. announced Wednesday that an open pit copper/gold mine 56 kilometres northeast of Williams Lake…
Half of surveyed CEOs plan to adopt cognitive computing by 2019: IBM study
July 11, 2017 by Canadian UnderwriterHalf of surveyed chief executive officers across the globe plan to adopt cognitive computing by 2019, according to a recent study conducted by the IBM Institute for Business Value (IBM IBV). The study, titled Accelerating enterprise reinvention: how to build…
Loader truck operator who tested positive for cocaine not fired due to addiction: Supreme Court of Canada
June 16, 2017 by Canadian UnderwriterA coal mining company that fired an employee who tested positive for cocaine after an accident did not violate the Alberta Human Rights Act, the Supreme Court of Canada ruled in a divided decision released Thursday. Court records indicate that…
FIN10 intrusion operations predominately targeting Canadian organizations: FireEye
June 16, 2017 by Canadian UnderwriterFireEye, Inc. has observed an actor carrying out financially motivated intrusion operations – targeting organizations in North America, but predominately in Canada – that may require a different type of response, the company suggests in a new report. Believed to…
Larger liability claims expected to become more expensive, complex: AGCS
March 30, 2017 by Canadian UnderwriterThere 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,…
Supply line leak led to fire at Alberta oilsands facility, Syncrude says
March 16, 2017 Dan Healing - THE CANADIAN PRESSFORT MCMURRAY, Alta. – A fire that broke out at a Syncrude oilsands site in northern Alberta was the result of a supply line that broke and leaked light oil, a company spokesman said Wednesday. Crews were allowing the blaze…
Location, Inc. launches predictive crime analytics for Canadian market
March 3, 2017 by Canadian UnderwriterA Worchester, Mass.-based location-based data provider has launched “the highest resolution crime analytics available in Canada,” providing exclusive United States-Canadian total, violent and property crime comparisons. Dr. Andrew Schiller, CEO and founder of Location, Inc. said in a press release…
Disruption becoming more of a motivator for cyber attacks: ICRMC panel
March 2, 2017 by Angela StelmakowichThe motivation and rationale behind certain cyber attacks seems to be undergoing a transition, with some actors looking to inflict the most disruption possible on a target entity simply for the “fun” of it, it was suggested Thursday during the…
Hacking of driverless cars a concern for mining industry: Deloitte
February 10, 2017 by Canadian UnderwriterThe exploration plans of Canadian mining firms are among the “prime” targets for hackers, while autonomous vehicles used by miners could be influenced by computer viruses, Deloitte Touche Tohmatsu Ltd. warned in a recent report. “Malicious viruses, like Stuxnet, explicitly…
Ontario launches consultations to cut red tape in financial services sector
December 1, 2016 by Canadian UnderwriterThe province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be…