Legal / Regulation

Canadians want more regulatory review of emerging technologies: Accenture

Canadians prioritize regulatory reviews of drones, autonomous vehicles and online user agreements above those of other emerging technologies, according to new research from global professional services company Accenture. For the research, an Ipsos I-Say panel interviewed a sample of 1,003 Canadians for Accenture to gauge Canadian attitudes on government regulation of emergent technology-enabled products and […]

By Canadian Underwriter | May 25, 2017

3 min read

Legal / Regulation

Child restraint systems in commercial aviation should be mandatory: TSB

The use of child restraint systems should be mandatory on commercial aircraft in Canada, the Transportation Safety Board of Canada reiterated Thursday in a report on an accident that injured 25. No child restraint systems were used (nor were they mandatory) on an Airbus A320 that struck ground March 29, 2015 about 700 feet short […]

By Canadian Underwriter | May 19, 2017

3 min read

Legal / Regulation

WannaCry ransomware attack “arguably the first ever cyber-catastrophe”: RMS cyber expert

The global WannaCry ransomware attack is “arguably the first ever cyber-catastrophe,” an expert in cyber risk management from RMS said on Tuesday. Tom Harvey said in a statement that the cyberattack “clearly demonstrates the systemic nature of the risk, with a single vulnerability resulting in hundreds of thousands of infected machines across over 150 countries.” […]

By Canadian Underwriter | May 16, 2017

3 min read

Legal / Regulation

Global demand for new vehicles to increase 1% to 2% in 2017: Fitch

Global demand for new vehicles will increase 1% to 2% in 2017, according to Fitch Ratings’ latest U.S. Automotive Handbook, published on Wednesday. The handbook noted that growth in China, Europe and Brazil will more than offset demand declines in the United States, Japan and South Korea. In the U.S. specifically, Fitch expects sales to […]

By Canadian Underwriter | May 4, 2017

2 min read

Fintech sector in Canada not reaching full potential: Competition Bureau of Canada

The fintech sector in Canada is not reaching its full potential, in part because of consumer complacency and a lack of trust in new alternatives to the big banks, according to a new summary from the Competition Bureau of Canada. The summary, published on Monday on the Bureau’s fintech portal, follows a workshop in late […]

2 min read

72% of employees willing to share sensitive, confidential or regulated company info: survey

Nearly three in four (72% of) employees across eight countries, including Canada, are willing to share sensitive, confidential or regulated company information, according to a recent survey from computer technology company Dell. Late last week, Dell released the results of its Dell End-User Security Survey, which found that not only are many employees likely to […]

3 min read

Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs

The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017. Kovacs, who is also a research consultant for the Insurance Institute of Canada (IIC) and […]

4 min read

Office of the Privacy Commissioner of Canada to fund project on connected cars code of practice

The Office of the Privacy Commissioner of Canada will soon be funding an arms-length project to develop a code of practice for connected cars, weighing a balance between information flow and privacy protection. “The benefits available to Canadians through the arrival of connected and autonomous cars may be significant,” Privacy Commissioner of Canada Daniel Therrien […]

3 min read

BHSI launches professional liability, network security and privacy policy in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has introduced a product designed to address the needs of a variety of enterprises, from systems integrators to telecommunications providers to IT staffing firms. The Professional First Professional Liability and Network Security & Privacy Policy, introduced on Monday, provides coverage for numerous exposures encompassing: third party exposures resulting from security […]

2 min read

Uber self-driving cars are coming back to California roads

SACRAMENTO, Calif. – Uber’s self-driving cars will return to California’s streets, though the ride-hailing company doesn’t immediately plan to pick up passengers. Uber received a permit Wednesday to test two Volvo SUVs on public roads, the California Department of Motor Vehicles said. Regulators also approved 48 people as backup drivers who must sit behind the […]

By Jason Contant | March 10, 2017

2 min read