Legal / Regulation
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
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
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
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
HR
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 […]
By Canadian Underwriter | May 1, 2017
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 […]
By Canadian Underwriter | April 25, 2017
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 […]
By Jason Contant | April 9, 2017
4 min read
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 […]
By Canadian Underwriter | March 30, 2017
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 […]
By Canadian Underwriter | March 21, 2017
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
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