Legal / Regulation

90% of global consumer product companies have experienced data breach, almost half not complying with regulations: Capgemini report

Nine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey of 300 managerial executives across 86 companies in the consumer goods industry. Ten per cent […]

By Canadian Underwriter | July 14, 2016

2 min read

Alberta government consulting on private auto insurance system

The government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing the private insurance system, Alberta Treasury Board and Finance said in a media release. The […]

By Canadian Underwriter | July 12, 2016

1 min read

Legal / Regulation

Intact’s commercial ridesharing insurance policy gets green light in Ontario

The Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to all drivers and passengers who participate in ridesharing with Uber in the province. “Every ridesharing […]

By Canadian Underwriter | July 8, 2016

3 min read

Legal / Regulation

Aviva Canada, Pembridge Insurance offer personal coverage for ridesharing drivers in Alberta

Aviva Canada and Pembridge Insurance have become the latest insurance companies to offer personal coverage for ridesharing drivers in Alberta. On Tuesday, the government of Alberta announced a new insurance policy for transportation network companies (TNCs) licensed in the province. The new policy, called Alberta Standard Automobile Form – Transportation Network S.P.F. No. 9 (SPF […]

By Canadian Underwriter | July 2, 2016

4 min read

Up in the Air

The December 31, 2015 deadline and the six-month extension for the federal government to provide war risk indemnity under the Aviation War Risk Liability Program, meant to provide war risk indemnity to the Canadian air industry, has passed. All Canadian air carriers and aircraft operators need to obtain war risk coverage on the commercial insurance market if required under leases and/or financing documents.

July 1, 2016

4 min read

Road safety at heart of Ontario move to introduce mandatory, entry-level Training for Class A Truck Drivers

The Ontario Trucking Association (OTA) has welcomed the announcement by transportation minister Steven Del Duca that mandatory, entry-level training will be adopted for new tractor-trailer drivers. Del Duca said Wednesday all new commercial Class A truck drivers will need to successfully complete mandatory, entry-level training through an approved training provider before attempting the Class A […]

3 min read

Cyber security enters U.S. manufacturers’ Top 10 risks: BDO

Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in the study – 92% – cited cyber security concerns in their U.S. Securities and Exchange […]

4 min read

U.S. executives struggling to measure and mitigate strategic risks: survey

Nearly two-thirds (64%) of executives in the United States see strategic risk as a “highly significant threat” to their organizations compared to other types of risk – including compliance, operational and financial – according to a new survey from independent audit, tax and advisory firm Grant Thornton LLP. Despite this high level of concern, the […]

3 min read

Quebec’s financial services regulator creates fintech working group

The Autorité des marchés financiers (AMF), Quebec’s financial services regulator, has announced the creation of a financial technology (fintech) working group whose primary mandate is to analyze technological innovations in the sector and anticipate regulatory and consumer protection issues. “The creation of the fintech working group further demonstrates the AMF’s resolve to serve as a […]

2 min read

Autonomous vehicle sales to reach 21 million globally by 2035: IHS Automotive

Global autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced by recent research and development by automotive original equipment manufacturers (OEMs), and supplier and technology […]

4 min read