Tech
Chubb has announced a partnership with identity management and data theft service experts CyberScout to offer a fully complimentary array of identity management services to all Masterpiece homeowners in Canada. Chubb said in a press release that Cyberscout services provide Chubb Masterpiece customers with help in three areas: identity theft recovery, defence and education. “Chubb […]
By Canadian Underwriter | March 28, 2017
2 min read
NEW YORK – Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but they resumed operating earlier on Monday. The difference between the California program versus the ones […]
By Jason Contant | March 27, 2017
The Toronto Transit Commission (TTC) is recommending to its board that staff continue to monitor the technological and legislative progress of automated vehicles (AVs) and report back with a recommendation for potential future use of AVs at the transit agency. In a staff report earlier this week to the TTC board from the chief executive […]
By Canadian Underwriter | March 24, 2017
3 min read
Organizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member of RIMS External Affairs Committee and senior vice president, chief compliance and risk officer at […]
The federal government is proposing to spend $125 million on a “strategy” for artificial intelligence, to be administered by the Canadian Institute for Advanced Research (CIFAR). “From smartphone applications that can understand human speech to self-driving cars, artificial intelligence is changing the way that people interact with each other and our world,” the ruling Liberals […]
Internal audit departments are starting to embrace data analytics, but many have far to go to achieve their full potential, according to a survey from global consulting firm Protiviti. The Embracing Analytics in Auditing report, released on Monday, involved the participation of more than 900 internal audit professionals to assess data analytics capabilities and practices […]
By Canadian Underwriter | March 22, 2017
Checking wait times at driver licensing offices or the status of a claim from the Insurance Corporation of British Columbia (ICBC) can now be done online thanks to new service enhancements. ICBC said in a press release on Wednesday that customers can now look at current wait times at 14 of ICBC’s highest-volume driver licensing […]
While some insurance carriers continue to favour traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to “touchless claims,” according to a new report from LexisNexis Risk Solutions. The Future of Claims 2017 – The “Touchless” Claim study, released […]
Legal / Regulation
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
Desjardins General Insurance Group has announced the cross-country availability of a new home insurance program designed to keep policyholders informed of potential leak sources so that action can be taken and water-related damage prevented. Water damage accounts for more than 50% of home insurance claims, Quebec-based DGIG reports in a statement Tuesday. By acting quickly […]
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