MONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model year, 3.5 per cent of all auto sales in the province will have to be […]
By Jason Contant | January 24, 2017
3 min read
LexisNexis Risk Solutions has advanced its proprietary technology for insurance telematics programs in the U.S. to ensure the policyholder and driver are the same, contributing to a true picture of driver behaviour and improving consumer experience. “Up until now, U.S. insurers offering usage-based insurance (UBI) policies needed to trust that the policyholder was the person […]
By Canadian Underwriter | January 24, 2017
2 min read
KTX Insurance Brokers Ltd. is looking to respond to consumer demand to interact online with the launch of a new mobile app that allows policyholders to access both advice from licensed brokers and self-serve their insurance policies online. Through the mobile app for iOS and Android, brokerage clients will be able to manage their insurance […]
By Canadian Underwriter | January 24, 2017
2 min read
The U.S. Department of Transportation (DOT) has announced that it has designated 10 “proving ground” pilot sites to encourage testing and information sharing related to automated vehicle technologies. Former U.S. Transportation Secretary Anthony Foxx announced the designations last week before Donald Trump became the president of the United States on Jan. 20. The DOT said […]
By Canadian Underwriter | January 23, 2017
2 min read
Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of OMERS Administration Corporation. “If rule-making authority is not part of the new FSRA, then it […]
By Angela Stelmakowich | January 20, 2017
4 min read
A wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a panel discussion in downtown Toronto. Ots’s recommendation is to take a page from the books […]
By Angela Stelmakowich | January 19, 2017
4 min read
The Transportation Safety Board of Canada reiterated Tuesday its recommendation from October, 2016 that Transport Canada establish “rigorous crash survivability requirements” for aircraft emergency locator transmitters. TSB released Jan. 17 an investigation report into a fatal helicopter crash that occurred in September, 2015. A Robinson R44 had been performing spraying operations for a timber firm. […]
By Canadian Underwriter | January 18, 2017
5 min read
Equipment failure, cyberattacks and natural disasters have negatively affected operations at companies based in the United States over the past five years, according to a new FM Global-commissioned study on operational risks. The study, titled Finance’s Role in Operational Risk Management: CFO Research on Building a Resilient Company and released on Wednesday, was commissioned by […]
By Canadian Underwriter | January 18, 2017
2 min read
Security operations centres (SOCs) south of the border are falling below target maturity levels, leaving 82% of reviewed organizations vulnerable to cyber security attacks, Hewlett Packard Enterprise (HPE) concludes in a new white paper issued Tuesday. The finding is worrisome since an SOC serves as the foundation for how organizations protect their most sensitive assets, […]
By Canadian Underwriter | January 18, 2017
5 min read
Consumers around the world remain skeptical about the safety of fully autonomous vehicles and hold widely divergent views on who they trust to bring autonomous vehicles to market, according to a new study from Deloitte. The study, What’s ahead for fully autonomous driving: Consumer opinions on advanced vehicle technology, was released by the audit, consulting, […]
By Canadian Underwriter | January 18, 2017
6 min read