Tech

How Canada’s data breach reporting law can help brokers sell cyber based on facts, not fear

Canada’s forthcoming implementation of mandatory data breach reporting may create an opportunity for the country’s commercial brokers to have conversations with their clients about cyber insurance risk based on concrete data instead of fear, a Marsh Canada broker says. Improved cyber risk data arising from breach reporting would give Canadian brokers “the ability to frame […]

By David Gambrill | March 22, 2018

2 min read

Tech

Mobile app offers an ounce of prevention to P&C insurance consumers

As Canada’s wireless providers prepare to provide mandatory smartphone alerts for natural disasters and other emergencies, Desjardins General Insurance Group (DGIG) will soon allow its customers access to a severe weather alert system through mobile apps. This week, the Canadian Press reported that Canada’s wireless providers are preparing for an update to the national public […]

By Jason Contant | March 22, 2018

2 min read

Tech

Deadly crash raises questions about Uber self-driving system

TEMPE, Ariz. – Video of a deadly self-driving vehicle crash in suburban Phoenix shows a pedestrian walking from a darkened area onto a street just moments before an Uber SUV strikes her. The lights on the SUV didn’t illuminate 49-year-old Elaine Herzberg on Sunday night until a second or two before impact, raising questions about […]

By Jason Contant | March 22, 2018

4 min read

Tech

All Canadians to get emergency alerts on their phones soon

TORONTO – Canada’s wireless providers are preparing for a looming update to the National Public Alerting System that will force smartphones to sound an ominous alarm when an emergency alert is triggered. In case of emergencies including Amber Alerts, forest fires, natural disasters, terrorist attacks or severe weather, officials will be able to send a […]

By Jason Contant | March 21, 2018

3 min read

Uber suspends testing of automated cars after pedestrian killed

Uber has suspended all testing of its self-driving cars after an Uber car in autonomous mode reportedly struck and killed a woman in Phoenix, Arizona. Uber suspended its testing of autonomous vehicles in Toronto, Phoenix, Pittsburgh and Arizona after a woman in Phoenix was struck and killed late Sunday or early Monday morning. Citing police […]

3 min read

The Proof is in The Digital Wallet

An industry-wide solution for electronic delivery of insurance policy documents, including proof of auto insurance insurance (eSlips), has arrived in Canada. The Centre for Study of Insurance Operations (CSIO) in February launched My Proof of Insurance, an industry solution enabling eDelivery of insurance documents for personal and commercial lines — including pr oof of auto […]

March 16, 2018

2 min read

Who’s afraid of blockchain?

As blockchain-related businesses flourish, they are finding a lukewarm reception in the insurance market. Regardless of the company’s coverage needs, most traditional insurers are reluctant to release capacity and often decline to offer any level of coverage. Let’s look at current challenges facing blockchain-related businesses in procuring insurance, providing a guideline to improve the chance […]

March 14, 2018

2 min read

Emergency $102B stash for feds could mitigate cyber attack risk

OTTAWA – The federal government committed hundreds of millions of dollars in its recent budget to help reinforce Canada’s cyber defences _ but if the effort fails to prevent a major attack, Ottawa can always turn to its little-known $102-billion emergency stash. The rainy day fund of highly liquid assets is available to keep the […]

3 min read

B.C. to upgrade red light cameras to catch speeders at crash-prone intersections

VICTORIA – Red light cameras are being upgraded around British Columbia to help identify vehicles speeding through intersections. The provincial government says the new technology will be installed on cameras at intersections where there are a high number of speed-related crashes. Officials will analyze data from crash-prone intersections to decide which cameras will be upgraded […]

2 min read