Industry
Despite not having all the answers on climate change, there is a pressing need to take action, Steve Williams, president and CEO of Suncor Energy, said in his keynote address at a panel discussion about the future of Alberta’s climate policy in Calgary on Friday. In the panel discussion, In This Together: Carbon Pricing and […]
By Canadian Underwriter | May 22, 2015
2 min read
Canadian organizations currently have it “fairly easy” with respect to cyber security regulatory requirements, but should expect that at least some of the changes now unfolding elsewhere will eventually become part of this country’s landscape, it was suggested during the ARC Group Canada Spring Seminar 2015 in downtown Toronto Thursday. “I think, in the nicest […]
5 min read
DETROIT – Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster. On Tuesday, Takata doubled the size of its recall to 33.8 million air bags, making it the largest recall in U.S. history. The air bags can inflate […]
By Canadian Underwriter | May 21, 2015
3 min read
HALIFAX – Lawyers for one of the class-action lawsuits filed on behalf of people involved in a plane crash at Halifax’s airport in March held a meeting for passengers Wednesday to explain why they may wish to sign on to the legal case. Ray Wagner, lead partner in his Halifax-based firm, and Joe Fiorante of […]
Xchanging plc announced Wednesday a third-party administrator service, Xcelsia Claims, which is partnering with Pickering, Ont.-based ProFormance Group Insurance Solutions Inc. London-based Xchanging’s products include the Xuber insurance software. In addition to claims adjusting, Xcelsia Claims will provide “lineage reconciliation for the Canadian market,” Xchanging stated in a release. Xcelsia Claims will also provide “a […]
1 min read
Carriers looking to grow their books are expanding channels, adding distributors, moving into new territories and working to optimize their existing distribution channels to improve customer acquisition and retention, notes a new report issued this week by Celent. While approaches may differ among carriers taking part in a recent Celent survey, most respondents consider distribution […]
Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, said on Wednesday that law enforcement officers issued a total of 2,195 tickets during the month of April, including 1,720 for speeding/aggressive driving and 12 tickets related to vulnerable road users. April’s traffic safety focus was vulnerable road users – the actions of pedestrians, bicyclists […]
By Canadian Underwriter | May 20, 2015
While parts of Eastern Canada had a cooler than normal April this year, last month was the fourth-warmest April in 136 years worldwide, the United States National Oceanic and Atmospheric Administration (NOAA) suggested in a recent report. In its state of the climate report on temperature anomalies, NOAA noted that the northern hemisphere had the […]
In what’s being called the “largest and most complex product recalls” in United States history, Takata Corporation, a Tokyo, Japan-based supplier of automotive safety systems, has announced the recall of nearly 34 million defective air bag inflators. U.S. Transportation Secretary Anthony Foxx announced the recall on Tuesday, saying that “at the [Department of Transportation’s (DOT)] […]
U.S. Sen. Bill Nelson (D-Fla.) filed legislation on Monday to replace the cap on damages for passenger rail liability following last week’s Amtrak derailment, which claimed the lives of at least eight people and injured more than 200 people. Nelson’s bill would replace an “outdated cap” on damages for passenger rail liability following such an […]
By Canadian Underwriter | May 19, 2015
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