Industry
The belief that all-season tires are “good enough” is likely behind only 51% of Canadian drivers using winter tires, outside of Quebec where they are mandated, according to a new survey from the Tire and Rubber Association of Canada (TRAC). The poll of about 1,000 Canadians asked whether drivers had used the specialized tires this […]
By Canadian Underwriter | November 19, 2014
2 min read
Cybersecurity and privacy was rated as the “top technology challenge” by respondents to a recent survey, while risks from cloud computing and information technology outsourcing made the top 10, yet most respondents do not update their IT audit risk assessments more frequently than once a year, Protiviti Inc. suggested in a recent report. Menlo Park, […]
3 min read
Allied World North America has launched a new policy that aims to address coverage gaps for directors and officers of publicly-traded companies in the Canadian market. The “Executive ForceField product” is an upgraded Side ‘A’ Directors & Officers Excess and Lead Difference-in-Conditions (DIC) insurance policy, Allied World said. It provides broad ‘Side A’ coverage for non-indemnified […]
1 min read
Using a telematics program has cut collisions involving new drivers by 40% six months after passing their test versus the national average, Ingenie has reported based on an analysis of the drivers using the technology it provides. The United Kingdom-based company says that the crash risk for telematics policyholders six months after passing their driving […]
By Canadian Underwriter | November 18, 2014
WASHINGTON – A U.S. House oversight committee demanded answers Monday about a suspected cyber-attack that has shut down the State Department’s unclassified email system. In a letter to Secretary of State John Kerry, Democratic lawmakers on the House Government Oversight Committee requested details about the data breach – including when it was first discovered. The […]
LexisNexis Risk Solutions has created a new cross-industry network to help provide organizations with resources and intel to combat fraud. The Fraud Defense Network was launched as part of Fraud Awareness Week in the U.S., the data and analytics firm said Monday. The goal of the new network is to share intelligence among various industries, […]
By Canadian Underwriter | November 17, 2014
BRUSSELS, Belgium – Red Cross officials helping to lead the fight against Ebola in West Africa said Monday the virus is still spreading, and they’re having trouble recruiting health care workers to combat it. Antoine Petitbon of the French Red Cross said that it’s easier for him to recruit people to go to Iraq, despite […]
The Centre for Study of Insurance Operations (CSIO) announced Friday that Janet Rodger, vice president of National Operations and PMO at RSA Canada has been appointed to its board of directors. “We are very pleased to welcome Janet to the CSIO board,” Steve Whitelaw, the board’s chairman and vice president of Business Solutions at Travelers Canada, […]
By Canadian Underwriter | November 14, 2014
As technological change sweeps the insurance industry in Canada, companies will have to “become more sophisticated or get out of town,” one CEO says. The force of product sophistication and segmentation in the industry may cause some companies to either go the niche market route or to “opt out” and sell to a company that […]
By Canadian Underwriter | November 13, 2014
Wawanesa Insurance has achieved CSIO Certification for its eDocs solution, the Centre for the Study of Insurance Operations said Thursday. “Wawanesa Insurance is excited to have received certification from CSIO for our eDocs program, which is currently in use in approximately 600 of our brokers’ offices across Canada. We expect more brokers to get on […]
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