Industry
HALIFAX – Nova Scotia’s Transportation Department says it has received assurances from Transport Canada that an appropriate inspection process is in place for a rail line through the province’s northeast and Cape Breton. Last month, Transportation Minister Geoff MacLellan said he wanted to seek those assurances in light of a report that found 18 key […]
By The Canadian Press | September 16, 2014
1 min read
WINNIPEG – Defending against a cyber attack is very difficult and companies need to come up with a plan as to how to handle such an attack, suggests Zurich Insurance Group Ltd.’s chief executive officer of general insurance, Michael Kerner. “Companies need to be doing a lot of work to make sure that they have […]
By Canadian Underwriter | September 15, 2014
3 min read
Insurer belairdirect has launched a new mobile app aimed at curbing distracted driving. Launched as part of the “Seriously…Just Drive” awareness campaign, the “bumpr” app automatically senses and responds to incoming calls and text messages when a vehicle is moving, according to belairdirect. The app, free for Canadian drivers, is available for Android smartphones. Drivers […]
2 min read
Aviva Canada has launched a new privacy breach package, including insurance coverage and risk management offerings to Canadian businesses. Launched in partnership with data risk management service provider IDT911, the package includes breach counselling, crisis management, notification assistance, legal support and optional services available directly from IDT911. Aviva’s liability coverage reimburses business owners for legal […]
TORONTO – The unprecedented spread of the Ebola virus in West Africa may be pushing the world toward a viral disaster, a commentary published in Friday’s New York Times suggests. The article reveals that experts are worried ongoing transmission of the virus through people runs the risk of giving rise to mutations that might allow […]
By Canadian Underwriter | September 12, 2014
6 min read
Drivers in Detroit pay 165% more than the United States average in insurance premiums, due in part to the state of Michigan’s unlimited personal injury protection, says Bankrate Inc.’s insuranceQuotes.com service. Last month, Quadrant Information Service conducted a study — commissioned by insuranceQuotes.com, on the average cost of auto insurance premiums in the 25 largest […]
Cyber insurance, trade barriers and the Scottish independence referendum scheduled Sept. 18 were among the concerns recently cited by John Nelson, Chairman of Lloyd’s, during a dinner speech. “One of the industry’s great challenges at the moment is to find ways to take on new and emerging risks such as cyber-crime, reputational damage, supply chain […]
EDMONTON — A City of Edmonton report shows Alberta’s capital is facing a reality confronting many other Canadian cities — aging sewer systems that can’t handle more turbulent storms resulting from climate change. Figures compiled in the report to be studied next week show $2.4 billion will be needed to upgrade sewers in 150 older […]
A British Columbia court dismissed this week a civil claim against eight commercial property insurers by a policyholder that sought coverage for pollution cleanup arising from a fire. In July, 2010 a fire damaged The Stewart Centre commercial complex in Kelowna. The owner and property policyholder was Whitworth Holdings Ltd. One tenant, Univar Canada Ltd., […]
WASHINGTON – The United States Office of Personnel Management plans to terminate its massive contracts with U.S. Investigations Services LLC (USIS), the major security clearance contractor that was targeted last month by a cyber attack, agency, congressional and company officials said Tuesday. The computer network intrusion compromised the personal files of as many as 25,000 […]
4 min read
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