Claims
A number of factors, including click-and-collect fraud, have been identified as contributing to Juniper Research’s forecast that retailers stand to lose US$71 billion globally from fraudulent card-not-present (CNP) transactions over the next five years. Part of a new research issued Tuesday, the estimate points to factors such as the U.S. shift to EMV (Europay, MasterCard […]
By Canadian Underwriter | June 21, 2017
2 min read
OTTAWA – Canada’s electronic spy agency issued a stark warning Friday that online attempts to influence or undermine the country’s electoral process are on the increase – and steps must be taken to counter the efforts. Foreign Affairs Minister Chrystia Freeland calls it a serious threat to Canadian democracy – one the government, the public […]
By Jason Contant | June 21, 2017
4 min read
DETROIT – A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and lawyers suing the company. Takata Corp. and its U.S. operations are likely to seek bankruptcy […]
By Jason Contant | June 20, 2017
Marsh Canada Ltd. was not contributorily negligent after a fire claim filed by a Halifax pub owner was denied by its Lloyd’s insurers because the property was neither sprinklered nor made of masonry, contrary to a statement on the insured’s application form, the Nova Scotia Court of Appeal recently ruled. In a decision released June […]
By Canadian Underwriter | June 20, 2017
5 min read
Greenhouse gas (GHG) emissions in New Brunswick are not projected to decline much further under the status quo, and meeting 2030 and 2050 targets will require “significant action” from provincial and federal initiatives, the Auditor General of New Brunswick said in her 2017 general report. Auditor General Kim MacPherson tabled her report assessing the province’s […]
3 min read
One in five fatal road crashes in Ontario between 2012 and 2016 involved a transport truck, the Ontario Provincial Police (OPP) reported late last week. Among the 1,342 fatal motor vehicle collisions on OPP-patrolled roads between 2012 and 2016, 266 involved transport trucks, provincial police said in a press release. During that same five-year period, […]
Canada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday, the 2017 Cost of Data Breach Study: Canada report found that Canada was also the […]
CALGARY – Oilsands producers could face steep fines and suspended projects if industry comes close to hitting a mandated 100-megatonne limit under recommendations proposed by Alberta’s Oil Sands Advisory Group. But the non-binding report sets out a series of policies options to help avoid reaching that point, including requiring the use of better technology, setting […]
By Jason Contant | June 19, 2017
HIGH RIVER, Alta. – Even as High River finishes rebuilding, an abandoned neighbourhood full of million-dollar homes is a stark reminder of devastating flooding four years ago. Floods in parts of southern Alberta in June 2013 caused billions of dollars in damage. In High River, one of the hardest-hit communities, entire neighbourhoods stood under water […]
The two cyclones that pounded New Zealand in April have spurred insured costs of NZ$84 million to date, setting the stage for what could become one of the most damaging year in recent years and leading to wrong-headed government actions to increase the cost of insurance, argues the Insurance Council of New Zealand (ICNZ). Provisional […]
By Canadian Underwriter | June 19, 2017
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