Industry
Cyberattacks, negligent or reckless pilots and privacy breaches are fundamental threats to the drone industry, warns a new report published on Thursday by Lloyd’s, the specialist insurance and reinsurance market. The drones sector is a dynamic and important component of the global aviation industry, with global expenditure on acquisition expected to double to US$91 billion […]
By Canadian Underwriter | August 20, 2015
3 min read
A Conference Board of Canada survey of property and casualty insurance industry stakeholders across the country shows strong employer support for the Chartered Insurance Professional (CIP) designation, with 97% reporting they offer some form of support for staff taking the CIP program. Conference board findings are based on interviews and surveys of more than 1,000 […]
By Canadian Underwriter | August 19, 2015
4 min read
The Travelers Companies Inc. announced Wednesday that Travelers Canada chief executive officer Brigid Murphy is retiring, chief operating officer Duane Sanders is replacing Murphy and Heather Masterson — most recently CEO of Totten Insurance Group Inc. — is replacing Sanders. Masterson will join Travelers Canada Sept. 14, Travelers stated in a press release. Masterson (pictured, […]
2 min read
DETROIT – A June collision between a Volkswagen SUV and a deer in which a side air bag inflated with too much force has triggered a federal investigation and raised questions about the safety of newer air bags made by Takata Corp. of Japan. In the June 7 crash near St. Louis, the left side […]
By Canadian Underwriter | August 18, 2015
The Government of Quebec has released a technical guide on the construction of wooden buildings up to 12 storeys using mass timber. On Monday, the provincial government announced the publication of the French-language guide, entitled Bâtiments de construction massive en bois d’au plus 12 étages (Construction of Mass Timber Buildings up to 12 Storeys), said […]
DETROIT – Most victims of General Motors’ faulty ignition switches have accepted compensation offers from the company. GM’s compensation fund has finished processing all of the claims it received. It determined that the faulty switches caused 124 deaths and 273 injuries, and it has made compensation offers to those victims or their families. Related: General […]
By Canadian Underwriter | August 17, 2015
1 min read
Six in 10 people in Winnipeg familiar with Uber say that they support the idea of the ridesharing company being able to operate in the city, according to a Probe Research Inc. survey released on Saturday. The online survey of 446 Winnipeg-based members of Probe Research’s online proprietary panel found that 78% of adults in […]
SHAWINIGAN, Que. – Quebec Premier Philippe Couillard is showing himself open to legalizing UberX-style means of transportation, despite opposition from the taxi industry. If he moves forward in this direction, Couillard’s Liberals would align themselves with their youth wing, who adopted a resolution Saturday asking Quebec to pass laws regulating the “new practices” stemming from […]
Alberta Environment and Parks is inviting Albertans to go online or attend public sessions to share ideas on how the province can do its part to address the global issue of climate change. “Climate change is a threat we all face, affecting everything from our health, food production, and fresh water, to biodiversity and our […]
By Canadian Underwriter | August 14, 2015
DETROIT – General Motors is recalling 73,424 Chevrolet Cobalt small cars globally because improper wiring could prevent the roof-mounted driver’s side air bag from deploying after a crash. The recall affects Cobalts from the 2010 model year. There are 59,474 in the U.S. and 13,950 in Canada. GM say Thursday improper routing of a sensor […]
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