Risk
Drivers can take up almost 26 seconds to resume control from an autonomous vehicle, a new study from a university in United Kingdom has found. University of Southampton engineers Professor Neville Stanton and Alexander Eriksson found that under non-critical conditions, drivers needed between 1.9 and 25.7 seconds to take control from automation, the university said […]
By Canadian Underwriter | January 26, 2017
3 min read
Chubb Ltd. is advising supermarket operators in the United States who sell alcohol to consider limiting the amount of alcohol a customer can buy and to watch parking lots to ensure customers are not drinking. In a report released Monday, Chubb also suggests that American supermarket operators with vehicle fleets should randomly test their drivers […]
By Canadian Underwriter | January 24, 2017
4 min read
If fishing vessel operators conduct regular safety meetings, they can review on-board hazards and remind crew of safety precautions, the Transportation Safety Board of Canada suggested in an investigation report released Thursday. TSB – a separate organization from Transport Canada – released Jan. 19 its report into the investigation of a fatal accident on the […]
By Canadian Underwriter | January 20, 2017
AgriInsurance coverage for 2017 is expected to exceed $2.6 billion on 9.6 billion acres in Manitoba, the second-highest level of coverage on record, the governments of Canada and Manitoba said in a statement on Tuesday. AgriInsurance is a federal-provincial producer cost-shared program that stabilizes a producer’s income by minimizing the economic effects of production losses […]
By Canadian Underwriter | January 18, 2017
2 min read
The global economy is projected to post its best performance this year since 2014, while growth in Canada in expected to accelerate over the next two years, according to Scotiabank’s Global Outlook, published on Tuesday. While geopolitical risks abound, recent economic data point to strengthening growth prospects in most areas of the world, Scotiabank said […]
By Canadian Underwriter | January 17, 2017
Two out of three homeowners insurance customers in the United States would be willing to change insurance companies to get policy discounts for using smart home devices, according to new research findings released on Tuesday by NTT DATA. “Our study found that there is a large distinct group of homeowners insurance customers – 64% of […]
Specialist freight transport insurer TT Club has issued specific guidance on packing and securing coiled materials in containers in a bid to prevent the costly and potentially injurious consequences of improperly secured coils. Investigations into incidents along the international supply chain – on roads, rail, inland waterway or at sea – “can often be attributed […]
Manitoba Public Insurance (MPI) reported on Wednesday that it has recorded the deadliest year on provincial highways in a decade. Based on preliminary data, there were 101 fatal collisions on public roadways in Manitoba in 2016, resulting in the deaths of 112 people, MPI said in a press release. These numbers contrast with 69 collisions […]
By Canadian Underwriter | January 12, 2017
Unstable approaches of airplanes before landing at airports was a factor in two investigation reports released this week by the Transportation Safety Board of Canada. TSB – which is independent of Transport Canada – released Tuesday an investigation report into an incident in which a Bombardier DHC-8-400 operated by Sky Regional Airlines touched down at […]
By Canadian Underwriter | January 10, 2017
5 min read
The complexity and speed of change of emerging risk exposures are placing greater attention on the effectiveness of enterprise risk management (ERM) strategies across all industry sectors, according to a newly released report. The report, titled Communicating the Value of Enterprise Risk Management – The Benefits of Developing an Own Risk and Solvency Assessment Report, […]
By Canadian Underwriter | January 9, 2017
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