Legal / Regulation
The industry and regulators need to “think very broadly” around the cyber security of autonomous vehicles, and having autonomous cars operate in such a way that human drivers must be ready to take control can actually increase the risk of collision, experts warned a House of Representatives committee Tuesday. “Transportation is one of the areas […]
By Canadian Underwriter | February 14, 2017
4 min read
HR
Nearly one in four chief executive officers surveyed by PriceWaterhouseCoopers “strongly agree” that how their firms manage people’s data will “differentiate” their companies. “CEOs are particularly anxious that breaches in data security and ethics, and IT outages and disruptions could impair public trust in their industry,” PwC said of the findings from its 20th CEO […]
By Canadian Underwriter | February 13, 2017
2 min read
Production of drones for personal and commercial use is growing rapidly, with global market revenue expected to increase 34% to reach more than US$6 billion in 2017 and more than US$11.2 billion by 2020, according to a new forecast from Gartner, Inc. Gartner, an information technology research and advisory company based in Stamford, Conn., added […]
3 min read
LOS ANGELES – Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public Wednesday by California transportation regulators. The data reflect safety-related incidents reported by 11 companies that have been testing more than 100 vehicles on public roads, primarily in […]
By Jason Contant | February 2, 2017
The Canadian collision industry will be “ripped apart beyond belief” in a decade by several disruptors, including connected autonomous vehicles and ridesharing, a speaker suggested Friday at the Canadian Collision Industry Forum (CCIF) meeting in Vaughan, Ont. Andrew King, managing partner at Desrosiers Automotive Consultants Inc., discussed “soft” and “hard” disruptors during a session titled […]
By Jason Contant | January 27, 2017
MONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model year, 3.5 per cent of all auto sales in the province will have to be […]
By Jason Contant | January 24, 2017
Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of OMERS Administration Corporation. “If rule-making authority is not part of the new FSRA, then it […]
By Angela Stelmakowich | January 20, 2017
A wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a panel discussion in downtown Toronto. Ots’s recommendation is to take a page from the books […]
By Angela Stelmakowich | January 19, 2017
WASHINGTON – All new cars and light trucks would be able to talk wirelessly with each other, with traffic lights and with other roadway infrastructure under a proposal released Tuesday by the Department of Transportation. Officials say the technology holds the potential to dramatically reduce traffic deaths and transform driving. Vehicle-to-vehicle communications, or V2V, enables […]
By Jason Contant | December 13, 2016
The insurance industry as a whole needs to focus more on long-term issues, Neville Henderson, the assistant superintendent of the insurance supervision sector of the Office of the Superintendent of Financial Institutions (OSFI), suggested on Wednesday. Speaking at KPMG’s 25th Annual Insurance Conference at the Metro Toronto Convention Centre, Henderson told attendees that the industry […]
By Jason Contant | December 9, 2016
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