Legal / Regulation
Public Safety Canada (PSC) has launched a public consultation on the “evolving cybersecurity landscape.” On Tuesday, the federal government launched the Consultation on Cyber Security to help identify gaps and opportunities, bring forward new ideas to shape Canada’s renewed approach to cybersecurity and capitalize on the advantages of new technology and the digital economy, PSC […]
By Canadian Underwriter | August 16, 2016
2 min read
The global cybersecurity market is set to grow from US$122.45 billion in 2016 to US$202.36 billion by 2021 at a compound annual growth rate (CAGR) of 10.6%, according to a recent report from Research and Markets. The Cyber Security Market – Global Forecast to 2021 report from the Dublin, Ireland-based global market research store reveals […]
By Canadian Underwriter | August 10, 2016
HR
Mutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on Tuesday, Mutual insurance in the 21st century: back to the future? also found that the […]
By Canadian Underwriter | August 2, 2016
5 min read
The June referendum in favour of the United Kingdom leaving the European Union is creating volatility and uncertainty for some Canadian risk managers, some experts say. This may be especially true for organizations looking to expand into Europe or whose directors and officers could face liability risk arising from a drop in share price.
By Greg Meckbach, Associate Editor | August 2, 2016
6 min read
Nine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey of 300 managerial executives across 86 companies in the consumer goods industry. Ten per cent […]
By Canadian Underwriter | July 14, 2016
The government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing the private insurance system, Alberta Treasury Board and Finance said in a media release. The […]
By Canadian Underwriter | July 12, 2016
1 min read
The Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to all drivers and passengers who participate in ridesharing with Uber in the province. “Every ridesharing […]
By Canadian Underwriter | July 8, 2016
3 min read
Aviva Canada and Pembridge Insurance have become the latest insurance companies to offer personal coverage for ridesharing drivers in Alberta. On Tuesday, the government of Alberta announced a new insurance policy for transportation network companies (TNCs) licensed in the province. The new policy, called Alberta Standard Automobile Form – Transportation Network S.P.F. No. 9 (SPF […]
By Canadian Underwriter | July 2, 2016
4 min read
The December 31, 2015 deadline and the six-month extension for the federal government to provide war risk indemnity under the Aviation War Risk Liability Program, meant to provide war risk indemnity to the Canadian air industry, has passed. All Canadian air carriers and aircraft operators need to obtain war risk coverage on the commercial insurance market if required under leases and/or financing documents.
By Lisha Li, Associate, Blake, Cassels & Graydon LLP | July 1, 2016
The Ontario Trucking Association (OTA) has welcomed the announcement by transportation minister Steven Del Duca that mandatory, entry-level training will be adopted for new tractor-trailer drivers. Del Duca said Wednesday all new commercial Class A truck drivers will need to successfully complete mandatory, entry-level training through an approved training provider before attempting the Class A […]
By Canadian Underwriter | June 29, 2016
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