Legal / Regulation
Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in the study – 92% – cited cyber security concerns in their U.S. Securities and Exchange […]
By Canadian Underwriter | June 22, 2016
4 min read
Nearly two-thirds (64%) of executives in the United States see strategic risk as a “highly significant threat” to their organizations compared to other types of risk – including compliance, operational and financial – according to a new survey from independent audit, tax and advisory firm Grant Thornton LLP. Despite this high level of concern, the […]
By Canadian Underwriter | June 21, 2016
3 min read
The Autorité des marchés financiers (AMF), Quebec’s financial services regulator, has announced the creation of a financial technology (fintech) working group whose primary mandate is to analyze technological innovations in the sector and anticipate regulatory and consumer protection issues. “The creation of the fintech working group further demonstrates the AMF’s resolve to serve as a […]
By Canadian Underwriter | June 16, 2016
2 min read
Global autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced by recent research and development by automotive original equipment manufacturers (OEMs), and supplier and technology […]
By Canadian Underwriter | June 7, 2016
HR
A single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt LLP, is one member of an Expert Advisory Panel tasked with reviewing and recommending changes […]
By Jason Contant | May 30, 2016
The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five to 10 years for automated vehicles, speakers suggested Wednesday at a conference in Toronto. “The […]
By Jason Contant | May 25, 2016
5 min read
UberX drivers using personal policies while operating as a paid ride-share operative are breaking the law and need to check with their insurance providers to ensure they have appropriate coverage, suggests Shop Insurance Canada. “If a vehicle is used for any kind of business, insurance companies will expect customers to take out a commercial auto […]
By Canadian Underwriter | May 19, 2016
EDMONTON – The Alberta government has introduced new rules to regulate ride-hailing companies such as Uber. Transportation Minister Brian Mason says that under Bill 16, anyone who wants to drive for such a company will have to have a professional Class 4 licence. They will also have to undergo a police information check and be […]
By The Canadian Press | May 18, 2016
Driverless cars could have significant credit implications across a wide range of sectors and companies as the technology becomes more advanced and widespread in the coming years, Moody’s Investors Service said in a report released on Tuesday. Although the extensive use of self-driving vehicles is still some way off, the technology has the potential to […]
By Canadian Underwriter | May 17, 2016
The Canadian Council of Insurance Regulators (CCIR) announced on Monday that it has published an issues paper for public consultation on electronic proof of automobile insurance (EPAI). As electronic documentation becomes more prevalent in society – be it through smart phone apps, emails, or other forms of electronic documents – many consumers and insurers would […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
