Legal / Regulation
The Ontario government would have the authority to make regulations mandating collision avoidance systems such as lane departure warning, in all vehicles registered starting in 2020, if a private member’s bill before the legislature is passed into law. Bill 192, the Highway Traffic Amendment Act (Keep our Roads Safer through the use of Intelligent Drive […]
By Canadian Underwriter | May 16, 2016
3 min read
Clear determination of responsibility is essential to ensuring effective insurance coverage of driverless vehicles, but the “next 10 years may have less clarity about responsibility than the past 40 or 50 years,” according to a new report released on Thursday by the Insurance Institute of Canada. The report, titled Automated Vehicles: Implications for the Insurance […]
By Canadian Underwriter | May 5, 2016
4 min read
TORONTO – Uber is voicing its thanks after Toronto city council gave the ride-hailing service the green light to operate legally in the city. In a message to those who use its app, Uber said Toronto Mayor John Tory and city council have voted to “embrace ride sharing.” After hours of debate on Tuesday, city […]
By The Canadian Press | May 4, 2016
1 min read
Aviva Canada announced on Wednesday that it has developed an “affordable and convenient insurance product that would bridge the insurance gap in Quebec,” if the provincial government decides to allow ridesharing programs. Aviva Canada, a provider of home, automobile, leisure/lifestyle and business insurance, said in a press release that the coverage is independent of ridesharing […]
By Canadian Underwriter | May 4, 2016
2 min read
A Canada-wide regulation mandating disclosure of privacy breaches might not be in place until late 2017, an official with the Office of the Privacy Commissioner of Canada suggested Friday. In June, 2015, the Digital Privacy Act was passed into law. Originally tabled as Bill S-4, the bill would give courts the power to “assess penalties […]
By Jason Contant | May 2, 2016
Driver distraction and fatigue are believed to be the root causes of many large auto losses. Even when drivers have their eyes on the road, the mere act of talking on a hands-free wireless device can adversely affect both field of vision and the ability to concentrate on the task of driving, one risk management expert cautions. While hours of service regulations stipulate the amount of rest that commercial drivers must have, one sleep expert warns that sleeping at the right time is just as important as getting the right amount of sleep.
By Greg Meckbach, Associate Editor | May 1, 2016
13 min read
HR
The Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice president of Canadian business development for Intelligent Mechatronic Systems Inc. (IMS), suggested Thursday during an […]
By Jason Contant | April 29, 2016
Just 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones Risk and Compliance, in association with MetricStream Research, are based on responses to a survey […]
By Canadian Underwriter | April 28, 2016
The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms by year 2020,” predicted Barrie Kirk, co-founder and executive director of the Canadian Automated Vehicles […]
By Canadian Underwriter | April 22, 2016
An international capital standard for global systemically important insurers is “probably not going to have much of an impact on the Canadian p&c industry,” an official with the Office of the Superintendent of Financial Institutions suggested recently, but Canadian insurers “will likely need to change some of their business practices to conform to the new […]
By Jason Contant | April 20, 2016
5 min read
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.
