Tech
Silicon Valley Insurance Accelerator (SVIA) announced on Thursday the launch of its InsurTech Innovation Lab, which can “fast track projects from simple proof of concepts to standing up complete solutions, products and even companies.” The research, design and development centre is available to insurance companies, insurtech startups and established solution providers through SVIA’s membership program, […]
By Canadian Underwriter | March 30, 2017
2 min read
DETROIT – Ford is recalling more than 570,000 vehicles in North America and Europe to fix separate problems that can cause engine fires and doors to fly open unexpectedly. The recalls will hit the company’s bottom line in the first quarter of this year. Ford said in a Wednesday filing with securities regulators that the […]
By Jason Contant | March 29, 2017
3 min read
HR
The board of directors of the Insurance Brokers Association of New Brunswick has “voted to suspend a longstanding sponsorship partnership with Aviva Canada,” IBANB said in a release sent Wednesday. On Jan. 18, Aviva announced it is offering “team branded” home and auto insurance directly consumers, in a partnership with Maple Leaf Sports and Entertainment. […]
By Canadian Underwriter | March 29, 2017
Two in five computers around the globe related to the technological infrastructure of industrial enterprises faced cyberattacks in the second half of 2016, according to cybersecurity company Kaspersky Lab. Research from Kaspersky released on Tuesday showed that the percentage of industrial computers under attack grew from over 17% in July 2016 to more than 24% […]
Polled Canadian organizations are struggling to keep up with constant technology change despite executives viewing digital strategy, cyber security and data analytics as quite or highly important skills to their businesses, notes a new report issued Wednesday by PricewaterhouseCoopers (PwC) Canada. “Canadian organizations need to focus on their people to redefine digital transformation, rethink their […]
4 min read
Almost six in 10 drivers in the United States think that self-driving cars will eliminate the problem of distracted driving, according to a new poll conducted on behalf of Erie, Penn.-based Erie Insurance. The online survey by Harris Poll, released on Monday, involved 2,932 U.S. licensed drivers aged 18 and older. Because it was not […]
By Canadian Underwriter | March 28, 2017
Chubb has announced a partnership with identity management and data theft service experts CyberScout to offer a fully complimentary array of identity management services to all Masterpiece homeowners in Canada. Chubb said in a press release that Cyberscout services provide Chubb Masterpiece customers with help in three areas: identity theft recovery, defence and education. “Chubb […]
NEW YORK – Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but they resumed operating earlier on Monday. The difference between the California program versus the ones […]
By Jason Contant | March 27, 2017
The Toronto Transit Commission (TTC) is recommending to its board that staff continue to monitor the technological and legislative progress of automated vehicles (AVs) and report back with a recommendation for potential future use of AVs at the transit agency. In a staff report earlier this week to the TTC board from the chief executive […]
By Canadian Underwriter | March 24, 2017
Organizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member of RIMS External Affairs Committee and senior vice president, chief compliance and risk officer at […]
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