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Wider mandate for Ontario’s auto insurance regulator would be welcomed Wider mandate for Ontario’s auto insurance regulator would be welcomed Image

Legal / Regulation

Wider mandate for Ontario’s auto insurance regulator would be welcomed

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

4 min read

Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters Image

Tech

Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters

The Transportation Safety Board of Canada reiterated Tuesday its recommendation from October, 2016 that Transport Canada establish “rigorous crash survivability requirements” for aircraft emergency locator transmitters. TSB released Jan. 17 an investigation report into a fatal helicopter crash that occurred in September, 2015. A Robinson R44 had been performing spraying operations for a timber firm. […]

By Canadian Underwriter | January 18, 2017

5 min read

Equipment failure, cyberattacks and natural disasters top operational risks in the U.S. over the past five years: FM Global Equipment failure, cyberattacks and natural disasters top operational risks in the U.S. over the past five years: FM Global Image

Tech

Equipment failure, cyberattacks and natural disasters top operational risks in the U.S. over the past five years: FM Global

Equipment failure, cyberattacks and natural disasters have negatively affected operations at companies based in the United States over the past five years, according to a new FM Global-commissioned study on operational risks. The study, titled Finance’s Role in Operational Risk Management: CFO Research on Building a Resilient Company and released on Wednesday, was commissioned by […]

By Canadian Underwriter | January 18, 2017

2 min read

82% of security operations centres of reviewed organizations vulnerable to cyber attack: HP 82% of security operations centres of reviewed organizations vulnerable to cyber attack: HP Image

Tech

82% of security operations centres of reviewed organizations vulnerable to cyber attack: HP

Security operations centres (SOCs) south of the border are falling below target maturity levels, leaving 82% of reviewed organizations vulnerable to cyber security attacks, Hewlett Packard Enterprise (HPE) concludes in a new white paper issued Tuesday. The finding is worrisome since an SOC serves as the foundation for how organizations protect their most sensitive assets, […]

By Canadian Underwriter | January 18, 2017

5 min read