Claims

“No Assurances” Ontario Auto Insurance Reforms Will Help Reduce Frequency, Claims Costs: OSFI “No Assurances” Ontario Auto Insurance Reforms Will Help Reduce Frequency, Claims Costs: OSFI Image

Claims

“No Assurances” Ontario Auto Insurance Reforms Will Help Reduce Frequency, Claims Costs: OSFI

The financial woes of Canada’s private auto insurance system are squarely on the radar of Canada’s federal solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI). “On the auto side, many of you know that Ontario auto has been on our radar for awhile,” Penny Lee, OSFI managing director, said at the 2009 […]

May 31, 2009

1 min read

HCAI On Track For Voluntary Rollout HCAI On Track For Voluntary Rollout Image

Claims

HCAI On Track For Voluntary Rollout

The Health Claims for Auto Insurance (HCAI) is on track for a voluntary rollout at the end of summer, provided the testing phase meets required outcomes. Currently, the system is in an extended test cycle which will continue until July. A quality assurance team, whose job is to review the functionality of the remediated system […]

May 31, 2009

1 min read

Ontario’s Harmonization Of Sales Tax With GST Predicted To Drive Up Insurers’ Claims Costs Ontario’s Harmonization Of Sales Tax With GST Predicted To Drive Up Insurers’ Claims Costs Image

Claims

Ontario’s Harmonization Of Sales Tax With GST Predicted To Drive Up Insurers’ Claims Costs

Ontario’s harmonization of the provincial sales tax with the GST will definitely drive up claims costs for property and casualty insurers, an audience attending the 2009 IBC Financial Affairs Symposium in Toronto heard. “There is going to be a definite impact on costs [to property and casualty insurers] both on an operating level and, on […]

May 31, 2009

2 min read

Message From the President (June 01, 2009) Message From the President (June 01, 2009) Image

Claims

Message From the President (June 01, 2009)

I was forewarned the year would fly by, but I never expected just how quickly it truly would go. Since my last President’s Message, I have done a considerable amount of travelling on behalf of CIAA and the membership. I was pleased to attend a Pacific Region executive meeting, followed by the CIAA/CICMA annual joint […]

May 31, 2009

2 min read