Claims
Independent Financial Brokers of Canada (IFB) is providing corporate errors and omissions coverage for life insurance agencies. The coverage, underwritten by Echelon General Insurance Company, is being offered as a solution for those caught in the gap between regulatory requirement and fiscal reality, the IFB reports in a release. “As was noted in a Notice […]
By Canadian Underwriter | April 3, 2008
1 min read
Insurance Bureau of Canada (IBC) has issued warnings to Ontario and Atlantic policyholders of overland flooding due to spring thaw. IBC stresses preventative actions, because overland flooding is not covered by home insurance policies. Sewer back-up coverage is usually available as an add-on to policies, an IBC release says. Damages due to a roof collapse […]
By Canadian Underwriter | April 2, 2008
The Chubb Group of Insurance Companies has placed a US$200-million catastrophe bond providing multi-year reinsurance protection against hurricanes, earthquakes, thunderstorms, winter storms, wildfires and other perils in both the United States and Canada.The risk period on the bonds ends Mar. 31, 2011. Known as East Lane II Ltd., the bond provides Chubb companies, including the […]
Although the growth of captive insurance companies has been relatively “flat” in the current soft insurance market, growth is still possible during soft markets because captives are driven more by market volatility than by market cycles, keynote speaker Nancy Gray said at the 4th annual Captives Insurance Strategies Summit Conference in Toronto. In a slide […]
By Canadian Underwriter | April 1, 2008
2 min read
The Ontario Trial Lawyer’s Association (OTLA) is considering a court challenge similar to Alberta’s recent Charter challenge that overthrew the Cdn$4,000 cap on minor auto injuries. Patrick Brown, president-elect of the OTLA, says that in light of the recent Alberta decision in Morrow v. Zhang, the Ontario government should make the appropriate changes to its […]
March 31, 2008
The WICC Alberta Chapter Gold Flame Awards Lunch was held in Calgary on Jan. 23. The Palomino Room at Stampede Park again provided an amazing setting for the event. More than 300 people attended to hear an update on Dr. Hanne Ostergaard’s WICC-sponsored research project, as well as the emotional speech of Peace Hills CEO […]
Dave Lush is the new chief operating officer of CARSTAR Automotive Canada. The new position was created to ensure the company is poised for its next phase in growth and long-term sustainability, CARSTAR noted. Lush will be responsible for ensuring operational excellence, as well as the execution of business strategies and the strategic plan for […]
The article Alberta’s Court of Appeal Weighs In on the “Use and Operation” of an Automobile as appeared in the Feb/March issue of Claims Canada was incorrectly attributed to Cheryl Canning of Burchell Hayman Parish in Halifax, NS. The actual author of the article is Alexis N. Moulton, senior associate with McLennan Ross LLP in […]
Commercial General Liability (CGL) policies were not drafted with construction in mind, Neo Tuytel, senior partner with Clark Wilson LLP, told delegates at the 4th annual Insurance Coverage Symposium in Toronto on Feb. 28. However, questions surrounding coverage and exclusions, as they pertain to contractors and subcontractors — mainly surrounding the “work” and “product” exclusions […]
PPG Canada Inc. and Summit Software Solutions have announced a new preferred vendor partnership, giving the PPG CertifiedFirst network of collision repair centres access to the complete line of Summit products and services. “From our customers who are already using the Summit software, we’ve had great feedback,” Jeffery Murphy, marketing programs manager, said in a […]
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