Claims
The Insurance Bureau of Canada (IBC) is applauding the government of British Columbia’s earthquake preparedness report, which recommends that the provincial and federal governments engage with the insurance industry and other key stakeholders to develop a strategy on disaster resilience and increase public awareness on the need to prepare. The B.C. government released the Earthquake […]
March 31, 2015
2 min read
The Insurance Bureau of Canada (IBC) is applauding proposed requirements in Alberta – which received the green light in the provincial legislative assembly – that seek to curb distracted driving by beefing up fines and penalties for texting while behind the wheel. Bill 204, the Traffic Safety (Distracted Driving Demerit) Amendment Act, 2014, was tabled […]
1 min read
A bill proposing to mandate specific levels of insurance for Canadian railway operators – of $1 billion in some cases – was tabled March 30 in Ottawa for second reading in the House of Commons. MPs debated Bill C-52, the Safe and Accountable Railway Act, introduced by Conservative Transport Minister Lisa Raitt. Currently, Canada’s Railway […]
Sections of an Ontario law aimed at reducing auto insurance claims costs, which give inspectors power to enter premises without a search warrant and remove records for review, took effect April 1. Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act, is an omnibus bill that was passed into law Nov. 20. Not […]
With the late winter thaw happening around the country, Aviva Canada Inc. noted recently that the frequency and severity of water damage claims is on the rise. “2013 was our worst year for water damage in part due to flooding in Alberta and Toronto,” said Sharon Ludlow, president of Aviva Insurance Company of Canada, in […]
Ontario’s financial regulator has released an infographic to its website warning about the insurance risks related to ride-sharing programs. Ride-sharing services use an online app to connect passengers with drivers using their personal vehicles. The infographic, released in late March by the Financial Services Commission of Ontario (FSCO), noted that “the services may significantly impact […]
State Farm Mutual Automobile Insurance Company announced in mid-March that it is the first insurer in the United States to receive permission from the Federal Aviation Administration (FAA) to test unmanned aircraft systems (UAS) for commercial use. The decision provides the insurer the opportunity to research this new technology and potentially deploy it in ways […]
Allianz Global Corporate & Specialty SE announced Tuesday that Bill Scaldaferri will be appointed chief executive officer for North America effective July 1, replacing Art Moossmann. Moossmann “will hand over his leadership responsibility” for AGCS North America to Scaldaferri from July 1 “and will step down” from the commercial insurance carrier’s board of management Dec. […]
The majority of loss arising from the Germanwings plane crash in the French Alps last week will likely be absorbed by the Lloyd’s market, as well as a number of global insurers and reinsurers, suggested a briefing from ratings firm A.M Best Company. In the briefing report, entitled A.M. Best comments on impact of Germanwings […]
By Canadian Underwriter | March 30, 2015
3 min read
Aviva Canada’s Scottish & York subsidiary was recently denied leave to appeal, to the Supreme Court of Canada, a ruling by the Newfoundland and Labrador appeal court on a dispute over coverage under an auto insurance family protection endorsement. In 2006, Wade Drover – who had a family protection endorsement written by Scottish & York […]
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