Claims
The Ontario government announced Thursday it plans to develop an office dedicated to investigating and prosecuting “serious fraud,” including fraudulent auto insurance claims, to prohibit credit unions from promoting auto and home insurance online and to raise wages for some personal support workers. Finance Minister Charles Sousa presented the 2014-15 budget in the legislature Thursday. […]
By Canadian Underwriter | May 1, 2014
3 min read
REGINA – A Regina woman whose husband was killed in a car crash will get compensation from Saskatchewan Government Insurance after all. Rosmarie Boxall was initially told she wouldn’t receive any money because a drunk-driving charge against the man responsible for the collision was stayed. Donna Harpauer, minister responsible for SGI, says the insurer has […]
By The Canadian Press | May 1, 2014
1 min read
A report from a panel of top Canadian scientists is urging a go-slow approach to the booming industry of hydraulic natural gas fracking. So little is known about the long-term impacts of extracting gas by fracturing rock beds with high-pressure fluids that scientists and regulators need to start now to understand how to develop the […]
WINNIPEG – Residents of a section of western Manitoba were expressing relief Wednesday after a large wall of water that threatened a flash flood began to subside, thanks to a culvert that was no longer blocked by ice. The culvert, which leads to Birdtail Creek, started allowing water through early Wednesday morning, draining a 30-metre-high […]
2 min read
A new program from the Insurance Institute of Canada teaches company board members the foundational principles and concepts of property and casualty insurance, a move meant to answer an updated federal guideline and the trend of more board members outside the p&c insurance industry.
By Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada | April 30, 2014
6 min read
Losses from water damage are not going away. Recent events - and an upward trend over the past decade - demonstrate a pressing need for a concerted response by the insurance industry and its partners to answer questions and determine a timeline to take real action.
By Kevin Smart, Assistant Vice President, Personal Lines Underwriting Policy, Aviva Canada | April 30, 2014
A recent Ontario court decision addressing allocation of plaintiffs' costs notes that, in some circumstances, it may be equitable to allocate costs on an equal footing. But if insurers are not prudent in their attempts to limit potential exposure, courts could opt to allocate costs on a proportionate basis.
By Michael S. Teitelbaum Partner, Hughes Amys LLP | April 30, 2014
5 min read
There are plenty of changes on the property and casualty insurance front, all requiring care and consideration by industry players hoping, at worst, to keep pace and, at best, to advance to an improved position.
By Angela Stelmakowich, Editor and Greg Meckbach, Associate Editor | April 30, 2014
7 min read
LYNCHBURG, Va. – Authorities were evacuating numerous buildings Wednesday afternoon after several CSX tanker cars carrying crude oil derailed in downtown Lynchburg, Va., and caught fire along the James River, city officials said. The city of Lynchburg on its website posted that the fire department was on the scene and urged motorists and pedestrians to […]
By Canadian Underwriter | April 30, 2014
CALGARY – The Alberta government has narrowed down the flood-prevention projects it will fund after the deluge that devastated the southern part of the province last summer. But Environment Minister Robin Campbell concedes it will be years before all the work is completed. The province has set aside $600 million over the next three years […]
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