Claims
In the past, fraudsters have taken advantage of individual insurers who opted to piece together suspicious claims in isolation. A new initiative, however, is based on the whole being greater than the sum of its parts, bringing insurers together and pooling their data.
By Ben Kosic, Chief Executive Officer, CANATICS | December 31, 2013
5 min read
Whether they are hauling laundry detergent, t-shirts or electronics, trucking companies - and their insurers - are facing a rising tide of crime that involves more than just theft.
By Craig Harris, Freelance Writer | December 31, 2013
7 min read
It looked like Canada's natural catastrophe story for 2013 was just about told when the ice storm mere days before the year's close added the chapter, "It ain't over till it's over." Some day, there will be another major wind or ice storm, demanding that discussions begin now about how much should be spent to guard against what may amount to fairly rare events.
By Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction | December 31, 2013
Ontario's Divisional Court has determined the precise cause of damage arising from a fortuitous event is not required for recovery under an all-risks insurance policy. As such, the ruling proposes that a much lower threshold is required to establish coverage under these policies.
By Michael Teitelbaum, Partner, Hughes Amys | December 31, 2013
Ontario's automobile insurance dispute resolution system is currently under review. But will the review - meant to develop recommendations to make the system more efficient and predictable - get to the root of conditions that continue to drive consistently high dispute volumes?
By May Gibillini, President, inHEALTH Inc. | December 31, 2013
6 min read
The Honda Civic has topped this year’s top 10 list of most frequently stolen vehicles, according to the Insurance Bureau of Canada, but higher-end SUVs were also a target. The 2000 Honda Civic SiR 2DR is at the top of the list for the second year in a row and high-end SUVs and Ford trucks […]
By Canadian Underwriter | December 19, 2013
2 min read
EDMONTON – The Alberta government is extending the deadline for small and medium-sized businesses affected by the June floods to apply for aid. The aid includes loan and interest rebate programs to help Alberta’s flood affected small businesses, agricultural producers and not-for-profit organizations to get back on their feet. The original deadline to apply under […]
By The Canadian Press | December 19, 2013
1 min read
Total insured losses from the central New Zealand earthquakes this past July and August was $31.1 million (all figures in New Zealand dollars), the Insurance Council of New Zealand (ICNZ) reported Thursday. Most damaging was the Aug.16 earthquake, accounting for $16.2 million of total insured losses, while the July 21 quake made up $14.9 million […]
Manitoba broker Waggoner Insurance has partnered with a Florida-based mobile applications provider to offer a text-blocking and distracted driving solution across Canada. The partnership and distribution agreement has created DriveAlert-Canada, which will offer Protext Mobility DriveAlert product. The app, currently available for Android and BlackBerry, uses OBD-II technology in an effort to curb distracted driving. […]
By Canadian Underwriter | December 18, 2013
The Financial Services Commission of Ontario is requesting submissions for compiling its three-year report on auto insurance regulation in the province. The Insurance Act requires FSCO to conduct a review every three years of Part VI of the act (auto insurance) and related regulations. That part of the act includes provisions dealing with approval of […]
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