Claims
A decision by Ontario's Superior Court of Justice highlights the need for an insurer to respond to a completed Application for Accident Benefits whether or not a nexus exists between the insurer and the claimant.
By Jason Frost, Associate, Hughes Amys LLP | December 31, 2012
6 min read
The United States saw 11 disasters that each cost over a billion dollars in losses this year, preliminary information from the National Oceanic and Atmospheric Administration (NOAA) suggests. Of those events, seven were severe weather or tornado events, and two were related to hurricanes/post tropical cyclones. The remaining two were the year-long drought and associated […]
By Canadian Underwriter | December 20, 2012
1 min read
Economic losses from natural catastrophes and man-made disasters will likely reach at least $140 billion (USD) this year, with total insured losses reaching $65 billion, according to preliminary estimates from a Swiss Re study. Natural catastrophes alone will contribute to roughly $60 billion in insured claims, Swiss Re said. Weather events, mainly in the United […]
By Canadian Underwriter | December 19, 2012
2 min read
Zurich Insurance Group announced Monday its current estimates for Superstorm Sandy are aggregate claims net of reinsurance of about US$700 million and reinstatement premiums due on reinsurance covers of approximately US$58 million. The former figure includes US$40 million related to reinsurance cover provided to the Farmers Exchanges, managed but not owned by a wholly owned […]
The Court of Appeal for Ontario has denied a request by Aviva Canada to “withdraw, alter or modify” its decision in Pastore v. Aviva Canada Inc. based on a Supreme Court of Canada ruling in July. In Pastore v. Aviva Canada Inc., released last September, the appeal court found in favour of a woman claiming […]
By Canadian Underwriter | December 18, 2012
3 min read
The Ontario government is increasing support for critical road, bridge, water and wastewater projects under its Municipal Infrastructure Strategy, a move sure to garner support from insurance industry and municipal representatives alike. The increased investment — up substantially from the $51 million announced in August to almost $90 million — is meant to help more […]
The insurance industry, which faces average climate-related losses of approximately $50 billion annually, is enhancing efforts to manage associated risks, notes a new study out of the United States. “Weather- and climate-related insurance losses today average $50 billion a year. These losses have more than doubled each decade since the 1980s, adjusted for inflation,” reports […]
By Canadian Underwriter | December 17, 2012
The Manitoba government has reached an agreement with the federal government and the Little Saskatchewan First Nation to move a number of remaining flood evacuees to higher ground early in the new year. The agreement provides 40 new homes for the community. The homes will be moved from their current location at the province’s temporary […]
Research indicates a lower percentage of Canadians are driving after drinking but more work needs to be done, according to a recent report co-sponsored by Aviva Canada and published by the Traffic Injury Research Foundation (TIRF). TIRF’s Road Safety Monitor is an annual public opinion poll on drinking and driving. In this year’s poll, 3.6% […]
By Canadian Underwriter | December 14, 2012
Ignition interlock use will now be a requirement for all convicted impaired drivers who want to drive legally following their licence suspension, Manitoba’s justice minister Andrew Swan announced Thursday. The new rules come into effect on Dec. 15 and will now include drivers convicted of an impaired driving offence for the first time. “Manitoba is […]
By Canadian Underwriter | December 13, 2012
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
