Claims
The Supreme Court of British Columbia has ordered defendants in a vehicle fraud scheme to pay damages, including punitive damages, to the Insurance Corporation of British Columbia (ICBC). The court reportedly ordered 11 or so defendants to pay a total of about $850,000 in damages in connection with a vehicle fraud scheme that operated throughout […]
July 31, 2012
2 min read
Demographics and the adjuster
6 min read
A 20-hour storm in China on July 21 delivered as much as 18 inches of precipitation to parts of the country in and near the capital of Beijing (population 20 million), causing approximately $1.6 billion in economic damage, catastrophe modeller AIR Worldwide reports. Almost seven inches of rain fell in the capital, the most since […]
By Canadian Underwriter | July 30, 2012
The Steering Committee of the Ontario Auto Insurance Anti-Fraud Task Force is seeking public comment on several potential recommendations before it submits its final report to the government in the fall of 2012. The steering committee also reported its difficulty in pegging a precise dollar figure to Ontario auto fraud, citing a KPMG study that […]
By Canadian Underwriter | July 27, 2012
An insurance company has won an appeal that a motorized pocket bike should not be considered an automobile for insurance purposes under the Ontario Statutory Accident Benefits Schedule (SABS). Motors Insurance Corporation appealed the original ruling by Financial Services Commission of Ontario (FSCO) arbitrator Denise Ashby in January 2011 that a pocket bike met at […]
B.C.’s Financial Institutions Commission (FICOM) has fined Sea Won Pak (Steven Park) $10,000 for selling auto protection warranties despite not being licensed to sell insurance and in breach of a March 2012 cease and desist order. In an order posted on its website, FICOM said it opted not to fine Park the maximum fine of […]
The law firms representing plaintiffs in an action arising out of a deadly propane explosion in Toronto four years ago report the blast caused more than $25 million in property damage. One employee and an emergency responder died following the massive explosion at the Sunrise Propane distribution plant on Aug. 10, 2008. About 12,500 residents […]
By Canadian Underwriter | July 26, 2012
1 min read
An Ontario Superior Court judge has held that an insurer cannot take a proportional approach to the payment of attendant care benefits based on the extent of the economic losses suffered. In Henry v. Gore Mutual Insurance Company, the insurer argued that its liability for attendant care benefits was limited to the number of hours […]
Manitoba’s Court of Queen’s Bench has allowed a claim against Manitoba Public Insurance (MPI) to proceed despite the fact that the claim has been delayed since 1998, when the action was first launched. The claim is related to an incident in 1996, when the plaintiff, Marc Wayne Raymond, was involved in an accident near the […]
By Canadian Underwriter | July 25, 2012
The City of Hamilton was hammered by an estimated 66 millimetres of rainfall on July 22, resulting in road closures, fallen tree limbs and approximately 50 calls about basement flooding. The majority of calls related to basement flooding involved surface water volume, notes a press release from the city. In addition, the significant volume of […]
By Canadian Underwriter | July 24, 2012
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