Claims
Recent advances in alternative dispute resolution (ADR) represent an opportunity for Canadian insurers to exercise greater control in resolving reinsurance disagreements while reining in potential costs in time and expense.
By David Wilmot, Senior Reinsurance Executive (Semi-Retired), Industry Consultant, Arbitrator | July 1, 2012
4 min read
Flooding in Thunder Bay and Montreal have shone the spotlight on the adequacy of municipal infrastructure and if it can handle increasingly frequent storm events.
By Angela Stelmakowich, Editor | July 1, 2012
5 min read
New Brunswick says its proposed reforms won't result in higher premiums. But we all know this is a fairy tale politicians tell policyholders to make them sleep better at night.
By David Gambrill, Senior Editor | July 1, 2012
3 min read
In the wake of the Rio + 20 conference on sustainable growth, Lloyd’s has developed a ranking of the world’s top potential climate change challenges ahead. The London insurance market identified wildfires, flood, drought, pestilence (including weeds and infestation), Arctic warming, hurricanes and heat waves as the most pressing concerns related to global warming. “Lloyd’s […]
By Canadian Underwriter | June 29, 2012
2 min read
New Brunswick is proposing to increase its $2,500 cap on minor auto injuries up to $7,500 and come up with a new definition for minor injuries that would see fewer people come under the cap. The government on June 28 tabled its response to the Auto Insurance Working Group with the legislative assembly. The government […]
By Canadian Underwriter | June 28, 2012
Federally regulated property and casualty insurers in Canada posted improved financial results in 2012 Q1, recording a collective quarterly profit of $1.048 billion this quarter as opposed to a $721.7-million profit in the same period last year. Figures from the Office of the Superintendent of Financial Institutions (OSFI) show that insurers wrote net premiums of […]
By Canadian Underwriter | June 27, 2012
Rainfall warnings for a number of areas within British Columbia’s Kootenay region — which had already been dealing with the effects of rapid snowmelt and wet conditions over the past two or three weeks — ended in the early morning hours of June 27. Environment Canada lifted warnings for Elk Valley, East Kootenay (north, including […]
Wawanesa Mutual Insurance Company employed a high-stakes litigation strategy designed to intimidate homeowners seeking damages, a choice that demands significant, but proportionate punishment, an Ontario court has ruled. In Brandiferri v. Wawanesa Mutual Insurance, et al., Ontario Superior Court Justice P.D. Lauwers dismissed the insurer’s allegations of fraud against the policyholders in a decision related […]
By Canadian Underwriter | June 26, 2012
Ontario’s Building Code will soon require newly constructed buildings to use heat-strengthened laminated glass to prevent balcony glass from breaking and falling to roadways below. Effective July 1, construction companies must use heat-strengthened laminated glass (the same type used in windshields) when glass is close to the edge of a balcony. Also, heat-strengthened laminated glass […]
A local state of emergency in Elliot Lake, Ontario remained in effect after a partial roof collapse at the Algo Centre Mall reportedly claimed at least one life, injured several others and left rescuers searching for one more. Mayor Rick Hamilton declared the state of emergency in line with Ontario’s Emergency Management and Civil Protection […]
By Canadian Underwriter | June 25, 2012
1 min read
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