Claims
The Ontario Trial Lawyers Association (OTLA) and Alliance of Community Medical and Rehabilitation Providers are launching a media campaign against proposed changes to the definition of a catastrophic impairment for victims injured in car accidents. Currently, accident victims who are deemed to have suffered a catastrophic (CAT) injury are eligible for basic medical and rehabilitation […]
By Canadian Underwriter | June 12, 2012
2 min read
Ontario’s regulator is recommending to the finance minister that physical impairments should not be combined with psychiatric or mental/behavioural impairments for the purpose of determining a catastrophic injury. Ontario’s regulatory superintendent has thus adopted the recommendations of an expert medical panel in a report to the government posted on Financial Services Commission of Ontario’s (FSCO) […]
3 min read
Property and casualty insurers frequently talk about their financial wherewithal to make claims payments following a major earthquake in Canada, but industry rarely mentions if it is prepared to deliver on the promise underlying its earthquake insurance policies, an audience heard at a June 11 Property Casualty Underwriters Club (PCUC) luncheon in Toronto. Urs Uhlmann, […]
By Canadian Underwriter | June 11, 2012
Canada will continue to warm by as much as 2 C by 2020 and 4 C by 2050, prompting variable fluctuations in precipitation across the country, notes climate change research presented on June 11 by Intact Financial Corporation and the University of Waterloo. As a result, city infrastructure, biodiversity, freshwater resources, Aboriginal communities and agriculture […]
Earthquakes that devastated northern parts of Italy caused $6.25 billion in total economic losses, but the insured damages are still being tabulated, notes a recent catastrophe report from Aon Benfield. “The Italian earthquakes resulted in the largest natural disaster loss for the country since the L’Aquila earthquake event in 2009,” says Steve Jakubowski, president of […]
Toronto police have charged a 27-year-old woman with operating an e-bike with a blood alcohol level of over 80 milligrams. The charge has not been proven in court. An e-bike is capable of being propelled by muscular power and is equipped with one or more electric motors of 500 W or less and can propel […]
By Canadian Underwriter | June 8, 2012
Allstate Insurance Company of Canada today presented The Salvation Army with a $10,000 cheque in support of efforts to assist residents affected by flooding in Thunder Bay, Ontario. “This is a difficult time for the community, and we wanted to offer our support to help get everyone back on their feet more quickly,” said Tony […]
1 min read
A comparatively benign year so far for natural disasters has bolstered the capital levels of reinsurers, allowing for “moderate pricing trends” in mid-year reinsurance renewals, according to a recent report by reinsurance broker Guy Carpenter. “Relatively light catastrophe loss activity during the first five months of the year contributed to positive reinsurer results and plentiful […]
By Canadian Underwriter | June 7, 2012
The city of Thunder Bay is the target of a class-action lawsuit by a law firm alleging that recent flooding in the region was foreseeable and predictable. Watkins Law Professional Corporation filed the lawsuit on behalf of city residents hit by the floods, which prompted the city to declare a state of emergency in late […]
The Ontario Superior Court has found that a plaintiff injured in an auto accident “rushed” to trial before full recovery from two shoulder surgeries and therefore has not met the threshold for a permanent serious impairment. In Iannarella v. Corbett, the plaintiff in the case was injured in a motor vehicle accident in February 2008. […]
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