Claims
Vancouver city council is considering a bylaw proposal put forward by Mayor Gregor Robertson to have companies that ship oil by tanker to carry enough marine insurance to cover costs should a spill occur. If passed, the bylaw would require pipeline operators and oil tankers using Burrard Inlet, Vancouver Harbour and/or the Fraser River to […]
By Canadian Underwriter | May 1, 2012
1 min read
Manitoba has proposed new legislation intended to protect consumers against unfair car repair bills. The rules would apply to repairs done by businesses to vehicles such as cars, trucks, or motorcycles. They would not apply to repairs completed as part of a claim through Manitoba Public Insurance, since it has its own procedures and protective […]
Somewhat encouraging results on the auto insurance front were offset by catastrophes that blighted the Canadian and global landscape in 2011. “Auto results improved only in Ontario where the direct auto loss ratio dropped by 18.5 points following a disastrous 2010,” Joel Baker, president and CEO of MSA Research Inc., writes in the company’s fourth […]
2 min read
CLAIMS Insured losses for catastrophes reached $1.5 billion last year Canadian insurers saw total insured losses due to catastrophes soar to $1.5 billion in 2011. The total is substantially higher than the $860 million in 2010, Joel Baker, president and CEO of MSA Research Inc., told attendees at CIP Society Symposium 2012 in Toronto on […]
April 30, 2012
5 min read
Ontario mediations have reached a backlog of 35,000 cases and counting. Are insurers prepared for government measures being taken to prevent the flood?
By Jim Cameron, President, Cameron & Associates Insurance Consultants | April 30, 2012
7 min read
A defence lawyer and vice president of claims consider how to apply risk management principles to prevent auto insurance fraud.
Entity and predictive analytics can make fraud prevention especially effective at two key points - underwriting and claims intake.
By Rick Hoehne and Christine Haeberlin, IBM | April 30, 2012
Licensing requirements for travel insurance are devilishly complex, varying across insurance classes, delivery channels and regulatory jurisdictions.
By Jill McCutcheon, Partner, Borden Ladner Gervais LLP (Toronto) | April 30, 2012
4 min read
The Canadian Seismic Research Network (CSRN), formed with funding from the federal government, has the overall goal of reducing urban seismic risk in major cities in Canada.
By Professor Denis Mitchell | April 30, 2012
3 min read
Successful restoration contractors are solid communicators who ask the right questions, convey the answers faithfully and make efficient, cost-effective recommendations for everyone involved in a claim.
By David Sheppard, Director, Canstar Restorations, Disaster Kleenup Canada | April 30, 2012
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