Claims
The Insurance Council of Australia (ICA) has declared a catastrophe for New South Wales and Victorian flood zones covering the NSW Riverina, NSW Central West and northern Victoria. The council reported on Mar. 9 that so far there have been fewer than 4,000 claims, mostly for light storm damage. However, it expects this number to […]
By Canadian Underwriter | March 9, 2012
1 min read
Ontario politicians introduced two new private member’s bills into the legislature on Mar. 7: one would make it easier to report auto insurance fraud, and the other would eliminate the ability of insurers to rate auto insurance based on addresses or postal codes. Very few private member’s bills become law. Mississauga-Brampton South MPP Amrit Mangat […]
By Canadian Underwriter | March 8, 2012
The 2011 Tohoku earthquake and tsunami has caused the seismic hazard research community to explore different ways to predict whether other related damaging earthquakes can be expected around Japan and whether Tohoku may have affected the timing of other earthquakes in the region, a recent RMS research paper notes. The paper explores changes to risk […]
By Canadian Underwriter | March 7, 2012
2 min read
Nova Scotia’s Court of Appeal confirmed in a 3-1 majority decision released on Feb. 23 that Nova Scotia’s Department of Health has a subrogated right to claim against an insurer for nursing home costs arising from injuries sustained in a motor vehicle accident. In Slauenwhite v. Keizer, Jean Slauenwhite was 81 years old in Dec. […]
Saskatchewan Government Insurance (SGI) is joining Students Against Drinking and Driving (SADD) Saskatchewan in supporting Impaired Driving Awareness Week, proclaimed by the provincial government for Mar. 5-9, 2012 in Saskatchewan. The annual week, originally proclaimed in 1999, raises awareness of the dangers of drinking and driving. This is the Number 1 contributing factor in fatal […]
By Canadian Underwriter | March 2, 2012
The Association of British Insurers (ABI) wants to see the issue of non-EU countries’ equivalence with the proposed Solvency II capital regime to be bumped higher up the agenda. “The industry is investing hundreds of millions of pounds to implement Solvency II, but as yet, there is still no clarity on how large global businesses […]
Borden Ladner Gervais LLP has created a national insurance corporate/regulatory group. Crawford Spratt, Jill McCutcheon and Kelly Morris, all insurance law practitioners, have joined the firm. Spratt will serve as the national head of the group, McCutcheon as the group’s regional head, and Morris as a partner. All three will be based out of Toronto. […]
By Canadian Underwriter | March 1, 2012
CORRECTION: Dr. Peter Burns of Transport Canada was incorrectly paraphrased in the original version of this article as saying billboards were a source of concern, when in fact he was speaking about emerging technologies. Also, Robyn Robertson said there were between 2,000 and 3,000 electronic billboards in the United States, not 32,000 as originally reported. […]
Canadian legislation is focused on the dangers of using hand-held cell phones while driving, but using hands-free devices while driving may not be that much safer, according to panelists attending the Driven to Distraction conference in Toronto on Mar. 1. The Canadian Automobile Association (CAA) and the Traffic Injury Research Foundation (TIRF) organized the conference. […]
3 min read
Remember those heady days in the mid-2000s, when personal and commercial property claims ratios were more in the range of the high 50s and mid 60s, instead of the low-70s that we see now? Sadly, we are all too used to seeing high claims ratios in auto insurance. But insurers are starting to make noises […]
February 29, 2012
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