Claims
The B.C. Provincial Court has fined a man $1,750 to send a message to the public about the seriousness of identity theft.In R. v. Mahovlich, the court found the accused, Mark Clayton Mahovlich, applied to obtain a British Columbia identity card in the name of his brother, Michael, at an office of the Insurance Corporation […]
By Canadian Underwriter | January 16, 2012
2 min read
The Ontario Superior Court has found that a direct writer breached its duty of care in offering optional benefits to a consumer. Nevertheless, the court dismissed the claim against Meloche Monnex because it found the claimant would not have purchased the optional benefits anyway. The case concerns an auto accident that occurred in May 2007. […]
By Canadian Underwriter | January 13, 2012
A New Brunswick court has found that a man who suffered a closed head injury in a 2005 auto accident – which resulted in a lack of concentration, an inability to process information quickly and mental fatigue – is unable to engage in any occupation or employment for which he is suited by education, training […]
The Financial Services Commission of Ontario (FSCO) is warning consumers that Freedom Insurance Company is not licensed to do insurance business in Ontario.”If consumers purchase insurance from insurers that are not licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario’s licensed insurance companies and agents,” a […]
By Canadian Underwriter | January 12, 2012
1 min read
The estate of a pilot who died when he accidentally crashed his aircraft cannot collect insurance because the deceased pilot’s medical certificate had expired more than a year before the accident, the Alberta Appeal Court has ruled.The deceased pilot’s insurance policy, against which the estate made a claim, contains an exclusion clause related to holding […]
By Canadian Underwriter | January 10, 2012
The Canadian Council of Insurance Regulators (CCIR) is currently reviewing the results of a consultation it conducted last year on credit scoring, but it doesn’t appear likely that a harmonized approach to credit scoring will be the outcome.”Frankly, there will be no harmonized policy on use of credit information in underwriting,” CCIR chairwoman Danielle Boulet […]
By Canadian Underwriter | January 9, 2012
Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), has released a Cost of Goods Guideline in response to a recommendation by the Auto Insurance Anti-fraud Task Force.The Anti-fraud Task force released an interim report in early December, reflecting input received from the insurance industry, police, health care professionals and legal professionals. Among its […]
By Canadian Underwriter | January 6, 2012
The unusual combination of catastrophic losses occurring in 2010-11 has not yet driven affected insurers to seek more capital, purchase higher reinsurance limits or raise prices/decrease exposures materially for the insurance products they sell, a report from Aon Benfield says.”However, the largest of these loss-affected programs have yet to renew in 2012 and it is […]
By Canadian Underwriter | January 5, 2012
A British Columbia man was fined $2,750 after he admitted lying to the police about his truck being stolen, ICBC reported.Kyle Anderson told police in April 2009 that his Toyota Tacoma truck had been stolen while he and a friend went for a walk along the beach in Creston, B.C.”A subsequent investigation revealed the truck […]
By Canadian Underwriter | January 4, 2012
Theft of heating oil from churches is on the increase in eastern Canada, according to Ecclesiastical Insurance’s Halifax office.Most recently, thieves stole heating oil from a church in Atholville, New Brunswick. They damaged the oil tank and siphoned off some 1,000 litres of heating oil, the insurer said in a press release. Steve Venturini, senior […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
