Claims
The Société de l’assurance automobile du Québec (SAAQ), the province’s auto insurer, has posted an information bulletin providing guidance on the use of electronic on-board recorders (EOBRs) used in heavy vehicles.The devices have increasingly replaced paper format daily logs with electronic, on-screen logs. The SAAQ notes work is in progress to develop a Canadian standard […]
By Canadian Underwriter | November 15, 2011
1 min read
Confusion around the “co-ownership” of a Peterbilt truck used in a commercial trucking business and a personal Chevy pickup truck figured prominently a recent New Brunswick Court of Appeal case focused on a policy exclusion for underinsured motorist protection.The Court of Appeal recently issued a decision in Estate of Michael Burke and 1021256 Ontario Inc. […]
By Canadian Underwriter | November 14, 2011
2 min read
An Ontario arbitrator has upheld a special award against an insurer in a case involving termination of Income Replacement Benefits (IRB) on the basis of conflicting medical information.The Economical Mutual Insurance Company appealed an arbitrator’s finding of a special award against the insurer amounting to more than $16,000 in Economical Mutual Insurance Company and Sivakumaru […]
New Zealand’s property and casualty insurance market is in a state of transformation as it grapples with prolonged earthquake activity and associated regulatory developments, a new special report from A.M. Best finds.The report, New Zealand’s Insurance Market on Cusp of Transformation, examines the availability of property and casualty insurance and reinsurance capacity in the wake […]
The Financial Services Commission of Ontario (FSCO) is releasing new guidelines on Dec. 1, 2011 for Health Claims for Auto Insurance (HCAI) intended to prevent insurers from getting inundated by documentation from health care providers. The revised guidelines are intended to address complaints received by FSCO from stakeholders regarding practices by some health care providers. […]
By Canadian Underwriter | November 11, 2011
The U.S. Securities and Exchange Commission (SEC) filed a record 735 enforcement actions in the fiscal year that ended Sept. 30, the agency reported in a release.The number includes many cases involving highly complex products, transactions and market practices, including those related to the financial crisis as well as insider trading by market professionals.The SEC […]
DAS Canada is offering small businesses in Atlantic Canada a week of free access to its legal service hotline and the opportunity to win a free year of legal insurance coverage.During the week of Nov. 14, small business owners in New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador can call 1-877-88-ADVICE and use […]
By Canadian Underwriter | November 10, 2011
Ontarians have not paid more than $1 billion in Provincial Offences Act fines, and one-third of these fines relate to driving with invalid or false insurance cards, according to a white paper released on Nov. 9 by the Ontario Association of Police Services Boards (OAPSB).”As of July 2010, the last year for which statistics are […]
Alberta has denied disaster recovery assistance to Cold Lake, Alberta residents for flood damage sustained during a storm event in late June 2011, telling the Edmonton Journal that the storm did not qualify as a 1-in-25-year event.Instead, a hydrologist contracted by the province noted, data showed the precipitation levels that caused flooding and sewer back-ups […]
Insurance Bureau of Canada (IBC) remains cautiously optimistic of Nova Scotia’s auto insurance reforms, expressing concern regarding the complexity of implementation issues associated with such comprehensive changes. “IBC applauds the Nova Scotia government for its direction with these reforms and the thoughtful and consultative process that led to them,” said Bill Adams, IBC’s vice president […]
By Canadian Underwriter | November 9, 2011
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