Claims
Canadian brokers have asked the federal government to take a cautious approach to demutualization.In a submission to the federal government, the Insurance Brokers Association of Canada (IBAC) has asked the Department of Finance to keep in mind the important role of property and casualty mutual insurers in the Canadian marketplace when considering new regulations that […]
By Canadian Underwriter | August 26, 2011
2 min read
Hamilton police have executed search warrants against two collision centres in the city for allegedly perpetrating insurance fraud. So far, three local men aged 39, 48 and 67 have been arrested. Police believe local collision repair shops were hiring “chasers” to go to accident scenes and collision reporting centres to drum up business and help […]
Hurricane Irene is currently tracking towards the coast of North Carolina and could approach New York as a Category 1 hurricane on Aug. 28, before heading towards New England and the Canadian Maritimes as a tropical storm by Aug. 29.Currently, there is a lot of guesswork as to whether or when Hurricane Irene might make […]
The Financial Services Commission of Ontario (FSCO) is warning consumers that Lima Automobile Insurance Company is not licensed to do business in Ontario.In a statement, FSCO said it found that Lima Automobile Insurance Company is collecting premiums from clients without providing coverage. “Consumers who have been contacted by this company were offered a discount if […]
By Canadian Underwriter | August 24, 2011
1 min read
Irene became the Atlantic basin’s first hurricane of the 2011 season, and it’s expected to strengthen and possibly make landfall on North Carolina by week’s end, reported AIR Worldwide. On Monday, Aug. 22, Irene’s winds strengthened to 80 miles per hour, as it was exiting Puerto Rico’s northern coast, making it a Category 1 storm.Irene […]
By Canadian Underwriter | August 22, 2011
British Columbia’s Supreme Court has ordered fraudsters to repay ICBC more than $344,000 for claims incured as a result of an auto theft ring. In his written decision for ICBC v. Ben-Jaafar, Justice Cullen describes how the fraud ring made phoney Alberta registration documents for stolen vehicles and resold them to legitimate buyers in BC’s […]
By Canadian Underwriter | August 18, 2011
The Autorité des marchés financiers (AMF) is reviewing a notification it received that the Courtier en service automobile (CSA), a firm offering replacement guarantees, filed for bankruptcy on Aug. 4, 2011. “The bankruptcy stems from claims filed by clients over a period when the guarantees in question were not covered by an insurer,” the AMF […]
By Canadian Underwriter | August 16, 2011
An Ontario arbitrator has ordered a $6,000 special award against an insurer because the insurer relied too heavily on surveillance video in support of its monthly attendant care payments of more than $2,000, instead of relying on the advice of a health care professional it had retained.The claimant, named in the arbitration decision as ‘Mr. […]
By Canadian Underwriter | August 11, 2011
Ironshore Inc.’s Lloyd’s Pembroke Syndicate 4000 has launched a commercial crime unit as an expansion of its financial lines operations. Sarah Markham has been named director of the new unit, reporting to Christopher D. Brown, director and deputy underwriter of Pembroke Managing Agency Limited.Pembroke’s commercial crime policy indemnifies the insured organization for losses resulting from […]
Daniel M. Campbell of Cox & Palmer has become president of the Nova Scotia Barristers’ Society.Campbell has played an active role in both the Lawyers’ Insurance Association of Nova Scotia and the Canadian Lawyers’ Insurance Association, which provide professional liability insurance to lawyers.One of Cox & Palmer’s senior litigators, Campbell’s practice focuses on professional liability […]
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