Claims
The Supreme Court of Canada has granted leave to appeal the decision of the Quebec Court of Appeal in Ville de Westmount c. Richard Rossy et autres.Gabriel Rossy was killed in 2006 when a rotten tree fell on top of the parked car in which he was seated. The Rossy family attempted to sue the […]
By Canadian Underwriter | May 24, 2011
2 min read
Manitoba Public Insurance (MPI) is seeking public comment on options for promoting road safety.MPI notes 100,000 drivers in Manitoba are involved in collisions each year. The direct cost of claims is in excess of $650 million annually, with injuries accounting for about $145 million. About 25,000 vehicles per year are “written off.”MPI’s discussion paper outlines […]
By Canadian Underwriter | May 20, 2011
The Office of the Superintendent of Financial Institutions (OSFI) is proposing the consolidation of the Branch Asset Adequacy Test (BAAT) and the Minimum Capital Test (MCT) into one guideline. OSFI released proposed changes to both the MCT and BAAT guideline in December 2010. Since that time, financial institutions in the property and casualty industry have […]
By Canadian Underwriter | May 19, 2011
1 min read
The Ontario Provincial Police (OPP) and Aviva Canada have jointly launched the Community Bear Program, a program allowing OPP officers to comfort distressed children they encounter in their respective communities.With Aviva’s sponsorship, the program will equip OPP cruisers with black and white teddy bears that officers will hand out to children who have experienced a […]
In an effort to boost the Canadian public’s relationship with the insurance industry, the Canadian Council of Insurance Regulators (CCIR) has tweaked its strategic plan to focus on ways insurance regulators “can more profitably engage the policymakers in insurance issues.”CCIR chair Danielle Boulet spoke about the CCIR’s strategic plan in a speech to the Canadian […]
By Canadian Underwriter | May 18, 2011
The Insurance Council of British Columbia has issued an order fining an insurance agency $20,000 for findings of misconduct occurring under two different owners over the course of three years.An investigative review committee (IRC) found that over the course of three years, the agency allowed the following to occur:• the Insurance Corporation of British Columbia’s […]
By Canadian Underwriter | May 13, 2011
3 min read
Pioneer Rehabilitation Clinic Inc. has pleaded guilty to knowingly making false or misleading statements to an insurer in order to obtain payment for goods and services provided to an insured in the Ontario Court of Justice in Toronto on May 12, 2011. The court ordered a conviction and a $50,000 fine. Pioneer must also pay […]
IBC has issued a legal bulletin providing information to insurers about handling notification of policy terminations, as well as payment of accident benefits claims, in the event of a possible postal strike.Canada Post and the Canadian Union of Postal Workers have failed to date to negotiate a new collective agreement, meaning Canadian postal workers will […]
Quebec’s financial services regulator, the Autorité des marchés financiers (AMF), is paying out $1.6 million in compensation to 28 investors defrauded in an investment scam in connection with former insurance broker and financial advisor Carole Morinville.In August 2010, the AMF suspended bank accounts and three companies operated by Morinville, who was a licensed insurance broker […]
By Canadian Underwriter | May 11, 2011
Over the objections of Temple Insurance Company, the Court of Queen’s Bench of Manitoba has allowed a dispute around a builders’ risk property insurance policy to proceed to the appraisal process seven years after the initial loss date. The Winnipeg Regional Health Authority, PCL Constructors Canada Inc. and Derksen Plumbing and Heating (1984) Ltd. brought […]
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.
