Claims
Toronto drivers are increasingly being charged for driving without insurance, according to Toronto Police Services statistics cited in a CTV report.According to CTV, the number of Toronto drivers charged annually for operating a motor vehicle without insurance is as follows:•2009: 5,744 charges•2010: 6,228 charges•2011 to date (Apr.18, 2011): 1,646 chargesIf the 2011 numbers above were […]
By Canadian Underwriter | April 19, 2011
1 min read
The 2011 Honshu earthquake in Japan may not have been a market-changing event in its own right, according to a Natural Catastrophe Audio Briefing by JLT Specialty Ltd., but on the heels of the New Zealand earthquake in 2011, the Australian fires, the Chilean earthquake and the European floods of last year – and without […]
2 min read
Severe thunderstorms, hail, high winds and tornadoes ripped across the Midwest and Southeastern United States on Apr. 14-16, killing more than 40 people, cbcnews.ca reported. The event will likely produce “significant insured losses,” particularly in North Carolina and Virginia, where high winds caused significant damage to suburban neighbourhoods and business districts, AIR Worldwide reported. The […]
By Canadian Underwriter | April 18, 2011
The Canadian Taxpayers Federation (CTF) is calling on Saskatchewan’s government to follow the stated intentions of the Manitoba government to stop paying no fault accident benefits to car thieves injured while driving stolen vehicles.In a press release on Apr. 15, Manitoba attorney general Andrew Swan confirmed he will be “moving forward during this legislative session […]
Physical and psychological impairments should not be combined for the purpose of catastrophic determination, according to an expert panel appointed by the Financial Services Commission of Ontario (FSCO) to draft a new definition of catastrophic impairment.The FSCO panel released its draft report, part of the province’s auto insurance reform package, on Apr. 15, 2011. Stakeholders […]
By Canadian Underwriter | April 15, 2011
An adjuster’s alleged comment leading an insured to believe there was “no need to sue” an insurer for payment of a vehicle loss may be a legitimate defence against an expired limitation period, and is thus a genuine issue for trial, the Ontario Superior Court has found.In Whorpole v. Echelon General Insurance, the court cited […]
By Canadian Underwriter | April 12, 2011
Multiple submissions for medical and rehabilitation assessments and treatment under the Statutory Accident Benefits Schedule (SABS) are creating difficulty for adjusters in determining which submission gets priority in payment, said Laurie Walker, McLarens Canada’s director of Ontario auto accident benefits.The new Minor Injury Guideline provides $2,200 for treatment blocks and payable fees without the need […]
By Canadian Underwriter | April 11, 2011
Brokers relying solely on the mandatory mailings explaining the new optional benefits scheme in Ontario’s auto insurance regime may find themselves liable, cautioned Stephen R. Moore of Blaney McMurtry LLP.Moore spoke during the Canadian Defence Lawyers Accident Benefits Conference in Toronto on Apr. 8. His seminar was entitled, ‘Broker Liability: Another Pocket to Pick.’Moore pointed […]
Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), is planning to conduct a number of market conduct reviews in 2011 – one to assess compliance with the province’s auto insurance reforms, and another one concerning the suitability of product recommendations.FSCO listed these reviews among its top priorities for 2011.Outlining the rationale for the […]
A magnitude Mw7.1 earthquake occurred offshore the east coast of Honshu, Japan on Apr. 7, an ‘aftershock’ of a more powerful Mw9.0 earthquake that devastated the same area on Mar. 11, 2011.The Japanese Meteorological Agency issued a local tsunami warning for Miyagi Prefecture after the Apr. 7 quake, with an expected wave height of up […]
By Canadian Underwriter | April 8, 2011
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