Claims
A golf cart driving illegally along an Ontario highway without insurance is a “motor vehicle” for the purpose of determining accident benefits, an Ontario arbitrator has ruled.Wilhelmina Margaret Buckle was seriously injured on June 14, 2003, when she fell off a golf cart that had been driving illegally on a public highway. Financial Services Commission […]
By Canadian Underwriter | February 16, 2011
2 min read
The Insurance Council of Australia has essentially doubled the estimated insured losses arising from the Queensland floods to $2 billion. Preliminary estimates fell into the $150-million range, and by Jan. 31, 2011 ICA increased its estimate to $1.15 billion. To date, 43,755 claims have been received, insurers have completed 77% of initial claims assessment, and […]
1 min read
Registered Insurance Brokers of Ontario (RIBO), the self-regulating body for Ontario’s brokers, opened 12 fewer complaint files related to Code of Conduct issues in 2009-10, according to latest annual report.This accounted for the main difference in the total number of files opened in 2009-10 and the previous year of 2008-09. In total, the regulator opened […]
British Columbia’s Supreme Court has found a cyclist entirely at fault in a collision involving a car and a bicycle. In Ireland v. McKnight, Lionel Ireland, a doctor, was riding his bike home from work on Sept. 4, 2007 when he was involved in a “career-ending” collision with a car being driven by Casey McKnight. […]
By Canadian Underwriter | February 15, 2011
The death of a Manitoba teen on her way home from a friend’s birthday party is bringing the issue of host liability back to the courts. A 15-year-old girl, Tamara Aller, died on her way home from a friend’s 18th birthday party on Feb. 14, 2009. The party was held at the house of the […]
By Canadian Underwriter | February 14, 2011
The Insurance Brokers Association of Canada (IBAC) says the federal government’s draft Bank Act regulations, which prohibit banks from promoting unauthorized insurance services on their Web sites, provide consumers “with clear protection from coercion by banks when it comes to insurance.”IBAC represents more than 33,000 property and casualty insurance brokers across Canada.”This is a great […]
Canada’s Department of Finance has published proposed amendments that would prevent banks from promoting non-authorized insurance products on its Web sites.Also in its proposed amendments, the government would prohibit banks from carrying on business “adjacent to the premises of an insurance company, agent or broker” unless the bank “clearly indicates to its customers” that its […]
Finding that a trial judge misapplied the law related to the conversion of stolen vehicles, the B.C. Court of Appeal has ordered a re-trial in a case involving a man accused of allowing his motor vehicle dealership to be used as a vehicle “chop shop.” The Insurance Corporation of British Columbia (ICBC) was successful in […]
By Canadian Underwriter | February 11, 2011
Ontario Member of Provincial Parliament Mike Colle (Eglinton-Lawrence) has launched a petition calling for an extension of the ban on the use of credit scoring to personal property.Colle was vocal in the banning of the use of credit scoring in auto insurance in 2005. In November 2010, he tabled Bill 130: The Homeowners Insurance Credit […]
Intact Financial Corporation has adopted a shareholder rights plan, effective Feb. 9.”The plan is intended to ensure the fair treatment of Intact’s shareholders in any transaction that would result in a change of control of the company,” the company announced in a press release. “The plan also provides the board of directors and the shareholders […]
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