Claims
A defendant can still file a cross-claim for contribution and indemnity even after the limitation period of the plaintiff naming that individual has expired, Ian Gold, a founding partner of Thomas Gold Pettingill Lawyers, told delegates of the Ontario Insurance Adjusters’ Association (OIAA)’s annual conference.Gold delivered a presentation on casualty claim developments on Feb 9. […]
By Canadian Underwriter | February 10, 2011
2 min read
A recent Financial Services Commission of Ontario (FSCO) decision – which granted a special award when there were no benefits in dispute – should prompt adjusters to follow a set of best practices to avoid a similar decision in the future, Kadey B.J. Schultz, a partner at Hughes Amys LLP, told delegates of the Ontario […]
By Canadian Underwriter | February 9, 2011
New regulatory guidelines for handling and cleaning fuel spill sites will come into effect in July 2011, but not following the new standards now could put insurers at risk of residual liability. The new regulations, Soil, Groundwater and Sediment Standards for Use Under Part XV.1 of the Environmental Protection Act, were released in July of […]
The Registered Insurance Brokers of Ontario (RIBO) has received a number of calls regarding consumers caught in an insurance scam. Newspaper ads have been placed in several Ontario city newspapers – most recently in London, Ottawa and Toronto newspapers – advertising auto insurance from a company operating as ‘Security Insurance Inc.’ The ad suggests consumers […]
By Canadian Underwriter | February 8, 2011
1 min read
A winter storm that dumped 15-20 cm of snow in many areas of Ontario is estimated to have caused between $790 million and $1.4 million in insured losses in the United States prior to its arrival in Canada.AIR Worldwide said the ferocious U.S. winter storm — one of the largest since the 1950s — affected […]
By Canadian Underwriter | February 7, 2011
PartnerRe Ltd. estimates its losses stemming from the December 2010 Australian floods to be between $25 and $35 million, pre-tax.Losses are expected to be contained within the company’s catastrophe, global (non-U.S.) property and casualty and global (non-U.S.) specialty sub-segments.Also, as a result of the “significant number of losses that occurred in Australia and New Zealand […]
By Canadian Underwriter | February 4, 2011
Catastrophe modeller Eqecat forecasts losses stemming from the severe tropical cyclone Yasi to range from $2 billion to $5 billion. Yasi hit the flood-ravaged state of Queensland, Australia as a category 4 Saffir Simpson Scale cyclone on Feb. 3.Eqecat compared the storm to Cyclone Larry, a Category 3 cyclone that hit the same area in […]
By Canadian Underwriter | February 3, 2011
A gas-powered, miniature motorcycle known as a “pocket bike” is a motor vehicle under Ontario law, according to the Financial Services Commission of Ontario (FSCO).Accident benefits claimant Cassondra Bouchard was injured while riding a Honda CRF 50 Mini Bike owned by Kristin Stratton, who lived on private property near Uxbridge, Ontario. Stratton used the pocket […]
After weathering some of the worst flooding in the area’s history, residents of Queensland in Australia are now feeling the fury of Tropical Cyclone Yasi, a Category 5 storm packing heavy rains and winds of almost 300 mp-h.Yasi has been compared to Hurricane Katrina, a Category 3 storm that flooded New Orleans in 2005, in […]
By Canadian Underwriter | February 2, 2011
The B.C. Supreme Court ordered a Maple Ridge couple to reimburse ICBC more than $100,000 after being convicted of falsely claiming their expensive, leased truck was stolen, ICBC reported. Ronald and Jeannette LeBlanc reported their Chevrolet Super Sport Roadster truck stolen from their driveway in October 2004. Three years later, the vehicle was located in […]
By Canadian Underwriter | February 1, 2011
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