Claims
McLarens Canada dispatched its catastrophe adjustment team to St. Lucia to respond to the damage caused by Hurricane Tomas.The Category One hurricane hit the Caribbean Island on the weekend of Oct. 30, killing 14 people and causing widespread destruction that is expected to surpass US$100 million, a McLarens release says. “McLarens Canada’s CAT Team will […]
By Canadian Underwriter | November 5, 2010
1 min read
Insurance Brokers Association of Ontario (IBAO) is applauding a private members bill that calls for an outright ban on the use of credit scoring in personal lines insurance in Ontario. Liberal MPP Mike Colle introduced private member’s Bill 130: The Homeowners Insurance Credit Scoring Ban Act, 2010, and it passed first reading. The bill calls […]
By Canadian Underwriter | November 4, 2010
2 min read
The Co-operators has wrapped up the first part of a social media project, CSR: Co-operators Sustainability Race, developed in partnership with the David Suzuki Foundation. CSR is a social media platform hosted on a dedicated micro-site. It includes participant profiles and daily tracking of each person’s sustainability-related activities, as well as a vast collection of […]
By Canadian Underwriter | November 3, 2010
Insurance Brokers Association of Ontario (IBAO) is urging the Ontario government to ban the use of credit scoring to price home and personal property.IBAO president Bryan Yetman spoke at Queen’s Park as part of the association’s Awareness Day. In his speech, he suggested the correlation between a person’s credit score and his or her likelihood […]
By Canadian Underwriter | November 2, 2010
The Autorité des marches financiers (AMF) has ordered Trisura Guarantee Insurance Company to cease distributing its replacement insurance product.GWPco Inc. and motor vehicle dealers were distributing the product, an AMF release says. GWPco is not authorized to market the replacement insurance products and Trisura is not authorized to issue this type of contract, the release […]
Arbitrators are all over the map when it comes to ordering special awards, but as of late there have been more cases finding against an insurer. “There is really a subjective element that comes into it, or, as some would say, a fact-based element that obviously comes in to each of these cases,” said Leilah […]
By including a health practitioner’s travel and translation costs within a $2,000 limit on auto insurance accident benefits assessments, the new Ontario auto insurance reforms may be heading down the highway towards a Charter challenge.”On the issue of including the transportation costs and the translation costs, I would think that’s a Charter issue that would […]
By Canadian Underwriter | November 1, 2010
Arbitration is supposed to offer a cheaper, quicker alternative to the courts when resolving accident benefits disputes, but the current reality is completely different, Lawrence Blackman, director delegate at the Financial Services Commission of Ontario (FSCO), says.At the Canadian Defence Lawyers (CDL)’s 3rd Annual Accident Benefits Experts Seminar in Toronto on Nov. 1, 2010, Blackman […]
The Law Society of Upper Canada is recognizing Bruce Thomas, a founding partner of Thomas Gold Pettingill LLP, for practicing law for 50 years. Thomas specializes in insurance law and will be granted a lifetime membership in the Law Society for practicing for 50 consecutive years.”Bruce’s love for practicing law makes him as effective today […]
By Canadian Underwriter | October 29, 2010
Insuring real estate professionals on a E&O policy is particularly challenging for underwriters because of the vulnerability of appraisers, the fact that plaintiff’s experts are only too willing to testify against their own, and trials are highly emotionally charged and difficult to settle.Gary Nijman of Alexander Holburn Beaudin & Lang LLP raised these points during […]
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