Claims
The Insurance Brokers Association of B.C. (IBABC) is acting as an intervenor in the province’s first complaint to the B.C. Privacy Commissioner about the use of credit scoring in an insurance transaction. Currently, it is legal for insurers in B.C. to use credit scoring for the purpose of underwriting insurance. IBABC has called for a […]
By Canadian Underwriter | October 21, 2010
1 min read
Tim Hudak, leader of the Ontario Progressive Conservative Party, has vowed to crack down on fraudsters working in the auto insurance system should he become premier. Hudak addressed the Insurance Brokers Association of Ontario’s 90th Annual Convention in Niagara Falls on Oct. 21, 2010.”I believe if you want to achieve real savings with auto insurance […]
2 min read
The efficacy of waivers in reducing a company’s risk exposure is uneven in Canada, and is more likely to be effective in B.C. than in Ontario, according to Lorne Folick, senior partner at Dolden Wallace Folick LLP.Folick was discussing liquor liability, waivers and damage awards in an address to the AEGIS Coverholders Conference in Toronto […]
Demand for professional indemnity (PI) coverage by the legal profession surged nearly 400% over 2009 leading up to Oct. 1 renewals, reports Aon.By August 2010, Aon reported receiving nearly four times the number of proposals than the same time last year. Aon suggested a fear of lack of availability spurred the early spike in demand. […]
By Canadian Underwriter | October 20, 2010
On an “expenses incurred” issue, an Ontario arbitrator has found a claimant catastrophically injured in a car accident is not obligated to purchase a new home before an insurer is liable to pay home modification benefits.Nevertheless, the arbitrator added, in the absence of an “invoice” to the insurer proving the purchase of a new home, […]
By Canadian Underwriter | October 19, 2010
3 min read
Small business owners in Canada were increasingly affected by inclement weather in 2009, but they aren’t prepared to change their insurance programs because of it, according to a recent Leger Marketing poll.RSA Canada commissioned the poll, which found that 98% of small business owners aren’t planning to upgrade their insurance even though 61% per cent […]
By Canadian Underwriter | October 18, 2010
The credit crisis may have abated, but the pace of securities lawsuit filings in the United States has quickened, according to an Advisen report.The report, sponsored by Ace, notes 284 securities lawsuits have been filed so far in 2010 Q3. If this pace continues, the number of filings in 2010 will surpass the total of […]
By Canadian Underwriter | October 14, 2010
Ontario’s courts seem to be in a quandary about the timing of hearing a threshold motion in a jury trial. A threshold motion under s. 276.5(15) of the Insurance Act determines whether an auto injury is “serious or permanent.”The quandary is this: If the threshold motion is heard and decided before a jury renders a […]
By Canadian Underwriter | October 13, 2010
The risk profile of a company director is increasingly becoming synonymous with the risk profile of the entire company, according to Jordon Solway, general counsel and vice president at Munich Canada.Solway spoke at a D&O seminar sponsored by the Ontario chapter of the Association of Corporate Counsel (ACC) Canada. Held on Oct. 12, the seminar […]
Insurers not wishing to be vulnerable to special awards in arbitration must be prepared to reassess new information contradicting reports upon which the denial of a claim is based.In Sanmuganathan Elaiathamby and State Farm Mutual Automobile Insurance Company, Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), overturned an arbitrator’s initial finding that a […]
By Canadian Underwriter | October 12, 2010
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.
