Claims
After side-swiping the North Carolina coastline, a weakened Hurricane Earl is heading in the direction of Nova Scotia as a Category 2 hurricane.The Canadian Hurricane Centre said in a statement on Sept. 3 that hurricane watches are in effect for Halifax, Lunenburg, Queens, Shelburne, Yarmouth and Digby counties of Nova Scotia.In addition, tropical storm warnings […]
By Canadian Underwriter | August 30, 2010
1 min read
If a claimant has not submitted an OCF-1 form (Application for Accident Benefits) to an insurer, it does not automatically disqualify them from being considered to have provided a completed application for accident benefits, Ontario’s Court of Appeal ruled. Four people travelling in a car were injured in a car accident in 2006. Francisco Quintera […]
By Canadian Underwriter | August 27, 2010
2 min read
Catastrophe losses for the first half of 2010 have already exceeded the $5 billion of catastrophe losses reported for the whole of 2009, reports Fitch.Fitch evaluated data from 50 U.S. property/casualty insurers and found that underwriting results took a hit in 2010 H1 as a result of $8.3 billion in catastrophe losses. The figure is […]
Should New Brunswick elect a Progressive Conservative government in the coming provincial election, the Insurance Bureau of Canada (IBC) will work with the newly elected government should it fulfill its election promise to review the province’s minor injury cap. IBC believes the cap $2,500 cap on minor injury benefits is working well for New Brunswickers. […]
By Canadian Underwriter | August 26, 2010
A $25 billion loss would stop the global reinsurance market’s downward pricing trend, but an $82 billion loss would be required to turn the market, according to a panel of experts on an AM Best webinar.During the webinar, ‘State of the Global Reinsurance Market: Where the Hot Spots Are and Who’s in Them?’ a panel […]
By Canadian Underwriter | August 25, 2010
Manitoba Public Insurance has filed a lawsuit against a pair of teenage “chronic” car thieves, dubbed ‘Bonnie and Clyde’ by some local justice officials and media.The suit is a $53,000 statement of claim against a 16-year-old girl and an 18-year-old boy, stemming from an alleged spree of car thefts and vandalism, said MPI spokesperson Brian […]
By Canadian Underwriter | August 24, 2010
The Ontario Court of Appeal has overturned a conviction of driving while disqualified because the Crown failed to link a licence suspension order with the offence that resulted in the suspension.In March 2005, David Suho Chuang was convicted of dangerous driving and received a two-year licence suspension. Once the suspension lapsed, Chuang failed to take […]
By Canadian Underwriter | August 19, 2010
Inspection and loss control provider iv3 Solutions has merged with Canadian Underwriting Services (CUS).The merger creates the second largest provider of unique property information, inspection and loss control services in the Canadian property and casualty industry, with the goal of becoming North America’s largest inspection and property data services company within the next five years, […]
By Canadian Underwriter | August 18, 2010
The trend of making mandatory the use of alcohol interlocks for first-offender intoxicated drivers is emerging in Canadian and U.S. jurisdictions, but the trend is challenged by often-ineffective implementation, according to the Traffic and Injury Research Foundation.In its report The Implementation of Alcohol Interlocks for First Offenders: A Case Study, TIRF examines the state of […]
By Canadian Underwriter | August 17, 2010
Winnipeg police have laid criminal organization charges as part of its ongoing investigation into an auto insurance fraud ring.According to the Winnipeg Sun, this is the first time an auto insurance fraud investigation is believed to have resulted in organized crime charges. In August 2009, a series of arrests were made as a result of […]
By Canadian Underwriter | August 16, 2010
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