Claims
The B.C. Supreme Court has awarded almost $6 million to a woman who suffered a mild brain injury during a fall on the dance floor of a nightclub.Michelle Danicek is a lawyer who was involved in two separate incidents – a fall in a nightclub in April 2001 and a subsequent motor vehicle accident in […]
By Canadian Underwriter | August 11, 2010
2 min read
RSA has launched a new product designed to protect homeowners and small businesses that sell renewable energy to the Ontario government in the event of lost income. The product covers the actual equipment against all risks of direct physical damage and loss of income up to $5,000 directly resulting from the interruption of power generation […]
By Canadian Underwriter | August 9, 2010
1 min read
Quebec’s securities regulator, the Autorité des marchés financiers (AMF), has blocked the accounts and companies of a former insurance broker as part of its investigation into an alleged $1.4-million Ponzi scheme.Acting on the authority of an administrative tribunal, the Bureau de décision et de révision (BDR), the AMF has suspended bank accounts and three companies […]
By Canadian Underwriter | August 6, 2010
The National Oceanic and Atmosphere Administration (NOAA) has lowered the upper bounds of its 2010 hurricane season forecast.The NOAA’s updated forecast includes: •14 to 20 named storms (the initial forecast called for 14 to 23);•8 to 12 hurricanes (the initial forecast called for 8 to 14); and•4 to 6 could be major hurricanes (the initial […]
MANITOBA CALLS FOR FRAUD ENDORSEMENT IN BROKERS’ E&O INSURANCE Manitoba licensed insurance agents are now required to have an endorsement that covers fraud and dishonest acts as part of their mandatory errors and omissions insurance. The amendment to the Insurance Agents & Adjusters Regulation was implemented on May 31, 2010, but allows for a one-year […]
July 31, 2010
Born in 1910, Sam Green of Canada Salvage talks to Canadian Underwriter about his interest and professional career in salvage -- a way of life that has spanned about eight decades.
By David Gambrill, Editor | July 31, 2010
5 min read
SGI Canada has received a total of approximately 4,700 property and auto insurance claims as a result of the foul weather plaguing Saskatchewan over the past few months. All told, since April 2010, there have been 3,000 property claims estimated at over $47 million and close to 1,700 vehicle claims estimated at $10 million as […]
A tornado tore through Midland, Ont. on June 23, the third tornado of the season in Ontario. A severe thunderstorm and funnel cloud ripped through the southern part of Midland, damaging property and forcing the community to declare a state of emergency. Environment Canada confirmed a tornado touched down, but the exact timing, length, width […]
Impending ‘solar storms’ may disrupt the earth’s magnetic field and wreak twenty times more economic damage than Hurricane Katrina, NASA scientists warn. A solar wind is a stream of charged particles, mostly electrons and protons, spewed from the sun. Should the streams of particles strike the Earth’s magnetic field, they have the potential to modify […]
Developing industry-wide delivery standards for third-party medical examinations and standards for training and experience of assessors in auto-related injury claims are among the Financial Services Commission of Ontario (FSCO)’s top priorities for 2010. In its 2010 Statement of Priorities, FSCO says it will be taking the following initiatives, among others, to support automobile insurance reform: […]
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