Claims
Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), has been chosen as a lead author of an Intergovernmental Panel on Climate Change (IPCC) report. Specifically, Kovacs will serve as lead author of Chapter 26, North America, of the Working Group II contribution to the IPCC’s Fifth Assessment Report (AR5). The appointment […]
By Canadian Underwriter | June 1, 2010
1 min read
The 2010 Ontario Insurance Adjusters Association (OIAA) Out of Town Conference was held May 13 and 14 in Hamilton, Ontario. The two-day ‘Hollywood Hits’ event included a trade show, seminars, a Hollywood Premiere Party, red carpet cocktails, a formal dinner and other exciting events. See all photos from this event at www.canadianunderwriter.ca/gallery
May 31, 2010
As of Sept. 1, 2010, as a general rule, the New Statutory Accident Benefits Schedule (SABS) enshrined in Ontario’s new auto insurance reforms “will govern claims processing relating to old accidents,” as well as “the determination of amounts payable by insurers on account of expenses paid to establish benefit entitlements arising out of old accidents,” […]
2 min read
Nova Scotia has kept its minor injury cap on pain and suffering awards for automobile accident injuries, but tripled its maximum limit to $7,500. The government announced amendments to the Insurance Act and draft regulations on Apr. 28. The amendments and regulatory changes will: • amend the definition of minor injury to mean strains, sprains […]
The Ontario Court of Appeal has refined the concept of “damages too remote for recovery,” recently distinguishingthefactsituationin Frazer v. Haukioja from that of the Supreme Court ofCanadacase, Mustapha v. Culligan of Canada Ltd. In Frazer, the Ontario Court of Appeal noted Grant Frazer was injured in a motorcycle accident on Nov. 25, 2001. Frazer was […]
3 min read
Recent amendments to Nova Scotia’s minor injury cap and definition will increase average bodily injury claims costs by 17 per cent, Oliver, Wyman Limited estimates. The Nova Scotia government announced amendments to the Insurance Act and draft regulations on Apr. 28, 2010. The amendments triple the minor injury cap’s maximum limit to $7,500. Oliver Wyman […]
The cost of domestic fuel oil losses can range greatly, from $30,000 on the low end to $900,000 for a really bad spill trapped under a large home; the result of a 900-litre tank that has either let go or been leaking for a while, according to Mark Samis, vice president of operations with Environmental […]
I’m writing this message on Mother’s Day, and Father’s Day will be right around the corner when this issue of Claims Canada hits the streets. I’m blessed and lucky to have two beautiful, intelligent and successful daughters who always spoil me on Mother’s Day, plus I get to spoil my eighty-eight year old Mom! For […]
By Patti Kernaghan | May 31, 2010
Preparing for the Inevitable; As Haiti and Chile begin the slow rebuilding process after earthquakes rocked each of the two countries, it's time for the Canadian insurance industry to take a closer look at its preparedness measures for when an earthquake strikes closer to home. Given the potential for a magnitude-8 earthquake in Vancouver and a magnitude-6 earthquake in Montreal, the need to have an emergency readiness plan in place is essential.
By Laura Kupcis | May 31, 2010
14 min read
At Cormier Adjusting Limited a familial environment means everybody is free to offer insight on how the company advances and grows.
5 min read
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