Claims
Canadian Securities Administrators (CSA) commenced 124 securities proceedings in 2009, marking a decrease from the 171 proceedings commenced in 2008, according to the CSA’s 2009 Enforcement Report.The 124 matters were commenced against a total of 154 individuals and 112 companies.The CSA concluded 141 cases in 2009, involving 160 individuals and 103 companies. By comparison, the […]
By Canadian Underwriter | February 2, 2010
1 min read
Women in Insurance Cancer Crusade (WICC) platinum sponsor Cunningham Lindsey has launched an innovative fundraising event, ‘The Biggest Losers,’ that intends to turn personal losses into WICC’s gains. Employees Martin Moran, Albert Poon, John Seyler, Kenny Huang and Mike Laberge have accepted a challenge to lose weight over the next six months. Each will try […]
January 31, 2010
Insurance companies beset by fraudulent claims are under-reporting the fraud to police, according to a Statistics Canada report, Survey of Fraud Against Businesses. The report is based on a survey covering about 7,500 business establishments and head offices from the retail, banking, health and property insurance sectors. The study found just under half (about 45 […]
Is a jury capable of assessing damages in cases involving multi-accident scenarios, overlapping injuries and complicated medical evidence? In Hossnyv. BelairInsurance, an insured was injured in three separate motor accidents between 1997 and 2004, the first of which led to a trial before a judge. The judge’s decision on damages in the first accident was […]
2 min read
In Hartling v. Nova Scotia, the Supreme Court of Nova Scotia has thrown out a Charter challenge to the province’s $2,500 cap for minor auto injuries, saying the cap does not discriminate on the basis of either sex or disability. In his 104-page decision, Supreme Court of Nova Scotia Justice Walter Goodfellow said the evidence […]
The daughter of a woman who was injured in an auto collision and subsequently denied accident benefits is not entitled to collect benefits under her mother’s policy based on the loss of her mother’s care and guidance, the Ontario Superior Court has ruled. In Mirjagic v. State Farm Mutual Automobile Insurance Company, the plaintiff and […]
Nova Scotia’s government is moving ahead with its promised review of the province’s $2,500 minor auto injury cap. The government has issued a discussion paper entitled Concerning the Cap on Pain and Suffering Awards for Minor Injuries, and is calling for public input on the paper by Feb. 15, 2010. “The Office of the Superintendent […]
Ontario’s insurance regulator has approved a 2009 Q4 auto insurance rate increase of 2.49 per cent, based on the entire market. In the fourth quarter of 2009, for the 55.48 per cent of the province’s auto insurance market that had rate changes approved, the average rate change was +4.49 per cent, when weighted by market […]
There is a need to provide a clear definition for the word “incurred” under Ontario’s Statutory Accident Benefits Scheme (SABS), said Philippa Samworth, a partner at Dutton Brock LLP. Typically, “incurred” is interpreted to mean that a person has paid for an expense out-of-pocket, she told delegates of the Ontario Risk and Insurance Management Society […]
CIAA is in an important period of reflection and change and for an organization whose roots date back over five decades — this is a significant undertaking that will help shape the profession of independent adjusting in the years to come. As the president, I am honoured to be at the helm during this pivotal […]
By Patti Kernaghan | January 31, 2010
3 min read
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