Claims
The 2010 Atlantic hurricane season will likely bring above average activity, predicts Colorado State University’s Department of Atmospheric Science.In their six- to 11-month, extended-range forecast, Philip J. Klotzbach and William M. Gray estimate a 64% chance of at least one major hurricane (Category 3, 4 or 5) hitting the entire U.S. coastline. The average for […]
By Canadian Underwriter | January 6, 2010
1 min read
New Brunswick, one of only two provinces (in addition to Alberta) to allow the use of handheld devices while driving, is considering a ban on such use, cbc.ca reports.New Brunswick Public Safety Minister John Foran told cbc.ca that while the government has in the past opted for public education about the dangers of distracted driving, […]
By Canadian Underwriter | January 5, 2010
Manitoba Public Insurance (MPI)’s special investigations unit (SIU) has recovered nearly $30 million over the last three years in undeserved benefits and denied fraudulent claims. Roughly 3,000 suspicious claims were reviewed in 2009. Five of those made MPI’s 2009 list of Top 5 frauds. The Number 1 spot goes to “Mr. Bad Timing,” who claimed […]
By Canadian Underwriter | January 4, 2010
2 min read
Courts across the country are defining how insurers may use plaintiffs' Facebook pages to investigate potentially fraudulent claims.
By John Young & Jennifer M. Malchuk | December 31, 2009
6 min read
Corporate risk managers may wish to review their reputational risk in light of a new defence that protects publishers from defamation so long as their communications are found to be responsible and relate to matters of public interest.”Freewheeling debate on matters of public interest is to be encouraged and the vital role of the communications […]
By Canadian Underwriter | December 23, 2009
Three separate severe weather events occurring in Alberta and Ontario in 2009 caused insured damages totalling Cdn$637 million, according to figures released by the Insurance Bureau of Canada (IBC) IBC says the various storms highlight the need for urgent action in managing the impact of climate change.In Alberta, deadly windstorms tore through the province between […]
By Canadian Underwriter | December 22, 2009
Ontario’s Superior Court in IMAX has established a “relatively low” threshold to be met by plaintiffs seeking leave to proceed with a civil action for secondary market liability, according to Ogilvy Renault.The decision provides the first judicial interpretation of leave requirements that must be met when shareholders wish to bring a civil secondary market liability […]
By Canadian Underwriter | December 21, 2009
U.S. Senators Maria Cantwell (D-WA) and John McCain (R-AZ) have introduced a bipartisan bill that would prohibit U.S. commercial banks from engaging in all insurance activities, as well as prevent them from affiliating with investment banks. Essentially, the proposed bill would mark a return to the 1933 days of the Glass-Stegall legislative wall between commercial […]
By Canadian Underwriter | December 18, 2009
The Insurance Bureau of Canada says the Supreme Court of Canada’s refusal to hear an appeal against the province’s Cdn$4,000 minor auto injury cap is “good news for Alberta motorists,” and will open the door for a future review of the province’s overall 2004 reform package.”It marks the end of the uncertainty we’ve had since […]
By Canadian Underwriter | December 17, 2009
The Supreme Court of Canada has upheld Alberta’s Cdn$4,000 cap on minor auto injuries.By refusing to hear any further appeal of the Alberta Court of Appeal’s decision, which found the province’s cap on minor auto injuries was constitutional, Canada’s top court has effectively closed the final avenue for appeal against an important component of the […]
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