Claims
More than 1,800 ideas designed to improve Canadian communities were submitted to Aviva Canada Inc.’s ‘Aviva Community Fund’ competition.The Top 62 now move into the semi-final round.In the semi-final round, the ideas will continue to vie for votes until Dec. 16, 2009, when the 25 most popular entries will become finalists and move onto the […]
By Canadian Underwriter | December 2, 2009
1 min read
The year 2009 will go on record as the quietest in the Noughties (the first decade of millennium) for windstorm activity, reports Lloyd’s.In total, there were only nine named storms, three hurricanes and two major hurricanes in 2009. This activity was far below the average for 1995-2008 (61%, 38% and 51% respectively). The benign storm […]
An apparent split between the federal and provincial jurisdictions over the question of “insuring in Canada a risk” may cause more provincial regulators to state divergent views from those of the Office of the Superintendent of Financial Institutions (OSFI), says a paper for the International Law Office published by Lang Michener LLP.Authored by Frank Palmay […]
By Canadian Underwriter | December 1, 2009
2 min read
The total global cost to insurers of natural catastrophes and man-made disasters in 2009 was US$24 billion, versus US$50 billion worldwide in 2008, according to initial estimates published in Swiss Re’s forthcoming sigma study. “Insured losses were below average due to a calm U.S. hurricane season,” Swiss Re reports. Worldwide, natural catastrophes will cost insurers […]
By Canadian Underwriter | November 30, 2009
The evidence of what causes a fire is generally consumed in the fire, Richard Lindsay, founding partner of Lindsay Kenney LLP in British Columbia, said. This makes subrogation a little different in a fire-related case, he told delegates attending the National Association of Subrogation Professionals’ Canadian Chapter’s training and education seminar in Toronto. “A lot […]
November 30, 2009
Pollution liability arising from permafrost degradation, climate change disclosure and risks associated with new shipping lanes are among the emerging insurance implications of climate change in Canada’s North, according to a report by the National Round Table on the Environment and the Economy (NRTEE). The insurance section of the report, True North: Adapting Infrastructure to […]
As the Health Claims for Auto Insurance (HCAI) pilot is re-launched, so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to the HCAI project and not as a training tool, Allison Brand, senior business advisor with […]
Canadian insurers and insurance brokers have responded favourably to the auto insurance reform package introduced by the Ontario government on Nov. 2, 2009. Insurance Bureau of Canada (IBC) said the government’s reforms to the Ontario auto insurance system “address affordability of premiums while at the same time maintaining robust benefits — two of the industry’s […]
For insurance defence counsel, hope is receding that federal privacy legislation related to insurance investigations and surveillance will be aligned in the future with the comparatively more straightforward provincial privacy legislation found in B.C. and Alberta. John Beardwood, partner in Fasken Martineau DuMoulin LLP’s Toronto office, made the observation in an address at Insurance Bureau […]
Insurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when such signs arise, according to IBC investigator Kathy Metzger. Insurers must be vigilant in preventing organized crime, Metzger told delegates attending the National Association of Subrogation Professionals’ Canadian Chapter’s training and education seminar. The seminar was […]
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