Claims
The Insurance Council of British Columbia, which licenses and regulates the province’s insurance agents, salespersons and adjusters, says it is concerned about the number of breaches in confidentiality it has encountered over the last 12 to 18 months.”Licensees handle and have access to a large amount of confidential information and their clients depend upon their […]
By Canadian Underwriter | November 10, 2009
2 min read
Hurricane Ida is losing momentum as it heads towards the Gulf Coast, with hurricane warnings for U.S. gulf coast states being changed to tropical storm warnings. The National Hurricane Center issued an advisory on Nov. 6 indicating that Ida had reached hurricane intensity. By Nov. 7, winds were 165 km-h and Ida was upgraded to […]
By Canadian Underwriter | November 9, 2009
1 min read
In response to risks that span across geo-political boundaries — climate change, global economic recession, political risks, etc. — Swiss Re is calling for the establishment of ‘country risk managers’ to help prioritize and co-ordinate holistic risk management approaches.Country risk managers would take responsibility for national and international co-ordination of risk perceptions and management strategies, […]
By Canadian Underwriter | November 2, 2009
2009 Annual Toronto Fraud Forum; Ontario's no-fault accident benefits system offers multiple opportunities for fraud. Claimants need more incentives to get healthy and out of the system.
By Donna Ford | October 31, 2009
6 min read
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 to Insurance Bureau of […]
By Canadian Underwriter | October 30, 2009
The Insurance Corporation of British Columbia (ICBC) is appealing a B.C. Supreme Court decision to award a woman Cdn$12.5 million in damages, an ICBC representative has told Canadian Underwriter.After a five-day trial, a jury awarded the insured Cdn$6.5 million in personal damages, $5.6 million for loss of future earnings and $335,000 for future care, the […]
Insurance Bureau of Canada (IBC) has approved Cdn$1-million pilot project for a new municipal risk assessment tool that will help insurers assess climate change risks.The new tool is intended to collect key data that will help insurers better understand the risk of future water and other climate-related claims.The federal government has picked up half of […]
An insurer’s suspicion about the potential for litigation is not enough of a reason to grant plaintiffs access to insurer documents subject to solicitor-client privilege, the Ontario Superior Court has ruled.In Kavanagh v. Peel Mutual Insurance Company, the court upheld the law of privilege in Ontario as set out in General Accident Company et al […]
By Canadian Underwriter | October 27, 2009
The Ontario Superior Court has upheld the insurer’s denial of a claim for allegedly stolen possessions that were moved into storage after a plaintiff abandoned his home.In Harris v. Home Trust Company, Steven Harris entered into a policy with Meloche Monnex, which insured the household goods within Harris’ home. In July or August of 2004, […]
All insurers should make the effort to answer the same eight questions about climate change initiatives that the U.S. regulator requires insurance companies in its jurisdiction to answer annually, said Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction. Kovacs spoke at the Autorité des Marchés Financiers’ Rendez-Vous in Montreal on […]
By Canadian Underwriter | October 26, 2009
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