Industry
The newly redesigned 2008 Dodge Grand Caravan has received an overall evaluation of “good” from the Insurance Institute for Highway Safety (IIHS). The vehicle received a “good” rating for its structure/safety cage and restraints during front crash tests, says the IIHS.During side impact tests with standard side airbags, measures taken from the dummy indicate a […]
By Canadian Underwriter | May 27, 2008
1 min read
Does a criminal act exclusion contained in a homeowner’s insurance policy apply to a man alleged to be not criminally responsible for burning down his house by reason of suffering a mental disorder?The question is certainly important enough that the answer should be determined at trial, the Ontario Superior Court of Justice determined in Cipkar […]
2 min read
Fifteen lives were saved and 271 injuries were prevented during 62,370 roadside inspections performed in 2007, according to the Commercial Vehicle Safety Association (CVSA).The CVSA sponsors Roadcheck, a program which dispatches federal, state, provincial and local inspectors to more than 1,000 locations across the continent to conduct comprehensive North American Standard Level I Inspections.There are […]
British Columbia’s Court of Appeal has agreed with B.C.’s public auto insurer, ICBC, that a trial judge erred by failing to apply an exclusion under the Insurance (Motor Vehicle) Act for mechanical failure or breakdown of any part of a motor vehicle.In Dawson Truck Repairs Ltd. v. Insurance Corporation of British Columbia (ICBC), a three-judge […]
By Canadian Underwriter | May 26, 2008
Canadian corporate directors should be well aware of the terms and conditions of their directors’ and officers’ (D&O) insurance policies long before the policies are triggered, the Canadian Institute of Chartered Accountants (CICA) says.”Board members are well advised to take an active interest in their indemnification and insurance arrangements, rather than relying solely on the […]
The Canadian Council of Insurance Regulators (CCIR) is preparing to release reports on its ‘Privilege Model’ and on managing potential conflicts of interest, both to be released later this year.The CCIR’s privilege working group has completed its final report outlining the process followed in developing its privilege model, which outlines the extent to which insurers […]
Pembridge Insurance Company has issued a warning to Alberta consumers “that there is the potential that some Pembridge Insurance Company automobile policies may have been fraudulently sold to consumers in Alberta.”The Pembridge notice requests Alberta policyholders that have “purchased an auto insurance policy from a representative of Bell Insurance Services [to] please contact Pembridge Consumer […]
By Canadian Underwriter | May 23, 2008
Alberta’s court ruling that eliminated the province’s Cdn$4,000 cap on minor auto injury claims has led some experts to estimate that mandatory coverages in that province are under-priced by 25%, said Julie Dickson, superintendent of OSFI.Dickson made the remark during a recent speech at the Langdon Hall Property and Casualty Insurance Industry Forum in Cambridge, […]
Insurance for business interruption related to avian flu will be made available to Ontario’s poultry producers in July 2008, BetterFarming.com reports.The online professional farming publication reports that the reinsurance company involved in the Cdn$1.5-million pilot project is Endurance Reinsurance of America. Echelon Inc. of Mississauga is the primary insurer.The insurance program will be offered to […]
To recognize and encourage students pursuing careers in commercial brokerages, the Toronto Insurance Conference (TIC) has created the Commercial Brokers Award in association with Fanshawe College. An award of Cdn$1,500 will be presented annually for the next five years to a second-year student with a GPA of 3.0 or higher and no failures or withdrawals, […]
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