Industry
An insurer has a duty to defend an insured against a plaintiff’s claim for bodily injury arising from his exposure to mould and/or bacteria despite a policy exclusion that suggests otherwise, an Ontario court has ruled.The court also disallowed the insurer from requiring the insured to retain counsel of the insurer’s choice.In Appin Realty Corporation, […]
By Canadian Underwriter | February 12, 2008
1 min read
Toronto Police Service (TPS) and the Insurance Bureau of Canada are continuing a criminal investigation into the activities of a ring that allegedly staged vehicle collisions for the purpose of committing insurance fraud, according to a TPS release. The allegations have not been proven in court.The TPS alleged that in this scheme, wrecked vehicles, which […]
Alberta’s Court of Queen’s Bench has struck down the Cdn$4,000 cap on minor injuries that arise from the use or operation of a motor vehicle, deeming it to be unconstitutional. In Morrow v. Zhang, two plaintiffs, Peari Morrow and Brea Pederson, suffered soft tissue injuries arising out of two separate automobile accidents, Associate Chief Justice […]
By Canadian Underwriter | February 11, 2008
2 min read
The Personal Property Security Act (PPSA) does not apply to a transfer of interest i.e. such as a vehicle to an insurer under a policy of insurance, the Ontario Superior Court of Justice has confirmed.In GE Canada Equipment Financing v. ING Insurance Company of Canada, GE asked the court to declare its security interests in […]
PPG has announced five new and four updated courses listed are recognized and can count towards I-CAR Gold Class Professionals, I-CAR Platinum Individual and AMI Accredited Automotive Manager designations. Courses being offered in 2008 include: MVP Advanced Collision Estimating Skills updated MVP Collision Centre Marketing new MVP Collision Repair Sales & Customer Service updated Managing […]
Manitoba Public Insurance (MPI) is launching a pilot project on Feb.9 aimed at keeping young children safe in vehicles.The Manitoba Child Car Seat Program will allow parents to have improved public education information via new videos, pamphlets and public presentations, MPI reports in a release. “Eight of 10 car seats in Manitoba are not used […]
By Canadian Underwriter | February 8, 2008
Aon Corporation is integrating its worldwide risk and insurance brokerage operations into a single global business, Aon Risk Services, with more than 26,000 colleagues in 120 countries and more than US$5 billion in revenues.”Everything we do is based on helping clients, or helping colleagues help our clients,” Greg Case, Aon Corporation president and CEO, said […]
In a study that might be of interest to D&O insurers, KPMG and the Economist Intelligence Unit have co-authored a report, ‘Forecasting with Confidence,’ which notes that “although organizations invest significant time and effort in this important task [of financial forecasting], only one in five currently produce a forecast that is reliable.” The report is […]
Studies on potential jurors have revealed some predisposition to the belief that all terror attacks in certain high-risk venues are predictable, regardless of the preventative measures taken or the lack of specific information available in advance of the attack, reports Risk Management Magazine (RM).The findings imply that an organization’s and insurer’s liability exposure and defence […]
Winmar Corporate has announced the sale of Winmar Toronto to Luis Salazar, president of LM Group of Companies (LMGP), David Machado, president of Winmar Brampton, and Jad Stammers and Mario Muscat.This strategic alliance brings Winmar together with LMGP, a supplier of drying and climate control equipment and diesel power generators. The venture puts full-service mitigation […]
By Canadian Underwriter | February 7, 2008
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