Industry
New Ontario regulations dealing with the handling of asbestos could affect insurers’ costs should asbestos be the subject of a claim.Regulation 278/05, which came into effect on Nov. 1, 2005 (the final two sections kicked in on Nov. 1, 2007), governs all work that disturbs or is likely to disturb asbestos-containing material (ABM) in provincially-regulated […]
By Canadian Underwriter | January 30, 2008
1 min read
There’s a new insurance litigation boutique in Toronto called Thomas, Gold & Pettingill LLP.And if its roster of lawyers includes names recognizable from the insurance litigation section of Cassels Brock & Blackwell, that’s because seven of the lawyers in the new boutique firm came from Cassels Brock.As reported in the National Post, Cassels Brock’s insurance […]
2 min read
As technology plays a bigger role in the claims process, the independent adjuster will increasingly be called upon to communicate at all times with members of the public and the insurance industry, potentially necessitating the advent of the “night shift” adjuster. Traditionally, the adjuster’s base working hours have been more or less between 9 a.m. […]
By Canadian Underwriter | January 29, 2008
Manitoba Public Insurance (MPI) is the target of an attempted fraud in which telephone solicitors offered to renew Autopac policies.People posing as telephone solicitors contacted several people in Southern Manitoba recently and offered to renew their Autopac policies, an MPI statement says.The caller claimed to be acting on behalf of MPI and instructed the customer […]
Insurers, in trying to scrimp on litigation claims costs, may inadvertently be allowing the insurance defence bar to wither away on the vine, a senior member of the bar told members of the insurance industry attending the 41st annual CICMA/CIAA joint Conference held in Toronto. Guest speaker Brian Elkin of Lavery deBilly LLP said he […]
Forty per cent of collision repair centres responding to a Canadian Collision Industry Forum (CCIF) survey noted they have suffered a loss of tradespeople within the last year, potentially affecting the cycle times of car repairs and, as a result, affecting insurers’ costs. On average, a collision repair shop has five technicians on staff, the […]
By Canadian Underwriter | January 28, 2008
As Canadian auto insurers face an increasing frequency of claims, auto manufacturers are poised to introduce new technology as early as 2010 that would make cars significantly more expensive to fix, though less likely to crash.Greg Horn of Mitchell International cited new technology among his “top five key trends” that promise to change the collision […]
Ontario’s auto market is quickly becoming the main crisis point for the insurance industry, as loss ratios, particularly in accident benefits, climb to unprofitable levels, warns Joel Baker, president and CEO of MSA Research Inc., in the latest MSA/Baron Outlook Report.In the Ontario auto insurance market, for the first nine months of 2007: the accident […]
British Columbia public safety minister John Les has asked motor vehicles superintendent Steve Martin to study the issue of cell phone use in cars and report back by the end of February, according to a report by bclocalnews.com.Les told the news service that he didn’t “want to presuppose what I’m going to be presented with. […]
By Canadian Underwriter | January 25, 2008
FSCO has approved 2007 Q4 auto insurance rates that averaged +0.08% based on the entire market.During 2007 Q4, for the 20.21% of the Ontario auto insurance market that had rate changes approved, the average rate change was +0.41%, when weighted by market share.Rate changes approved over the past four years are as follows:2004: -10.60%2005: -2.43%,2006: […]
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