Industry
The Law Society of Upper Canada is now responsible in law for regulating independent paralegals, including Statutory Accident Benefits Schedule (SABS) representatives.FSCO has been consulting with the law society on how the transition to paralegal regulation by the law society will take place.Currently, SABS representatives are required under the Insurance Act to file a declaration […]
By Canadian Underwriter | May 14, 2007
2 min read
The Supreme Court of British Columbia recently awarded a widow $6.4 million, $4.2 million of which was for the potential loss of support due to her husband, a laser eye surgeons, death in a 2002 car accident.In July, 2002 Barry Carter was driving a van owned by his employer, a cable company, when he went […]
Tom Reikman has been appointed to the position of senior vice president, marketing, of Aviva Canada Inc. In his new role, Reikman will be responsible for leading the corporation marketing team and working closely with the regional teams and broker partners to continue to build Avivas market presence, an Aviva release says.He brings extensive industry […]
By Canadian Underwriter | May 11, 2007
1 min read
Ambiguity in policy wording often benefits the insured and not the insurer, Anthony Cole, Associate at McCague Peacock Borlack McInnis & Lloyd LLP, told attendees at the Canadian Independent Adjusters Association Ontario regional educational seminar.Ambiguity is sort of in the eye of the beholder. Cole said. [Policy is] not always as clear as the drafter […]
The Insurance Brokers Association of Ontario (IBAO) was honoured with the Partner in Safety Award by the Ontario Students Against Impaired Driving (OSAID) for financial contributions and support lent to the organization over the years. The association received the award for its continued support of OSAID activities throughout the years, with a $19,000 donation made […]
The Insurance Brokers Association of Alberta [IBAA] has made several adjustments during its recent convention in Jasper Alberta, one of which was a name change.At its AGM on May 7, the association voted to drop the word independent from its original moniker, the Independent Insurance Brokers Association of Alberta (formerly the IIBAA).The association also noted […]
By Canadian Underwriter | May 10, 2007
Mitchell International has released a report examining owner/policy-holders experience with direct repair programs and the impact on satisfaction and loyalty. According to researchers, in the collision repair industry, customer satisfaction and customer loyalty are more closely linked than in other markets. Because of the nature of automotive collisions, the most important transaction a repair shop […]
By Canadian Underwriter | May 9, 2007
Canadas privacy commissioner is imploring governments and businesses to take action against identity theft, calling it a pervasive problem for Canadians.Commissioner Jennifer Stoddart addressed the Standing Committee on Access to Information, Privacy and Ethics, which just released a study on the issue.At the moment Canada lacks a clear picture of the prevalence of identity theft […]
Chubb Insurance Company of Canada has doubled its identity fraud coverage limit to $50,000 for expenses related to reestablishing the claimants identity. The insurer has also increased its coverage to include expenses accrued from real estate and mortgage fraud. Both enhancements take effect immediately to customers with Masterpiece Personal Liability and Masterpiece Family Protection policies. […]
By Canadian Underwriter | May 7, 2007
SGI Canada (SGI) is now a full partner of the Broker Identity Program, according to Insurance Brokers Association of Canada (IBAC). The program has been in effect since 1989 and serves as a branding campaign for insurance brokers. We are pleased that an insurer as innovative as SGI supports the ability to represent the very […]
By Canadian Underwriter | May 3, 2007
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