Industry
WHITE PLAINS, N.Y. – The children of comedian James McNair, who was killed in the New Jersey Turnpike crash that injured Tracy Morgan, are getting a $10 million settlement from Wal-Mart, court papers show. The documents also show that the children, Jamel McNair, 26, and Denita McNair, 19, are putting part of the payment toward […]
By Canadian Underwriter | March 20, 2015
2 min read
Police in Saskatchewan caught 245 distracted drivers last month, showed statistics released Friday by Saskatchewan Government Insurance (SGI). February’s traffic safety focus on distracted driving saw police issue 245 tickets. Driving while using a cellphone accounted for 184 of those tickets and also resulted in two vehicle seizures, SGI reported in a press release. In […]
A man who was successfully sued after punching another player in a hockey game is still required to pay damages for battery, even though the defendant is bankrupt, the Court of Appeal for Ontario ruled this week. Section 178 of the federal Bankruptcy and Insolvency Act stipulates several circumstances under which a person who is […]
4 min read
The Centre for Study of Insurance Operations (CSIO) announced Thursday it has certified Optimum General Inc. on its eDocs standard. eDocs is intended to let insurance brokers download policy documents from insurers’ computer systems to broker management systems, and to store those documents on BMSs without manual intervention. Montreal-based Optimum General’s offerings include home, auto […]
By Canadian Underwriter | March 19, 2015
Sections of an Ontario law aimed at reducing auto insurance claims costs, which would give inspectors power to enter premises without a search warrant and remove records for review, take effect in less than two weeks. Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act, is an omnibus bill that was passed into […]
NEW YORK – An agreement in which Target Corp. will pay US$10 million to settle a class-action lawsuit over a massive data breach in late 2013 received preliminary approval Thursday in the United States. U.S. District Judge Paul Magnuson gave his approval at a hearing Thursday in St. Paul, Minn. “Target really needs to be […]
3 min read
A survey of property and casualty insurance executives in Canada and the United States has found that while predictive modelling remains essential to performance success for personal lines insurers, its implementation remains uneven and inconsistent. On Thursday, Towers Watson announced the results of the Predictive Modeling Survey, a web-based survey of 52 Canadian & U.S. […]
Claims under the Saskatchewan’s Provincial Disaster Assistance Program are contributing to higher-than budgeted overall government spending this year, while lower-than-budged crop insurance claims are the main reason agriculture spending will be $44 million lower than expected in 2014-15, the provincial government announced Wednesday. Meanwhile, the 2015-16 budget, tabled Wednesday by Finance Minister Ken Krawetz, includes […]
Two weeks after the federal government published draft regulations on the demutualization of property & casualty insurance companies, the Supreme Court of Canada has dismissed an application, from plaintiffs who unsuccessfully sued an insurer over its demutualization, for leave to appeal. Last year, the Court of Appeal for Ontario upheld a 2012 decision by the […]
By Canadian Underwriter | March 18, 2015
ACE Group, one of the world’s largest multiline property and casualty insurers with operations in 54 countries, announced on Wednesday privacy and network liability coverage for private companies in Canada. The new offering includes the option to add the same broad privacy and network liability coverage that ACE offers on a standalone basis. “ACE’s private […]
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