Industry
When it comes to broker-carrier interface technology, brokers want a clearer definition of what constitutes “real-time.”Brokers are expected to discuss and perhaps vote on a definition of “real time” while attending the Insurance Brokers Association of Canada (IBAC)’s annual general meeting in New Brunswick on Sept. 16-18. In IBAC’s Annual Report 2010, the association’s technology […]
By Canadian Underwriter | September 10, 2010
1 min read
The family of a man who was crushed to death while dismantling a truck flatbed for parts is not entitled to benefits because he was not fatally injured in an “ordinary and well-known activity to which automobiles are put,” an Ontario arbitrator has ruled.The parents of the deceased, Floyd Clause, have an auto scrap yard […]
Global reinsurers are shifting their domiciles from Bermuda back to Europe, particularly to Ireland and Switzerland, reports Standard & Poor’s (S&P’s).From the mid-1990s through 2007, Bermuda was the location of choice for reinsurers to establish new business. But the number of reinsurers moving to set up business in Europe has increased in the past few […]
2 min read
A golf cart is in fact an “automobile” under the Manitoba Public Insurance Corporation Act (MPIC), the Court of Queen’s Bench of Manitoba has ruled.Jeff Hruska sustained an injury to his right leg while a passenger in a golf cart in April 2003. He filed a negligence claim against the golf club and the golf […]
By Canadian Underwriter | September 9, 2010
Canadian property and casualty insurers have done a good job of keeping operational expenses in check, but are losing money on the claims side of the business, said Joseph Burtone, an assistant vice president at AM Best.Burtone spoke about the state of Canada’s property and casualty market at AM Best’s ‘Market Briefing: Canada’ seminar in […]
If an auto injury claim in Manitoba is denied on the basis that the damage was caused by a deliberate or willful act, a claimant does not have the option to have the Automobile Injury Compensation Appeal Commission (AICAC) review the decision, the Manitoba Appeal Court has found.Paule-Michelle Constantin reported to Manitoba Public Insurance (MPI) […]
A study examining ICBC’s investment in road improvements shows a correlation between those road investments and a reduction in fatal, severe-injury and non-injury crashes.The evaluation, conducted by Tarek Sayed, a civil engineering professor at University of British Columbia, and Paul Deleur, a transportation safety engineer, indicates ICBC’s investment in 102 road improvement projects showed a […]
Reinsurers and groups with reinsurance as a key component tend to have more advanced enterprise risk management (ERM) capabilities than purely primary insurers, reports Standard & Poor’s (S&P’s).In its report, Global Reinsurers Lead the Way in Enterprise Risk Management, S&P’s notes that among the insurance companies it rates around the world, reinsurers dominate its “excellent” […]
Opposition parties in New Brunswick are promising to follow Nova Scotia’s lead and increase the amount of New Brunswick’s cap on minor auto injuries from $2,500 to $7,500.The New Democrats made the announcement on Sept. 6 in the throes of the provincial election, which is to be held on Sept. 27. The Progressive Conservative party […]
By Canadian Underwriter | September 8, 2010
Hub International Limited (Hub) has acquired the shares of Sinclair Cockburn Financial Group (SCFG), a Toronto, Ontario-based insurance and financial services firm with approximately $11 million in annual revenues. Under the terms of the acquisition, Hub has acquired the property and casualty, personal insurance and group/life insurance operations of SCFG, but not SCFG’s mortgage and […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
