Industry
As we transition into the New Year, we observe that these are indeed transitional times for Canada’s property and casualty insurance industry. Right now, the industry’s story appears very much to be a grey zone between two market cycles. Insurance company CEOs have noted at various conferences throughout the latter part of 2008 that by […]
By David Gambrill, Editor | December 31, 2008
3 min read
OSFI OUTLINES PART XIII NOTIFICATION REQUIREMENTS The Office of the Superintendent of Financial Institutions has outlined the type of notice a ceding company can expect to receive from a reinsurer that experiences a change in status as a result of OSFI’s changes to Part XIII of the Insurance Companies Act (effective Jan. 1, 2010). OSFI’s […]
December 31, 2008
2 min read
Laurie Walker, president of the Ontario Insurance Adjusters Association (OIAA) in 2008-09, says recruiters should be able to find prospective new adjusters by searching within other service industries.
By Vanessa Mariga, Associate Editor | December 31, 2008
5 min read
OSFI ISSUES CONSULTATION PAPER ON REINSURANCE Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), has issued its much-anticipated consultation paper on reinsurance. The 21-page document offers a broad synopsis of issues the regulator is currently considering. OSFI does not take a position on any of the issues discussed in its paper. […]
Ontario's hybrid, no-fault/tort auto insurance system is broken. Insurers say no-fault accident benefits are in major need of repair. Trial lawyers say the tort side needs fixing first. Both lay claim to acting on behalf of the consumer's best interests. Who has the upper hand?
9 min read
Ontario's auto insurers have struggled over the past decade with insurance fraud schemes that are a byproduct of an overly complex accident benefits or "no-fault" system.
By Donna Ford, Freelance Writer | December 31, 2008
6 min read
KPMG Regulatory Update Seminar; Regulation related to reinsurance licensing and fair value accounting is getting a tough rap these days, but both may be the unfair targets of their critics, KPMG panelists suggest.
4 min read
There's no fault in sending out a Notice of Dispute Between Insurers as soon as possible in priority insurer cases, thus making sure the 90-day notice provision doesn't become an issue.
By Gregory P. Bailey, Hughes Amys LLP, Hughes Amys is a member firm of the ARC Group Canada | December 31, 2008
8 min read
SCOR celebrated the 2008 Beaujolais Nouveau wine release on Nov. 20 with insurance industry guests at an annual reception held at Toronto’s Rosewater Room.
1 min read
The ARC Group Canada held its third annual seminar and cocktail reception at the St. Andrew’s Club & Conference Centre in Toronto on Nov. 13. Prominent sports industry lawyer Gordon Kirke was a guest speaker at the seminar. Seminar discussions included insights and debates about mediation and negotiation styles, strategies and tactics — including problems […]
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