Claims
The reduction of Ontario’s discount rate for catastrophic injury trials could significantly increase the future care and future loss of income costs for insurers, warns Stephen R. Moore, a lawyer with Blaney McMurtry.In the bulletin, Don’t Adjourn This Fall’s Large Trials: It Could Cost You Several Hundred Thousand Dollars, Moore explains that the discount rate […]
By Canadian Underwriter | October 4, 2010
2 min read
Industry
Seventy-five per cent of Canadians drive distracted, despite the fact that nearly all Canadians view distracted driving negatively, according to an Allstate Canada poll conducted by Leger Marketing. The most common forms of distracted driving include talking on a mobile phone or texting while driving, changing a CD, eating or drinking, using an electronic device […]
1 min read
Insurers wishing to expose potential insurance fraud should be getting written conflict-of-interest statements from legal, treatment and assessment facilities, a fraud investigator suggests.Donna Ford, an insurance fraud investigator with Northwood & Associates, addressed the topic of insurance fruad at the Annual Toronto Fraud Forum on Sept. 29. The Association of Certified Fraud Examiners and the […]
RSA Canada has entered into an agreement to purchase GCAN Insurance Company and its parent company, Glenstone Capital Incorporated, from the Ontario Teachers’ Pension Plan Board for approximately $420 million. “This is actually the second-largest insurance company acquisition in the past 10 years in the Canadian P&C market, and it’s important because it’s now moved […]
RSA Canada has received approximately 200 claims related to Hurricane Igor, which hit eastern Newfoundland on Sept. 21.The hurricane cut off power to as many as 50,000 people across the province. Many of the hardest-hit communities were isolated due to significant damage to roads and infrastructure.Most of the RSA claims are for wind and water […]
By Canadian Underwriter | October 1, 2010
Crawford & Company (Canada) Inc. opened an office in Prince George, British Columbia, effective Sept. 1, 2010.”The addition of this office, which covers an important territory in northern British Columbia, will allow us to service our clients even more effectively than before,” said Walter Waugh, vice president of Crawford’s Western Canada operations.Robin Stevens, CIP, managing […]
Re/insurers in North America and Europe are facing the “new reality” of a low or no-growth environment, according to Patrick Thiele, CEO of PartnerRe Ltd.”This new economic reality in the U.S. and Europe has important implications for the re/insurance industry,” Thiele writes in his contribution to the October 2010 edition of PartnerReviews. “With fewer factories […]
Cooperation between insurers is the key to a successful automobile fraud investigation, according to Rick Muir, senior special investigator with Desjardins General Insurance Group, The Personal and Certas Direct Insurance Companies. Right now, however, many insurers are going at it alone, worrying about implications of things such as the Personal Information Protection and Electronic Documents […]
The Winnipeg Sun has obtained collision data from Manitoba Public Insurance (MPI) suggesting red-light cameras have generally failed to reduce the number of collisions in several key intersections in Winnipeg.The Sun‘s editorial notes the average number of collisions at Winnipeg’s original 12 red-light intersections has jumped 18% since being installed in 2003.An online link to […]
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In our heart of hearts, most people in the industry must know these Ontario reforms aren't going to work for long.
By David Gambrill, Editor | September 30, 2010
3 min read
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