Claims
The Supreme Court of Canada has dismissed an appeal in Linn v. Kovach, upholding the principle that a court cannot split a jury trial without the consent of both parties.The Ontario Court of Appeal found in February 2010 that jury trials are an exception to the court’s power to split or bifurcate a trial based […]
By Canadian Underwriter | July 8, 2010
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Industry
The average total cost of risk (TCOR) per $1,000 of revenue declined 3.1% in 2009, the Risk and Insurance Management Society (RIMS) 2010 Benchmark Survey found.TCOR is an equation that captures the total cost of self-retained losses, risk management administration expenses and insurance premiums, according to Marsh.The survey, produced by Advisen Ltd., also found the […]
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Reputation risk has surpassed insurer solvency as the top risk facing risk managers, according to a survey done by the Association of Insurance and Risk Managers (AIRMIC).The U.K.-based association surveyed nearly 100 of its members to gain a sense of the landscape in which they are operating.”Risk managers increasingly take a broad view of their […]
DAS Legal Protection Insurance Company Limited (DAS Canada) has received its insurance licence from The Financial Services Commission of Ontario, making DAS Canada the first specialty legal expense insurer in the country able to offer policies in Ontario. Legal expense insurance covers costs associated with pursuing and defending legal rights, following an unforeseen event. Although […]
Newfoundland businesses cite insurance costs as Number 1 among their “major cost concerns” in a business barometer survey conducted by the Canadian Federation of Independent Business (CFIB).The survey canvassed the business optimism of 1,100 CFIB members across the country. Provincial results cite a list of 10 “major cost concerns” of provincial businesses, including tax/regulatory costs, […]
By Canadian Underwriter | July 7, 2010
Certain excess liability carriers are expected to add broadly worded, event-specific exclusions to their 2010-2011 policies to prospectively eliminate coverage for the Deepwater Event, according to an online posting by Marsh Ltd.”Although Marsh is engaged in discussions with these carriers in an attempt to withdraw or narrow these exclusions, this is an emerging market trend […]
Insurance defence lawyers believe Ontario’s judiciary will increasingly use the concept of “life joys” to determine whether or not auto injuries meet the threshold of “serious” injuries, according to an article in Hughes Amys LLP newsletter Noteworthy.”The concept of ‘life joys’ is one which we anticipate will resonate with the judiciary and is a term […]
By Canadian Underwriter | July 6, 2010
SGI Canada has received a total of approximately 4,700 property and auto insurance claims as a result of the foul weather plaguing Saskatchewan over the past few months.All told, since April 2010, there have been 3,000 property claims estimated at over $47 million and close to 1,700 vehicle claims estimated at $10 million as a […]
Steven D. Johnson has been named CEO of the Applied Systems Client Network (ASCnet).Johnson has held staff leadership roles in five associations over the last 26 years. Most recently, he was executive director of the National Association of Quick Printers. Johnson succeeds Rick Morgan, who had served over the last 10 months as interim CEO.Johnson […]
Jean-Guy Rosa has been named director of Refinish Canada for PPG Canada Inc. Rosa joined PPG in 1992 and has held positions of increasing responsibilities within training, value-added services and most recently as regional manager for Quebec and the Atlantic Region of Canada, a PPG release says.”His experience at all levels of the automotive refinish […]
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