Claims
Derek Ballard has joined Blouin Dunn LLP as of June 15. Ballard obtained his law degree at the University of Manitoba in 2002 and was called to the Ontario Bar in 2003. Since his call, Ballard has practiced in many areas of insurance litigation including personal injury, medical malpractice, product liability, disability insurance and class […]
By Canadian Underwriter | June 22, 2010
1 min read
Industry
The Dominion of Canada General Insurance Company has launched a Web site ‘MyChoiceCarInsurance.ca’ to help Ontario auto insurance consumers understand the coverage options that will become available to them after the Sept. 1, 2010 auto reform implementation date.MyChoiceCarInsurance.ca features:• an overview of four types of car accidents and the expenses that might follow;• detailed case […]
U.S. property and casualty insurer financial impairments have more than tripled since 2007, reports A.M. Best.In contrast, regulators have not closed a Canadian insurance company during that time frame, confirms the Property and Casualty Insurer Compensation Corporation (PACICC).Eighteen property and casualty insurer impairments were reported in the United States in 2009, up from 16 in […]
ClearRisk has launched version 2.0 of its Manager application, intended to add speed and functionality.ClearRisk Manager (ClearRiskManager.com) was created to provide insurance brokers with an affordable way to provide clients with risk management plans, risk maps and risk management resources. ClearRisk Manager 2.0 is four times as fast as the original version. It can be […]
Canada’s Competition Act is the main reason why the Insurance Bureau of Canada (IBC) will have nothing to do with the idea of insurers requiring brokers to use a single cost calculator for the purpose of calculating the reconstruction costs of a home.The idea of insurers governing the brokers’ use of a single calculator was […]
By Canadian Underwriter | June 21, 2010
2 min read
Home and Garden Television (HGTV) and Home Depot are two main culprits responsible for the escalation of water damage claims costs, according to Will Cook, president of Belfor Restoration Services.These two cultural icons are fuelling the impulse to undertake an “extreme home makeover,” encouraging so-called “weekend warriors” to transform their modest, 2,200-square-foot homes into 8,000-quare-foot […]
The Deepwater Horizon disaster could have a long-term impact on directors and officers’ lines in the range of $250 million to $500 million, suggests EWI Risk Services. In addition, in the immediate future, carve-out exclusions and coverage grants currently afforded in the soft D&O market will likely disappear, the company added.The impact would be spread […]
A motion for summary judgement to dismiss a liability case does not constitute a “mini-trial” and split a case so that it becomes a trial within a trial, the Ontario Superior Court ruled under the new Rules for Civil Procedure.In Wilson v Kennedy, a defendant, Garven Kennedy, filed a motion for summary judgement to dismiss […]
Having secured Finance Minister Jim Flaherty’s commitment to prevent banks from selling unauthorized insurance on their Web sites, the Insurance Brokers Association of Canada (IBAC) is concerned that banks have already responded by trying to promote insurance on consumer’s cell phones and personal digital assistants (PDAs).IBAC is currently awaiting draft regulations that would prohibit banks […]
By Canadian Underwriter | June 18, 2010
The Insurance Brokers Association of B.C. (IBABC) is collaborating with the province’s public insurer, the Insurance Corporation of British Columbia (ICBC), to introduce ‘Vision 2014,’ a plan to upgrade the public insurer’s technology and change its rating system from a vehicle plate-based system to a driver-based system.Newly-minted IBABC president Richard Pindral raised the collaboration in […]
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