Claims
Should a woman diagnosed with a borderline personality disorder be allowed to represent herself in an arbitration concerning auto insurance accident benefits?Yes, the Financial Services Commission of Ontario (FSCO) has ruled.In L.G. and Lombard General Insurance Company of Canada, FSCO arbitrator John Wilson considered whether the claimant in the case, L.G., was entitled to represent […]
By Canadian Underwriter | February 12, 2010
2 min read
Industry
The Supreme Court of British Columbia has ordered the B.C.’s public insurer, the Insurance Corporation of British Columbia (ICBC), to indemnify a professional stunt driver who lost control of his car on a slick, rainy surface at a Wendy’s drive-through at 10 p.m., knocked down the Wendy’s entrance sign, got back in his car without […]
Insurance Bureau of Canada (IBC) and The Federation of Canadian Municipalities (FCM) have launched The Watershed Awards. The Watershed Awards recognize Canadian municipalities that have taken proactive measures to reduce their vulnerability to storm and wastewater damage. The awards will be part of FCM’s Sustainable Community Awards, which, for the past decade, have recognized the […]
1 min read
A U.S. national class action lawsuit against Toyota Motor Corp. has been filed under the federal racketeering statute.Stanley M. Chesley of the Cincinnati-based law firm of Waite, Schneider, Bayless & Chesley Co. filed the suit in the U.S. District Court for the Eastern District of Kentucky.As of press time, Toyota Motor Corporation was unavailable to […]
The Facility Association Residual Market (FARM) is projecting premiums written and claims incurred for all FARM vehicles in 2010 — both private passenger and non-private passenger (including commercial vehicles) — that are very much in line with the projected results for 2009.In a bulletin to members, Facility Association provided a FARM Outlook for Calendar Years […]
By Canadian Underwriter | February 11, 2010
Loblaw Companies Ltd. has launched PC Financial Insurance Broker Inc., a “large-scale full service brokerage” for home and auto insurance.The service is available in Ontario and Alberta. Currently it represents the following markets: The Dominion of Canada General Insurance Company; Aviva Insurance Company of Canada; Elite Insurance Company; Pilot Insurance Company; Axa Insurance (Canada); Pembridge […]
PartnerRe has changed its organizational structure following its acquisition of Paris Re, with PartnerRe U.S. expanding to include Canadian business, thereby becoming PartnerRe North America.”PartnerRe’s Canada operations, formerly part of the Global P&C business unit, will combine with the Paris Re Canada operations, and will become one business unit,” PartnerRe announced in a press release. […]
Partner Re has reported a net income of $1.5 billion in 2009, marking a significant increase from the $46.6 million profit it reported in 2008. Net income for 2009 Q4 was $354.4 million, an increase from the $95.3 million reported in 2008 Q4. The company reported net premiums written of $904.4 million and $3.9 billion […]
The Canadian Council of Insurance Regulators (CCIR) is currently gathering background information on insurers’ use of credit-scoring in various jurisdictions, and has described the IBC’s voluntary Code of Conduct for Insurers’ Use of Credit Information as “a good place to start a conversation.”Jim Hall is chairing a CCIR sub-committee on insurers’ use of credit-scoring. He […]
By Canadian Underwriter | February 10, 2010
An Insurance Bureau of Canada (IBC) steering committee is recommending full adoption by all auto insurers of the Health Claims for Auto Insurance (HCAI) electronic system for processing auto insurance health claims by Mar. 31, 2010. A number of stakeholder groups, including the Financial Services Commission of Ontario (FSCO), are currently reviewing the steering committee’s […]
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