Industry
Space insurers are expected to generate more than US$400 million in profit for 2009, as long as there are no claims before the end of the year. The space insurance market has been very profitable over the last five years and this will inevitably lead to more competitive premiums for satellite operators in 2010 as […]
By Canadian Underwriter | November 30, 2009
1 min read
Claims
The evidence of what causes a fire is generally consumed in the fire, Richard Lindsay, founding partner of Lindsay Kenney LLP in British Columbia, said. This makes subrogation a little different in a fire-related case, he told delegates attending the National Association of Subrogation Professionals’ Canadian Chapter’s training and education seminar in Toronto. “A lot […]
November 30, 2009
2 min read
Pollution liability arising from permafrost degradation, climate change disclosure and risks associated with new shipping lanes are among the emerging insurance implications of climate change in Canada’s North, according to a report by the National Round Table on the Environment and the Economy (NRTEE). The insurance section of the report, True North: Adapting Infrastructure to […]
As the Health Claims for Auto Insurance (HCAI) pilot is re-launched, so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to the HCAI project and not as a training tool, Allison Brand, senior business advisor with […]
Canadian insurers and insurance brokers have responded favourably to the auto insurance reform package introduced by the Ontario government on Nov. 2, 2009. Insurance Bureau of Canada (IBC) said the government’s reforms to the Ontario auto insurance system “address affordability of premiums while at the same time maintaining robust benefits — two of the industry’s […]
For insurance defence counsel, hope is receding that federal privacy legislation related to insurance investigations and surveillance will be aligned in the future with the comparatively more straightforward provincial privacy legislation found in B.C. and Alberta. John Beardwood, partner in Fasken Martineau DuMoulin LLP’s Toronto office, made the observation in an address at Insurance Bureau […]
Insurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when such signs arise, according to IBC investigator Kathy Metzger. Insurers must be vigilant in preventing organized crime, Metzger told delegates attending the National Association of Subrogation Professionals’ Canadian Chapter’s training and education seminar. The seminar was […]
Ontario’s reforms to the auto insurance product follow closely along the lines of what the Financial Services Commission of Ontario (FSCO) recommended in March 2009, except on one major point important to insurers — the cap on medical/ rehab benefits for non-catastrophic injuries was reduced to $50,000, and not $25,000 as initially proposed. In total, […]
You will be reading this message long after all the leaves have fallen; the poppies put away and Christmas will have come and gone! This fall was a very busy session for me as president of the Canadian Independent Adjusters’ Association, but most gratifying. I attended the National Insurance Conference of Canada (NICC) with our […]
By Patti Kernaghan | November 30, 2009
3 min read
Experts suggest that if and when the HST is implemented in Ontario and British Columbia, the implications could be costly for the industry.
14 min read
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