Industry
The most frustrating thing about Ontario’s recently announced auto insurance reform package is why it took the Ontario government so long to produce it. After all, with one particularly notable exception (to be discussed below), the province’s package of 41 reforms to Ontario’s auto insurance system essentially mirrors the 39 recommendations made by the province’s […]
By David Gambrill, Editor | October 31, 2009
3 min read
Auto
NOVA SCOTIA BROKERS “OPTIMISTIC” ABOUT NEGOTIATING PROVINCE’S AUTO INJURY CAP Nova Scotia brokers say they are “optimistic” about negotiating the future of the province’s auto insurance cap with the newly elected Nova Scotia government. Nova Scotia Premier Darrell Dexter, a personal injury lawyer, promised during his election campaign to scrap the cap and replace it […]
October 31, 2009
1 min read
ONTARIO REGULATOR APPROVES 6.2% AVERAGE AUTO INSURANCE RATE INCREASE FOR 2009 Q3 FSCO has approved auto insurance rate increases in 2009 Q3 averaging 6.2% when weighted by market share. State Farm Mutual Automobile Insurance Company, the company with the largest market share to obtain a rate change during the third quarter, was approved for a […]
Risk
CANADIAN INSURERS SHOULD BE DISCLOSING CLIMATE CHANGE INITIATIVES Canadian insurers should make the effort to answer the same eight questions about climate change initiatives that the U.S. regulator requires insurance companies in its jurisdiction to answer annually, said Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction. Kovacs spoke at the […]
2 min read
LOOK FOR CLIMATE CHANGE EXCLUSIONS TO APPEAR IN LIABILITY POLICIES IN THE NEAR FUTURE: ENVIRONMENTAL RISK ADVISOR Risks related to climate change are so expansive as to be uninsurable. It is therefore likely that climate change exclusions will be written into general commercial and excess liability insurance policies in the near future, predicts Rodney Taylor, […]
As Michael Boire prepares for his future role as president of the Toronto Insurance Conference, he reflects on the issues at hand -- increasing the accessibility of the association, the impending HST and the ongoing battle with banks.
By Vanessa Mariga, Associate Editor | October 31, 2009
5 min read
As personal injury awards in Canada get higher and higher, reinsurers are examining the excess of loss market and wondering whether the industry as a whole might be hurdling towards availability issues.
By Craig Harris, Freelance Writer | October 31, 2009
7 min read
Home
Fire coverage following earthquake and terrorist events needs clarification now that B.C. has passed new amendments to update its Insurance Act.
Claims systems are generally neither designed nor intended to provide consistent and reliable tax data, so P&C insurers may have a tougher time measuring the effect of the HST on claims settlement costs.
By Cliff Lee | October 31, 2009
Effective Jan. 1, 2010, foreign insurers writing in Canada marine risks will be subject to the federal oversight of the Office of the Superintendent of Financial Institutions (OSFI).
By Laurie LaPalme | October 31, 2009
6 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
