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The Property Casualty Underwriters Club (PCUC) held its Spring Thaw on April 30 at the Rosewater Room in Toronto. The annual event added some sunshine to everyone’s day. Attendees warmed up to great company, cocktails, food and special entertainment.
May 31, 2009
1 min read
Claims
An insurer is not liable to pay for accident benefits when the accident victim has failed to attend insurer examinations without a reasonable explanation, a Financial Services Commission of Ontario (FSCO) arbitrator has decided. Illiia Troubitsine alleges he was on a TTC bus on Nov. 10, 2006 when he claims the bus stopped suddenly and […]
The Alberta Automobile Insurance Rate Board (AIRB), which regulates the province’s auto insurance rates, is seeking approval from the provincial government to introduce a new file-and-use system for determining auto insurance rates. In a “pure” file-and-use system, insurers can file for changes in their auto insurance rates with the government and then use the filed […]
The auto insurance reforms suggested by the Financial Services Commission of Ontario (FSCO) are essentially a wash, Barb Addie, a principal at Baron Actuaries, argued. Addie’s article, Ontario Auto -Control-Alt-Delete?, is featured in the MSA/Baron Outlook Report: Q4-2008. In it, she notes the overall Ontario auto direct loss ratio reached 84 per cent and its […]
2 min read
Independent adjusters attending a claims scene should be writing up two reports instead of one larger report, thus increasing the chances of covering the report under litigation privilege, according to Richard Lindsay, partner with Lindsay Kenney LLP. The “dominant purpose” test is used to determine whether a documentation falls under litigation privilege, Lindsay told delegates […]
The financial woes of Canada’s private auto insurance system are squarely on the radar of Canada’s federal solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI). “On the auto side, many of you know that Ontario auto has been on our radar for awhile,” Penny Lee, OSFI managing director, said at the 2009 […]
The Health Claims for Auto Insurance (HCAI) is on track for a voluntary rollout at the end of summer, provided the testing phase meets required outcomes. Currently, the system is in an extended test cycle which will continue until July. A quality assurance team, whose job is to review the functionality of the remediated system […]
Ontario’s harmonization of the provincial sales tax with the GST will definitely drive up claims costs for property and casualty insurers, an audience attending the 2009 IBC Financial Affairs Symposium in Toronto heard. “There is going to be a definite impact on costs [to property and casualty insurers] both on an operating level and, on […]
I was forewarned the year would fly by, but I never expected just how quickly it truly would go. Since my last President’s Message, I have done a considerable amount of travelling on behalf of CIAA and the membership. I was pleased to attend a Pacific Region executive meeting, followed by the CIAA/CICMA annual joint […]
Increasing Adjuster Knowledge
By Laura Kupcis | May 31, 2009
15 min read
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