Industry
Export Development Canada is assessing the extent of its existing accounts receivable insurance (ARI) coverage for Canadian automotive industry suppliers, according to the Government of Canada. ARI covers the full book of business for up to 90% of a businesses’ losses against such commercial risks as a customer refusing to pay; refusal to accept the […]
By Canadian Underwriter | March 31, 2009
2 min read
Claims
Governments need to improve how they prioritize efforts to prepare for large-scale disasters, according to an Organization for Economic Co-operation and Development (OECD) report, produced in conjunction with Swiss RE and Oliver Wyman, Innovation in Country Risk Management. Furthermore, they should work more closely with the private sector to ensure crises can be dealt with […]
March 31, 2009
The Canadian Collision Industry Forum (CCIF) is supporting a private member’s bill before the House of Commons that would oblige vehicle manufacturers to provide independent repairers access to tools, training and diagnostic information. “In Canada, certain vehicle manufacturers are denying [independent repairers] access to the tools, training and diagnostic information required to carry out repair […]
1 min read
Insurers must avoid turning counsel into loss adjusters, which not only wastes money, but risks turning counsel into a witness. Furthermore, counsel lose objectivity when they are asked to play the role of frontline investigators, Marcus Snowden, partner at Blaney McMurtry, told attendees at the Insurance Law: Winter Update 2009 in Toronto. He told of […]
The Province of New Brunswick has announced a formal collaboration with insurers and brokers to help find appropriate insurance coverage for non-profit organizations at the most competitive rates. Partners in the collaboration are the province’s Community Non-Profit Organizations Secretariat, Insurance Brokers’ Association of New Brunswick (IBANB) and Insurance Bureau of Canada. “Insurance can be an […]
More than 150 exhibitors from across Canada showcased the latest and greatest in the industry at the Ontario Independent Insurance Adjusters’ Association’s Professional Development & Claims Conference in Toronto. In addition to the trade show, there were a number of seminars with topics that spanned from a legal update on accident benefits to becoming a […]
The hiring outlook in the finance, insurance and real estate segment of Canada’s economy has declined to its least optimistic level in 15 years, according to survey data released by Manpower Canada. The Manpower Employment Outlook Survey is conducted quarterly to measure employers’ intentions to increase or decrease the number of employees in their work-forces […]
An insurance company that takes three years to assert no coverage in a claim effectively waives the breach of a client’s policy that otherwise would have voided the insurer’s obligation to pay the full policy limit of its third party liability, the Ontario Court of Appeal has upheld. In Logel Estate v. Wawnesa Mutual Insurance […]
The introduction of speed limiters for trucks set at 105 kmh increases safety for all geometric highway configurations, especially straight highways, a report for the federal transportation department says. The basic aim of the study, posted on Transport Canada’s web site, is to assess the safety implications of mandating speed limiters for large trucks (weight […]
Insurance lawyers defending professional liability claims should look into the possibility of limiting liability on the basis of contractual provisions, especially when co-defendents (such as architects) have contracts that limit the scope of liability. Andrew Heal of Blaney McMurtry made the comment at the Blaney McMurtry “Insurance Law: Winter Update 2009,” held in Toronto. Heal […]
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