Industry
OSFI OUTLINES PART XIII NOTIFICATION REQUIREMENTS The Office of the Superintendent of Financial Institutions has outlined the type of notice a ceding company can expect to receive from a reinsurer that experiences a change in status as a result of OSFI’s changes to Part XIII of the Insurance Companies Act (effective Jan. 1, 2010). OSFI’s […]
December 31, 2008
2 min read
Laurie Walker, president of the Ontario Insurance Adjusters Association (OIAA) in 2008-09, says recruiters should be able to find prospective new adjusters by searching within other service industries.
By Vanessa Mariga, Associate Editor | December 31, 2008
5 min read
OSFI ISSUES CONSULTATION PAPER ON REINSURANCE Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), has issued its much-anticipated consultation paper on reinsurance. The 21-page document offers a broad synopsis of issues the regulator is currently considering. OSFI does not take a position on any of the issues discussed in its paper. […]
Claims
PSYCHOSES RELATED TO PHYSICAL BRAIN INJURIES NOT ‘TOO REMOTE FOR RECOVERY’ Pychoses caused by right-hemisphere brain damage arising from a car collision are not “too remote to allow for recovery,” the Ontario Superior Court of Justice has found, distinguishing the case from the facts found in the Supreme Court of Canada’s decision in Mustapha. InChinsang […]
1 min read
Risk
'Faulty Design' Exclusion; In a narrow decision, the Supreme Court of Canada ended a 15-year legal saga based on a 'faulty design' exclusion. The scope of the decision may be more limited than people think.
By Christopher R. Dunn, Partner, Dutton Brock LLP | December 31, 2008
8 min read
Home
The loss adjusting field has a great deal of resources available to it when it comes to teaching technical knowledge, but the resources dry up when it comes to teaching the critical skill of "bedside manner."
By Fred Plant, President, Plant Hope Adjusters Ltd. | December 31, 2008
6 min read
Ontario's hybrid, no-fault/tort auto insurance system is broken. Insurers say no-fault accident benefits are in major need of repair. Trial lawyers say the tort side needs fixing first. Both lay claim to acting on behalf of the consumer's best interests. Who has the upper hand?
By David Gambrill, Editor | December 31, 2008
9 min read
The creation of SCM Insurance Services Inc., Canada's largest independent adjustment firm, merges claims adjustment, data management and risk management.
Record levels of water in Canada (including hail and snow) drove up the cost, if not the frequency, of property damage claims throughout Canada. And if it wasn't rain, it was accident benefits claims raining down in Ontario auto insurance.
14 min read
The claims community is perhaps the best witness to the discrepancies that occur between the modelled reconstruction values of properties and the true costs to rebuild them.
By Craig Harris, Freelance Writer | December 31, 2008
10 min read
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