Claims
The Financial Services Commission of Ontario (FSCO) has ruled that an insurance company is not responsible for re-training a claimant on the basis that the learning program was more insight-oriented than vocational and rehabilitative. FSCO additionally dismissed claims for income replacement benefits, housekeeping benefits and rehabilitation benefits on the basis that the claimant was experiencing […]
July 31, 2008
2 min read
When disaster strikes everybody rallies together to ensure those impacted have the basic necessities. The CIAA has the experience and the manpower to assist the government in expediting Disaster Financial Assistance.
By Laura Kupcis | July 31, 2008
17 min read
Enticing the younger generation into adjusting is key for the CIAA's newest president.
5 min read
Liberty International Underwriters Canada and ACE INA Insurance have been ordered to share the ongoing defence costs incurred by St. Marys Cement Company Inc. on a 50-50 basis, according to an endorsement by the Ontario Superior Court of Justice. St. Marys sought a declaration that ACE had a legal obligation to contribute to St. Marys’ […]
The NWT Court of Appeal provides a clear and restrictive test for determining liability when damages are intentionally caused by a third party.
By Peter Gibson | July 31, 2008
8 min read
If the loss ratio is one of the leading measures of success in the p&c industry, why isn't your underwriting department talking to claims?
7 min read
Industry
The Loyalist Insurance Group Limited reported a net income of Cdn$2.6 million for the six months, as compared to a net loss of Cdn$241,542 for the same period in 2007. Commissions and contingent profit commissions were Cdn$191,055.Interest income and other income was approximately Cdn$15,225. Total expenses for the six months were Cdn$355,818. “Included in the […]
By Canadian Underwriter | July 30, 2008
1 min read
Small pickups aren’t providing as much protection in side crashes as many new cars and SUVs, reports the Insurance Institute for Highway Safety (IIHS).Of the five 2008 models tested, the Toyota Tacoma was the only one to earn a ‘good’ ranking for occupant protection in side crash tests, an IIHS release says.The Dodge Dakota, Nissan […]
Manitoba Public Insurance and the provincial ombudsman have agreed on a process to reimburse customers for premium overpayment due to incorrect vehicle descriptions on policies.MPI will refund premium overpayments for 2004, the year the corporation discovered that roughly 2,000 customers were paying slightly more because they had provided incorrect information. The errors were discovered when […]
By Canadian Underwriter | July 29, 2008
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