Claims
Guy Carpenter & Company LLC has appointment Andrew Marcell to lead its Americas broking operations.As CEO of the Americas broking operations, Marcell will assume responsibility for all of Guy Carpenter’s treaty and facultative broking operations in the United States, Canada, Latin America and Bermuda.”Andy’s diverse global experience and strong management and leadership skills will assist […]
By Canadian Underwriter | May 28, 2008
2 min read
Industry
FSCO has dismissed the appeal of a ruling that a man opted out of workers compensation benefits to launch an action against an insurer for the sole purpose of seeking accident benefits under the SABS-1996.In the arbitration Patrick Lawrence and ACE INA Insurance, Lawrence was involved in a 2003 car accident. He was driving a […]
By Canadian Underwriter | May 27, 2008
The newly redesigned 2008 Dodge Grand Caravan has received an overall evaluation of “good” from the Insurance Institute for Highway Safety (IIHS). The vehicle received a “good” rating for its structure/safety cage and restraints during front crash tests, says the IIHS.During side impact tests with standard side airbags, measures taken from the dummy indicate a […]
1 min read
Does a criminal act exclusion contained in a homeowner’s insurance policy apply to a man alleged to be not criminally responsible for burning down his house by reason of suffering a mental disorder?The question is certainly important enough that the answer should be determined at trial, the Ontario Superior Court of Justice determined in Cipkar […]
Fifteen lives were saved and 271 injuries were prevented during 62,370 roadside inspections performed in 2007, according to the Commercial Vehicle Safety Association (CVSA).The CVSA sponsors Roadcheck, a program which dispatches federal, state, provincial and local inspectors to more than 1,000 locations across the continent to conduct comprehensive North American Standard Level I Inspections.There are […]
British Columbia’s Court of Appeal has agreed with B.C.’s public auto insurer, ICBC, that a trial judge erred by failing to apply an exclusion under the Insurance (Motor Vehicle) Act for mechanical failure or breakdown of any part of a motor vehicle.In Dawson Truck Repairs Ltd. v. Insurance Corporation of British Columbia (ICBC), a three-judge […]
By Canadian Underwriter | May 26, 2008
Canadian corporate directors should be well aware of the terms and conditions of their directors’ and officers’ (D&O) insurance policies long before the policies are triggered, the Canadian Institute of Chartered Accountants (CICA) says.”Board members are well advised to take an active interest in their indemnification and insurance arrangements, rather than relying solely on the […]
The Canadian Council of Insurance Regulators (CCIR) is preparing to release reports on its ‘Privilege Model’ and on managing potential conflicts of interest, both to be released later this year.The CCIR’s privilege working group has completed its final report outlining the process followed in developing its privilege model, which outlines the extent to which insurers […]
Leading up to the 2008 Atlantic hurricane season, Aon Corp is cautioning that although predictions of hurricane activity are important to consider, any storm can cause massive destruction regardless of whether it happens in a period of below-normal or above-normal storm activity. Hurricanes Felix and Dean, each of which caused massive destruction, both hit during […]
Pembridge Insurance Company has issued a warning to Alberta consumers “that there is the potential that some Pembridge Insurance Company automobile policies may have been fraudulently sold to consumers in Alberta.”The Pembridge notice requests Alberta policyholders that have “purchased an auto insurance policy from a representative of Bell Insurance Services [to] please contact Pembridge Consumer […]
By Canadian Underwriter | May 23, 2008
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