Industry
The retroactive application of the Limitations Act does constitute a genuine issue for trial, according to the Ontario Court of Appeal. In Camilli v. Guardian Insurance, a three-judge panel agreed to set aside a Superior Court summary judgement issued in favour of an insurer by Justice Jack Jenkins. The case involves property damage caused by […]
By Canadian Underwriter | April 1, 2008
1 min read
Claims
Although the growth of captive insurance companies has been relatively “flat” in the current soft insurance market, growth is still possible during soft markets because captives are driven more by market volatility than by market cycles, keynote speaker Nancy Gray said at the 4th annual Captives Insurance Strategies Summit Conference in Toronto. In a slide […]
2 min read
The hourly rate applied to the Level 2 attendant care of basic supervisory functions has increased, as per an amendment in the Statutory Accident Benefits Schedule. A revised Assessment of Attendant Care Needs (Form 1) for accidents occurring on or after Mar. 31, 2008 is consistent with the increase in the general Ontario minimum wage, […]
Canada’s insurance industry has initiated a number of ambitious, large-scale communications projects over the past few months, many of them based on the premise that communications are fundamentally flawed between the industry and the public. The Insurance Bureau of Canada has done research showing most consumers have no idea what the basic concepts of insurance […]
By David Gambrill Editor David@canadianunderwriter.Ca | March 31, 2008
3 min read
Asurprising number of Canadians lack a basic understanding of some of the most fundamental concepts of insurance, according to research conducted on behalf of the Insurance Bureau of Canada (IBC). In a study of 3,220 Canadians, undertaken by the research firm Pollara, only a small majority (58%) of respondents knew that when a person pays […]
March 31, 2008
Desjardins General Insurance (DGI) is now offering direct home and auto insurance in Ontario. “We’ve been planning and researching our launch into the Ontario mass market for some time,” Jean-Francois Chalifoux, general manager and senior executive vice-president at DGI, said in a company release. “We believe there is a significant opportunity for a true direct […]
Risk
Insurance brokers across Canada are engaged in regional political discussions to defend their professional integrity against a variety of territorial incursions
By David Gambrill | March 31, 2008
16 min read
Bonnie Lysyk, IBC's new vice president, Ontario, has left her home province of Manitoba and its public auto insurance system to help reform Ontario's private auto insurance market
By Vanessa Mariga | March 31, 2008
6 min read
Larger commercial insurance brokers are starting to troll for clients in the so-called "middle market," previously the preserve of regional and local intermediaries
By Craig Harris | March 31, 2008
9 min read
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