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In Axa Insurance v. Ani-Wall Concrete, Ontario Superior Court Justice Paul Perell adopted an approach to interpreting the “Your Product” Exclusion which, depending on the factual circumstances, further restricts its scope. When applying the Your Product Exclusion, the courts usually find the cost of repairing or replacing the insured’s own product is excluded by a […]
By Michael S. Teitelbaum | December 31, 2007
7 min read
Industry
Is it strictly performance-based, or are there other factors in becoming an insurer's preferred collision repair shop?
By David Gambrill | December 31, 2007
6 min read
Risk
Lawsuits can arise from an era in which cell phones didn't exist and insurance policy documents were produced by typewriters. What happens when these papers go missing?
By Julie A. Dabrusin, Associate, Rogers Partners LLP | December 31, 2007
4 min read
Are Canada's insurers prepared for a catastrophic wildland fire?
By Paul Kovacs | December 31, 2007
5 min read
Canada's property and casualty insurance industry wants to adopt Basel 2 capital regime standards similar to those recently adopted by the nation's banks -- but be careful what you wish for, OSFI says
Resolving claims where people live, as well as empathic adjusters, go a long way towards retaining policyholders
By Irene Bianchi | December 31, 2007
2 min read
Canadian insurers should heed lessons European insurers have learned in the implementation of IFRS -- especially the need to leave enough time to rebuild data sets.
By Vanessa Mariga | December 31, 2007
3 min read
For the past year at least, interviews with company executives and leadership panel discussion speakers have all presented a short-term forecast of retiring senior executives from the Boomer Era, followed by an expression of concern as to whether there will be enough young talent available to replace them. Given the flurry of press releases in […]
Claims
Go-kart not an “automobile” on private track, court rules A go-kart operated on a private track is not an “automobile” according to the standard Ontario automobile insurance contract, the Ontario Court of Appeal ruled in Adams v. Pineland Amusements Ltd. Denis Potvin was driving a go-kart on a track owned and operated by Pineland Amusements […]
December 31, 2007
Auto thieves targeting high-end vehicles The Insurance Bureau of Canada (IBC) says its investigations over the past few years illustrate an alarming trend in Canada of organized auto theft rings targeting high-end or desirable vehicles with the intention of exporting them overseas or chopping them for parts. It made this observation during the release of […]
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