Claims
David McMichael admits to using cocaine before the accident, but claims he only used crack cocaine for the first time after a failed attempt to return to work following the crash.
By Donna Ford | August 1, 2007
7 min read
A Series of Articles Provided by the Insurance Institute of Canada
August 1, 2007
5 min read
Underwriting income is down and claims costs are up, according to 2007 Q1 financial figures posted by the Office of the Superintendent of Financial Institutions (OSFI), which oversees federally regulated property and casualty insurers in Canada. The OSFI 2007 Q1 figures do not include financial data for many reinsurers or provincially regulated P&C insurers. Also, […]
1 min read
Canadian carriers scored the lowest in terms of quality of underwriting, policy administration and service when compared with the United States, London and Bermuda carriers in Willis Group’s inaugural Carrier Evaluation Survey. In terms of claims, Canadians nudged ahead of Bermuda-based carriers for third place. The results of the programme are based on a survey […]
PPG Canada Inc. has announced a shuffle within its automotive refinish group, with five staff members receiving new appointments. The appointments include: Lee Smith, current director of Refinish Canada, has been promoted to director of strategic growth and acquisition for PPG Automotive Refinish, North America; Brian Roberson, will serve as Smith’s replacement; Denis Cloutier is […]
9 min read
The Financial Services Commission of Ontario (FSCO) is releasing a revised Pre-approved Framework (PAF) Guideline for Grade I and II Whiplash Associated Disorders and accompanying Pre-approved Framework Extension Request and Discharge Report form (OCF-24/198). The new PAF Guideline is effective Oct. 1, 2007. Changes in the revised PAF Guideline include: * focus on returning the […]
The rapid increase of insider-related security breaches and of stolen computer equipment and data storage devices has unnerved the Canadian business community, creating a greater demand for data loss liability coverage products, says Aon Financial Services Group Canadian Advisory. “Under lock and key: risk transfer solutions to limit liability for security and privacy data breaches” […]
A 62-year-old orthopedic surgeon in Windsor, Ont. has been awarded $844,450 in damages–including $714,000 based on a presumed future loss of income between the ages of 65 and 70– or injuries he sustained after being thrown from his bicycle when he ran over a raised catch basin. Dr. Robert Yovanovich, 56 at the time of […]
2 min read
Storms and flash floods in Alberta on June 5 are expected to exceed $42 million in insured damages, according to the Insurance Bureau of Canada (IBC). “In Calgary alone, there have been 3,094 insurance claims so far as a result of the storms, and insurers expect to pay $42 million to cover these claims,” Jim […]
Industry
If a small dirty bomb were to be detonated near the CN Tower in Toronto, the economic impact would be upwards of Cdn$23.5 billion, according to a federal study led by Defence Research and Development Canada, as reported by Canadian Press. According to CP, this scenario — which the news service said would result in […]
July 31, 2007
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