Claims
The Insurance Bureau of Canada (IBC) is sponsoring a symposium to discuss how to reduce the number of drivers on the road who are overtired. Police are able to pull over and charge those who are intoxicated, but there are no laws in place for those who are exhausted, the IBC noted in a press […]
By Canadian Underwriter | May 14, 2007
1 min read
Industry
The Law Society of Upper Canada is now responsible in law for regulating independent paralegals, including Statutory Accident Benefits Schedule (SABS) representatives.FSCO has been consulting with the law society on how the transition to paralegal regulation by the law society will take place.Currently, SABS representatives are required under the Insurance Act to file a declaration […]
2 min read
The Supreme Court of British Columbia recently awarded a widow $6.4 million, $4.2 million of which was for the potential loss of support due to her husband, a laser eye surgeons, death in a 2002 car accident.In July, 2002 Barry Carter was driving a van owned by his employer, a cable company, when he went […]
Risk
AMAC Consultants Inc. announced the appointment of Paul M. Green as vice president, in a bid to strengthen its national presence.Green will primarily be responsible for growing the firms Ontario business and serving its clients in Easter Canada from AMACs downtown Toronto office.Prior to joining AMAC, Green was director, corporate marketing and broker management with […]
Tom Reikman has been appointed to the position of senior vice president, marketing, of Aviva Canada Inc. In his new role, Reikman will be responsible for leading the corporation marketing team and working closely with the regional teams and broker partners to continue to build Avivas market presence, an Aviva release says.He brings extensive industry […]
By Canadian Underwriter | May 11, 2007
Ambiguity in policy wording often benefits the insured and not the insurer, Anthony Cole, Associate at McCague Peacock Borlack McInnis & Lloyd LLP, told attendees at the Canadian Independent Adjusters Association Ontario regional educational seminar.Ambiguity is sort of in the eye of the beholder. Cole said. [Policy is] not always as clear as the drafter […]
Home
Of the 23 changes made in 2005 to the standard commercial general liability policy (CGL) by the Insurance Bureau of Canada, seven are considered significant, attendees of the Canadian Independent Adjusters’ Associations Ontario Region educational seminar were told.The first major change is in regards to compensatory damages, Vincent Burns, partner at McCague Peacock Borlack McInnis […]
The Insurance Brokers Association of Ontario (IBAO) was honoured with the Partner in Safety Award by the Ontario Students Against Impaired Driving (OSAID) for financial contributions and support lent to the organization over the years. The association received the award for its continued support of OSAID activities throughout the years, with a $19,000 donation made […]
Auto
B.C. insurance brokers do not want to be front and centre in the provincial governments recent legislative initiative to deny auto vehicle licenses and auto insurance to people who havent made child support payments, a representative of the Insurance Brokers Association of B.C. (IBABC) told a brokers convention in Jasper, Alberta.IBABC 1st vice president, Ted […]
By Canadian Underwriter | May 10, 2007
The Saskatchewan government approved changes to auto insurance rates that will translate to an average rate cut of 7.1%, reports the CBC.In February of this year Saskatchewan Government Insurance (SGI) applied to the Saskatchewan Rate Review Panel to generally reduce rates by 5% with rate rebalancing, which would mean about 448,000 Saskatchewan vehicles (53 per […]
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