Auto
Two new pieces of legislation are changing the landscape for Ontario’s insurers. Changes to the auto insurance system have been much discussed, but falling under the radar is the introduction of contingency fees for lawyers, potentially signaling a swing to a more U.S.-style of litigation. Both legislative moves were up for discussion at the recent […]
By Vikki Spencer | March 31, 2003
5 min read
Risk
Insurers and brokers have always emphasized the close working relationship that has afforded both segments of the property and casualty insurance industry to not only survive, but presumably to prosper. Just over two years ago – the year 2000 BHM (before the hard market) – insurers were falling over themselves to sign brokers on through […]
By Sean van Zyl, Editor | March 31, 2003
11 min read
Industry
Last December, the Financial Services Commission of Ontario (FSCO) laid seven charges against a Toronto-base paralegal for alleged improprieties in the settlement of an insurance claim. This was followed by the passage of Bill-198 and a subsequent first draft of regulations governing the conduct of paralegals in the auto claims process. This would seem to […]
10 min read
In the late 1990s, CU published several articles on brownfields work being done by the National Round Table on the “Environment and the Economy” (NRTEE), which led to their “State of the Debate” report in 1998. Since then, a further government request came in the December 2001 federal budget for the NRTEE to produce a […]
March 31, 2003
As independent and company adjusters joined together in Toronto for a recent CICMA/CIAA conference, auto claims issues were front and center. From the passage of Bill-198 in Ontario to auto theft, a common message came out of the discussions: the industry needs to share information if it has any hope of cracking down on fraud […]
Last year saw the highest number of U.S. property and casualty insurers go into liquidation or placed under regulatory supervision in the last three years, according to a report recently released by rating agency A.M. Best. Several rating agency and investment analyst reports indicate that the capital base of the U.S. insurance industry showed marked […]
4 min read
The Nova Scotia government is asking for public input on a discussion paper about possible reforms to the province’s auto insurance system. Environment and Labour Minister Ron Russell released the discussion paper this week, giving alternatives for possible tort reform, accident benefits changes, underwriting rules and changes to the Facility Association (FA). Some of the […]
2 min read
Royal & SunAlliance Insurance Co. of Canada has signed an agreement to underwrite travel insurance products available through the Expert Travel Financial Security (ETFS) group. A Royal & SunAlliance statement says the agreement will make it the “leading provider of travel insurance products for the ETFS portfolio”. The ETFS portfolio is currently valued at about […]
1 min read
E-L Financial chair and president Henry N.R. Jackman is stepping down, to be replaced by his son, Duncan. Among his roles is as chair of the board of Dominion of Canada General Insurance Co. The Insurance Bureau of Canada’s new vice president is Robert John Kimball, past president of the Insurance Brokers Association of New […]
First-Line of Underwriting
7 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
