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News AssociationsInsurance

HCAI information site launched

November 13, 2009 by Canadian Underwriter

As the Health Claims for Auto Insurance (HCAI) pilot is re-launched,  so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to

News AssociationsInsurancePersonal Lines

IBC urges insurers to talk to each other to prevent organized crime

November 12, 2009 by Canadian Underwriter

Insurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when such signs arise, according to IBC investigator Kathy Metzger.Insurers must be vigilant in preventing organized crime, Metzger told delegates attending the

News AssociationsInsurancePersonal Lines

What’s New: In Brief (November 09, 2009)

November 9, 2009 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has hired Ralph Palumbo as vice president for Ontario.Also, Jim Rivait, vice president for Alberta and the North, has left IBC to pursue other opportunities. The bureau has created a new senior vice president policy

News AssociationsInsurancePersonal Lines

Insurance industry responds favourably to Ontario auto reforms

November 3, 2009 by Canadian Underwriter

Canadian insurers and insurance brokers have responded favourably to the auto insurance reform package introduced by the Ontario government on Nov. 2, 2009.Insurance Bureau of Canada (IBC) said the government’s reforms to the Ontario auto insurance system “address affordability of

News AssociationsInsurancePersonal Lines

What’s New: In Brief (November 03, 2009)

November 3, 2009 by Canadian Underwriter

No processing issues have arisen after five weeks of active participation in the Health Claims for Auto Insurance (HCAI) pilot phase.Two insurers, Gore Mutual and State Farm Mutual Auto, and nine health care facilities began their participation in this voluntary

News AssociationsClimate ChangeInsurance

IBC to pilot new tool to assess municipal climate change risks

October 30, 2009 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has approved Cdn$1-million pilot project for a new municipal risk assessment tool that will help insurers assess climate change risks.The new tool is intended to collect key data that will help insurers better understand the

News AssociationsInsurance

What’s New: In Brief (October 29, 2009)

October 29, 2009 by Canadian Underwriter

Tess Romain has been appointed to Insurance Bureau of Canada (IBC)’s Ontario Division as manager of government relations, effective Nov. 2, 2009.Romain holds plenty of work experience with the Ontario government, specifically in the Minister’s offices of Public Infrastructure Renewal

News AssociationsInsurance

HST to cost insurers a one-time hit of Cdn$250 million: IBC president

October 28, 2009 by Canadian Underwriter

The implementation of the Harmonized Sales Tax (HST) will result in a one-time hit of $250 million for the insurance industry at the end of 2009, Don Forgeron, president and CEO of Insurance Bureau of Canada, told delegates of the

News AssociationsInsurance

What’s New: In Brief (September 22, 2009)

September 22, 2009 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) has released the Health Claims for Auto Insurance (HCAI) 2009 Pilot Guideline. The guideline was issued to facilitate a staged return of the HCAI system, which was suspended Mar. 11, 2008. More guidelines

News AssociationsClimate ChangeInsurance

What’s New: In Brief (September 04, 2009)

September 4, 2009 by Canadian Underwriter

Insurers expect to pay out more than Cdn$6 million to clients for repairs to homes, cars and businesses damaged after a force F2 tornado tore through the town of Mont-Laurier, Quebec on Aug. 4, 2009.Despite the storm’s short duration, the

News AssociationsClimate ChangeInsurancePersonal Lines

What’s New: In Brief (August 07, 2009)

August 7, 2009 by Canadian Underwriter

Thus far, the current wildfires burning in British Columbia have not caused nearly as much property damage as the 2003 fires, experts say.Greg Thierman, manager of Crawford & Company (Canada)’s Kelowna branch, says that while the fires have come very

News AssociationsInsurancePersonal Lines

What’s New: In Brief (August 04, 2009)

August 4, 2009 by Canadian Underwriter

The number of cars stolen in Quebec is decreasing, but the number of thefts of articles taken from inside cars is increasing, reports Insurance Bureau of Canada (IBC).More than 31,000 vehicles were reported stolen in Quebec in 2008, marking a