Topic
Associations
Extreme weather events can quickly change a good year to a bad one
March 31, 2015 Angela Stelmakowich, EditorFrequent extreme weather events are a new wild card that demand acknowledgment and preparation, Gregor Robinson, senior vice president of policy and chief economist for the Insurance Bureau of Canada (IBC), suggested Tuesday during Swiss Re’s 30th Canadian Industry Outlook…
Lower oil prices may have positive effect on demand for p&c insurance products: IBC
March 31, 2015 Angela Stelmakowich, EditorThe recent slide in the price of oil will influence the Canadian economy over the next two years, but there may be a silver lining for the property and casualty industry in that the lower gas prices expected to follow…
Alberta rules on distracted driving supported by industry
March 31, 2015 byThe Insurance Bureau of Canada (IBC) is applauding proposed requirements in Alberta – which received the green light in the provincial legislative assembly – that seek to curb distracted driving by beefing up fines and penalties for texting while behind…
York Region police officer convicted in insurance fraud case
March 27, 2015 by Canadian UnderwriterA York Regional Police (YRP) officer has pleaded guilty to a charge of “knowingly making a false or misleading statement or representation to an insurer” under the Insurance Act, the police force revealed on Thursday. On Tuesday, Const. Stuart Coleman…
IBC supports B.C. government’s earthquake report
March 27, 2015 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is applauding the government of British Columbia’s earthquake preparedness report, which recommends that the provincial and federal governments engage with the insurance industry and other key stakeholders to develop a strategy on disaster resilience…
Insurance Institute, IBC host fraud seminars in five Canadian cities in March
February 24, 2015 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) and The Insurance Institute of Canada are running a seminar series in five Canadian cities on fraud this March. One scheduled speaker is Kathy Metzger, investigator with IBC’s Ontario injury rings unit. “Her investigations…
Ontario and Quebec’s November storm tops $90 million in insured damage: IBC
January 5, 2015 by Canadian UnderwriterA preliminary estimate from Property Claim Services indicates the late-November storm that brought with it heavy rains and winds across Ontario and Quebec caused more than $90 million in insured damage, reports the Insurance Bureau of Canada (IBC). The storm…
Recent Ontario auto insurance reforms could impact whole Canadian P&C market: A.M. Best
December 11, 2014 by Canadian UnderwriterWhat else happens with Ontario auto insurance in the wake of recently passed reforms meant to combat fraud and protect consumers could influence the Canadian property and casualty market as a whole, as well as have very different effects on…
Vehicle thieves in Canada keep on truckin’
December 3, 2014 by Canadian UnderwriterOrganized criminals in Canada are increasingly targeting Ford F-series trucks, with these vehicles occupying seven of the top 10 spots on the country’s most frequently stolen vehicle list for 2014, note figures released Wednesday by the Insurance Bureau of Canada…
Conviction made in Toronto-based staged collision ring: IBC
December 1, 2014 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is applauding what it calls a strong sentence handed down in connection with a “directing mind of several clinics” involved in a Toronto-area staged collision ring. Vishnukanthan Sabapathy – who pleaded guilty to two…
IBC, brokers pleased auto insurance bill passes in Ontario
November 20, 2014 by Canadian UnderwriterThe Insurance Bureau of Canada said Thursday it welcomed the news that the Ontario legislature has passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act. “It’s a great step and strikes a blow at those in the…
Towing firms propose changes to Ontario auto insurance fraud bill
November 13, 2014 by Canadian UnderwriterThe Ontario government is currently working on an omnibus bill intended to reduce auto insurance claims costs, but an executive from one insurer warns of “unintended consequences” if tow trucks are defined as commercial vehicles under provincial law while a…