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News AssociationsInsurance

Companies do not have effective response plans for data breaches: privacy lawyer

November 5, 2010 by Canadian Underwriter

Data protection is increasingly seen as a strategic issue, but most companies do not have an effective incident response plan, Adam Kardash, partner at Heenan Blaikie LLP’s Toronto office, told delegates at the Insurance Bureau of Canada (IBC)’s 10th Annual

News AssociationsInsuranceLegalPersonal Lines

Insurers urged to get written conflict-of-interest statements from law firms and treatment/assessment facilities

October 4, 2010 by Canadian Underwriter

Insurers wishing to expose potential insurance fraud should be getting written conflict-of-interest statements from legal, treatment and assessment facilities, a fraud investigator suggests.Donna Ford, an insurance fraud investigator with Northwood & Associates, addressed the topic of insurance fruad at the

News AssociationsInsurancePersonal Lines

Consumer education urged as auto reforms take effect

September 1, 2010 by Canadian Underwriter

Ontario’s auto insurance reforms took effect on Sept. 1, and government and insurance industry groups are encouraging consumers to educate themselves about the new regime.The reforms change the standard, mandatory auto insurance benefits package so that medical, rehabilitation and attendant

News AssociationsInsuranceLegalPersonal Lines

NB’s minor injury cap should be adjusted for inflation: Progressive Conservatives

August 26, 2010 by Canadian Underwriter

Should New Brunswick elect a Progressive Conservative government in the coming provincial election, the Insurance Bureau of Canada (IBC) will work with the newly elected government should it fulfill its election promise to review the province’s minor injury cap. IBC

News AssociationsInsuranceMarkets / CoveragesPersonal Lines

Citizen’s Group calls on New Brunswick to review minor injury cap

August 11, 2010 by Canadian Underwriter

A citizen’s group is calling on the New Brunswick government to review its $2,500 cap on insurance payments for minor injuries in auto collisions, Canadian Press reports.The news agency cites Frances McConnachie of Consumers for Insurance Fairness saying the cap

News AssociationsInsurancePersonal Lines

Alberta hailstorm causes record-setting $400 million in insured damages

August 11, 2010 by Canadian Underwriter

Alberta’s July 12 hailstorm caused a record-setting $400 million in insured damages, the Insurance Bureau of Canada reports, citing data from PCS-Canada. The amount establishes a new record for insured hailstorm damage in Canada.The previous record was set in Calgary

News AssociationsInsurancePersonal Lines

Ontario and IBC to roll out electronic vehicle insurance verification system

August 4, 2010 by Canadian Underwriter

Starting in November 2010, a new electronic verification system developed by the province and the Insurance Bureau of Canada will provide on-the-spot confirmation of valid insurance coverage during the licence plate renewal process. “The ability to check for insurance in

News AssociationsInsurancePersonal Lines

HCAI preparing for Ontario auto reforms

July 26, 2010 by Canadian Underwriter

Health Claims for Auto Insurance (HCAI), Ontario’s new electronic system for submitting auto insurance forms, is now preparing to process documents related to the province’s new auto insurance reforms.“Auto reform requirements were solidified, and the development of the functionality for

News AssociationsInsuranceMarkets / CoveragesPersonal Lines

IBC cautions Alberta rate board not to use cap-related reserve release to calculate 2010 premiums

June 29, 2010 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has cautioned the Alberta Insurance Rate Board (AIRB) not to include the impact of a 2009 reserve release by insurers when the board calculates its 2010 industry-wide annual rate adjustment.The AIRB held public hearings

News AssociationsClimate ChangeInsurancePersonal Lines

Tornado leaves swath of damage in Midland, Ontario

June 24, 2010 by Canadian Underwriter

A tornado tore through Midland, Ontario on June 23, the third tornado of the season in Ontario. A severe thunderstorm and funnel cloud ripped through the southern part of Midland on Wednesday evening, damaging property and forcing the community to

News AssociationsInsurance

First annual Watershed Awards announced

June 1, 2010 by Canadian Underwriter

The City of Edmonton has received the first annual national Watershed Award, offered jointly by the Insurance Bureau of Canada (IBC) and the Federation of Canadian Municipalities (FCM).The Watershed Awards recognize Canadian municipalities that take pro-active measures to reduce their

News AssociationsInsuranceLegalPersonal Lines

Ontario requires auto insurers to send publications to consumers explaining auto reforms

May 28, 2010 by Canadian Underwriter

Ontario’s insurance regulator is requiring the province’s auto insurers to mail out publications explaining the forthcoming auto insurance reforms to consumers.The content and wording of the documents, which are not to be altered when sent to consumers, is the product