News

The Financial Services Commission of Ontario (FSCO) has laid 84 charges under Ontario’s Insurance Act against two Toronto rehabilitation clinics and four individuals alleged to have submitted false invoices to auto insurers. The clinics were each charged with seven counts of…

First Insurance Agencies Ltd. in Campbell River, British Columbia has joined Western Financial Group’s growing network of insurance brokerages across western Canada, effective Jan. 14. Marking Western’s third acquisition on Vancouver Island in the last year, the company now has…

Extensive damage caused by ongoing bushfires prompted the Insurance Council of Australia (ICA) to formally declare as catastrophes the region around Coonabarabran and the Warrumbungle National Park in northern New South Wales. The ICA issued the catastrophe declaration, which covers…

The New Brunswick Court of Appeal recently upheld a lower court decision requiring a fire insurance claimant to produce records for State Farm Fire & Casualty Insurance. The appeal court dismissed an appeal from Karen Bennett of an Oct. 2011…

Specialty insurance broker Signature Risk Partners Inc. has launched a new database of stolen golf carts. The Stolen Cart Online Registry (SCOR) addresses a need by the golf industry to track stolen carts from different manufacturers, the company says. “The…

There is a 7% probability that the global insurance industry will see a level of loss similar to 2011, when insured losses from global natural catastrophes exceeded $110 billion, suggests a new report. In its report, Taking a Comprehensive View…

Improving the insurance claims process and upgrading or replacing claims systems were among the key focus areas for the majority of insurance claims professionals in the United States responding to a survey by Massachusetts-based Trillium Software. Almost 93% of respondents…

The Ontario Health Professionals Appeal and Review Board recently confirmed a decision by a committee of the College of Physicians and Surgeons of Ontario (CPSO) to caution an independent medical examiner who made what it called an “inadequate and inaccurate”…

Online financial comparison website, Kanetix.ca, has launched a new mobile app that allows users to scan and compare auto insurance quote estimates from their iPhone. The free Kanetix Car Insurance Quick Quote app is a first in Canada, the company says, and…

Auto insurance provider CAA South Central Ontario is pushing for Toronto politicians to vote in favour of funding more than $500 million worth of repairs over 10 years on the F.G. Gardiner Expressway. The divided highway, which is elevated from…

The Insurance Bureau of Canada is using Crime Stoppers Month as an opportunity to again remind the public about the high cost of insurance fraud. January is Crime Stoppers Month in Ontario, where high auto insurance premiums are often linked…

Munich-based financial services giant Allianz is estimating its losses from October’s superstorm Sandy to be $590 million, a preliminary figure that includes payments to customers and related items such as reinsurance reinstatement fees. “Despite the impact of Hurricane Sandy, we continue…