Canadian Underwriter

Topic
Associations


News AssociationsInsuranceLegal

B.C. brokers maintain call for ban on credit scoring; alternative would be to regulate based on U.S. model

September 30, 2011 by Canadian Underwriter

The Insurance Brokers Association of B.C. (IBABC) maintained its support of a ban against credit scoring in a submission to the Canadian Council of Insurance Regulators (CCIR).But if credit scoring is to be allowed, the regulatory framework should follow that

News AssociationsInsurance

Pendulum of regulation in Canada is ‘swinging too far’: IBC president

September 26, 2011 by Canadian Underwriter

Speaking about the dangers inherent in a risk-by-risk review of capital charges for property and casualty insurers, the regulatory pendulum in Canada is swinging too far towards the ‘overregulation’ part if the spectrum, according to Canada’s property and casualty insurers

News AssociationsInsuranceLegalMergers and Aqcuisitions

Auto theft being used to fund terrorist activity: IBC

September 26, 2011 by Canadian Underwriter

Evidence suggests auto theft in Canada is being used to fund international terrorist activities, Rick Dubin, vice president of investigative services at the Insurance Bureau of Canada (IBC), told delegates of the National Insurance Conference of Canada (NICC). Although auto

News AssociationsClimate ChangeInsuranceMergers and Aqcuisitions

Goderich, Ontario tornado causes $75 million in insured damages

September 21, 2011 by Canadian Underwriter

A tornado that struck Goderich, Ontario in August 2011 caused at least $75 million in insured damage, according to the Insurance Bureau of Canada, citing a preliminary estimate from Property Claim Services Canada (PCS-Canada).Part of a storm front that spawned

News AssociationsInsuranceMergers and Aqcuisitions

F-0 tornado tears through Quebec community

September 6, 2011 by Canadian Underwriter

An F-0 tornado touched down in Trois-Rivières, Quebec on Sept 4, damaging more than 70 homes, cbcnews.ca reported. The twister uprooted trees, shattered car windows and damaged roofs when it ripped through the Saint-Therese neighbourhood in the city just after

Feature AssociationsMergers and Aqcuisitions

Finding the Phonies

September 1, 2011 David Gambrill, Editor

Cops and auto insurance claims investigators are warning about the identity theft of doctors, phony airbag deployment and fraudsters taking advantage of small claims settlements that go without investigation.

Bill Adams
Feature AssociationsMergers and Aqcuisitions

Tightrope and Tradewinds

September 1, 2011 Bill Adams, Vice President, Atlantic, Insurance Bureau of Canada

During Nova Scotia’s review of its provincial auto insurance system, Canada’s insurance industry is walking a metaphorical tightrope through mild tradewinds as it seeks to balance robust benefits with affordable premiums.

News AssociationsInsuranceMergers and Aqcuisitions

F3 tornado devastates southwestern Ontario town

August 22, 2011 by Canadian Underwriter

An F3 tornado devastated Goderich, Ontario, causing extensive damage, killing one person and injuring 37. On Aug. 21, at approximately 4pm, the tornado touched down packing winds around 280 km-h. It carved a path, roughly 20 kilometres in length and

Feature AssociationsLegalMergers and Aqcuisitions

Relay for Life

August 1, 2011 by Canadian Underwriter

The 2011 version of the Canadian Cancer Society’s Relay For Life featured the largest-ever number of insurance industry participants. The relay is a tribute to the lives of loved ones who have been touched by cancer. Teams of 10 people

News AssociationsInsuranceLegalMergers and Aqcuisitions

IBC calls for regulation of medical assessment clinics

July 15, 2011 by Canadian Underwriter

The insurance industry is calling for the accreditation and regulation of assessment clinic ownership to help put the brakes on fraudulent accident benefits claims. Fake accident treatment charges are costing insurers roughly $1.3 billion, a recent Toronto Star article says,

News AssociationsInsuranceMergers and Aqcuisitions

Insured damage from Slave Lake wildfires hits $700-million mark

July 5, 2011 by Canadian Underwriter

Insured damage caused by wildfires that ravaged much of the town of Slave Lake, Alberta in May has hit the $700-million mark, according to the Insurance Bureau of Canada, citing PCS-Canada data.The makes the Slave Lake wildfire the second-costliest insured

News AssociationsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario reforms are stabilizing the auto insurance product: IBC

July 5, 2011 by Canadian Underwriter

Ontario auto insurance reforms implemented last year have led to stability in the auto product, the Insurance Bureau of Canada says.“Recent claims that auto insurance rates may be rising dramatically are neither accurate nor supportable,” IBC says. “Ontario’s recent auto