Topic
Associations
HCAI to become mandatory on Feb. 1
January 18, 2011 by Canadian UnderwriterThe use of the Health Claims for Auto Insurance (HCAI) system will become mandatory for all health care facilities and providers on Feb. 1, 2011.On that date, every Ontario health care facility (and any associated health care provider) that submits…
Bridge Over Troubled Waters
January 1, 2011 Vanessa Mariga, Associate EditorAbsent funding for re-building entire infrastructures, municipalities are taking creative approaches to help curb water damage due to sewer backup and basement flooding. This opens up new opportunities for collaboration between insurers and municipalities.
Two-door, 2000 Honda Civic SiR the most stolen vehicle in 2010: IBC
December 16, 2010 by Canadian UnderwriterThe 2000 model of Honda’s two-door Civic SiR was the most stolen vehicle in 2010, according to the Insurance Bureau of Canada (IBC).Each year, IBC releases its Top-10 list of most stolen cars. The remainder of the IBC’s 2010 list…
Massive winter storm strands 360 vehicles in Southwestern Ontario
December 14, 2010 by Canadian UnderwriterA massive winter storm stranded more than 360 vehicles on an 80-km stretch of highway between London and Sarnia, Ontario, and Lambton County declared a state of emergency and called in the military for help.The entire southwestern Ontario area has…
IBC applauds feds for auto theft legislation
November 18, 2010 by Canadian UnderwriterInsurance Bureau of Canada (IBC) is applauding the federal government for passing Bill S-9, known as the Tackling Auto Theft and Property Crime Act. “IBC has worked tirelessly with our partners in law enforcement and with key members of Parliament…
Canada passes legislation cracking down on auto theft, trafficking in stolen property
November 11, 2010 by Canadian UnderwriterParliament has passed new legislation aimed at getting tougher on auto theft and trafficking in stolen property such as cars.The legislation is expected to receive Royal Assent imminently.“Auto theft costs Canadians over $1 billion each year and helps make organized…
Ontario implements real-time verification of auto insurance at plate renewals
November 11, 2010 by Canadian UnderwriterOntario’s Ministry of Transportation (MOT) is implementing an electronic verification system that will provide on-the-spot confirmation of insurance when drivers go to renew their licence plate.The Uninsured Vehicles Project (UVP) comes into effect on Nov. 29. It’s a joint initiative…
OSFI defends as “fair and reasonable” its guideline requiring due diligence on reinsurance contracts
November 5, 2010 by Canadian UnderwriterCanada’s solvency regulator acknowledges its Guideline B-3-Sound Reinsurance Practices and Procedures has “created a lot of stir” within Canada’s reinsurance community because of its insistence that federally regulated insurers perform a sufficient level of due diligence on reinsurance counterparties.But the…
Companies do not have effective response plans for data breaches: privacy lawyer
November 5, 2010 by Canadian UnderwriterData 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…
Insurers urged to get written conflict-of-interest statements from law firms and treatment/assessment facilities
October 4, 2010 by Canadian UnderwriterInsurers 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…
Consumer education urged as auto reforms take effect
September 1, 2010 by Canadian UnderwriterOntario’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…
NB’s minor injury cap should be adjusted for inflation: Progressive Conservatives
August 26, 2010 by Canadian UnderwriterShould 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…