Topic
Associations
IBC posts insurers’ voluntary Code of Conduct related to credit scoring
February 9, 2010 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) has released a voluntary Code of Conduct related to insurers’ use of credit-based insurance scores.The code applies to personal insurance only, including auto, homeowner, motorcycle, mobile homes and non-commercial dwelling fire insurance policies. The…
IBC launches new corporate brand
February 1, 2010 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has rebranded itself.The new logo prominently features a dark red maple leaf and identifies IBC as a national trade organization and as “Canada’s trusted voice in insurance,” a release says.Within the maple leaf are three…
Insurance industry counsels Alberta not to prohibit exclusion of claims for fire following terrorist events
January 12, 2010 by Canadian UnderwriterCanada’s property and casualty insurance industry is “strongly cautioning” the Alberta government to scrap a proposal that would prohibit insurers from excluding claims for fire damage following terrorist or earthquake events.Primary insurers would run a higher risk of insolvency if…
HCAI in stable condition: IBC
January 11, 2010 by Canadian UnderwriterThe Health Claims for Auto Insurance (HCAI) system is stable, with no new processing issues identified, according to Insurance Bureau of Canada. The HCAI pilot was re-launched on Sept. 28, 2009, with two insurers and nine health care facilities. After…
Three severe Canadian weather events in 2009 caused insured damages totalling Cdn$637 million: IBC
December 22, 2009 by Canadian UnderwriterThree separate severe weather events occurring in Alberta and Ontario in 2009 caused insured damages totalling Cdn$637 million, according to figures released by the Insurance Bureau of Canada (IBC) IBC says the various storms highlight the need for urgent action…
Ontario government green lights HST
December 11, 2009 by Canadian UnderwriterThe Ontario government has passed legislation to create a harmonized sales tax of 13%.The HST will be implemented on July 1, 2010.The implementation of the tax will result in a one-time hit of $250 million for the insurance industry at…
What’s New: In Brief (December 11, 2009)
December 11, 2009 by Canadian UnderwriterA severe winter storm in central Ontario has prompted CAA to warn motorists to stay off of the roads in that area.Eighty centimetres of snow is expected to fall throughout Dec. 11 in the Huntsville and Bracebridge areas, Environment Canada…
More signs that organized crime is involved in auto theft: IBC
December 9, 2009 by Canadian UnderwriterThe 2000 Honda Civic made the top of Insurance Bureau of Canada (IBC)’s annual list of most stolen vehicles. However, the addition of high-end vehicles such as the Cadillac Escalade to the list reflects the increasing involvement of organized crime…
HCAI information site launched
November 13, 2009 by Canadian UnderwriterAs the Health Claims for Auto Insurance (HCAI) pilot is re-launched, so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to…
IBC urges insurers to talk to each other to prevent organized crime
November 12, 2009 by Canadian UnderwriterInsurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when such signs arise, according to IBC investigator Kathy Metzger.Insurers must be vigilant in preventing organized crime, Metzger told delegates attending the…
What’s New: In Brief (November 09, 2009)
November 9, 2009 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has hired Ralph Palumbo as vice president for Ontario.Also, Jim Rivait, vice president for Alberta and the North, has left IBC to pursue other opportunities. The bureau has created a new senior vice president policy…
Insurance industry responds favourably to Ontario auto reforms
November 3, 2009 by Canadian UnderwriterCanadian insurers and insurance brokers have responded favourably to the auto insurance reform package introduced by the Ontario government on Nov. 2, 2009.Insurance Bureau of Canada (IBC) said the government’s reforms to the Ontario auto insurance system “address affordability of…