Topic
Insurance
New Brunswick Appeal Court addresses confusion around “ownership” in a motor vehicle policy exclusion related to underinsurance coverage
November 14, 2011 by Canadian UnderwriterConfusion around the “co-ownership” of a Peterbilt truck used in a commercial trucking business and a personal Chevy pickup truck figured prominently a recent New Brunswick Court of Appeal case focused on a policy exclusion for underinsured motorist protection.The Court…
Insurer must pay special award for failing to consider the “totality” of medical evidence: FSCO arbitrator
November 14, 2011 by Canadian UnderwriterAn Ontario arbitrator has upheld a special award against an insurer in a case involving termination of Income Replacement Benefits (IRB) on the basis of conflicting medical information.The Economical Mutual Insurance Company appealed an arbitrator’s finding of a special award…
York Fire re-brands itself as Unica Insurance Incorporated
November 14, 2011 by Canadian UnderwriterYork Fire & Casualty Insurance Company has become Unica Insurance Incorporated and will operate under the Unica brand name, the company announced on Nov. 14.The re-branding of York represents a milestone in the reinvention of the company since its acquisition…
IBAO announces 2011 Awards of Excellence
November 14, 2011 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) has presented its 2011 Awards of Excellence recognizing prominent insurance brokers and brokerages throughout Ontario. The awards were presented at the IBAO’s 91st Annual Convention in Toronto.The winners of the 2011 IBAO Awards…
Earthquakes have shaken up New Zealand’s insurance market: A.M. Best
November 14, 2011 by Canadian UnderwriterNew Zealand’s property and casualty insurance market is in a state of transformation as it grapples with prolonged earthquake activity and associated regulatory developments, a new special report from A.M. Best finds.The report, New Zealand’s Insurance Market on Cusp of…
Paul Davis Systems Canada Personnel Announcement: Bill Dietz
November 14, 2011 Paul Davis SystemsWe are pleased to announce that Bill Dietz has joined Paul Davis Systems Canada as Director, Franchise and Field Operations effective Monday, November 14th. Bill’s most recent professional experience was with The Franchise Company, a leader in the consumer…
FSCO to issue new guidelines intended to protect insurers from getting “papered” by health care treatment plans
November 11, 2011 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) is releasing new guidelines on Dec. 1, 2011 for Health Claims for Auto Insurance (HCAI) intended to prevent insurers from getting inundated by documentation from health care providers. The revised guidelines are intended…
“Misnamed” defendant on product liability action can be corrected after limitations period expires: Ontario Court
November 11, 2011 by Canadian UnderwriterThe Ontario Superior Court of Justice has allowed a plaintiff to add a defendant to a product liability action despite the expiry of a two-year limitation period, because doing so met the test that allows “the correction of a misnaming…
The Co-Operators launches sustainability toolkit
November 11, 2011 by Canadian UnderwriterThe Co-operators has launched a toolkit offering guidance for leading more environmentally sustainable lives. Sustainability at Home: Decision making help for your everyday choices was released in partnership with The Natural Step Canada.The toolkit presents Canadians with practical tips and…
RSA Canada CEO Rowan Saunders appointed to RSA’s Global Group executive team
November 11, 2011 by Canadian UnderwriterRSA has announced changes to its operating structure that will see RSA Canada president and CEO Rowan Saunders appointed to its Global Group executive team.Effective Jan.1, 2012, RSA Group will be organized into four regions: UK & Western Europe, Scandinavia,…
EGI Financial Holdings cites improvements in Ontario auto for better financial results in 2011 Q3
November 11, 2011 by Canadian UnderwriterEGI Financial Holdings Inc. reported a $2.3-million profit in 2011 Q3, up $2.3 million over 2010 Q3.For the first three quarters of 2011, EGI recorded a $10-million improvement in underwriting results over the same period in 2010.The company’s combined operating…
U.S. securities regulator files record number of enforcement actions in 2011
November 11, 2011 by Canadian UnderwriterThe U.S. Securities and Exchange Commission (SEC) filed a record 735 enforcement actions in the fiscal year that ended Sept. 30, the agency reported in a release.The number includes many cases involving highly complex products, transactions and market practices, including…