Topic
Insurance
FSCO’s expert panel says ‘no’ to combining physical and psychological in catastrophic impairment designations
April 15, 2011 by Canadian UnderwriterPhysical and psychological impairments should not be combined for the purpose of catastrophic determination, according to an expert panel appointed by the Financial Services Commission of Ontario (FSCO) to draft a new definition of catastrophic impairment.The FSCO panel released its…
Ontario arbitrator says AB insurer must pay full cost of expert report used in both accident benefits and tort proceedings
April 15, 2011 by Canadian UnderwriterAn Ontario arbitrator has ordered an insurer to pay for the full cost of an expert report even though the report was also being used in a related tort case.In Sanmuganathan Elaiathamby v. State Farm Mutual Automobile Insurance Company, Elaiathamby…
FirstOnSite expands presence with two new branches
April 15, 2011 by Canadian UnderwriterFirstOnSite Restoration has expanded its presence in Quebec and Alberta.The emergency restoration company opened a branch in Quebec City, which will be lead by Daniel Jean, a 25-year veteran in the construction and restoration industry. “FirstOnSite has already been active…
Peel cop arrested following investigation of staged collisions
April 15, 2011 by Canadian UnderwriterA Peel Regional Police Officer has been arrested in Brampton following a fraud investigation into staged motor vehicle collisions.With the assistance of the Insurance Bureau of Canada, investigators with the Internal Affairs Bureau conducted an investigation into a series of…
Aviva Canada launches mobile Web site
April 15, 2011 by Canadian UnderwriterAviva Canada launched a new Web site, designed for use on smartphones or other mobile devices.The new site can be accessed by visiting avivacanada.com from any browser-enabled smartphone, not just iPhones or Blackberries.Key features of the new mobile Web site…
FirstOnSite Restoration Expands its Reach Across Canada and Opens in Medicine Hat, Alberta
April 15, 2011 Canadian Underwriter magazineTORONTO, ONTARIO, March, 2011 – FirstOnSite Restoration, Canada’s largest independent disaster restoration company announces the opening of its new Medicine Hat, Alberta branch. With its ever expanding presence in the Southern Alberta marketplace, FirstOnSite is ready to begin servicing clients…
FirstOnSite Restoration Strengthens its Presence in Qubec
April 15, 2011 Canadian Underwriter magazineTORONTO, ONTARIO, April 15, 2011 – FirstOnSite Restoration, Canada’s largest independent disaster restoration company, today announced it has expanded its operations in Québec and now serves the Québec City marketplace. The expansion is a part of FirstOnSite’s strategy to provide…
Debate over The Economical’s board membership begins in earnest
April 14, 2011 by Canadian UnderwriterDebate over a proposed vote to replace the current board of directors of the Economical Mutual Insurance Company began in earnest the week of Apr. 11-15.The dispute about board membership is linked to a proposal to demutualize the company. Mutual…
Alberta regulator posts revised guidelines related to insurers switching to unbundled or segmented rating programs
April 14, 2011 by Canadian UnderwriterAn Alberta driver’s insurance premium should not increase by more than 10% per year solely as a result of their insurance company switching from a traditional rating program to an unbundled or segmented rating program, the Alberta superintendent of insurance…
Johnson Inc. launches new mobile app for Apple iPhone
April 14, 2011 by Canadian UnderwriterJohnson Inc. has launched a new mobile app for the Apple iPhone. The new Johnson mobile app provides customers with the following features. •Claims Frequently Asked Questions (FAQs) containing advice on what to do if you’ve been in an accident.…
The Co-operators sees gains in home lines in 2010, deterioration in auto
April 14, 2011 by Canadian UnderwriterThe Co-operators General Insurance Company reported a net income of $80.7 million for 2010, marking an increase from 2009’s $74-million profit.The combined ratio for the company (excluding market yield adjustment) deteriorated slightly from 101.7% in 2009 to 103.1% in 2010.…
WICC honours IBAO with Gold Flame Award
April 14, 2011 by Canadian UnderwriterThe Women in Insurance Cancer Crusade (WICC) honoured the Insurance Brokers Association of Ontario (IBAO) with its Gold Flame Award at WICC’s 15th annual gala dinner in Toronto on Apr. 13.The award recognizes individuals or organizations making donations that exceed…