Topic
Insurance
Quarter Century Club – 52th Annual Reception – May 26, 2011
April 13, 2011 Canadian Underwriter magazineFEATURING: ‘The Roasting of Neno Cappadocio’ Thursday, May 26th, 2011 Hilton International Toronto (Richmond Street at University Avenue) Reception – 12:00 p.m. Cost – $65.00 52nd Annual Reception Committee: John Cherrie – 416-737-7525 Stewart Ponton –…
ICLR Basement Flooding Symposium – May 26, 2011
April 13, 2011 Canadian Underwriter magazineBasement flooding is one of the biggest challenges facing homeowners, municipal governments and personal property insurers across the country. All industry stakeholders are invited to join the Institute for Catastrophic Loss Reduction (ICLR) at a comprehensive full-day event, as we…
Adjuster’s alleged comment about “no need to sue” for payment of a vehicle loss at issue in limitations case
April 12, 2011 by Canadian UnderwriterAn adjuster’s alleged comment leading an insured to believe there was “no need to sue” an insurer for payment of a vehicle loss may be a legitimate defence against an expired limitation period, and is thus a genuine issue for…
Japan ‘super cat’ event likely to trigger causation disputes
April 12, 2011 by Canadian UnderwriterThe insurance industry, and the loss adjusting community in particular, should be concerned about causation disputes and wide area damage arising from the Mar. 11 ‘Super Cat’ event in Japan, according to Crawford & Company.In a white paper, Japan Earthquake…
RMS estimates non-life insured losses of Japan quake/tsunami as high as $26 billion
April 12, 2011 by Canadian UnderwriterRisk Management Solutions (RMS) estimates insured losses from the Mar. 11 Japan earthquake and tsunami to range between $18 and $26 billion.After combining expected payouts by the life and health insurance sectors for death and injury, this figure could swell…
Japan earthquake spurs cat bond market
April 12, 2011 by Canadian UnderwriterThe Mar. 11 Japan earthquake has triggered an increased demand for catastrophe bonds, with a record $1 billion being issued in 2011 Q1, according to Willis Group Holdings’ boutique investment unit.This marks a dramatic increase from 2010 Q1’s issuance of…
Four P&C companies crack Top 100 list for Best Workplaces in Canada
April 12, 2011 by Canadian UnderwriterFour Canadian P&C insurance companies or agencies cracked the Top 100 Best Workplaces in Canada 2011.State Farm Insurance ranked 11th on a list of companies with 1,000 or more employees (Microsoft ranked Number 1 in this category).Admiral Insurance ranked 11th…
Ontario health practitioners racing to the SABS $3,500 finish line: adjuster
April 11, 2011 by Canadian UnderwriterMultiple submissions for medical and rehabilitation assessments and treatment under the Statutory Accident Benefits Schedule (SABS) are creating difficulty for adjusters in determining which submission gets priority in payment, said Laurie Walker, McLarens Canada’s director of Ontario auto accident benefits.The…
Brokers cannot rely solely on mandatory mailings related to Ontario auto reforms: lawyer
April 11, 2011 by Canadian UnderwriterBrokers relying solely on the mandatory mailings explaining the new optional benefits scheme in Ontario’s auto insurance regime may find themselves liable, cautioned Stephen R. Moore of Blaney McMurtry LLP.Moore spoke during the Canadian Defence Lawyers Accident Benefits Conference in…
Ontario insurance regulator to review compliance with auto reforms, suitability of product recommendations
April 11, 2011 by Canadian UnderwriterOntario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), is planning to conduct a number of market conduct reviews in 2011 – one to assess compliance with the province’s auto insurance reforms, and another one concerning the suitability of…
Insurance Institute of Canada launches new course on financial management
April 11, 2011 by Canadian UnderwriterThe Insurance Institute of Canada sees financial management as a critical skill unique to the insurance industry, and is offering a new course to teach it in Fall 2011. Financial management is of primary importance as middle managers move their…
Optional benefits in auto reforms may bring to light weakness in broker-client communications
April 10, 2011 by Canadian Underwriter***CLARIFICATION*** In the following story, panelist Jim Cameron is quoted as saying: “The problem being that people buy it as an optional benefit, that doesn’t mean you are entitled to it. You have to have a [more serious] injury than…