Topic
Insurance
E&O insurers should take an interest in inquests, disciplinary hearing “sideshows”
October 29, 2010 by Canadian UnderwriterInsurers defending professionals should be aware of inquest or disciplinary hearings involving insureds, even if these ‘sideshow’ proceedings are not covered under E&O policies, because of the potential impact the proceedings may have on a subsequent civil action that does…
Psychological and physical injuries cannot be combined to determine catastrophic impairment: Ontario Superior Court
October 28, 2010 by Canadian UnderwriterPercentage determinations of psychological impairments cannot be added to percentage determinations of physical impairments to determine whether or not a person has suffered a whole person ‘catastrophic impairment’ under the Statutory Accidents Benefits Schedule (SABS), the Ontario Superior Court of…
Bad faith no longer necessary for monetary awards for breach of Charter rights: Supreme Court of Canada
October 28, 2010 by Canadian UnderwriterBad faith is no longer a necessary requirement for awarding monetary damages for the breach of a Charter right following a recent Supreme Court of Canada decision, Blaney McMurtry LLP reported in its Insurance Observer.In Vancouver (City) v Ward, a…
Canadian businesses must incorporate water-related challenges into risk management programs: Marsh
October 28, 2010 by Canadian UnderwriterCanadian businesses must develop a strategy to better understand and prepare for water-related challenges, or they risk halting operating due to water shortages, water quality or water safety issues, according to Marsh Canada Limited.In its report, A Review of Water-Related…
Despite recession, Gen Ys still expect their employers to go green: RSA poll
October 28, 2010 by Canadian UnderwriterDespite job insecurity and shrinking disposable incomes associated with the global recession, Generation Y adults – those born in the mid-1980s and later – still expect employers to demonstrate a commitment to improving the environment, according to a Leger Marketing…
Axa SA reports overall revenue growth of 3%, gains in its Canadian P&C segment
October 28, 2010 by Canadian UnderwriterAxa SA is reporting total revenue growth of 3% during the first nine months of 2010, including gains in its Canadian property and casualty segment.Overall, Axa SA’s “property and casualty revenues increased by 0.7% to [EUR21.389 billion] as the 3.9%…
Myths and Misunderstandings of Whiplash Associated Disorders (WAD)
October 28, 2010 Canadian Underwriter magazineFrom Collision to Care — This half-day workshop will guide the attendee from the collision through the diagnosis, treatment, and care of WAD When: November 25, 2010 • 12:00-4:00 p.m. (lunch provided) Where: Ontario Bar Association Conference Centre (OBA) at 20…
Majority of insurers satisfied with how ERM programs performed through financial crisis
October 27, 2010 by Canadian UnderwriterMore than half of the insurers surveyed in Towers Watson’s biennial global ERM survey said they were satisfied with their ERM capabilities throughout the financial crisis.Of the 465 insurance and reinsurance executives surveyed around the world, 58% felt satisfied with…
Compu-Quote updates its residential ITV calculator
October 27, 2010 by Canadian UnderwriterCompu-Quote has launched an update to ezITV, its residential replacement cost valuation tool.ezITV 2010 accesses the eValue-EVS cost engine through a Web service, reducing the need for users to process updates.The program interface and functionality is similar to its predecessor,…
Ontario arbitrator notes insurers must take more care in a post-DAC world
October 27, 2010 by Canadian UnderwriterAn Ontario arbitrator has granted a special award against an insurer that terminated income replacement benefits to a claimant, on the basis that the insurer uncritically relied on a vocational assessment that appeared to have been the product of what…
Granite Global Solutions announces board and executive appointments
October 27, 2010 by Canadian UnderwriterGranite Global Solutions Inc. – the holding company of McLarens Canada, Sibley & Associates, King Reed & Associates and Rochon Engineering – has announced a series of board and executive appointments.The appointments include:• John Chippendale, vice chairman of HKMB Hub…
Exclusivity agreement ends between Esporta Wash Systems Inc., WINMAR and Disaster Kleenup Canada
October 27, 2010 by Canadian UnderwriterEsporta Wash Systems Inc. no longer has an exclusivity agreement with WINMAR Property Restoration Specialists and Disaster Kleenup Canada (DKC).WINMAR and DKC signed an agreement with Esporta Wash Systems in 2007, giving the two Canadian restoration contractors exclusive rights to…