Ontario’s definition of a “catastrophic impairment” may have widened as a result of a recent decision by the Financial Services Commission of Ontario, lawyers are saying about the case of Aviva and Pastore.In Aviva and Pastore, a FSCO director delegate…
A newer method of calculating loss of income in the event of a breadwinner’s death could save defense costs, said Jamie Dunn, partner at Blouin Dunn LLP.The method is used in situations in which both spouses or partners are breadwinners…
Cunningham Lindsey Canada has expanded its Ontario operation with the opening of a new office in Cornwall.Diane Lefebvre will serve as branch manager. She was most recently an adjuster in CLC’s Ottawa location.Lefebvre brings more than a decade of claims…
The Insurance Brokers Association of Ontario (IBAO) has launched a social media campaign featuring a new blog and Twitter account.IBAO’s goal with the campaign is to further develop and empower its community of brokers to better educate consumers and media…
Having just come through a worldwide financial crisis, global reinsurers are once again entering “the cheating years,” describing a cycle in which insurance companies employ reserve funds to bolster their combined ratios, and thus boosting their return on equity (ROE)…
More accident benefits (AB) claimants will likely find themselves in small claims court as a result of the Jan. 1, 2010 changes to Rules of Civil Procedure, said Kadey Shultz, an associate at Hughes Amys, LLP.Shultz spoke on recent decisions…
Capital has come back to the global re/insurance market “with a vengeance” in 2009, and the debate is on as to whether companies will try to reduce some of their capital through share buybacks or mergers and acquisitions activity in…
A recent guideline issued by the Office of the Privacy Commissioner of Canada states that third parties must be blurred out in surveillance footage. The OPC published guidelines on covert surveillance in the private sector in May of 2008. By…
The Risk and Insurance Management Society (RIMS) is publicly opposing two aspects of the Obama Administration’s budget blueprint.Specifically, RIMS opposes a budget proposal to roll back the government’s terrorism insurance backstop by $250 million.Secondly, it is concerned about a proposal…
Canadian Securities Administrators (CSA) commenced 124 securities proceedings in 2009, marking a decrease from the 171 proceedings commenced in 2008, according to the CSA’s 2009 Enforcement Report.The 124 matters were commenced against a total of 154 individuals and 112 companies.The…
Munich Re increased its 2009 profit to €2.56 billion (about Cdn$3.78 billion), marking an increase from 2008’s profit of €1.58 billion, according to the reinsurer’s preliminary calculations.The profit for 2009 Q4 was €780 million (about Cdn$1.15 billion), marking an increase…
Attention all curlers! The PCUC committee would like to invite you to join us and your colleagues this coming March 12th for the PCUC 5th Annual Curling Bonspiel. The details were released approximately two weeks ago and we are already…