Topic
Insurance
Eastern Canada to suffer residual effects of worsening hurricane season
September 4, 2007 by Canadian UnderwriterThe Canadian Hurricane Centre recently told Canadian Press that conditions are right for a turbulent close to the hurricane season.In an online posting, CTV cited a CP interview with Peter Bowyer of the Canadian Hurricane Centre in Dartmouth, N.S. CP…
What’s New: In Brief (September 04, 2007)
September 4, 2007 by Canadian UnderwriterXL Insurance, the global insurance operations of XL Capital Ltd., announced the increase of its underwriting capacity for construction projects, boosting its available capacity from $40 million to $100 million per project, according to a release. Like many industries, the…
Ontario moves to regulate driver education
August 31, 2007 by Canadian UnderwriterOntarios Ministry of Transportation (MTO) announced today that the province will be moving ahead to regulate driving schools and instructors, a move supported by the Insurance Bureau of Canada (IBC).Effective September 1, the Ontario government will regulate schools offering beginner…
New causation standard expands potential for negligence actions
August 31, 2007 by Canadian UnderwriterOver the last decade, the Supreme Court of Canada has introduced a more plaintiff-friendly standard for cause-in-fact, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees during a seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB.Causation…
What’s New: In Brief (August 31, 2007)
August 31, 2007 by Canadian UnderwriterGuy Carpenter & Company, LLC has launched a new branding campaign, Capital Ideas, and has announced that its logo will change to bring the look in-line with that of parent company Marsh & McLennan Companies (MMC).The new campaign – including…
Recent Supreme Court of Canada decision settles certain points about litigation privilege
August 31, 2007 by Canadian UnderwriterA recent decision by the Supreme Court of Canada in Blank v. Canada 2006 SCC 30 settles certain points regarding litigation privilege, Ted Bock, partner, Aikins, MacAulay & Thorvaldson LLP, told attendees during at seminar the Canadian Independent Adjusters Associations…
Any breach of care by an insured must be identified and reviewed
August 31, 2007 by Canadian UnderwriterCausation is the link that must be established between a defendants wrong and the plaintiffs loss; the plaintiff must prove that but for the defendants negligence any harm would not have occurred, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees…
What’s New: In Brief (August 30, 2007)
August 30, 2007 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) teamed up with the Ontario Provincial Police (OPP) and several regional police forces to uncover a substantial auto theft ring in the Toronto area, recovering more than Cdn$1.5 million worth of stolen vehicles.The joint-force,…
Loyalist reports decrease in revenues for Q2
August 30, 2007 by Canadian UnderwriterThe Loyalist Insurance Group Limited announced revenues for the company decreased Cdn$76,173 from Cdn$473,953 in 2006 Q2 to Cdn$397,790 in 2007 Q2. Total company expenses were down from Cdn$613,397 in 2006 Q2 to Cdn$586,644 in 2007 Q2.The company reported a…
What’s New: In Brief (August 29, 2007)
August 29, 2007 by Canadian UnderwriterPilot Insurance Company is continuing its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) announced. Pilot is proud to continue as a Full Partner of the Broker Identity Program,…
What’s New: In Brief (August 29, 2007)
August 29, 2007 by Canadian UnderwriterSasktel and SGI are partnering to help new drivers develop safe cell phone habits by offering six months of free voice messaging service to new drivers who are also SaskTel cellular customers. The service is intended to minimize distractions on…
Lack of underwriting discipline in commercial P&C industry: CIAB survey
August 28, 2007 by Canadian UnderwriterCommercial property-casualty insurance rates continued their free-fall during 2007 Q2 in a marketplace environment described as totally unpredictable in terms of pricing and underwriting, according to a commercial market index survey by U.S.s Council of Insurance Agents & Brokers (CIAB).…