Topic
Legal
U.S. regulators investigating Honda for failing to submit reports of deaths and injuries
November 4, 2014 Dee-Ann Durbin, THE ASSOCIATED PRESSDETROIT – Federal regulators are investigating whether Honda Motor Co. failed to report deaths and injuries that occurred in its vehicles. Federal law requires automakers to report any claims they receive alleging that defective vehicles or parts caused a death…
Toronto man charged after police say fake auto insurance sold, over $1 million in claims paid
November 4, 2014 THE CANADIAN PRESSTORONTO – A 73-year-old Toronto man is facing multiple charges after police say fake auto insurance cards were sold, resulting in insurance claim payouts worth more than $1 million. It is alleged that the suspect was selling counterfeit insurance cards…
Interpreting Exclusion
November 1, 2014 Michael Teitelbaum, Partner, Hughes Amys LLPA recent ruling by the Court of Appeal for Ontario includes some interesting observations with regard to how to address what constitutes a multi-causal loss and how the pollution exclusion in a property policy should be interpreted.
Still Movement
November 1, 2014 Greg Meckbach, Associate Editor; Harmeet Singh, Online Editor; and Angela Stelmakowich, EditorAs always, things are changing on both the insurance and reinsurance fronts. Players in the Canadian market need to consider conditions at home and abroad to get a complete picture of things that remain the same and those poised to change.
Who Decides?
November 1, 2014 The CIP Society and the Insurance Institute of CanadaA broker is left feeling uneasy after a visit from an elderly client and the client’s daughter. Relying heavily on the daughter, who appears to be annoyed, the client comes across as confused and seems to be acquiescing to the daughter’s advice about changes to her homeowner’s policy, although there is no power of attorney. What should the broker do to ensure the client understands the changes and is protected?
Ontario PC Party wants more time to consider auto insurance reform bill
October 29, 2014 by Canadian UnderwriterOntario’s ruling Liberals are trying to pass an omnibus bill intended to reduce auto insurance claims costs, but Progressive Conservative politicians suggested this week that a time allocation motion on Bill 15 will limit opportunity for input from stakeholders such…
Distracted driving ‘much larger problem than just electronic devices’
October 27, 2014 by Canadian UnderwriterNew research suggests that there are distractions to driving other than cellphone use and there needs to be a “broader strategy” to deal with distracted driving, the Insurance Institute for Highway Safety (IIHS) said in a recent article. “Even though…
Drug-related teen driver fatalities catching up to alcohol-related deaths
October 22, 2014 by Canadian UnderwriterThe number of teen fatalities in auto collisions involving drug use rose significantly between 2000 and 2010, to a point that is as serious as drinking and driving, according to a new review from State Farm. Based on secondary research…
Ontario to increase fines for texting, using hand held phone while driving
October 21, 2014 THE CANADIAN PRESSTORONTO – Ontario motorists will face stiffer fines and penalties for texting while driving under legislation the Liberal government will re-introduce today. The previous bill to increase the maximum fine for distracted driving to $1,000 and impose three demerit points…
Attorney says death toll from GM ignition switches now stands at 29
October 20, 2014 THE ASSOCIATED PRESSDETROIT – At least 29 people have died and 27 people have been seriously injured in crashes involving General Motors cars with defective ignition switches. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday.…
IBC, Quebec trucking industry group partner to fight cargo theft
October 20, 2014 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) and the Association du camionnage du Québec (ACQ) have partnered on a cargo theft reporting program, aimed at tackling what the groups say is a crime that costs Canadians $5 billion per year. The Programme provincial de déclaration…
Greed, incompetence, neglect behind deadly mall collapse, inquiry finds
October 15, 2014 Colin Perkel, THE CANADIAN PRESSELLIOT LAKE, Ont. – Decades of incompetence, neglect, greed and dishonesty by a succession of owners, engineers and municipal officials led to the deadly cave-in of a northern Ontario mall two years ago, a judicial inquiry reported Wednesday. In…