Topic
Legal
Running hot
July 31, 2014 Craig Harris, freelance writerPrivate sector-run auto insurance systems in provinces across Canada are experiencing troubling loss trends in key areas. While reforms, such as minor injury caps, treatment protocols and anti-fraud measures, have had stabilizing effects in recent years, there are signs of overheating in claims frequency and severity. Adjusters argue that a more thorough approach to claims handling and statement taking at first notice is a sound way to address cost pressures.
Property Loss Trends
July 31, 2014 Glenn Gibson, Chief Executive Officer, Crawford & Company ConsultingA review of recent legal cases shows some interesting developments involving property insurance claims.
The Mortgage Clause
July 31, 2014 Bruno De Vita, partner; and Hollis Bromley, partner, Alexander Holburn Beaudin + Lang LLPInsurers and adjusters shouldn’t overlook the role of the standard mortgage clause in the property insurance policy.
Police recover $1.4 million in stolen cargo
July 31, 2014 byA recent police raid helped identify roughly $1.4 million in stolen property from 15 separate cargo load thefts over the past several months, the Insurance Bureau of Canada said July 15. “Multiple search warrants were executed on warehouses in the…
Toronto-area rehab clinic convicted of fraud, fined $200,000 plus restitution
July 23, 2014 by Canadian UnderwriterA Toronto-area rehabilitation clinic has been convicted of several auto insurance fraud-related offences and has been fined $200,000. Ontario Rehab Centre was charged following co-operative investigations involving the Financial Services Commission of Ontario (FSCO), the Insurance Bureau of Canada, multiple…
Edmonton Police recover recreational equipment in false vehicle identification number scheme
July 18, 2014 by Canadian UnderwriterThe Edmonton Police Service (EPS) announced Thursday it has recovered more than $863,000 worth of travel trailers and other allegedly stolen property after an investigation into false vehicle identification numbers, in which the Insurance Bureau of Canada provided help. “Police…
IBC cargo theft reporting database helps police recover $1.4 million in stolen property
July 15, 2014 by Canadian UnderwriterA recent police raid helped identify roughly $1.4 million in stolen property from 15 separate cargo load thefts over the past several months, the Insurance Bureau of Canada said Tuesday. “Multiple search warrants were executed on warehouses in the City…
Ontario Liberals revive bill to cut auto insurance rates and curb towing costs
July 15, 2014 THE CANADIAN PRESSTORONTO – Ontario’s governing Liberals are reviving legislation aimed at reducing auto insurance rates and inflated towing costs. The Liberals introduced two bills in the spring to help reduce auto insurance premiums by an average of 15 per cent across…
FSCO issues another consumer warning about unlicensed insurance activity
July 14, 2014 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has issued a warning to consumers that Hendrickson TD Insurance and an individual known as Mr. Yeme are not licensed to do insurance business inthe province. “This individual appears to be selling false…
FSCO issues two consumer warnings of unlicensed insurance activity
July 11, 2014 by Canadian UnderwriterThe Financial Services Commission of Ontario has posted two consumer warnings of insurance-related scams in the province. An individual known as Kimberly or Gelisa Watson is not licensed to do insurance business in Ontario, FSCO said in a statement on…
Ontario to bring back bill to toughen penalties for distracted driving: Wynne
July 11, 2014 Maria Babbage, THE CANADIAN PRESSTORONTO – Premier Kathleen Wynne says she’s concerned that Ontario teens are forming bad habits when it comes to texting while driving, after a new survey suggested an alarming number of students are typing while behind the wheel. “It’s very…
Nearly half of teens report having texted while driving, student survey finds
July 9, 2014 Sheryl Ubelacker, THE CANADIAN PRESSTORONTO – An alarming proportion of Ontario teens report that they have texted while behind the wheel of a vehicle, says a survey of Grade 7 to 12 students in the province conducted for the Centre for Addiction and Mental…