Topic
Legal
Supreme Court to rule on conflict between bankruptcy law, provinces collecting money from uninsured drivers
June 12, 2014 Greg Meckbach, Associate EditorThe Supreme Court of Canada plans to rule on the question of whether a province can suspend the driver’s licence of a person who has been discharged from bankruptcy after failing to pay, in full, money owed to that province’s…
FSCO inviting insurers, law firms to register for new dispute resolution portal
June 12, 2014 by Canadian UnderwriterThe Financial Services Commission of Ontario has announced that the registration for access to its new dispute resolution services portal is now available for insurance companies and law firms. The pilot phase for use of the portal is set to…
U.S. opens investigation of air bag ruptures in 1.1 million older model vehicles from five automakers
June 12, 2014 by Canadian UnderwriterDETROIT – U.S. safety regulators are investigating whether 1.1 million vehicles from five automakers have air bags that could hurt people in a crash. The National Highway Traffic Safety Administration said it opened the probe Wednesday after getting six reports…
New vehicle seizure consequences for impaired, distracted drivers coming to Saskatchewan
June 10, 2014 by Canadian UnderwriterSeveral changes are coming to Saskatchewan related to vehicle seizures for people engaging in high risk behaviour while driving. The new consequences for impaired driving and distracted driving come into effect June 27. “We believe harsher penalties, including the inconvenience…
GM CEO says deep dive into safety issues finds no serious problems beyond ignition switch
June 10, 2014 Tom Krisher, THE ASSOCIATED PRESSDETROIT – A thorough review of General Motors’ safety issues is nearing completion and hasn’t turned up any more serious problems, the company’s CEO said Tuesday. Speaking to reporters before the company’s annual meeting, Mary Barra also said that personnel…
New computer animation details 2010 Deepwater Horizon blowout
June 9, 2014 by Canadian UnderwriterInvestigators with the U.S. Chemical Safety Board (CSB) suggest the same conditions at the time of the Deepwater Horizon blowout – prompting the largest oil spill in the history of the United States – could occur at other drilling rigs,…
FSCO issues two consumer warnings of unlicensed insurance activity
June 6, 2014 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has issued two separate warnings related to unlicensed insurance activity in the province. The regulator first warned that an individual going by Frank Domalewski is not licensed to do insurance business in Ontario. “This individual appears to…
GM CEO says incompetence, negligence led to delayed recall of defective part; 15 people let go
June 5, 2014 Tom Krisher and Dee-Ann Durbin, THE ASSOCIATED PRESSWARREN, Mich. – General Motors says a pattern of incompetence and neglect, not a larger conspiracy or coverup, is to blame for a long-delayed recall of defective ignition switches. GM CEO Mary Barra, who released the results of an internal…
U.S. probes effectiveness of Chrysler air bag recall in 745,000 older Chrysler SUVs
June 2, 2014 THE ASSOCIATED PRESSDETROIT – U.S. safety regulators are investigating whether a recall to fix air bags on nearly 745,000 Chrysler SUVs is working properly. The company recalled older-model Jeep Grand Cherokees and Libertys in 2012 because the air bags could inflate without…
Value of fraudulent claims uncovered by insurers in U.K. hits record level
June 2, 2014 by Canadian UnderwriterAlthough the number of detected fraudulent insurance claims uncovered by insurers in the United Kingdom was down slightly last year, the value rose 18% to a record £1.3 billion in 2013 compared to 2012. Figures published Friday by the Association…
Talking Telematics
June 1, 2014 Angela Stelmakowich, Editor and Harmeet Singh, Online EditorCanada has entered the telematics arena, with several stakeholders offering usage-based insurance (UBI) programs. Commoditization, privacy and consumer demands are sure to become even more frequent topics than they already are.
The Complexity of an Abuse Claim
May 31, 2014 byIn a Newfoundland sexual abuse case, new evidence allows an insurer to void a policy due to misrepresentation