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IBAC asks feds to take a cautious approach to demutualization

August 26, 2011 by Canadian Underwriter

Canadian brokers have asked the federal government to take a cautious approach to demutualization.In a submission to the federal government, the Insurance Brokers Association of Canada (IBAC) has asked the Department of Finance to keep in mind the important role

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Hamilton cops execute warrants against two collision centres, charge three in connection with insurance fraud investigation

August 26, 2011 by Canadian Underwriter

Hamilton police have executed search warrants against two collision centres in the city for allegedly perpetrating insurance fraud. So far, three local men aged 39, 48 and 67 have been arrested. Police believe local collision repair shops were hiring “chasers”

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FSCO issues warning of unlicensed auto insurer

August 24, 2011 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) is warning consumers that Lima Automobile Insurance Company is not licensed to do business in Ontario.In a statement, FSCO said it found that Lima Automobile Insurance Company is collecting premiums from clients without

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BC’s Supreme Court orders hefty punitive damages in auto fraud ring case

August 18, 2011 by Canadian Underwriter

British Columbia’s Supreme Court has ordered fraudsters to repay ICBC more than $344,000 for claims incured as a result of an auto theft ring. In his written decision for ICBC v. Ben-Jaafar, Justice Cullen describes how the fraud ring made

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AMF reviews reported bankruptcy of a firm offering replacement guarantees that were not covered by an insurer

August 16, 2011 by Canadian Underwriter

The Autorité des marchés financiers (AMF) is reviewing a notification it received that the Courtier en service automobile (CSA), a firm offering replacement guarantees, filed for bankruptcy on Aug. 4, 2011. “The bankruptcy stems from claims filed by clients over

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Insurers must move quickly to get second opinion when surveillance video contradicts opinion of retained health professional: arbitrator

August 11, 2011 by Canadian Underwriter

An Ontario arbitrator has ordered a $6,000 special award against an insurer because the insurer relied too heavily on surveillance video in support of its monthly attendant care payments of more than $2,000, instead of relying on the advice of

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Ironshore Inc. announces launch of commercial crime unit

August 11, 2011 by Canadian Underwriter

Ironshore Inc.’s Lloyd’s Pembroke Syndicate 4000 has launched a commercial crime unit as an expansion of its financial lines operations. Sarah Markham has been named director of the new unit, reporting to Christopher D. Brown, director and deputy underwriter of

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Counsel involved in professional indemnity for lawyers named to Nova Scotia Barristers’ Society

August 11, 2011 by Canadian Underwriter

Daniel M. Campbell of Cox & Palmer has become president of the Nova Scotia Barristers’ Society.Campbell has played an active role in both the Lawyers’ Insurance Association of Nova Scotia and the Canadian Lawyers’ Insurance Association, which provide professional liability

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FSCO charges Ontario Disability Management Inc. with auto insurance fraud

August 10, 2011 by Canadian Underwriter

Ontario’s auto insurance regulator, the Financial Services Commission of Ontario (FSCO), has charged Ontario Disability Management Inc. and Aksana Miakouchkina (also known as Roxanne Mitch) with knowingly making false or misleading statements to an auto insurer to obtain payment for

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Court rejects defendants’ concerns that plaintiff with brain injury might tailor accident recollection if defendants examined first

August 8, 2011 by Canadian Underwriter

An Ontario Superior Court Justice has rejected a request to change the order of examinations for discovery after the insured defendants expressed concern the brain-injured plaintiff might augment his recollections of an accident after hearing the defendants examined first.In Ezeh

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The Economical calls for P&C demutualization regulations to be similar to rules for life insurers – with some exceptions

August 5, 2011 by Canadian Underwriter

The Economical Mutual Insurance Company has proposed to the federal government that Canadian property and casualty insurers should follow essentially the same demutualization process as reflected in the rules for life insurance mutuals.However, in a submission to the federal government,

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FSCO revises arbitration forms to require email addresses, issues new rules for use of electronic calendar system

August 3, 2011 by Canadian Underwriter

The Dispute Resolution Services (DRS) section of the Financial Services Commission of Ontario (FSCO) has issued a new bulletin amending arbitration forms and outlining new rules for the use of an electronic calendar system for use in arbitrations.The DRS eCalendar