Canadian Underwriter

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Legal


Feature Claims CanadaLegal

No-Fault

May 31, 2011 Barbara L. Devlin and Gregory S. Pun

Deduction of No-Fault (Part 7) Benefits from Motor Vehicle Accident Damages Awards in British Columbia

News InsuranceLegalMergers and Aqcuisitions

BC regulator supports privacy commissioner decision regarding improper use of information around credit scoring

May 30, 2011 by Canadian Underwriter

British Columbia’s Financial Institutions Commission (FICOM) is supporting a recent privacy commissioner ruling that found an insurer failed to comply with privacy laws around the collection and use of personal information related to credit scores. The Office of the Information

News InsuranceLegal

Honda Canada warns customers about data security breach

May 30, 2011 by Canadian Underwriter

Honda Canada has advised its customers of a data breach involving the unauthorized access of 2009 records, including names, addresses, Vehicle Identification Numbers (VIN) and, “in a small number of cases,” Honda Financial Services (HFS) account numbers.The breach has reportedly

News Earnings / RatingsInsuranceLegal

Auctions carry regulatory risk and uncertainty in M&A scenarios: commercial lawyer

May 27, 2011 by Canadian Underwriter

Insurers being sold through an auction channel, rather than through a traditional acquisition deal, face greater regulatory risk and uncertainty of the transaction being completed, said Brian Rose, senior partner with Stikeman Elliott’s corporate commercial section.Rose spoke as a panel

News InsuranceLegalMergers and Aqcuisitions

The Economical says “no turning back” from demutualization now

May 27, 2011 by Canadian Underwriter

The Economical is continuing its dual-track approach to demutualization, which could either take the form of an initial public offering (IPO) or a “sponsored demutualization,” through a sale of some or all of the company to strategic partners.“I want to

News InsuranceLegalMergers and Aqcuisitions

Supreme Court of Canada agrees to hear case of a rotten tree killing a young man seated in a parked car

May 24, 2011 by Canadian Underwriter

The Supreme Court of Canada has granted leave to appeal the decision of the Quebec Court of Appeal in Ville de Westmount c. Richard Rossy et autres.Gabriel Rossy was killed in 2006 when a rotten tree fell on top of

News InsuranceLegalMergers and Aqcuisitions

MPI seeks public comment on discussion paper outlining road safety options

May 20, 2011 by Canadian Underwriter

Manitoba Public Insurance (MPI) is seeking public comment on options for promoting road safety.MPI notes 100,000 drivers in Manitoba are involved in collisions each year. The direct cost of claims is in excess of $650 million annually, with injuries accounting

News InsuranceLegal

OSFI moves to consolidate MCT and BAAT into one guideline

May 19, 2011 by Canadian Underwriter

The Office of the Superintendent of Financial Institutions (OSFI) is proposing the consolidation of the Branch Asset Adequacy Test (BAAT) and the Minimum Capital Test (MCT) into one guideline. OSFI released proposed changes to both the MCT and BAAT guideline

News InsuranceLegal

Aviva and OPP team up to offer creature comforts to traumatized kids

May 19, 2011 by Canadian Underwriter

The Ontario Provincial Police (OPP) and Aviva Canada have jointly launched the Community Bear Program, a program allowing OPP officers to comfort distressed children they encounter in their respective communities.With Aviva’s sponsorship, the program will equip OPP cruisers with black

News InsuranceLegal

CCIR seeks a more engaged dialogue between policymakers, insurers and the public

May 18, 2011 by Canadian Underwriter

In an effort to boost the Canadian public’s relationship with the insurance industry, the Canadian Council of Insurance Regulators (CCIR) has tweaked its strategic plan to focus on ways insurance regulators “can more profitably engage the policymakers in insurance issues.”CCIR

News InsuranceLegal

B.C. Insurance Council fines Roadways Insurance Agencies $20,000

May 13, 2011 by Canadian Underwriter

The Insurance Council of British Columbia has issued an order fining an insurance agency $20,000 for findings of misconduct occurring under two different owners over the course of three years.An investigative review committee (IRC) found that over the course of

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Rehab clinic in Ontario convicted for submitting false invoices and treatment plans, fined $50,000

May 13, 2011 by Canadian Underwriter

Pioneer Rehabilitation Clinic Inc. has pleaded guilty to knowingly making false or misleading statements to an insurer in order to obtain payment for goods and services provided to an insured in the Ontario Court of Justice in Toronto on May