Topic
Legal
Proposed Vancouver bylaw would require companies shipping oil by tanker to carry enough marine insurance to pay for spill
May 1, 2012 by Canadian UnderwriterVancouver city council is considering a bylaw proposal put forward by Mayor Gregor Robertson to have companies that ship oil by tanker to carry enough marine insurance to cover costs should a spill occur. If passed, the bylaw would require…
Manitoba introduces legislation to protect consumers against unfair car repair bills
May 1, 2012 by Canadian UnderwriterManitoba has proposed new legislation intended to protect consumers against unfair car repair bills. The rules would apply to repairs done by businesses to vehicles such as cars, trucks, or motorcycles. They would not apply to repairs completed as part…
Accidental Tourist
May 1, 2012 Jill McCutcheon, Partner, Borden Ladner Gervais LLP (Toronto)Licensing requirements for travel insurance are devilishly complex, varying across insurance classes, delivery channels and regulatory jurisdictions.
Marketplace
May 1, 2012 by Canadian UnderwriterCLAIMS Insured losses for catastrophes reached $1.5 billion last year Canadian insurers saw total insured losses due to catastrophes soar to $1.5 billion in 2011. The total is substantially higher than the $860 million in 2010, Joel Baker, president and…
When the Dam Bursts…
May 1, 2012 Jim Cameron, President, Cameron & Associates Insurance ConsultantsOntario mediations have reached a backlog of 35,000 cases and counting. Are insurers prepared for government measures being taken to prevent the flood?
Managing Auto Fraud
May 1, 2012 by Canadian UnderwriterA defence lawyer and vice president of claims consider how to apply risk management principles to prevent auto insurance fraud.
Fighting Fraud the Smart Way
May 1, 2012 Rick Hoehne and Christine Haeberlin, IBMEntity and predictive analytics can make fraud prevention especially effective at two key points – underwriting and claims intake.
Proposed NDP private members’ bill would hike auto insurance rates in Ontario substantially: Liberal MPP
April 30, 2012 by Canadian UnderwriterOntario drivers would see auto insurance rates go up, and skyrocket in some parts of the province, if legislative amendments proposed by the NDP get the green light, a Liberal MPP suggests — a claim the NDP denies. Banning the…
FSCO issues consumer warnings about unlicensed brokerages, insurance card scams
April 30, 2012 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has issued a number of consumer warnings over the past few weeks, publicizing the names of unlicensed insurance brokerages and releasing details of fraudulent insurance card scams. In unrelated posts, FSCO has cautioned…
Auto reforms appear to be making a difference: FSCO
April 27, 2012 by Canadian UnderwriterAccident benefits costs in Metro Toronto and the Greater Toronto Area (GTA) have been identified as an area of concern, but ongoing efforts seem to be helping rein in costs. The increase in accident benefit costs in the GTA dwarfed…
Ontario committee to hold public hearings on auto insurance
April 26, 2012 by Canadian UnderwriterA committee of the Ontario legislature has voted to conduct a “fair and balanced study” into auto insurance industry practices and trends. The Standing Committee on General Government passed a motion on Apr. 16 to strike the select committee, which…
IBC encourages Ontario to act with urgency on auto insurance file
April 25, 2012 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is keeping a watchful eye on the impact of Ontario’s 2010 auto insurance reforms and ongoing related initiatives, urging the provincial government to act quickly on its commitments to amend the catastrophic impairment definition…