The Société de l’assurance automobile du Québec (SAAQ), the province’s auto insurer, has posted an information bulletin providing guidance on the use of electronic on-board recorders (EOBRs) used in heavy vehicles.The devices have increasingly replaced paper format daily logs with…
The traditional insurance model has allowed property and casualty insurers to withstand the recent financial crisis, but as insurers branch out from this model and offer more non-insurance related products, they are more vulnerable to financial risks associated with the…
Confusion around the “co-ownership” of a Peterbilt truck used in a commercial trucking business and a personal Chevy pickup truck figured prominently a recent New Brunswick Court of Appeal case focused on a policy exclusion for underinsured motorist protection.The Court…
An Ontario arbitrator has upheld a special award against an insurer in a case involving termination of Income Replacement Benefits (IRB) on the basis of conflicting medical information.The Economical Mutual Insurance Company appealed an arbitrator’s finding of a special award…
The Financial Services Commission of Ontario (FSCO) is releasing new guidelines on Dec. 1, 2011 for Health Claims for Auto Insurance (HCAI) intended to prevent insurers from getting inundated by documentation from health care providers. The revised guidelines are intended…
The U.S. Securities and Exchange Commission (SEC) filed a record 735 enforcement actions in the fiscal year that ended Sept. 30, the agency reported in a release.The number includes many cases involving highly complex products, transactions and market practices, including…
DAS Canada is offering small businesses in Atlantic Canada a week of free access to its legal service hotline and the opportunity to win a free year of legal insurance coverage.During the week of Nov. 14, small business owners in…
Ontarians have not paid more than $1 billion in Provincial Offences Act fines, and one-third of these fines relate to driving with invalid or false insurance cards, according to a white paper released on Nov. 9 by the Ontario Association…
Insurance Bureau of Canada (IBC) remains cautiously optimistic of Nova Scotia’s auto insurance reforms, expressing concern regarding the complexity of implementation issues associated with such comprehensive changes. “IBC applauds the Nova Scotia government for its direction with these reforms and…
Nova Scotia unveiled its proposed auto insurance reforms, which will be implemented in two phases over the next two years.The key aspects of the reforms contained few surprises, including enhanced no-fault, mandatory med-rehab limits of up to $50,000; a new…
Removing gender as a rating factor is not included in the 2011 auto insurance reforms released by Nova Scotia’s government. During a press conference, Graham Steele, the minister responsible for the province’s Insurance Act, said gender is a factor that…
The Financial Services Commission of Ontario (FSCO) is warning consumers that Trust Insurance Company is not licensed to do insurance business in Ontario as either an insurer or insurance agency. “If consumers purchase insurance from agents or insurers that are…