Topic
Legal
Insurers need to discuss restricted activities with clients, in light of arbitrator’s ruling in Ontario limo “stripper pole” case: lawyer
July 5, 2011 by Canadian UnderwriterA McMillan LLP article says insurance companies should be discussing any expectations placed on clients and restrictions on activities permitted on insured premises or within an insured vehicle, based on an Ontario arbitrator’s ruling in Whipple v. Economical Mutual Insurance…
Starlight Insurance Gala
July 1, 2011 by Canadian UnderwriterMore wishes will come true this year thanks to the 17th Annual Starlight Insurance Gala, held in support of Starlight Starbright Children’s Foundation. Themed Nights in Marrakesh, the black tie event held at the Carlu in Toronto raised $175,000 on…
Licensed medical doctors, neuropsychologists should lead catastrophic impairment assessment: panel recommendation
June 28, 2011 by Canadian UnderwriterOntario’s Catastrophic Impairment Panel is calling for medical doctors or doctorate-level neuropsychologists (in the case of brain injuries) to be the lead evaluators in the assessment of people with catastrophic impairments arising from auto injuries.FSCO established the panel of medical…
Nicholl Paskell-Mede LLP to join forces with Clyde & Co.
June 27, 2011 by Canadian UnderwriterCanadian insurance law firm Nicholl Paskell-Mede LLP (NPM) will be joining forces with U.K.-based law firm Clyde & Co. effective Sept. 1, 2011. International law firm Clyde & Co. specializes in the areas of aviation, insurance, marine, energy, construction and…
Accident benefits not selected are not “available” to an insured; cannot be deducted from past income loss in tort
June 22, 2011 by Canadian UnderwriterWhen an Ontario insured is required by law to select one of three statutory accident benefits, the benefits they do not select are not “available” to them. Therefore, they cannot be deducted from a claim for past income loss in…
Canadian privacy lawyer questions police access to ICBC’s facial recognition technology to help identify rioters
June 20, 2011 by Canadian UnderwriterA Canadian privacy lawyer is questioning the precedent established by the Insurance Corporation of B.C. (ICBC)’s recent offer to give Vancouver police access to the public insurer’s facial recognition technology to help identify people involved in the Stanley Cup riot…
Brokers welcome and insurers review the CCIR’s discussion paper on credit scoring
June 17, 2011 by Canadian UnderwriterOntario’s broker association is encouraging the province’s consumers to provide input to the Canadian Council of Insurance Regulators (CCIR) on the use of credit scoring in insurance.The Insurance Brokers Association of Ontario (IBAO) was responding to the release of a…
CCIR seeks input on seven potential risks associated with insurers’ use of credit scoring
June 17, 2011 by Canadian UnderwriterThe Canadian Council of Insurance Regulators (CCIR) is seeking further discussion about seven potential risks to consumers identified in a CCIR paper on the use of credit scores by insurers. “The CCIR would like to engage stakeholders in a discussion…
OSFI postpones MCT/BAAT audit requirement until Jan. 1, 2012
June 16, 2011 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) has decided to postpone implementation of the audit requirement for the MCT/BAAT by one year.As first introduced in the 2011 Minimum Capital Test (MCT) and the Branch Adequacy of Assets Test…
When does a motor vehicle “accident” become a slip-and-fall claim?
June 13, 2011 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has confirmed that getting out of a motor vehicle “safely” falls within the definition of the ordinary use or operation of a motor vehicle – even when that means the driver has locked…
B.C. Appeal Court dismisses appeal in tragic case involving co-insured and “intentional act” policy exclusion
June 8, 2011 by Canadian UnderwriterThe B.C. Court of Appeal has dismissed an appeal from a February 2010 B.C. Supreme Court case, Beck v. Johnston, Meier Insurance Agencies Ltd., which establishes the onus on brokers to advise clients of gaps in homeowners’ coverage, particularly when…
Establish a captive to augment risk operations, not to gain tax advantages
June 2, 2011 by Canadian UnderwriterCompanies should not be establishing captive insurance entities simply to capitalize on tax advantages, a number of speakers cautioned at the 7th Annual Canadian Captives & Corporate Insurance Strategies Summit, held in Toronto on June 1.“We’d like to emphasize that…