Topic
Legal
Good faith claims may just ‘distract’ from common law principles that apply to insurance contracts: lawyer
March 31, 2011 byAn insurer’s duty to act in good faith may not actually mean much beyond the standard common law doctrines that apply to insurance contracts, according to Roderick Winsor of Blaney McMurtry LLP. Winsor is the author of Good Faith in…
Court voids claims waiver based on power imbalance between adjuster and plaintiff
March 31, 2011 byThe Ontario Superior Court of Justice has voided a release waiving all claims against a defendant and his insurer in an auto accident claim, based on the fact that the insurance adjuster had used his unequal bargaining power to low…
Mitigation Strategies
March 31, 2011 Laura KupcisA panel of industry personnel discusses their issues around settlement and mitigation
Defamation 2.0
March 31, 2011 Karen ZimmerAlmost every individual and corporation in today’s society is engaged in publishing, whether it is on websites, blogs, tweets, Facebook or various other social media forums. There is a misconception that the law of defamation is not keeping up with…
Insurance Intermediaries: Fulfilling the Role of an Insurance Expert
March 31, 2011 Monika M.L. Zauhar; Amanda EvansDo you know your client’s business?
Ontario to consider administrative monetary penalties for breaches of Insurance Act
March 30, 2011 by Canadian UnderwriterThe Ontario government is proposing to review of the Ontario Insurance Act, including the possibility of introducing administrative monetary penalties.The government made the review known in its 2011 budget. This would be the first review of these major parts of…
Ontario insurance regulator outlines insurers’ rights and responsibilities in curbing “questionable or abusive claims”
March 25, 2011 by Canadian UnderwriterOntario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), has issued a bulletin outlining an insurer’s “rights and responsibilities to challenge questionable or abusive claims.”The bulletin comes in the wake of the province’s auto insurance reforms, implemented on Sept.…
Insurance and Bank Web site regulations may have to wait for the federal election
March 25, 2011 by Canadian UnderwriterCanada’s government has now officially fallen, and the resultant election will likely postpone the official seal of approval of new regulations prohibiting banks from promoting unauthorized insurance on their Web sites.Canadian Prime Minister Stephen Harper’s government fell in a non-confidence…
Ontario broker regulator cautions about use of filters in online quoting services
March 24, 2011 by Canadian UnderwriterBrokers need to make sure they are not using technology as a means to sidestep regulatory obligations, particularly with regard to the use of filters in online quoting services, the president of the Registered Insurance Brokers Association of Ontario (RIBO),…
Government’s budget includes plans for regulatory framework on P&C demutualizations
March 23, 2011 by Canadian UnderwriterThe federal government’s proposed budget, introduced on Mar. 22, 2011, confirmed the government was working on a regulatory framework that would allow property and casualty insurance companies to demutualize.As of press time, the budget was widely anticipated to be defeated,…
IBC urges consumers to learn how to identify insurance fraud
March 23, 2011 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) estimates insurance fraud to be a multi-million-dollar business in Ontario, contributing to the high cost of auto insurance in the province. IBC recognized Fraud Prevention Month in March, by urging consumers to take the…
B.C. Insurance Council suspends license of agent, agency, pending investigation into allegations including fraudulent transfer of a car
March 22, 2011 by Canadian UnderwriterThe B.C. Insurance Council has suspended the license of agent Yik Lun Hui and insurance agency Roadways Insurance Agencies Inc., pending the outcome of a council investigation into allegations that Hui failed to carry out his duties and responsibilities as…