The Winds Of Change
September 30, 2009 by Laura KupcisStrong winds blew through southwestern Ontario on Aug. 20, intensifying as they moved east. The winds created a solid north-to-south line of thunderstorms extending from North Bay through southern and central Ontario, to well south of the lower Great Lakes.…
Mitigating Loss Costs
September 30, 2009 by Laura KupcisFor most risk managers, the majority of claims that come across the desk are casualty losses. They are of higher volume and more time-consuming than property losses, James Giffen, director of the Global Technical Services (GTS) division at Crawford &…
25th Annual RIMS Canada Conference St. John’s, Newfoundland And Labrador
September 30, 2009 byThe 2009 RIMS Canada Conference in St. John’s got kicked off with a bang with the official launch party of ClearRisk on Sept. 11. On Saturday afternoon, Granite Global Solutions held its first annual RIMS Canada conference event at Mexicali…
FSCO Denies Claim For Caregiver And Housekeeping Benefits
September 30, 2009 byA Financial Services Commission of Ontario (FSCO) arbitrator has denied an insured’s claim for caregiver benefits and housekeeping/ home maintenance benefits following a vehicle collision. Mohammad Asghar was injured in a motor vehicle accident on Aug. 2, 2006. He applied…
Subrogating Liability Claims
September 30, 2009 by Laura KupcisThe Ministry of Health and Long-Term Care reminds insurers to report non-automobile liability claims.
Ontario Court Awards Record Auto Injury Amount Of $18.4 Million
September 30, 2009 byA 22-year-old Beeton, Ont. woman who suffered a serious brain injury in a 2002 auto accident has received a court award of $18.4 million. The sum, awarded by the Ontario Superior Court, is thought to be the highest-ever damage award…
Deliver Policies Quickly To Avoid Unwanted Risk
September 30, 2009 by Jennifer PereiraThe degree of protection provided to an insured by a cover note continues to be the subject of debate in Canadian courts. Typically a cover note describes coverage in basic terms — property insured, premium, coverage limits, period of coverage…
Insurer’s Reserves “Should Almost Never Be Ordered Produced”: FSCO Arbitrator
September 30, 2009 byAn insurer’s reserves “should almost never be ordered produced” in statutory accident benefits claims made under Ontario’s SABS legislation, an arbitrator for the Financial Services Commission of Ontario (FSCO) has found. Reserves are estimated amounts assigned by an insurer to…
Preparing The Adjuster’s File For Litigation
September 30, 2009 by Don McGarveyMaximizing the Value of the Adjuster's File and Minimizing Costs to the Insurer
Issues Affecting The Claims Manager
September 30, 2009 byDeficient infrastructure is a significant problem in many areas, which could lead to restrictions on coverage or the creation of a different pricing structure, according to panelists at the Canadian Insurance Claims Managers’ Association (CICMA) general meeting. George Cooke, president…
Mediation Basics: Key Roles And Stages
September 30, 2009 byWhen the negotiations in the adjustment of a claim break down or when the insurer denies the claim, parties may turn to mediation, mini-trials, arbitration, appraisal, or litigation. Because litigation can be costly and subject to delays, an insurer may…
Insurance Industry Sees Spike In PIPEDA-Related Complaints
September 30, 2009 byThe insurance industry yielded 17 per cent of the Personal Information and Electronic Documents Act (PIPEDA)-related complaints lodged in 2008. Last year there were 442 new complaints in total, marking an increase from 2007’s 350 complaints. Financial institutions as a…
