Canadian Underwriter

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FSCO testing online arbitration scheduling tool for auto claims disputes

March 13, 2014 by Canadian Underwriter

The Financial Services Commission of Ontario is conducting a testing phase of its online service to schedule pre-hearings and settlement conferences, in an effort to streamline arbitration for auto insurance claims disputes. The Ontario government introduced a bill earlier this

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ICBC road safety campaign for young drivers to focus on distracted driving

March 13, 2014 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has launched a new road safety speaking tour for young drivers, focusing especially on distracted driving, a leading cause of crashes among those between 16 and 21. ICBC launched its road safety speaker

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California must decide by year’s end how to integrate driverless cars onto public roads

March 12, 2014 by Justin Pritchard, THE ASSOCIATED PRESS

LOS ANGELES – California is trying to do something unusual in this age of rapidly evolving technology – get ahead of a big new development before it goes public. By the end of the year, the Department of Motor Vehicles

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Accident victims group, Ontario PC critic call for reform of auto insurers’ medical assessments

March 11, 2014 by Canadian Underwriter

Both the Fair Association of Victims for Accident Reform (FAIR) and an opposition critic have taken issue with Bill 171, which proposes several changes to auto insurance regulations, by suggesting the bill does not address the issue of claims disputes

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B.C. appeal court upholds driving suspensions for those refusing to provide breath sample

March 10, 2014 by Canadian Underwriter

The Province of British Columbia is not violating the Canadian Charter of Rights and Freedoms when it imposes driver’s licence suspensions and other penalties on suspected drunk drivers who refuse to provide breath samples and on those whose breath sample

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Ontario Trial Lawyers Association calls for amendments to proposed auto reforms

March 10, 2014 by Canadian Underwriter

The Ontario Trial Lawyers Association (OTLA) is urging Ontario MPPs to push for amendments to proposed auto legislation that, among other things, would change the prejudgment interest rate in pain and suffering claims. The draft legislation would lower the rate

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Ontario NDP slams changes to auto insurance attendant care benefits

March 7, 2014 by Canadian Underwriter

New changes to the standard Ontario auto insurance policy were characterized this week as “mean spirited” by the New Democratic Party’s consumer services critic, though the Insurance Bureau of Canada suggests that one amendment that took effect Feb. 1 did

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Toronto rehab clinic ordered to pay $75,000 in fines in auto insurance fraud case

March 6, 2014 by Canadian Underwriter

A Toronto clinic has been ordered to pay $75,000 in fines this week, after its principals pleaded guilty to engaging in unfair or deceptive acts or practices in the business of insurance related to auto insurance fraud, the Insurance Bureau of

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GM reviewing procedures after bungling recall of 1.6 million small cars for ignition problem

March 5, 2014 by Tom Krisher, THE ASSOCIATED PRESS

DETROIT – The new CEO of General Motors is reassuring employees after an embarrassing recall of 1.6 million small cars, telling them that an internal review will bring improvements and prevent similar problems from occurring in the future. A letter

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Ontario government plans to move auto insurance dispute resolution system out of FSCO

March 4, 2014 by Canadian Underwriter

The Ontario government is introducing legislation that would move administration of the current dispute resolution system for auto insurance claims from the Financial Services Commission of Ontario to the Ministry of the Attorney General’s Licence Appeal Tribunal. In an announcement

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Distracted driving now No. 1 cause of fatalities on Ontario roads

March 3, 2014 by Canadian Underwriter

Distracted driving fatalities in Ontario surpassed both impaired driving-related and speed-related fatalities last year, the Ontario Provincial Police said Monday. A total of 78 people died in distracted driving-related collisions last year, above the 57 impaired driving deaths and 44

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Underwriters flag emerging trends in suspicious real estate transactions: FCT

February 28, 2014 by Canadian Underwriter

Underwriters for FCT, which provides title insurance, noticed a more pronounced trend towards a greater number of suspicious real estate transactions at a lower dollar value in 2013. For both residential and commercial real estate transactions, the amount of mortgage