Topic Legal
CAA Insurance launches basic legal expense coverage product
September 18, 2013 by Canadian UnderwriterCAA Insurance is launching a new legal coverage product, underwritten by DAS Canada. The product, launching this fall, offers Basic Legal Expense Insurance, and will be included at no extra charge to CAA’s property insurance policyholders with a multi-line auto…
Man arrested, charged in connection with Ontario auto insurance scam
September 12, 2013 by Canadian UnderwriterToronto Police Service officers arrested a man outside of his home in Edmonton this week in connection with an insurance scam. On Tuesday, police arrested Serafattin (George) Solak after receiving a Canada-wide warrant from the Ontario Crown Attorney’s office. During…
Chubb tracking service to help prevent theft of contractor equipment in U.S.
September 6, 2013 by Canadian UnderwriterNew Jersey-based Chubb Group of Insurance Companies is now offering added protection for contractors who purchase and install a tracking device on their equipment. “Contractors’ equipment is more than twice as likely to be stolen than damaged or lost due…
Ontario police lay over 6,000 speeding charges, nearly 400 distracted driving charges over long weekend
September 4, 2013 by Canadian UnderwriterThe number of Labour Day long weekend traffic deaths is declining, although the Ontario Provincial Police reported three fatalities and nearly 400 distracted driving charges this past holiday weekend. A 16 year-old male died after being struck by a motor…
FSCO clears auto insurance mediation backlog
August 28, 2013 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has eliminated its mediation backlog for disputes related to auto insurance claims, although that does mean that arbitration applications are increasing. As of Aug. 19, the regulator had eliminated the “unprecedented” backlog of…
Senate energy report calls for ‘appropriate’ minimum liability coverage for rail companies
August 22, 2013 by Canadian UnderwriterA Canadian Senate committee has released a report on transporting energy safely in the country, including a recommendation that Transport Canada apply “appropriate minimum liability coverage thresholds” to rail companies. The report from the Senate’s Standing Committee on Energy, the…
FSCO issues liability insurance scam warning
August 20, 2013 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has issued an advisory warning consumers that an individual called Mark Li Mosse is not licensed to do insurance business in the province. “FSCO has been informed that Mr. Li Mosse sold a…
FSCO issues warning of unlicensed company providing golf contest award coverage
August 6, 2013 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has advised consumers that Kevin Kolenda and Hole-in-WON (Hole-in-WON.com) are not licensed to do insurance business in the province. “FSCO has been informed that Mr. Kolenda and Hole-in-WON are soliciting and providing prize…
IBC launches database of damaged vehicles from Alberta, GTA floods
August 6, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada has launched a database of vehicles that have been reported and branded as non-repairable after severe flooding in southern Alberta and the Greater Toronto Area. Consumers can enter a vehicle identification number (VIN) on the…
Talk radio, music genres have effect on driving behaviour, survey says
August 2, 2013 by Canadian UnderwriterWhat someone is listening to while driving may have an impact on their behaviours, from collisions to speeding tickets, notes a new survey from insurance quote comparison website Kanetix. Music genre isn’t the only element that might be having an…
FSCO updates fraud warning issued earlier for unlicensed insurance company
August 2, 2013 by Canadian UnderwriterThe Financial Services Commission of Ontario has updated information it released related to an insurance scam in the province. On July 29, the regulator issued a warning advising consumers that a company called “Sentel Insurance” is not licensed to do…
Mercedes-Benz models among most stolen luxury vehicles
July 30, 2013 by Canadian UnderwriterThree Mercedes-Benz models are among the top 10 stolen luxury vehicles in the United States, a new report from the National Insurance Crime Bureau suggests. Between January 2009 and December 2012, there were 4,384 luxury class vehicles stolen, according to…