Keyword
Insurance Act
Insurance Bureau calls on Ontario to implement file-and-use process for private passenger auto, allow e-signatures
February 7, 2017 by Canadian UnderwriterThe Ontario government should apply a file-and-use process for private passenger auto coverage, Insurance Bureau of Canada suggested in a paper released Monday. Auto insurers’ rate changes are subject to approval by the Financial Services Commission of Ontario. FSCO actuaries…
Ontario launches consultations to cut red tape in financial services sector
December 1, 2016 by Canadian UnderwriterThe province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be…
Requirement to cover auto accident benefits is “policy-specific” in Ontario: Court
November 8, 2016 by Canadian UnderwriterIn a case arising from an injury on an all-terrain vehicle, an Ontario court recently ruled on the interrelationship between the Statutory Accident Benefits Schedule (SABS) and the system of determining priority disputes, between auto insurers, under the province’s Insurance…
Court challenge to Ontario auto dispute resolution system ‘scheduled to proceed’ to hearing Feb. 13
November 4, 2016 Greg Meckbach, Associate EditorA constitutional challenge to Ontario’s auto accident benefits dispute resolution system is scheduled for a three-day hearing next February, but the retired judge who recommended that AB disputes go before a public sector administrative tribunal suggested Wednesday that it would…
No Vacancy
September 2, 2016 Glenn Minnis, Manager, Property, MarkelWhen it comes to “vacant” properties, a number of potential risks and liabilities may come into play. It is critically important to take a wide view when assessing how best to manage and mitigate associated risks. It is also advisable to remember that the longer a property sits idle, the more difficult obtaining coverage may become.
Single Recovery
May 1, 2016 Matthew Owen, Associate, Zarek Taylor Grossman Hanrahan LLPIn its ruling in Basandra v. Sforza, the Court of Appeal for Ontario upheld decision of a trial judge who reduced a jury’s award, from $105,000 to nil, for past and future attendant care, medical/rehabilitation and housekeeping costs. The decision was made to ensure the plaintiff did not recover from the same losses both from no-fault accident benefits and from a tort award.