Keyword
warranty
Insurer loses $255,000 subrogation claim over modified excavator
June 9, 2023 by David GambrillAIG Insurance Company lost a $255,275 subrogation claim Tuesday on behalf of its insured, a forest management and logging company, because the insured could not prove a fire to an excavator it bought from Volvo didn’t start because of an…
Aviva awarded security of costs in case launched by auto warranty seller
October 14, 2022 by David GambrillOntario’s Superior Court has awarded Aviva Canada security of costs of $85,000 in a case in which the insurer has been named in a $5-million lawsuit launched by a warranty provider that has gone out of business. Umbrella Warranty’s claim,…
Politicians debate merits of insurer-based new home warranty
March 12, 2020 by Greg MeckbachOntario’s home warranty program will have a new mandate to resolve claims soon as possible, but there’s still no plan to have home warranties written by property and casualty insurers, provincial politicians confirmed. “The government has decided to continue with…
Former Tarion official calls for insurer-based new home warranty
February 3, 2020 by Greg MeckbachA former enforcement director with Tarion Warranty Corporation is calling for competition among insurers in new home warranty in Ontario. David Roberts, who retired in 2017 from Tarion, recommended the provincial government move the new home warranty system to a…
No insurer-based new home warranty system for this province
January 6, 2020 by Greg MeckbachAn insurer-based model for new home warranty was under consideration in Ontario but the current government is maintaining the status quo. “Our government has been looking at the feasibility of a private insurance model for new home warranties and protections…
Home warranty provider loses argument that Aviva product is not insurance
December 18, 2019 by Greg MeckbachBrokers who provide home warranty assuming it is not an insurance product could be mistaken if they try to argue this in court – especially if the warranty is written by a regulated insurer. National Home Warranty Group told the…
3 tips for advising your clients about construction work
January 12, 2018 by Greg MeckbachBrokers advising property owners should bear in mind their clients may not be experts on construction and renovation, a managing general agency warns. Keeping this mind, brokers can guide clients through three processes when hiring contractors to do construction or…
Ontario government pledges ‘further study’ on insurance-type products covering new home warranties
October 19, 2017 by Canadian UnderwriterThe Ontario government proposes to separate the administrator of the new home warranty program from the regulator of new home builders and vendors, but the ruling Liberals want to further study a recommendation to implement a multi-provider insurance system for…
Echelon reports Canadian combined ratio of 94% for Q1 2017, down 6% from Q1 2016
May 4, 2017 by Canadian UnderwriterMississauga, Ont.-based Canadian P&C insurer Echelon Financial Holdings Inc. has reported a Canadian combined operating ratio of 94% for the three months ending March 31, down from 100% in Q1 2016 and driven by strong results in both personal and…