Topic
Mergers and Aqcuisitions
What’s New: In Brief (February 12, 2010)
February 12, 2010 by Canadian UnderwriterInsurance Bureau of Canada (IBC) and The Federation of Canadian Municipalities (FCM) have launched The Watershed Awards. The Watershed Awards recognize Canadian municipalities that have taken proactive measures to reduce their vulnerability to storm and wastewater damage. The awards will…
2010 FARM outlook projects decrease in incurred claims, marginally less premium written
February 11, 2010 by Canadian UnderwriterThe Facility Association Residual Market (FARM) is projecting premiums written and claims incurred for all FARM vehicles in 2010 — both private passenger and non-private passenger (including commercial vehicles) — that are very much in line with the projected results…
PC Financial re-launches as a full-service brokerage
February 11, 2010 by Canadian UnderwriterLoblaw Companies Ltd. has launched PC Financial Insurance Broker Inc., a “large-scale full service brokerage” for home and auto insurance.The service is available in Ontario and Alberta. Currently it represents the following markets: The Dominion of Canada General Insurance Company;…
Provincial regulators expected to discuss IBC’s credit scoring code at CCIR meeting in March
February 10, 2010 by Canadian UnderwriterThe Canadian Council of Insurance Regulators (CCIR) is currently gathering background information on insurers’ use of credit-scoring in various jurisdictions, and has described the IBC’s voluntary Code of Conduct for Insurers’ Use of Credit Information as “a good place to…
What’s New: In Brief (February 10, 2010)
February 10, 2010 by Canadian UnderwriterAn Insurance Bureau of Canada (IBC) steering committee is recommending full adoption by all auto insurers of the Health Claims for Auto Insurance (HCAI) electronic system for processing auto insurance health claims by Mar. 31, 2010. A number of stakeholder…
Halifax Regional Municipality supports Nova Scotia’s auto cap
February 8, 2010 by Canadian UnderwriterThe Halifax Regional Municipality (HRM) supports the province’s existing $2,500 cap on pain and suffering awards for minor auto injuries.The HRM self-insures about 95% of its 1,400 vehicles, including 294 buses, police cars, fire trucks and snow and ice control…
What’s New: In Brief (February 08, 2010)
February 8, 2010 by Canadian UnderwriterRecent changes to The Rules of Civil Procedure will be front-and-centre in a seminar hosted by the Canadian Independent Adjusters’ Association. The session is to be held on May 7, 2010, from 9 a.m. to 12:30 p.m., at the Albany…
Small pickup trucks fail to attain ‘top-notch-across-the-board’ rollover protection: IIHS
February 5, 2010 by Canadian UnderwriterThe Nissan Frontier has the strongest roof and the Chevrolet Colorado the weakest among the small pickup trucks tested for rollover protection by the Insurance Institute for Highway Safety (IIHS).The IIHS tested five 2010 models. They rated as follows:• The…
Ontario arbitration case may have widened definition of ‘catastrophic impairment’
February 4, 2010 by Canadian UnderwriterOntario’s definition of a “catastrophic impairment” may have widened as a result of a recent decision by the Financial Services Commission of Ontario, lawyers are saying about the case of Aviva and Pastore.In Aviva and Pastore, a FSCO director delegate…
What’s New: In Brief (February 03, 2010)
February 3, 2010 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) has launched a social media campaign featuring a new blog and Twitter account.IBAO’s goal with the campaign is to further develop and empower its community of brokers to better educate consumers and media…
Changes to Rules of Civil Procedure create new opportunity for AB litigation
February 3, 2010 by Canadian UnderwriterMore accident benefits (AB) claimants will likely find themselves in small claims court as a result of the Jan. 1, 2010 changes to Rules of Civil Procedure, said Kadey Shultz, an associate at Hughes Amys, LLP.Shultz spoke on recent decisions…
Personal and commercial lines headed in opposite directions in 2009 Q3: MSA/Baron Outlook
February 1, 2010 by Canadian UnderwriterThe 2009 Q3 results of the Canadian property and casualty industry represented a tale of two cities, including the “worst of times” for personal and multi-lines insurers and the “best of times” for commercial insurers, according to the latest data…