News
New Brunswick landlords, Moncton fire chief encourage apartment tenants to purchase insurance: CBC report
October 26, 2011 by Canadian UnderwriterThe president of the New Brunswick Apartment Owners Association (NBAOA) and Moncton’s fire chief are calling for people who live in multi-unit buildings to get tenants’ insurance after a fire destroyed a 16-unit building in Moncton on Oct. 23, according…
Strata (condo) owners could be subject to proposed new tribunal for resolving strata property disputes
October 26, 2011 by Canadian UnderwriterStrata (condominium) owner-developers could be subject to the jurisdiction of a proposed new tribunal model for dispute resolution in strata properties, according to the B.C.’s Office of Housing and Construction Standards.The province has posted a discussion paper online that outlines…
High rate of claimants in the MIG explained by backlog of arbitrations: plaintiffs’ lawyer
October 25, 2011 by Canadian UnderwriterCurrently, 75% to 80% of auto accident claimants in Ontario are ending up within the Minor Injury Guideline (MIG), but this should be of false comfort to insurers, said Adam Wagman, a lawyer with Howie Sacks & Henry LLP.Wagman represented…
Hurricane Rina heads for Mexico’s luxury resort areas
October 25, 2011 by Canadian UnderwriterHurricane Rina, a Category 2 hurricane, is expected to make landfall on Mexico’s Yucatan peninsula in the early hours of Oct. 27. Rina is packing winds of 165 km-h and is expected to produce eight to 16 inches of rainfall…
Canpro King-Reed LP announces new brand CKR Global
October 25, 2011 by Canadian UnderwriterCanpro King-Reed LP has announced its new brand, CKR Global.Canpro Global Services Inc. and King-Reed & Associates LP amalgamated in June of 2011 to create Canpro King-Reed LP, the largest full-service risk mitigation and investigation company in Canada. The new…
Manitoba’s Eastman Region the Number 1 spot in the province for deer/vehicle collisions
October 25, 2011 by Canadian UnderwriterThe Eastman Region of Manitoba is the Number 1 area for vehicle-deer collisions, according to Manitoba Public Insurance (MPI).There are about 1,800 collisions a year in the region – including Lac du Bonnet, Pine Falls, Birds Hill and St. Malo.Rounding…
U.S.-based Energi enters Canada to provide risk management and brokerage services for energy firms
October 25, 2011 by Canadian UnderwriterEnergi, a U.S. provider of risk management and insurance brokerage services to energy firms, has formed a wholly owned subsidiary, Energi of Canada LTD, and is entering the Canadian insurance market. Initially, Energi will offer its Energy Property Insurance Program…
Manitoba’s Eastman Region the Number 1 spot in the province for deer/vehicle collisions
October 25, 2011 by Canadian UnderwriterThe Eastman Region of Manitoba is the Number 1 area for vehicle-deer collisions, according to Manitoba Public Insurance (MPI).There are about 1,800 collisions a year in the region – including Lac du Bonnet, Pine Falls, Birds Hill and St. Malo.Rounding…
Insurance companies should consider donating to causes that leverage their insurance-related skills: report
October 25, 2011 by Canadian UnderwriterProperty and casualty insurance companies can deliver maximum impact and receive greater recognition for their charitable giving by committing to causes that leverage their unique insurance-related skills, according to a recent report by McKinsey & Company.The report about the U.S.…
Optional tort option appears likely in Nova Scotia
October 24, 2011 by Canadian UnderwriterAn optional tort product appears likely to be offered in Nova Scotia in the future, according to Ken Meyers, former chair of the Insurance Brokers Association of Nova Scotia (IBANS).“It appears clear now that there will be an optional tort…
Thresholds for fibromyalgia and concussion diagnosis lowered
October 24, 2011 by Canadian UnderwriterThresholds for the diagnosis of fibromyalgia and concussions have been lowered, creating more exposure for claims under the accident benefits scheme. Dr. Arthur Ameis expressed this view during a panel discussion at the Canadian Defence Lawyer’s Accident Benefits seminar held…
Ontario arbitration confirms the need for early clarification of work-related auto accidents
October 24, 2011 by Canadian UnderwriterAdjusters may want to ask a few detailed questions to determine whether a motor vehicle accident occurred over the course of a claimant’s employment, based on a recent arbitration in Ontario.In Andrew Hayward and Royal & SunAlliance Insurance Company of…