News

If a claimant has not submitted an OCF-1 form (Application for Accident Benefits) to an insurer, it does not automatically disqualify them from being considered to have provided a completed application for accident benefits, Ontario’s Court of Appeal ruled. Four…

Catastrophe losses for the first half of 2010 have already exceeded the $5 billion of catastrophe losses reported for the whole of 2009, reports Fitch.Fitch evaluated data from 50 U.S. property/casualty insurers and found that underwriting results took a hit…

Manitoba Public Insurance (MPI) launched a Web application that enables glass repair facilities to register claims on behalf of customers.‘eGlassClaim’ interfaces with MPI’s claims systems and enables customers to initiate glass claims at the repair shop of their choosing. Under…

Customer satisfaction with auto insurers improved 26 points from 2009, despite the fact that a sizeable proportion of policyholders indicated experiencing premium increases, reports J.D. Power and Associates.In its third annual 2010 Canadian Auto Insurance Customer Satisfaction Study, J.D. Power…

Canadian federally regulated property and casualty (P&C) insurers more than doubled their Q2 net income in 2010 compared to the same period of 2009.However, the same cannot be said for their foreign counterparts, according to the Office of the Superintendent…

Should New Brunswick elect a Progressive Conservative government in the coming provincial election, the Insurance Bureau of Canada (IBC) will work with the newly elected government should it fulfill its election promise to review the province’s minor injury cap. IBC…

The 2011 Ford Fiesta sedan/hatchback has earned the Top Safety Pick award – the first minicar to earn the recognition since roof strength requirement for rollover protection was added to the criteria. The award from the Insurance Institute for Highway…

A $25 billion loss would stop the global reinsurance market’s downward pricing trend, but an $82 billion loss would be required to turn the market, according to a panel of experts on an AM Best webinar.During the webinar, ‘State of…

SGI provided $50,000 in funding to the RCMP to outfit two vehicles with Automatic License Plate Recognition (ALPR) systems. The ALPR equipment checks for unregistered or expired plates, stolen vehicles, and whether the vehicle owner was suspended or is wanted…

The Risk and Insurance Management Society, Inc. redesigned its site to better represent its commitment to members and the risk management community. “The dramatically redesigned site, created by RIMS’ in-house Web team, represents RIMS’ commitment to the growing needs of…

The scarce supply, heightened demand and increasing age and cost of electrical transformers poses a catastrophic risk, warns Lloyd’s.Transformers are the links between the generation, distribution and transmission networks within an electrical grid. According to Lloyds.com, there are less than…

Sedgwick Claims Management Services, Inc. expanded its professional liability business to include an errors and omissions claims management product for professional service organizations. The E&O specialists manage risks, resolve claims, and administers settlements for professional service providers facing allegations of…