News

Ontario’s insurance regulator has told industry defence counsel that 55% to 65% of all non-catastrophic, minor injury claims would need to fall within the province’s new Minor Injury Guideline (MIG) in order for auto insurers to turn a profit.Due to…

Ontario’s amended Rules of Civil Procedure have given trial judges the power to order experts for both sides to prepare a joint report, which may lead to more claims settlements and fewer trials. Bill Chalmers of Hughes Amys made the…

Global warming is undoubtedly occurring, with the last decade being the warmest in history, according to the U.S. National Oceanic and Atmospheric Administration.In its report, State of the Climate, more than 300 scientists from around the world, including Canada, examined…

Willis Group Holdings plc (NYSE: WSH) reported a net income of $89 million in 2010 Q2, a slight increase from the net income of $87 million in 2009 Q2.Organic growth in commissions and fees grew 4% from 2009 Q2. Net…

Although the Deepwater Horizon oil spill is an “important event in the history of deepwater drilling and exploration,” it’s not going to be an insurance “market changer,” experts at Marsh suggest.In a report, Marsh compares the event to that of…

A government-authorized vehicle safety inspection will increase by $10, Manitoba Public Insurance announced.The cost of a vehicle safety inspection will be $55 as of Aug. 1, 2010. The increase applies to safety inspections for cars, motorcycles and light trucks.“This is…

B.C. customers needing language assistance during the claims-handling process will now be able to converse freely with ICBC in more than 170 languages through an interpreter. The Language Line Services initiative is an on-demand, over-the-telephone translation service piloted this year…

U.S. class action activity related to the credit crisis has slowed down to a slow trickle, according to a semi-annual report prepared by the Stanford Law School Securities Class Action Clearinghouse, in cooperation with Cornerstone Research.The report, Securities Class Action…

Only one month into its operations in Canada, DAS Canada has already become a full partner of the Insurance Brokers Association of Canada (IBAC)’s Broker Identity Program.The program’s centerpiece is the magenta broker logo known as the ‘Bipper.’ The symbol…

Citing a 6% increase in driving fatalities thus far in 2010, Ontario Provincial Police are vowing to crack down on “irresponsible drivers” who demonstrate aggressive driving, drive impaired and don’t wear seat belts.“Our Provincial Traffic Safety Program (PTSP) and other…

June saw the highest amount of rainfall in a decade in the Toronto region, according to Environment Canada.The monthly total for rainfall in June 2010 was 191.6 millimetres, breaking the prior record of 169.2 millimetres established in 2000. Wiarton and…

Insurance adjusters and claims examiners have been added to the list of occupations on the Federal Skilled Worker program. The program identifies occupations in Canada that are considered in-demand or high-need. Should an immigrant have at least one year of…