News

Is a jury capable of assessing damages in cases involving multi-accident scenarios, overlapping injuries and complicated medical evidence? The Ontario Superior Court was asked to consider the question in Hossny v. Belair Insurance, a complicated case in which an insured…

Janice M. Tomlinson has received the inaugural Women In Insurance Cancer Crusade (WICC) Lifetime Achievement Award. The former president of Chubb Insurance Company of Canada and co-chair of WICC was presented the award at a retirement event in her honour…

The insurance industry’s resilience during the economic crisis needs to be emphasized in recruitment strategies, BestWeek reported.In an interview with BestWeek, LoriAnn Lowery-Biggers, the president of field operations for Navigators Marine Company Inc., stressed the importance of the industry’s stability…

Economic turmoil drove a surge in securities lawsuit filings in 2009, according to a new report from Advisen Ltd.  “The year saw securities lawsuit filings grow at a robust 13% rate, to 910 suits, eclipsing an already-elevated 2008 at 804…

An extended warranty is not an insurance contract, the Court of Queen’s Bench of Alberta has decided.“In my view, the distinction between a warranty and insurance is that a warranty covers the risk that the covered product will fail due…

The General Insurance Council of Manitoba is currently examining its policy requiring on-site supervision of ‘Level 1’ and ‘Auto Only’ general insurance agents. “Council acknowledges that in today’s technologically advanced environment, it is possible that ‘supervision,’ as required in accordance…

Her Majesty Queen Elizabeth II appointed Gregory Belton, chairman of HKMB Hub International, commander of the Royal Victorian Order (CVO). Established in 1896, the Royal Victorian Order is a dynastic order of knighthood and a house of chivalry that recognizes…

Catlin Canada now underwrites D&O liability and has appointed Christopher Mutcheson as product manager for the line of business.Mutcheson was most recently employed as the assistant vice president of financial lines for Executive and Risk Services. He has prior underwriting…

The impact of H1N1 and seasonal flu on hours lost at work was comparable to that of the Ontario-U.S. power outage in August 2003, StatsCan reported in a recent study, Impact of H1N1 and seasonal flu on hours worked.In November…

Insured losses resulting from hurricanes cannot be predicted on a short-term horizon, says Karen Clark & Company.Near-term models, designed to project insured losses from Atlantic hurricanes in the United States for the five-year period ending in 2010, have significantly overestimated…

The southeast region of the United States is most vulnerable to tropical cyclones coming ashore in 2010, according to the January update of Guy Carpenter’s GC ForeCat. The forecasted landfall rate of tropical cyclones in the southeast region (the coastline…

General Re Corporation has agreed to pay $12.2 million to settle charges by the Securities Exchange Commission (SEC) related to separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify reported financial results in 2000-02.According…