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New causation standard expands potential for negligence actions

August 31, 2007 by Canadian Underwriter

Over the last decade, the Supreme Court of Canada has introduced a more plaintiff-friendly standard for cause-in-fact, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees during a seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB.Causation…

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What’s New: In Brief (August 31, 2007)

August 31, 2007 by Canadian Underwriter

Guy Carpenter & Company, LLC has launched a new branding campaign, Capital Ideas, and has announced that its logo will change to bring the look in-line with that of parent company Marsh & McLennan Companies (MMC).The new campaign – including…

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Recent Supreme Court of Canada decision settles certain points about litigation privilege

August 31, 2007 by Canadian Underwriter

A recent decision by the Supreme Court of Canada in Blank v. Canada 2006 SCC 30 settles certain points regarding litigation privilege, Ted Bock, partner, Aikins, MacAulay & Thorvaldson LLP, told attendees during at seminar the Canadian Independent Adjusters Associations…

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Any breach of care by an insured must be identified and reviewed

August 31, 2007 by Canadian Underwriter

Causation is the link that must be established between a defendants wrong and the plaintiffs loss; the plaintiff must prove that but for the defendants negligence any harm would not have occurred, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees…

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What’s New: In Brief (August 30, 2007)

August 30, 2007 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) teamed up with the Ontario Provincial Police (OPP) and several regional police forces to uncover a substantial auto theft ring in the Toronto area, recovering more than Cdn$1.5 million worth of stolen vehicles.The joint-force,…

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Loyalist reports decrease in revenues for Q2

August 30, 2007 by Canadian Underwriter

The Loyalist Insurance Group Limited announced revenues for the company decreased Cdn$76,173 from Cdn$473,953 in 2006 Q2 to Cdn$397,790 in 2007 Q2. Total company expenses were down from Cdn$613,397 in 2006 Q2 to Cdn$586,644 in 2007 Q2.The company reported a…

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What’s New: In Brief (August 29, 2007)

August 29, 2007 by Canadian Underwriter

Pilot Insurance Company is continuing its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) announced. Pilot is proud to continue as a Full Partner of the Broker Identity Program,…

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What’s New: In Brief (August 29, 2007)

August 29, 2007 by Canadian Underwriter

Sasktel and SGI are partnering to help new drivers develop safe cell phone habits by offering six months of free voice messaging service to new drivers who are also SaskTel cellular customers. The service is intended to minimize distractions on…

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Lack of underwriting discipline in commercial P&C industry: CIAB survey

August 28, 2007 by Canadian Underwriter

Commercial property-casualty insurance rates continued their free-fall during 2007 Q2 in a marketplace environment described as totally unpredictable in terms of pricing and underwriting, according to a commercial market index survey by U.S.s Council of Insurance Agents & Brokers (CIAB).…

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Kingsway Financial announces two appointments

August 28, 2007 by Canadian Underwriter

Kingsway Financial Services Inc. has announced the appointments of Serge Lavoie to president and chief executive officer of Jevco Insurance Company and Colin Simpson to the position of president and chief executive officer of York Fire & Casualty Insurance Company.I…

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Desjardins reports income increase of 70.8% for first half of ’07

August 27, 2007 by Canadian Underwriter

Desjardins Financial Security reported an income of Cdn$1.386 billion for the first half of 2007.Gross insurance premiums accounted for $1.178 billion, marking an increase of 12%, or $126.2 million, a Desjardins statement says.The company recorded growth of 7.2% in Quebec…

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New president at the CIAA

August 27, 2007 by Canadian Underwriter

Fred Plant assumed the role of president of the Canadian Independent Adjusters Association during the Presidents Dinner at the associations annual general meeting and conference in Winnipeg. Miles Barber, immediate past-president, passed the presidential hat, noting Plant would bring insight…