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What’s New: In Brief (May 15, 2007)

May 15, 2007 by Canadian Underwriter

The Co-Operators have appointed Bruce West as senior vice president and chief financial officer (CFO), effective June 4, 2007.West brings more than 25 years of progressive financial and managerial experience in operations, corporate development, and financial management to his new…

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What’s New: In Brief (May 14, 2007)

May 14, 2007 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is sponsoring a symposium to discuss how to reduce the number of drivers on the road who are overtired. Police are able to pull over and charge those who are intoxicated, but there are…

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Law Society to regulate SABS representatives

May 14, 2007 by Canadian Underwriter

The Law Society of Upper Canada is now responsible in law for regulating independent paralegals, including Statutory Accident Benefits Schedule (SABS) representatives.FSCO has been consulting with the law society on how the transition to paralegal regulation by the law society…

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BC Supreme Court awards $4.2 million for future loss of income

May 14, 2007 by Canadian Underwriter

The Supreme Court of British Columbia recently awarded a widow $6.4 million, $4.2 million of which was for the potential loss of support due to her husband, a laser eye surgeons, death in a 2002 car accident.In July, 2002 Barry…

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What’s New: In Brief (May 14, 2007)

May 14, 2007 by Canadian Underwriter

AMAC Consultants Inc. announced the appointment of Paul M. Green as vice president, in a bid to strengthen its national presence.Green will primarily be responsible for growing the firms Ontario business and serving its clients in Easter Canada from AMACs…

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What’s New: In Brief (May 11, 2007)

May 11, 2007 by Canadian Underwriter

Tom Reikman has been appointed to the position of senior vice president, marketing, of Aviva Canada Inc. In his new role, Reikman will be responsible for leading the corporation marketing team and working closely with the regional teams and broker…

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Beware ambiguity in policy language, CIAA told

May 11, 2007 by Canadian Underwriter

Ambiguity in policy wording often benefits the insured and not the insurer, Anthony Cole, Associate at McCague Peacock Borlack McInnis & Lloyd LLP, told attendees at the Canadian Independent Adjusters Association Ontario regional educational seminar.Ambiguity is sort of in the…

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CIAA discusses impact of changes to CGL policy

May 11, 2007 by Canadian Underwriter

Of the 23 changes made in 2005 to the standard commercial general liability policy (CGL) by the Insurance Bureau of Canada, seven are considered significant, attendees of the Canadian Independent Adjusters’ Associations Ontario Region educational seminar were told.The first major…

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IBAO recogonized by OSAID for support

May 11, 2007 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) was honoured with the Partner in Safety Award by the Ontario Students Against Impaired Driving (OSAID) for financial contributions and support lent to the organization over the years. The association received the award…

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B.C. government calls on insurance brokers to help enforce family support obligations

May 10, 2007 by Canadian Underwriter

B.C. insurance brokers do not want to be front and centre in the provincial governments recent legislative initiative to deny auto vehicle licenses and auto insurance to people who havent made child support payments, a representative of the Insurance Brokers…

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SGI to cut auto insurance rates by 7.1%

May 10, 2007 by Canadian Underwriter

The Saskatchewan government approved changes to auto insurance rates that will translate to an average rate cut of 7.1%, reports the CBC.In February of this year Saskatchewan Government Insurance (SGI) applied to the Saskatchewan Rate Review Panel to generally reduce…

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What’s New: In Brief (May 10, 2007)

May 10, 2007 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has issued a statement warning BC drivers to prepare and beware of flooding. According to BCs Ministry of Environment, warmer temperatures and snowmelt combined with high volume precipitation could increase the risk of…