News
Beware ambiguity in policy language, CIAA told
May 11, 2007 by Canadian UnderwriterAmbiguity 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…
CIAA discusses impact of changes to CGL policy
May 11, 2007 by Canadian UnderwriterOf 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…
IBAO recogonized by OSAID for support
May 11, 2007 by Canadian UnderwriterThe 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…
B.C. government calls on insurance brokers to help enforce family support obligations
May 10, 2007 by Canadian UnderwriterB.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…
SGI to cut auto insurance rates by 7.1%
May 10, 2007 by Canadian UnderwriterThe 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…
What’s New: In Brief (May 10, 2007)
May 10, 2007 by Canadian UnderwriterThe 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…
Alberta brokers association changes name, personnel
May 10, 2007 by Canadian UnderwriterThe Insurance Brokers Association of Alberta [IBAA] has made several adjustments during its recent convention in Jasper Alberta, one of which was a name change.At its AGM on May 7, the association voted to drop the word independent from its…
Report links loyalty and satisfaction in collision repair
May 9, 2007 by Canadian UnderwriterMitchell International has released a report examining owner/policy-holders experience with direct repair programs and the impact on satisfaction and loyalty. According to researchers, in the collision repair industry, customer satisfaction and customer loyalty are more closely linked than in other…
Crawford launches Canadian commercial auto services branch
May 9, 2007 by Canadian UnderwriterCrawford & Company (Canada) Inc. has announced the creation of a commercial auto services branch, which will oversee programs in the commercial auto sector. Working with Crawfords global branch network, this new team will manage programs within the commercial auto…
ICBC reports Q1 profits of $111 million
May 9, 2007 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) has reported net income of $111 million for the 2007-Q1, an increase from 2006-Q1s $85 million. According to an ICBC statement there were more than 64,000 crashes in the first three months of…
Privacy commissioner calls for action against identity theft
May 9, 2007 by Canadian UnderwriterCanadas privacy commissioner is imploring governments and businesses to take action against identity theft, calling it a pervasive problem for Canadians.Commissioner Jennifer Stoddart addressed the Standing Committee on Access to Information, Privacy and Ethics, which just released a study on…
What’s New: In Brief (May 08, 2007)
May 8, 2007 by Canadian UnderwriterAfter 20 years of service at BDC, Brian K. Hammond, director, risk management and insurance, is retiring. During Brians time with us, BDC has benefited from his sound advice, and wise counsel on risk management, insurance matters and claim-related problems,…