Segment
Claims
Transit Connection
January 1, 2013 Donna Ford, LL.B., CIP, Freelance WriterA recent seminar in Toronto explored a number of issues on the claims front, including no-fault benefits involving public transit vehicles, examination under oath and retroactive attendant care.
Education Stake
January 1, 2013 Greg Meckbach, Associate EditorJo-Ann Eccleston, head of the Ontario chapter of the Canadian Insurance Claims Managers Association, sees the provincial arm as part of CICMA’s larger effort: to help educate the next generation of claims managers.
Campaign geared at helping residents guard against auto crime
December 21, 2012 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC), Kelowna RCMP and crime prevention volunteers have partnered to equip owners of certain older- model cars with a means to theft-proof their vehicles. As part of Operation Lock Up, which kicked into gear…
Natural, man-made disasters to cost insurance industry $65 billion this year: Swiss Re
December 19, 2012 by Canadian UnderwriterEconomic losses from natural catastrophes and man-made disasters will likely reach at least $140 billion (USD) this year, with total insured losses reaching $65 billion, according to preliminary estimates from a Swiss Re study. Natural catastrophes alone will contribute to…
York Regional Police lay 41 charges alleging false auto insurance claims, staged collisions
December 18, 2012 by Canadian UnderwriterYork Regional Police north of Toronto recently arrested and charged nine individuals in connection with alleged staged collisions. The arrests were made as a result of the second phase of Project Sideswipe , an ongoing investigation into allegedly false auto insurance…
A.M. Best revises estimate for U.S. asbestos insurance losses to $85 billion
December 18, 2012 by Canadian UnderwriterA.M. Best Company Inc. recently released a revised estimate of $85 billion, net of reinsurance, in losses due to third-party liability asbestos claims to the United States property and casualty insurance industry. Annual losses for both asbestos and environmental is…
Ontario appeal court denies Aviva Canada’s request to alter ruling
December 18, 2012 by Canadian UnderwriterThe Court of Appeal for Ontario has denied a request by Aviva Canada to “withdraw, alter or modify” its decision in Pastore v. Aviva Canada Inc. based on a Supreme Court of Canada ruling in July. In Pastore v. Aviva…
Ontario government beefs up investment in critical infrastructure
December 18, 2012 by Canadian UnderwriterThe Ontario government is increasing support for critical road, bridge, water and wastewater projects under its Municipal Infrastructure Strategy, a move sure to garner support from insurance industry and municipal representatives alike. The increased investment — up substantially from the…
FirstOnSite Restoration launches software for site reports, property claims
December 12, 2012 Greg Meckbach, Associate EditorFirstOnSite Restoration announced Wednesday it has developed its own software designed to let project managers compile site reports of damaged properties and generate electronic records for claims adjusters, plus work orders for construction and repair crews. The Mississauga, Ont.-based firm…
Chubb estimates $570 million in net losses from Sandy
December 12, 2012 by Canadian UnderwriterThe Chubb Corp. has estimated its losses from “superstorm” Sandy to be about $570 million after tax, the company said Tuesday. That amount, which equates to $880 million before tax, includes estimated losses and loss expenses net of reinsurance recoverable…
Insured losses from severe weather in Canada topped $1 billion this year: IBC
December 11, 2012 by Canadian UnderwriterThe Insurance Bureau of Canada is estimating insured damage caused by severe weather across Canada to be over $1 billion this year. Total insured damage in Canada during 2012 is approximately $1.19 billion, down from last year’s $1.7 billion, according…
Cunningham Lindsey, investor group recapitalization deal closes
December 11, 2012 by Canadian UnderwriterClaims adjusting and management firm Cunningham Lindsey Group has announced the closing of its previously announced recapitalization by investor group CVC Capital Partners. Terms of the transaction, which was previously announced on Oct.1, 2012, were not disclosed. Read more: Investor group…