Segment
Claims
Arbitrator finds “semblance of relevance” test is too low for production of Facebook photos in dispute resolution hearings
June 13, 2012 by Canadian UnderwriterAn Ontario arbitrator has dismissed the appeal of an order for a claimant to produce photos from her Facebook account, but in doing so, the arbitrator rejected the “semblance of relevance” test for producing photos from social networking sites. In…
Three-quarters of U.S. employees don’t think their employers are prepared for a natural catastrophe: FM Global survey
June 13, 2012 by Canadian UnderwriterThree-quarters of U.S. employees feel their employers are not well prepared for a natural disaster, an FM Global survey has found. Conducted in May 2012, the national study commissioned by FM Global included 1,364 respondents. Eight hundred and forty-seven employees…
Disaster Kleenup Canada comes full circle with new executive appointments
June 13, 2012 by Canadian UnderwriterDisaster Kleenup Canada (DKC) has appointed Ken Tucker as its CEO and Ken Zardo as vice president of sales and marketing. The company says the new leadership represents the company coming around “full circle.” “There is not a more appropriate…
IBC accuses critics of proposed CAT definition of “fear-mongering”
June 12, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) laid down the gauntlet against critics of the province’s recommended catastrophic (CAT) impairment definition, accusing them on June 12 of “fear-mongering.” IBC responded quickly to a media campaign mounted by trial lawyers and medical and…
Trial lawyers and rehab groups speak out against recommended catastrophic impairment definition
June 12, 2012 by Canadian UnderwriterThe Ontario Trial Lawyers Association (OTLA) and Alliance of Community Medical and Rehabilitation Providers are launching a media campaign against proposed changes to the definition of a catastrophic impairment for victims injured in car accidents. Currently, accident victims who are…
New CAT definition should not combine psychiatric or mental/behavioural impairments with physical impairments: FSCO
June 12, 2012 by Canadian UnderwriterOntario’s regulator is recommending to the finance minister that physical impairments should not be combined with psychiatric or mental/behavioural impairments for the purpose of determining a catastrophic injury. Ontario’s regulatory superintendent has thus adopted the recommendations of an expert medical…
Canadian travelers concerned about safety, but many don’t purchase travel insurance: Desjardins survey
June 12, 2012 by Canadian UnderwriterAbout 66% of Canadians surveyed by Desjardins Financial Security expect to travel within Canada in 2012 and yet almost one-quarter of these travelers aren’t planning on purchasing travel insurance. The 2012 Desjardins Financial Security national health survey surveyed 1,529 Canadians…
Canada’s P&C industry should be discussing earthquake preparedness with consumers
June 11, 2012 by Canadian UnderwriterProperty and casualty insurers frequently talk about their financial wherewithal to make claims payments following a major earthquake in Canada, but industry rarely mentions if it is prepared to deliver on the promise underlying its earthquake insurance policies, an audience…
Canada needs to prepare infrastructure for future precipitation fluctuations: climate change research
June 11, 2012 by Canadian UnderwriterCanada will continue to warm by as much as 2 C by 2020 and 4 C by 2050, prompting variable fluctuations in precipitation across the country, notes climate change research presented on June 11 by Intact Financial Corporation and the…
Italian earthquake causes $6.25 billion in economic losses: Aon Benfield
June 11, 2012 by Canadian UnderwriterEarthquakes that devastated northern parts of Italy caused $6.25 billion in total economic losses, but the insured damages are still being tabulated, notes a recent catastrophe report from Aon Benfield. “The Italian earthquakes resulted in the largest natural disaster loss…
Allstate writes $10,000 cheque in support of Thunder Bay residents affected by flooding
June 8, 2012 by Canadian UnderwriterAllstate Insurance Company of Canada today presented The Salvation Army with a $10,000 cheque in support of efforts to assist residents affected by flooding in Thunder Bay, Ontario. “This is a difficult time for the community, and we wanted to…
Capacity plentiful for June 1 reinsurance renewals: Guy Carpenter
June 7, 2012 by Canadian UnderwriterA comparatively benign year so far for natural disasters has bolstered the capital levels of reinsurers, allowing for “moderate pricing trends” in mid-year reinsurance renewals, according to a recent report by reinsurance broker Guy Carpenter. “Relatively light catastrophe loss activity…