Segment
Claims
Providing the Policy
June 2, 2012 Gregory D. Hardy, Chair, Patterson Law Insurance Group, Patterson Law (Halifax, Nova Scotia), and SaIt seems like a basic Insurance 101 principle, but the insurance provider is obligated to provide the policy to the insured.
Protecting Against E&O Claims
June 2, 2012 Frank Cain, Michael Palermo & Associates Insurance Ltd.I would like to comment on the March 2012 Canadian Underwriter article entitled, ‘How Much is Enough?’ When I look at the question, I want to add: “…to avoid underinsurance and a possible broker E&O claim.” The possibility of an…
The Condo Conundrum
June 2, 2012 David Gambrill, Senior EditorB.C. brokers turned out in droves to a seminar discussing the twisted turns of applying strata insurance deductibles.
Cyber Surge
June 2, 2012 Craig HarrisThere is a surge of interest in cyber insurance coverage. Media reports of data breaches and evolving privacy regulations have spurred senior management and risk managers to recognize information security as a strategic business issue. Cyber insurance may be following a similar trajectory to D&O liability protection, which is now widely perceived as a vital part of an organization’s insurance platform.
Rain barrels offer old-fashioned solution to avoiding water damage
June 1, 2012 by Canadian UnderwriterA new study released June 1 by Insurance Bureau of Canada (IBC) and Wingham, Ontario concludes the humble rain barrel offers an old-fashioned solution to keeping home water damage down. The Wingham Rain Barrel Study began with 1,000 rain barrels,…
Aviva data show theft season has begun
June 1, 2012 by Canadian UnderwriterSummer is here, bringing with it warm weather, time away from home and a spike in residential burglaries. Insurance claims data from Aviva Canada Inc. show the frequency of thefts on the home front during June, July and August are…
CARSTAR seeks to reach $2 million fundraising milestone in ninth annual Soaps it Up for Cystic Fibrosis National Car Wash
June 1, 2012 by Canadian UnderwriterCARSTAR locations across the country are gearing up to wash a lot of cars during the ninth annual Soaps It Up for Cystic Fibrosis National Car Wash Fundraiser on June 9, an event expected to propel CARSTAR locations across the country…
IBC deploys CAMP to Thunder Bay
May 31, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has deployed its Community Assistance Mobile Pavillion (CAMP) to Thunder Bay after the city was swamped by 91 mm of rain in just 18 hours. CAMP is a national program that provides disaster victims with…
CSIO recognizes three-company collaboration for linking broker-carrier systems
May 31, 2012 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) has recognized a three-company collaboration that is helping brokers do their jobs more efficiently. At its annual meeting on May 29, CSIO president Catherine Smola presented the technology award for the innovative…
Ontario Appeal Court orders new trial in vehicle accident case because trial judge’s comments show bias
May 31, 2012 by Canadian UnderwriterThe Ontario Court of Appeal has ordered a new trial between a plaintiff injured in a winter road accident and the defendant municipalities because the judge’s comments during the trial raised a reasonable expectation of bias. In Lloyd v. Bush,…
OSFI expects P&C insurers to start looking at earthquake exposures on a national basis
May 31, 2012 by Canadian UnderwriterCanada’s federal solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is advising property and casualty insurers to be prepared to start looking at their earthquake risk exposures on a national basis. OSFI assistant superintendent Mark Zelmer outlined…
Summary judgment not applied in Ontario CAT impairment case
May 31, 2012 byThe Ontario Superior Court has derailed a plaintiff’s bid to obtain under new provincial rules for summary judgment a declaration that she suffered a “catastrophic impairment.” Nancy Stewart was severely injured in a motor vehicle accident on Nov. 4, 2005.…