Segment
Claims
Claimant diagnosed with “borderline personality disorder” allowed to represent herself in accident benefits arbitration
February 12, 2010 by Canadian UnderwriterShould a woman diagnosed with a borderline personality disorder be allowed to represent herself in an arbitration concerning auto insurance accident benefits?Yes, the Financial Services Commission of Ontario (FSCO) has ruled.In L.G. and Lombard General Insurance Company of Canada, FSCO…
B.C. Supreme Court orders ICBC to indemnify stunt driver who fails to remain at the scene of a single-vehicle collision
February 12, 2010 by Canadian UnderwriterThe Supreme Court of British Columbia has ordered the B.C.’s public insurer, the Insurance Corporation of British Columbia (ICBC), to indemnify a professional stunt driver who lost control of his car on a slick, rainy surface at a Wendy’s drive-through…
2010 FARM outlook projects decrease in incurred claims, marginally less premium written
February 11, 2010 by Canadian UnderwriterThe Facility Association Residual Market (FARM) is projecting premiums written and claims incurred for all FARM vehicles in 2010 — both private passenger and non-private passenger (including commercial vehicles) — that are very much in line with the projected results…
What’s New: In Brief (February 10, 2010)
February 10, 2010 by Canadian UnderwriterAn Insurance Bureau of Canada (IBC) steering committee is recommending full adoption by all auto insurers of the Health Claims for Auto Insurance (HCAI) electronic system for processing auto insurance health claims by Mar. 31, 2010. A number of stakeholder…
2009 sees lowest insured losses in 3 years
February 9, 2010 by Canadian UnderwriterAt $24 billion, insured losses in 2009 were the lowest they have been since 2006, in part due to relatively low losses for weather events and a quiet hurricane season, according to Guy Carpenter.This is a large drop from $52.5…
Halifax Regional Municipality supports Nova Scotia’s auto cap
February 8, 2010 by Canadian UnderwriterThe Halifax Regional Municipality (HRM) supports the province’s existing $2,500 cap on pain and suffering awards for minor auto injuries.The HRM self-insures about 95% of its 1,400 vehicles, including 294 buses, police cars, fire trucks and snow and ice control…
What’s New: In Brief (February 08, 2010)
February 8, 2010 by Canadian UnderwriterAon Corporation (NYSE: AON) reported a net income of $747 million in 2009, marking a 49% decrease from 2008’s profit of $1.5 billion.2008 included a $935-million, after-tax gain on the sales of Combined Insurance Companies of America and Sterling Life…
What’s New: In Brief (February 08, 2010)
February 8, 2010 by Canadian UnderwriterRecent changes to The Rules of Civil Procedure will be front-and-centre in a seminar hosted by the Canadian Independent Adjusters’ Association. The session is to be held on May 7, 2010, from 9 a.m. to 12:30 p.m., at the Albany…
What’s New: In Brief (February 05, 2010)
February 5, 2010 by Canadian UnderwriterRegistered Insurance Brokers of Ontario (RIBO), a self-regulating body for the province’s insurance brokers, is exploring the possibility of an online election process.RIBO has a participation rate “in the area of 25% to 30%” of its membership. The regulator says…
Ontario arbitration case may have widened definition of ‘catastrophic impairment’
February 4, 2010 by Canadian UnderwriterOntario’s definition of a “catastrophic impairment” may have widened as a result of a recent decision by the Financial Services Commission of Ontario, lawyers are saying about the case of Aviva and Pastore.In Aviva and Pastore, a FSCO director delegate…
Uncertain legal status for a new method of calculating income loss after breadwinner’s death: lawyer
February 4, 2010 by Canadian UnderwriterA newer method of calculating loss of income in the event of a breadwinner’s death could save defense costs, said Jamie Dunn, partner at Blouin Dunn LLP.The method is used in situations in which both spouses or partners are breadwinners…
What’s New: In Brief (February 04, 2010)
February 4, 2010 by Canadian UnderwriterCunningham Lindsey Canada has expanded its Ontario operation with the opening of a new office in Cornwall.Diane Lefebvre will serve as branch manager. She was most recently an adjuster in CLC’s Ottawa location.Lefebvre brings more than a decade of claims…