Segment
Claims
What’s New: In Brief (January 14, 2010)
January 14, 2010 by Canadian UnderwriterAs of the end of October 2009, Facility Association (FA) has paid and incurred more than $11.5 million in statutory accident benefit claims connected to insolvent insurer Markham General Insurance Company.Markham General was ordered wound-up under the provisions of the…
What’s New: In Brief (January 13, 2010)
January 13, 2010 by Canadian UnderwriterA.S.A.P. Secured Inc. has launched a mobile command centre for easy deployment to large loss sites across Ontario. The centre will allow adjusters and other insurance industry professionals to offer immediate assistance and support to their customers in the midst…
Insurance industry counsels Alberta not to prohibit exclusion of claims for fire following terrorist events
January 12, 2010 by Canadian UnderwriterCanada’s property and casualty insurance industry is “strongly cautioning” the Alberta government to scrap a proposal that would prohibit insurers from excluding claims for fire damage following terrorist or earthquake events.Primary insurers would run a higher risk of insolvency if…
MPI profits increase in 2009, based on rebound in investment markets
January 12, 2010 by Canadian UnderwriterManitoba Public Insurance (MPI) has a reported net income of $32.1 million for the nine months ended Nov. 30, 2009, compared to a net income of $1.8 million for the same period of 2008. The improvement was achieved in part…
What’s New: In Brief (January 12, 2010)
January 12, 2010 by Canadian UnderwriterJohn Tagle has been appointed senior vice president of national sales and business development at ClaimsPro, an SCM company.Tagle will be responsible for the augmentation of strategy and implementation of plans at ClaimsPro, leading sales and business development.In addition, Ian…
Third time not a charm when disclosing limitation periods in Alberta: Insurance industry
January 11, 2010 by Canadian UnderwriterInsurers generally agree with the Alberta insurance regulator that disclosure of limitation periods to litigate a claim should be “transparent” and “fair,” but a general industry consensus has evolved that requiring an insurance company to notify a claimant about the…
Painful symptoms alone not sufficient to claim non-earner benefits: Ontario court
January 11, 2010 by Canadian UnderwriterPainful symptoms that interfere with a person’s post-accident activities are not sufficient to entitle claimants to non-earner benefits — particularly in circumstances when there is a pre-existing medical condition, Ontario’s arbitrator has ruled. In Jasmin Mangallon and TTC Insurance Company…
HCAI in stable condition: IBC
January 11, 2010 by Canadian UnderwriterThe Health Claims for Auto Insurance (HCAI) system is stable, with no new processing issues identified, according to Insurance Bureau of Canada. The HCAI pilot was re-launched on Sept. 28, 2009, with two insurers and nine health care facilities. After…
Top 5 Frauds for 2009: MPI
January 4, 2010 by Canadian UnderwriterManitoba Public Insurance (MPI)’s special investigations unit (SIU) has recovered nearly $30 million over the last three years in undeserved benefits and denied fraudulent claims. Roughly 3,000 suspicious claims were reviewed in 2009. Five of those made MPI’s 2009 list…
Supreme Court creates new defence for defamation: will it change a company’s exposure to reputational risk?
December 23, 2009 by Canadian UnderwriterCorporate risk managers may wish to review their reputational risk in light of a new defence that protects publishers from defamation so long as their communications are found to be responsible and relate to matters of public interest.“Freewheeling debate on…
Three severe Canadian weather events in 2009 caused insured damages totalling Cdn$637 million: IBC
December 22, 2009 by Canadian UnderwriterThree separate severe weather events occurring in Alberta and Ontario in 2009 caused insured damages totalling Cdn$637 million, according to figures released by the Insurance Bureau of Canada (IBC) IBC says the various storms highlight the need for urgent action…
What’s New: In Brief (December 21, 2009)
December 21, 2009 by Canadian UnderwriterCunningham Lindsey has launched Cunningham Lindsey Research Services (CLRS).CLRS provides intelligence gathering, special investigations and surveillance services to assist in the adjudication of insurance claims.“From researching background information and verifying details, to gathering video surveillance and conducting interviews, the services…