Segment
Claims
What’s New: In Brief (November 19, 2009)
November 19, 2009 by Canadian UnderwriterIntact Financial Corporation (TSX: IFC) intends to issue Cdn$150 million principal amount of unsecured notes pursuant to its medium term note program. Net proceeds will be used by Intact for general corporate and investment purposes.The notes, to be offered on…
What’s New: In Brief (November 18, 2009)
November 18, 2009 by Canadian UnderwriterInsurance Bureau of Canada (IBC) is cautioning that current conditions in British Columbia’s Fraser Valley are similar to those that led to floods of the Fraser Valley in 2003 and 2007.The provincial, federal and municipal governments have made significant investments…
What’s New: In Brief (November 18, 2009)
November 18, 2009 by Canadian UnderwriterResidents in Queen Charlotte/ Haidi Gwaii and the North Coast of British Columbia awoke to a 6.5 magnitude earthquake on Nov. 17, 2009 morning. As of press time there were no reports of major damage. The quake occurred near the…
Landlords can delegate snow removal to tenants, but not in tenancy agreement: Ontario Court of Appeal
November 17, 2009 by Canadian UnderwriterA landlord can delegate snow removal tasks to tenants, but this must be done in a contractual agreement separate from the tenancy agreement, the Ontario Court of Appeal has ruled in a slip-and-fall case.“In order to be effective, a clause…
What’s New: In Brief (November 17, 2009)
November 17, 2009 by Canadian UnderwriterQuebec’s Joint Report — a report used by drivers to report collisions in which no one was hurt — has been in existence for 30 years, but only 28% of the province’s drivers have used it. A poll commissioned by…
Claims increase almost 40% in winter weather: Aviva Canada
November 17, 2009 by Canadian UnderwriterAviva Canada sees an average increase of more than 38% in claims during the winter months compared to the rest of the year. A result of weather-related incidents, slippery roadways and white-out conditions accounted for more than Cdn$38.5 million in…
What’s New: In Brief (November 16, 2009)
November 16, 2009 by Canadian UnderwriterThe Saskatchewan government is introducing legislation to ban texting and talking on hand-held cell phones while driving.June Draude, Saskatchewan Government Insurance (SGI) minister, introduced the new law on Nov. 12 in the legislative assembly. “Using a cell phone to talk…
HCAI information site launched
November 13, 2009 by Canadian UnderwriterAs the Health Claims for Auto Insurance (HCAI) pilot is re-launched, so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to…
Subrogation in fire cases
November 13, 2009 by Canadian UnderwriterThe evidence of what causes a fire is generally consumed in the fire, Richard Lindsay, founding partner of Lindsay Kenney LLP in British Columbia, said. This makes subrogation a little different in a fire-related case, he told delegates attending the…
What’s New: In Brief (November 13, 2009)
November 13, 2009 by Canadian UnderwriterDavid Koa has been appointed executive vp, sales and marketing for McLarens Canada.Koa will also be responsible for the sales and marketing of Granite Global Solutions Inc. of which McLarens Canada is one of six member companies.Koa holds more than…
ICBC reports decline in Q3 net income
November 12, 2009 by Canadian UnderwriterICBC’s net income for the first nine months of 2009 was Cdn$422 million, down Cdn$15 million from the same period last year.Total claims and expenses increased from Cdn$2.6 billion in the first nine months of 2008 to Cdn$2.7 billion in…
What’s New: In Brief (November 12, 2009)
November 12, 2009 by Canadian UnderwriterInsurance adjusters will be centre stage when Showcase, a Canadian network, airs its first-ever, hour-long commissioned drama series Cra$h & Burn.Premiering on Nov. 18 at 9 p.m. (eastern/pacific time), the series follows the life of “street-wise” insurance adjuster Jimmy Burn,…