Segment
Claims
CEOs debate whether a single tool for estimating reconstruction costs would help solve the ITV problem
October 23, 2009 by Canadian UnderwriterWould adherence to a single tool for estimating reconstruction costs help to resolve the insurance-to-value (ITV) issue?Insurance company CEOs debated the point at the 89th annual convention of the Insurance Brokers Association of Ontario (IBAO), held in Toronto on Oct.…
Consistency is key for brokers when completing insurance applications
October 23, 2009 by Canadian UnderwriterAlthough a broker might not remember each and every insurance application he or she fills out, it is imperative for legal reasons that every application for insurance be filled out the same way, Stephen Scullion, director of professional development at…
Climate change exclusions likely to be written into commercial general and excess liability policies
October 16, 2009 by Canadian UnderwriterRisks related to climate change are so expansive as to be uninsurable, and therefore it is likely climate change exclusions will be written into general commercial and excess liability insurance policies in the near future, predicts Rodney Taylor, managing director…
Claims adjusters can leverage insurers’ ability to pay to take control of environmental clean-ups
October 16, 2009 by Canadian UnderwriterInsurance claims adjusters can leverage their expert knowledge, as well as their insurance companies’ ability to pay for large-scale clean-up operations, to exert control over complicated environmental damage claims that typically span multiple jurisdictions.Panelists John Cherrie of Cherrie Griffith Professional…
What’s New: In Brief (October 14, 2009)
October 14, 2009 by Canadian UnderwriterArthur J. Gallagher International has opened a new office in Calgary, trading under the name Gallagher Energy Risk Services. Former Aon energy leader Scott Heighington will head the new office. He will be joined by David Braid and Robert Redden.John…
Capture Facebook evidence early, defence counsel cautioned
October 8, 2009 by Canadian UnderwriterInsurance defence counsel should tread carefully when it comes to preserving evidence obtained on social networking sites such as Facebook.Speaking at the Canadian Defence Lawyers’ 2nd annual Accident Benefits Experts Seminar in Toronto, panelist Jennifer Malchuk of Hughes Amys LLP…
MPI reports increase in physical damage claims during first half of 2009
October 8, 2009 by Canadian UnderwriterManitoba Public Insurance (MPI) has reported a net income of Cdn$25.5 million for the first half of fiscal 2009, marking a decrease from the Cdn$40.3 million earned during the same period in 2008.Claims costs for the six-month period ended Aug.…
Insurers under-using their legal right to obtain infomation from accident benefits claimants
October 8, 2009 by Canadian UnderwriterInsurers are under-using s. 33 of the Statutory Accident Benefit Schedule (SABS) to obtain information from an applicant applying for accident benefits. Joy Stothers of Dutton Brock LLP made the observation at the Canadian Defence Lawyers 2nd Annual Accident Benefits…
What’s New: In Brief (October 06, 2009)
October 6, 2009 by Canadian UnderwriterA North Vancouver man has been fined Cdn$4,000, double what the Crown asked for, after totalling his boss’ truck and telling police it had been stolen. Rodney Dean Johnson, 26, was driving along Highway 1 in North Vancouver on Jun.…
OSFI open to discussing innovative risk-transfer solutions related to property losess
October 1, 2009 by Canadian UnderwriterCanada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is “open for business” when it comes to discussing new risk transfer solutions to weather-related losses, OSFI superintendent Julie Dickson told P&C insurance industry representatives at the National…
Too many disincentives in Ontario’s AB system to help people get better: SIU fraud investigator
September 30, 2009 by Canadian UnderwriterTreatment providers and ancillary businesses have a vested interest in a person’s auto-related injuries, leading to disincentives in the system to get people better, according to Bob Reinhart, SIU investigator at RBC Insurance. Speaking to people attending the Annual Toronto…
Automakers, independent repair providers reach an agreement on “right to repair” issue
September 30, 2009 by Canadian UnderwriterCanadian vehicle manufacturers have reached a voluntary agreement to equip independent service and repair providers with access to important information and tools for the repair of vehicles.As reported online by CBC, the new agreement, known as the Canadian Automotive Service…