Segment
Claims
Facebook evidence must be specific, relevant to undermine injury claim: B.C. court
September 30, 2009 by Canadian UnderwriterThe Supreme Court of British Columbia recently derailed an effort by defence counsel to introduce 273 Facebook pictures that purportedly showed a car accident victim was exaggerating her injuries. In doing so, Mayenburg v. Lu sends a message that insurance…
What’s New: In Brief (September 30, 2009)
September 30, 2009 by Canadian UnderwriterPPG Refinish has launched ‘MVP Business Solutions’ Web site. The site is tailored to PPG’s collision centre customers and contains information on MVP training, tools and service.“Customers can find out about our MVP offerings and quickly get up-to-the-minute information about…
Lloyd’s of London posts increased profit in first half of 2009
September 24, 2009 by Canadian UnderwriterLloyd’s of London posted a pre-tax profit of £1.32 billion (Cdn$2.3 billion) in the first half of 2009, compared to £949-million (Cdn$1.66 billion) profit for the same period of 2008.The result reflects continuing underwriting discipline and a relatively low level…
Aon Consulting Canada creates new CCO position
September 24, 2009 by Canadian UnderwriterDouglas A. Coll has been appointed chief commercial officer of Aon Consulting Canada. Coll started in the newly created role on Sept. 8 in Toronto. The chief commercial officer is focused on generating revenue growth, according to an Aon release.…
Marine insurers affected by global recession
September 22, 2009 by Canadian UnderwriterAs the global recession affects shipping activity, marine insurers are faced with decreased demand and an increase in piracy, according to A.M. Best. Impeding free trade could have a negative impact on the global economic recovery, Deidre Littlefield, president of…
What’s New: In Brief (September 22, 2009)
September 22, 2009 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has released the Health Claims for Auto Insurance (HCAI) 2009 Pilot Guideline. The guideline was issued to facilitate a staged return of the HCAI system, which was suspended Mar. 11, 2008. More guidelines…
Proposed pandemic endorsement would extend the term of an expiring policy after emergency is declared
September 21, 2009 by Canadian UnderwriterA pandemic endorsement first proposed by insurance brokers is now pending approval by the board of Insurance Bureau of Canada (IBC).The premise of the proposed endorsement, brought to IBC by the Insurance Brokers Association of Canada (IBAC) and the Toronto…
Ontario to change Rules of Civil Procedure to expedite court processes, but jury out on savings to insurers
September 16, 2009 by Canadian UnderwriterUpcoming changes to Ontario’s Rules of Civil Procedure are designed to expedite cases before the courts, but insurers shouldn’t expect huge savings in claims costs as a result of the changes, one counsel cautions.On their face, the changes would appear…
Mitchell International launches new Web-based technology to connect Canadian insurers with contractors
September 16, 2009 by Canadian UnderwriterMitchell International Inc. has introduced new Web-based technology designed to improve communication between Canadian insurers and contractors, thereby streamlining the claims process.Mitchell provides workflow solutions to the collision repair and property and casualty claims industries. It has released a new…
Loss ratios for credit risk insurance break the 100% level
September 15, 2009 by Canadian UnderwriterLoss ratios for credit risk insurance climbed from between 20% and 30% prior to the financial crisis that began in 2008 Q3 to more than 100% currently, driving a hard market in the line, said Daniel Galvao, senior vice president…
Canadian P&C industry may have role to play in discussion of building codes: ICLR
September 11, 2009 by Canadian UnderwriterAn on-the-ground inspection of damage done to homes following several tornadoes that hit Ontario on Aug. 20, 2009 has started a discussion about whether or not the Canadian property and casualty insurance has a role to play in raising awareness…
What’s New: In Brief (September 11, 2009)
September 11, 2009 by Canadian UnderwriterZurich in Canada has appointed Bob Fellows as senior vice president of distribution, marketing and communications for Zurich’s business in Canada.Fellows has 30 years of experience working in the Canadian insurance industry.In his distribution role, he will be responsible for…