Segment
Claims
What’s New: In Brief (September 23, 2008)
September 23, 2008 by Canadian UnderwriterSwiss Re expects its collective net claims for Hurricanes Gustav and Ike will total approximately US$300 million, the reinsurer announced Sept. 23.Swiss Re estimated its Hurricane Gustav claims exposure would amount to approximately US$50 million when all was said and…
What’s New: In Brief (September 18, 2008)
September 18, 2008 by Canadian UnderwriterPPG Automotive Refinish has been named a preferred supplier by Volvo Car Corporation for its worldwide network of dealerships and independent collision centers. The designation includes PPG’s waterborne Envirobase High Performance and Nexa Autocolor Aquabase Plus.Volvo’s objective is to provide…
Lawyer ordered to pay costs after client doesn’t show up to three pre-hearing discussions about benefits
September 17, 2008 by Canadian UnderwriterAn Ontario arbitrator has upheld a personal cost award against a lawyer who could not get his client to attend three different scheduled pre-hearing discussions concerning an accident benefits claim.The lawyer’s client, Roman Luskin, was injured in a 2005 motor…
What’s New: In Brief (September 17, 2008)
September 17, 2008 by Canadian UnderwriterMarine insurers are concerned some shipyards may be compromising quality to increase production, according to BestWire.There’s some indication the increasing cost of steel might be forcing shipyards in certain countries to cut back on the quality of steel used in…
What’s New: In Brief (September 16, 2008)
September 16, 2008 by Canadian UnderwriterICBC has launched a free online service that allows customers to look up a vehicle’s status, helping them to make informed buying decisions about used vehicles. All vehicles in North America are assigned a status to describe the general state…
Canadian and U.S. litigation trends growing more and more similar
September 16, 2008 by Canadian UnderwriterPrivate companies in Canada and the United States are facing similar trends in litigation based on legal actions launched by customers, shareholders, employees and business partners, a Chubb Insurance Company of Canada survey has found.“The survey findings were surprising, as…
CIAA inaugurates new president
September 15, 2008 by Canadian UnderwriterReno Daigle was inaugurated as president of the Canadian Independent Adjusters’ Association this past Saturday at Dalvay By the Sea in Prince Edward Island. “It is with pleasure that I pass to you the gong of office,” Fred Plant, immediate…
U.S. report recommends increasing driver’s license ages to beyond 16
September 10, 2008 by Canadian UnderwriterLicensing U.S. teenagers to drive at ages older than 16 would substantially reduce crashes involving teen drivers, a new Insurance Institute for Highway Safety report says.The report, which cites Canadian research, has been released at the annual meeting of the…
Severe rainfall brings flood of homeowner claims to Atlantic Provinces
September 8, 2008 by Canadian UnderwriterPost-tropical storm Hanna soaked the Atlantic provinces on Sept. 7, leaving more than 100 mm of rain in some parts of the area. Counties along the Fundy Coast of New Brunswick and Newfoundland were the hardest hit, as embedded rain…
Top 10-quoted hybrid cars in 2008
September 5, 2008 by Canadian UnderwriterKanetix.ca has released the top 10 most popular hybrids quoted for 2008, as determined by auto insurance quotes sought on the site. The top 10-quoted hybrids for the first six months of 2008 are: Toyota PriusHonda Civic HybridToyota Camry HybridFord…
Use of lighter-weight vehicles stems higher injury claims cost
September 2, 2008 by Canadian UnderwriterThe cost of auto injury claims in the United States involving lighter-weight vehicles tends to be higher than the cost of claims involving heavy vehicles, according to a new report from the Insurance Research Council (IRC).To investigate the potential impact…
Insurers lose appeals in transfer-of-loss case
August 29, 2008 by Canadian UnderwriterTwo insurers, Royal & SunAlliance (now RSA) and Aviva Insurance Company of Canada, have lost their appeals from an arbitration under the loss transfer provisions of s. 275 of the Ontario Insurance Act. The arbitration arose from an incident occurring…