Segment
Claims
What’s New: In Brief (July 22, 2008)
July 22, 2008 by Canadian UnderwriterTropical storm Cristobal is expected to dump between 50mm and 100 mm of rain on parts of Nova Scotia on July 22. The storm is approaching Nova Scotia from the southwest and will pass south of the province on Tuesday…
Shumka acquires CGI’s claims and risk management services
July 21, 2008 by Canadian UnderwriterThe Shumka Group has acquired the property and casualty insurance claims and risk management services from CGI Group Inc. The transaction will create the largest independent insurance services company in Canada, according to a Shumka Group release. Expected to close…
What’s New: In Brief (July 18, 2008)
July 18, 2008 by Canadian UnderwriterCARSTAR Automotive Canada raised more than Cdn$80,000 for the Canadian Cystic Fibrosis Foundation (CCFF) through its 5th annual ‘Soaps it Up!’ national car wash day.There were more than 55 car wash events across the country this year. CARSTAR volunteers, community…
PricewaterhouseCoopers urges ICBC to develop policies around sale of salvage vehicles
July 17, 2008 by Canadian UnderwriterNinety-four vehicles in the ICBC’s Material Damage, Research and Training (MDR&T) Facility over the past 10 years had incorrect salvage designations (74 had improper payment codes), hiding the true status of the vehicles from the public to maximize the sale…
Private arbitrators settle priority disputes, not FSCO arbitrators
July 16, 2008 by Canadian UnderwriterFinancial Services Commission of Ontario (FSCO) arbitrators decide disputes concerning entitlement to and amount of motor vehicle accident benefits, but private arbitrators resolve priority of payment disputes among insurers, a FSCO arbitrator has found.In doing so, FSCO upheld changes to…
Ecclesiastical insurer warns of oil thefts at Atlantic Canada churches
July 15, 2008 by Canadian UnderwriterGiven the rise in fuel prices over the past few months to $1.37 and higher, ecclesiastical insurers have a new risk to manage fuel theft. Ecclesiastical Insurance has issued a public statement expressing concern that two churches in Atlantic Canada…
Insurer has obligation to defend, Ontario Superior Court finds
July 11, 2008 by Canadian UnderwriterLiberty International Underwriters Canada and ACE INA Insurance have been ordered to share the ongoing defence costs incurred by St. Marys Cement Company Inc. on a 50-50 basis, according to an endorsement by the Ontario Superior Court of Justice. St.…
Insurer not responsible for retraining costs, FSCO rules
July 9, 2008 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has ruled that an insurance company is not responsible for re-training a claimant on the basis that the learning program was more insight-oriented than vocational and rehabilitative. FSCO additionally dismissed claims for income…
Court of Appeal upholds stay in Alberta minor injury cap case
July 8, 2008 by Canadian UnderwriterThe Court of Appeal in Alberta has denied an application by State Farm Insurance Company for a stay of the judgement that eliminated the Cdn$4,000 cap on non-pecuniary damages for minor injuries caused by a motor vehicle accident. In Morrow…
What’s New: In Brief (July 07, 2008)
July 7, 2008 by Canadian UnderwriterThe Women in Insurance Cancer Crusade (WICC) has received a Cdn$1,000 personal donation, symbolizing the first WICC Tribute donation. The WICC Tribute is an initiative developed by WICC Ontario, giving industry members a tangible and meaningful way to commemorate colleagues…
FSCO vows to get HCAI back on the rails
July 2, 2008 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) intends to get the Health Claims for Auto Insurance (HCAI) electronic data-exchange system back on the rails in 2008.FSCO posted its 2008 priorities on its Web site recently, and the resumption of the…
Quebec storms cost more than Cdn$56 million
July 2, 2008 by Canadian UnderwriterInsurers expect to pay more than Cdn$56 million to customers after storms swept through parts of Quebec on June 10, according to a survey by the Insurance Bureau of Canada. To date, more than 6,000 claims for damages to residence…