Segment
Claims
Resolve Corp. to provide transcription services for HCAI
November 7, 2007 by Canadian UnderwriterResolve Corporation, a Mississauga-based business processing outsourcing firm, and Health Claims for Auto Insurance (HCAI) Processing have entered into a three-year partnership that will see Resolve manage the transcription of paper forms for Ontarios new electronic system for processing auto…
What’s New: In Brief (November 05, 2007)
November 5, 2007 by Canadian UnderwriterJust one month after the Ontario government introduced a tough new, anti-street-racing law, more than 1,000 motorists have been charged under the act, the Metro newspaper in Toronto has reported.The new law introduces harsh penalties such as license suspension or…
ESIS to provide dedicated Canadian workers compensation oversight
November 2, 2007 by Canadian UnderwriterESIS Inc., a risk management services company of ACE USA, announced it will provide dedicated Canadian workers compensation oversight to its clients through its affiliate, ESIS Canada Inc. ESIS Canada Inc. will offer reporting services for all new claims to…
What’s New: In Brief (November 02, 2007)
November 2, 2007 by Canadian UnderwriterAtlantic Canadians should brace themselves for Hurricane Noel, which is forecast to track across western Nova Scotia, cross the Gulf of St. Lawrence, and then move through Labrador, the Canadian Hurricane Centre warns. Hurricane Noel is on its way to…
Ontario Court upholds liability waiver based on “forseeable” risk
November 2, 2007 by Canadian UnderwriterThe legal test for negligence which would absolve an outdoor equipment provider of liability in a personal injury case is not perfection but rather to design a product so as to eliminate any unreasonable risk of foreseeable injury, the Ontario…
Uninsured motorist protection limited to $1 million
October 31, 2007 by Canadian UnderwriterThe limit of Underinsured Motorist Protection (UMP) coverage under governing legislation in British Columbia is limited to Cdn$1 million for all or each of the dependents of a passenger killed in a motor vehicle accident, the Court of Appeal for…
What’s New: In Brief (October 31, 2007)
October 31, 2007 by Canadian UnderwriterThe severity of the insured losses from the 2007 California wildfires will not likely have a significant impact on the earnings of U.S. property and casualty insurers rated by Moodys.These wildfires have the potential to be the costliest wildfires in…
Most insurers have sufficient SABS-related policies, controls: FSCO review
October 30, 2007 by Canadian UnderwriterMost Ontario auto insurance companies have sufficient SABS-related governance and internal controls, the provinces financial regulator reported in its Statutory Accident Benefits Schedule (SABS) Risk-Based Market Conduct Assessment Report.The Financial Services Commission of Ontario (FSCO) recently posted the aggregate results…
What’s New: In Brief (October 29, 2007)
October 29, 2007 by Canadian UnderwriterChristopher J. Ridge has been hired as managing director of XN Alternative Risk, a newly formed risk management consulting and reinsurance brokerage operating division of XN Financial. The brokerage will be operating exclusively in the alternative risk transfer (ART) marketplace,…
Shipping agents warned about fraudulent e-mails leading to cargo release
October 25, 2007 by Canadian UnderwriterSHIP agents are increasingly faced with attempts to obtain delivery of cargo using forged emails, according to the International Transport Intermediaries Club (ITIC). “Fraud in shipping is endemic, cargoes are valuable, and it has never been easier to forge documents,…
Ontario Court of Appeal clarifies a retail store employee’s “standard of care” in product liability case
October 25, 2007 by Canadian UnderwriterIf a danger related to the use of a product is not obvious, and a consumer seeks reassurance from a merchant concerning the safety of the product, the answer must not be misleading, the Ontario Court of Appeal has found…
California wildfires could cost insurers up to US$1.6 billion
October 25, 2007 by Canadian UnderwriterWildfires ravaging large swathes of Southern California are likely to cost insurers between US$900 million and US$1.6 billion, making them among the most expensive in the region’s history, according to Risk Management Solutions (RMS).Of the 23 fires, the Witch Fire…