Segment
Claims
What’s New: In Brief (October 01, 2007)
October 1, 2007 by Canadian UnderwriterStandard & Poors Rating Services increased The Guarantee Co. of North Americas long-term counterparty credit and financial strength ratings from an A- to a BBB+. According to Standard and Poors rating report, the ratings are reflective of the companys strong…
McLarens Canada acquires Vanler Insurance Adjusters Ltd.
September 28, 2007 by Canadian UnderwriterMcLarens Canada announced the acquisition of Vanler Insurance Adjusters Ltd. on Sept. 27. Founded in 1993 in Toronto by Dennis Schembri, president, Vanler Insurance Adjusters Ltd. will become an integral part of the McLarens management team, according to a release.…
Ontario court reiterates requirement to deliver all endorsements to insureds
September 28, 2007 by Canadian UnderwriterThe Ontario Court of Appeal has sent a warning shot across the bow to insurers: notifying an insured that an OPCF 28A Excluded Driver Endorsement has been issued is not sufficient; a copy of the actual endorsement must be sent…
Canadian cottage owners unprepared for severe weather
September 28, 2007 by Canadian UnderwriterResearch commissioned by Royal & SunAlliance (R&SA) found that one-third of 1,500 Canadian cottagers surveyed are unequipped for harsh weather conditions and only one-quarter of respondents keep their doors locked at all times when vacationing at their cottage.Specific to severe…
Ontario Appeal Court rules on overlapping coverage of judo club “members”
September 26, 2007 by Canadian UnderwriterThe Ontario Court of Appeal has ordered CGU Insurance Company of Canada to contribute an equitable share of Cdn$1 million to Cdn$2.75-million settlement following a 1996 judo accident at the University of Windsor Judo Club.CGU insured the association Judo Ontario…
Tow truck licensing responsibilities
September 25, 2007 by Canadian UnderwriterThe highest number of complaints the Municipal Licensing & Standards office for the City of Toronto receives is for tow trucks that bill more than the capped rate, Scott Sullivan, East office supervisor, Mobile Business Enforcement, Municipal Licensing & Standards,…
Avoiding the dangers of privacy legislation
September 25, 2007 by Canadian UnderwriterThe insurance industry has to set up a protocol for the exchanging of information between insurers thats consistent among all insurers, Norman Groot, lawyer, Investigation Counsel PC, told delegates at the Annual Toronto Fraud Forum. Certainly, I would encourage everyone…
What’s New: In Brief (September 24, 2007)
September 24, 2007 by Canadian UnderwriterTen new drivers in Saskatchewan have received Cdn$1,000 after completing the Graduated Drivers Licensing program without any traffic convictions, suspensions or at-fault collisions.SGI is pleased to reward safe driving habits among our provinces new drivers, Phyllis Glowatsky, SGIs Manager of…
What’s New: In Brief (September 24, 2007)
September 24, 2007 by Canadian UnderwriterAccording to the Canadian Crop Hail Associations hail report, Saskatchewans hail claims have surpassed the other Prairie provinces and are about 10% higher than the provinces 5-year average. Farmers from the communities of Reward, North Battleford, Meota, Cut Knife, Unity,…
Bardswick calls for proactive approach to reforms
September 21, 2007 by Canadian UnderwriterDuring the current volatile economic environment the insurance industry needs to be more proactive with property reforms in particular water exposure to avoid political intervention like that seen with recent auto reforms, Kathy Bardswick, president and CEO of Co-Operators Group…
McLarens Canada partners with Demers Zajac Vena Insurance Adjusters Inc.
September 21, 2007 by Canadian UnderwriterMcLarens Canada and Demers Zajac Vena Insurance Adjusters Inc. are pleased to announce the partnership of their respective firms effective September 14, 2007. Demers Zajac Vena Insurance Adjusters Inc. was founded in Montreal in 1987 and under the successful leadership…
Lloyd’s CEO calls for sustainable Canadian results
September 20, 2007 by Canadian UnderwriterThe Canadian insurance industry needs to strive for pricing consistency, Richard Ward, Lloyds CEO, told a crowd at the Risk and Insurance Management Societys conference in Halifax.Ward discussed contract certainty and claims management initiatives that Lloyds has taken to improve…