Segment
Claims
CIAA preparing for Alberta privacy legislation
June 13, 2004 by Canadian UnderwriterWith the introduction of provincial privacy legislation in Alberta, adjusters in that province are reconciling these requirements with the federal privacy act.The Personal Information Protection Act (PIPA) has been deemed to be substantively similar to the federal Personal Information Protection…
“Rest up” program launched in New Brunswick
June 10, 2004 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is taking its “Rest up! Save your neck” program to New Brunswick this summer, with university students across the province educating drivers on proper headrest adjustment.“Rest up” is the IBC’s newest safety initiative, and…
Equitas boosts asbestos reserves by $735 million
June 9, 2004 by Canadian UnderwriterLloyd’s run-off reinsurer Equitas has upped it reserves to cover U.S. asbestos lawsuits by 296 million pounds (Cdn$735 million) on the expectation that tort reform to limit such suits will not be reached.Overall Equitas, which was created to handle Lloyd’s…
Texas storms expected to cost more than US$75 million
June 8, 2004 by Canadian UnderwriterStorms the first week of June in Texas are expected to cost insurers US$75-100 million, according to the Southwestern Insurance Information Service (SIIS).During the first two days of June, winds of 90 miles per hour ripped through the Texas, as…
EAN had “a lot of weaknesses”: IBC
June 7, 2004 by Canadian UnderwriterThe Ontario government’s proposal for an “expert assessor network” (EAN) has “a lot of weaknesses” according to feedback from the insurance industry.The proposal has been sent back to the drawing board, it was confirmed Friday by the office of Mike…
What’s new: In brief (June 07, 2004)
June 7, 2004 by Canadian UnderwriterAnthony Clark International founders John and Peter Podorieszach await the decision of the Alberta Securities Commission (ASC) on whether orders will be made following the ASC’s finding that the Podorieszachs breached the Securities Act. A panel of the ASC decided…
Study a sign industry needs to focus on mold claims
June 6, 2004 by Canadian UnderwriterA recent U.S. study on mold hailed by insurers for finding a lack of evidence mold causes serious injury should be a wake-up call to the industry, says Kyle Urech, directory of business development for Disaster Kleenup Canada.In a letter…
EAN proposal under revision
June 6, 2004 by Canadian UnderwriterThe Ontario Liberals’ proposal of an expert assessor network (EAN) to replace the designated assessment center (DAC) system is going back to the drawing board following consultations.The proposal is facing revisions, confirms Arthur Lofsky, special assistant to Mike Colle, parliamentary…
Auto insurance reforms paying off for consumers: IBC
June 1, 2004 by Canadian UnderwriterIn its most recent quarterly “Perspective” report, the Insurance Bureau of Canada notes auto insurance premiums have dropped significantly in all private market provinces from their 2003 peaks, with the exception of Newfoundland.Topping the list is PEI, where premiums are…
Study questions mold as cause of serious health problems
May 27, 2004 by Canadian UnderwriterNo link can be found between the presence of dampness and mold in homes and the variety of serious health problems being claimed in court cases, suggests a new report by the Institute of Medicine (IOM) of the National Academies,…
What’s new: In brief (May 25, 2004)
May 25, 2004 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) has introduced a new deductible payment plan which allows claimants to finance the payment of their deductible after an accident over a period of 10 months. While SGI does not charge interest, it will charge claimants…
EPL verdicts on the rise
May 24, 2004 by Canadian UnderwriterJury awards in employment practices liability (EPL) cases in the U.S. rose 18% last year, according to new research by Pennsylvania-based Jury Verdict Research. The study notes the median EPL award rose to US$250,000, including cases for discrimination and wrongful…