Alberta Government Warns Public Against Unlicensed Insurers
July 6, 2001 by Canadian UnderwriterEarlier in the week, the Alberta government warned consumers about purchasing insurance from unlicensed insurers. According to an Insurance Bureau of Canada (IBC) news release issued about the warnings, injunctions have been obtained against Combined Services Ltd., Citadel General Surety…
Auto theft firm boasts 1,000 recoveries last year
July 5, 2001 by Canadian UnderwriterBoomerang Tracking Inc. (TSE: BMG) notes that during the past 12 months, through agreements with 32 insurance companies in Quebec and 14 in Ontario, the company’s vehicle tracking device has led to the recovery of over 1,000 vehicles valued at…
Canadians take legal action against Ford/Firestone (July 01, 2001)
July 1, 2001 by Canadian UnderwriterA Canadian class action lawsuit has been filed against auto manufacturer Ford and tire manufacturer Firestone for use of defective and unsafe products on Ford Explorer models. The action was initiated by Michelle Rambharos of Brampton following a vehicle accident…
MPI proposes lower premiums
July 1, 2001 by Canadian UnderwriterManitoba’s crown corporation insurer, Manitoba Public Insurance (MPI), has applied to the province’s Public Utilities Board for an overall premium reduction of 1.2%. This will be the fourth consecutive year of rate reductions for the province’s drivers, the crown insurer…
Letters (July 01, 2001)
July 1, 2001 by Canadian UnderwriterDear Editor, Many years ago I wrote a letter to the editor asking “where is the voice of surety in Canada, I cannot hear it?”. Not too long thereafter The Surety Association of Canada was formed primarily by the bonding…
Fight against auto theft boosted at national level
June 15, 2001 by Canadian UnderwriterA national committee representing government and the private sector has been formed to battle the growing problem of vehicle theft. The new initiative, known as "Project 6116", is supported by the federal government as well as insurance industry organizations such…
Canadians take legal action against Ford/Firestone (June 11, 2001)
June 11, 2001 by Canadian UnderwriterA Canadian class action lawsuit has been filed against auto manufacturer Ford and tire manufacturer Firestone for use of defective and unsafe products on Ford Explorer models. The action was initiated by Michelle Rambharos of Brampton following a vehicle accident…
MPI wants to lower premiums
June 7, 2001 by Canadian UnderwriterManitoba’s drivers could be paying even lower rates in the coming year if the public insurer there has its way. Manitoba Public Insurance (MPI) has applied to the Public Utilities Board for an overall premium reduction of 1.2%, the fourth…
Auto claim costs PILE UP
June 1, 2001 Vikki SpencerAs controversy over aftermarket parts use continues to swirl in the wake of the State Farm verdict, insurers, auto manufacturers, and those in the collision repair industry are looking at how to make driving safer and reduce accident costs. With auto insurers facing dismal results across the country, and in Ontario in particular, the need to tackle these costs is clear. But the role aftermarket parts, recycled parts, theft deterrents, and vehicle design will play in this attempt to bring profitability back to the auto insurance market was very much up for discussion at the recent Auto Insurers and Manufacturers (AIM) forum held in Mississauga.
News (June 01, 2001)
June 1, 2001 by Canadian UnderwriterBoomerang Tracking company has gained support for its vehicle tracking systems among 14 Ontario insurers. The system, which has already made inroads in the Quebec market, will be endorsed by national companies including The Guarantee Company and Economical, who will…
HEALTHCARE CLAIMS MANAGEMENT gets the Internet treatment
June 1, 2001 Brenda Rusnak, CEO, ACTIVE Health Management Inc.Compounded by consumer needs and stiff competition within the industry, insurance companies are forced to find new and innovative ways to differentiate themselves from their competitors. It is no longer enough to improve the efficiency of internal administration, insurers must…
CSIO AGM outlines web position
May 1, 2001 by Canadian UnderwriterWithin a period of two years the Centre for Study of Insurance Operations (CSIO) has moved from two standards of personal lines EDI and paper forms to a current total of five standards, including Internet screen guidelines, says president Klaas…