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Insured loss estimates for onshore properties in Japan as a result of Typhoon Melor range from US$850 million to US$1.5 billion, according to AIR Worldwide.On Oct. 8, 2009 Super Typhoon Melor made landfall in central Japan’s Aichi prefecture (population 7 million) as a weak Category 1 storm with sustained winds of about 119 km-h.Melor’s winds […]
By Canadian Underwriter | October 9, 2009
1 min read
Insurance defence counsel should tread carefully when it comes to preserving evidence obtained on social networking sites such as Facebook.Speaking at the Canadian Defence Lawyers’ 2nd annual Accident Benefits Experts Seminar in Toronto, panelist Jennifer Malchuk of Hughes Amys LLP said insurers need to act quickly to preserve evidence obtained on Facebook in order to […]
By Canadian Underwriter | October 8, 2009
2 min read
Insurers are under-using s. 33 of the Statutory Accident Benefit Schedule (SABS) to obtain information from an applicant applying for accident benefits. Joy Stothers of Dutton Brock LLP made the observation at the Canadian Defence Lawyers 2nd Annual Accident Benefits Experts Seminar held in Toronto.Stothers’ presentation outlined recent case law around the use of s. […]
The insurance industry yielded 17% of the Personal Information and Electronic Documents Act (PIPEDA)-related complaints lodged in 2008.Last year there were 442 new complaints in total, marking an increase from 2007’s 350 complaints. Financial institutions as a whole took the lion’s share of complaints (between 22% and 30%) and the insurance industry took second place, […]
By Canadian Underwriter | October 6, 2009
A North Vancouver man has been fined Cdn$4,000, double what the Crown asked for, after totalling his boss’ truck and telling police it had been stolen. Rodney Dean Johnson, 26, was driving along Highway 1 in North Vancouver on Jun. 30, 2007, when he slammed the truck into a signpost, the ICBC says in a […]
Today’s sophisticated, industrialized and complex world is under attack from a myriad of determined and deadly threats, according to Lord Levene, Chairman of Lloyd’s. However, as compared to the past, today’s society has more tools at its disposal, Levene said, speaking at a London event on Oct. 1 co-hosted by Lloyd’s and NATO. Society’s stronger […]
By Canadian Underwriter | October 2, 2009
In a multi-media, interconnected, thrill-seeking world, people are almost "disappointed" to learn their houses were flooded or damaged by a mere thunderstorm.
September 30, 2009
3 min read
An eyewitness account of the damage tornadoes did recently in the Vaughan area of Ontario, just north of Toronto, suggests roof nails are still missing the mark.
5 min read
Belfor Restoration held its 5th Annual invitational at Sleepy Hollow Golf & Country Club in Stouffville, Ontario, on Aug. 13. More than 80 golfers attended and enjoyed lovely weather and great food. Funds raised during the event went to fight breast cancer.
A Financial Services Commission of Ontario (FSCO) arbitrator has denied an insured’s claim for caregiver benefits and housekeeping/ home maintenance benefits following a vehicle collision. Mohammad Asghar was injured in a motor vehicle accident on Aug. 2, 2006. He applied for and received statutory accident benefits from State Farm Mutual Automobile Insurance Company. Asghar’s dispute […]
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