Auto

Ontario cap on tow truck claims to be dropped

Expectations are that the $300 cap on vehicle towing and storage costs to be in force in Ontario by mid-April will now be dropped. The Collision Industry Action Group (CIAG) says that sources close to Michael Colle, parliamentary assistance responsible for insurance reform, are reporting the cap will be canned, and a Toronto Sun article […]

By Canadian Underwriter | March 10, 2004

1 min read

ICBC comes down on fraudulent license operation

The Insurance Corp. of B.C. (ICBC), the province’s public auto insurer, says two arrests have been made as part of an ongoing investigation of fraudulent driver licenses. ICBC has also launched a civil suit against the owner of a Richmond, B.C. driving school, alleging driver licenses were issued for a fee without the required testing […]

By Canadian Underwriter | March 10, 2004

1 min read

ICBC wins court battle with bodyshop

Capping a five-year legal battle, the Insurance Corp. of B.C. the province’s public auto insurer has won a B.C. Supreme Court verdict for $190,000 against a fraudulent bodyshop.Eurosport Auto Co. Ltd. and its owner, Frederick Ngok Hwang, were ordered to pay $75,000 and $115,000 punitive damages for submitting bills for work that was never done […]

By Canadian Underwriter | February 24, 2004

1 min read

MPI Net Income Up Despite Claims Growth

For the first three quarters ending November 30, 2003, Manitoba Public Insurance (MPI) is reporting growth in net income to $38.7 million, up from $23.1 million for the same period a year earlier. Investment income was almost double, hitting $85.4 million for the first nine months of the 2003 fiscal year, versus $45.8 million for […]

January 31, 2004

1 min read