Auto
A new report from the Canadian Institute for Health Information (CIHI) notes that almost half of all major injuries sustained in 2001-2002, 47%, were the result of motor vehicle accidents. And men bore the brunt, accounting for 67% of all severe injuries due to motor vehicle collisions.For people under 20, 54% of major trauma was […]
By Canadian Underwriter | December 23, 2003
1 min read
The Co-operators General Insurance Co. has begun refunding approximately 23,000 policyholders in Nova Scotia in accordance with recent auto insurance legislation passed by the provincial government under Bill-1. The legislation involves a “rate rollback” of 20% of premiums to the beginning of November this year, and a rate freeze which will remain in place until […]
By Canadian Underwriter | December 11, 2003
Manitoba Public Insurance (MPI) is welcoming a judgement by the province’s courts to hand a jail term to a man convicted of fraud against the public auto insurer.John Francis Lucas, 50, was given a two-year sentence for fraud under $5,000 by Judge Glen Joyal. The judge noted that the sentence should send a message that […]
By Canadian Underwriter | December 8, 2003
The provincial Progressive Conservative government of Alberta pushed through auto insurance product reform legislation just prior to closure of the parliament’s fall sitting. A significant component of the reform measures is a $4,000 cap on minor bodily injuries.The legislation, which has met resistance from injury lawyers and healthcare service providers, will likely be implemented in […]
By Canadian Underwriter | December 5, 2003
The Insurance Bureau of Canada operations at 240 Duncan Mills Rd. are moving to 2235 Sheppard Ave. East, Toronto. Enterprise Rent-a-Car has named Jim Thompson as vice president and general manager of its Alberta group. He has been with the company for 12 years, most recently as regional vice president in North Los Angeles.s. ENCON […]
November 30, 2003
2 min read
B.C.’s Utilities Commission has approved a 0.4% increase in the premium rate for mandatory auto insurance made available through crown insurer, the Insurance Corp. of British Columbia (ICBC). ICBC says it will also increase optional insurance coverage rates by 0.4%, with the increases on both classes of business introduced in reaction to changes in the […]
By Canadian Underwriter | November 16, 2003
The alarming rise in insured cost of auto theft and fraud over recent years has much to do with the involvement and growth of organized crime in Canada, according to two Insurance Bureau of Canada (IBC) claim investigators who spoke at the recently held Annual Toronto Fraud Forum. In many instances, the criminal organizations involved […]
October 31, 2003
Brokers may finally see the industry Internet portal to connect them with insurers get off the ground. After a lengthy process, the Centre for Study of Insurance Operations (CSIO) portal is slated for a January, 2004 launch.The CSIO board has approved a business plan which reflects broker support from across the country, says CSIO chair […]
By Canadian Underwriter | October 29, 2003
Broker consolidator Hub International has added two US brokerages to its stable. Boston-based Commonwealth Insurance Agency Inc. will become part of New England “hub” C.J. McCarthy, bringing about US$300,000 in annual revenue. The brokerage specializes in homeowners coverage in Massachusetts, and will be moved to Wilmington, MA, home of McCarthy. Commonwealth owner Edgar J. Sidon […]
By Canadian Underwriter | October 3, 2003
A task force established by the premiers of Atlantic Canada has rejected implementing public auto insurance in the region. The “Atlantic Insurance Harmonization Task Force” found “no significant reason to transform the private enterprise delivery system to a government monopoly supplier”. The task force report concluded that a public auto insurance system would not produce […]
September 30, 2003
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