Claims
Canadian carriers scored the lowest in terms of quality of underwriting, policy administration and service when compared with the United States, London and Bermuda carriers in Willis Group’s inaugural Carrier Evaluation Survey. In terms of claims, Canadians nudged ahead of Bermuda-based carriers for third place. The results of the programme are based on a survey […]
August 1, 2007
1 min read
PPG Canada Inc. has announced a shuffle within its automotive refinish group, with five staff members receiving new appointments. The appointments include: Lee Smith, current director of Refinish Canada, has been promoted to director of strategic growth and acquisition for PPG Automotive Refinish, North America; Brian Roberson, will serve as Smith’s replacement; Denis Cloutier is […]
9 min read
The Financial Services Commission of Ontario (FSCO) is releasing a revised Pre-approved Framework (PAF) Guideline for Grade I and II Whiplash Associated Disorders and accompanying Pre-approved Framework Extension Request and Discharge Report form (OCF-24/198). The new PAF Guideline is effective Oct. 1, 2007. Changes in the revised PAF Guideline include: * focus on returning the […]
The rapid increase of insider-related security breaches and of stolen computer equipment and data storage devices has unnerved the Canadian business community, creating a greater demand for data loss liability coverage products, says Aon Financial Services Group Canadian Advisory. “Under lock and key: risk transfer solutions to limit liability for security and privacy data breaches” […]
A 62-year-old orthopedic surgeon in Windsor, Ont. has been awarded $844,450 in damages–including $714,000 based on a presumed future loss of income between the ages of 65 and 70– or injuries he sustained after being thrown from his bicycle when he ran over a raised catch basin. Dr. Robert Yovanovich, 56 at the time of […]
2 min read
Storms and flash floods in Alberta on June 5 are expected to exceed $42 million in insured damages, according to the Insurance Bureau of Canada (IBC). “In Calgary alone, there have been 3,094 insurance claims so far as a result of the storms, and insurers expect to pay $42 million to cover these claims,” Jim […]
Crawford & Company (NYSE: CRDA and CRDB), an independent provider of claims management solutions to insurance companies, has reported a 25% increase in 2007 Q2 revenues.Overall, the company reported a 2007 Q2 profit of US$6.1 million compared to a 2006 Q2 net income of US$4.2 million.The 2007 Q2 net income included a gain of US$3.1 […]
By Canadian Underwriter | July 30, 2007
Insured flooding losses in the United Kingdom this summer may yet reach more than 2 billion (Cdn$4.27 billion), less than half of what the regions March 1947 floods would have cost insurers had they happened today 4.5 billion to 6 billion (Cdn$9.6 billion to Cdn$12.8 billion), according to Risk Management Solutions (RMS).RMS estimates the floods […]
By Canadian Underwriter | July 25, 2007
Researchers at Environment Canada have proven for the first time that human activity has affected the amount of precipitation that falls on North America.The scientists, co-led by Francis Zwiers and Xuebin Zhang, studied global rainfall data from 1925 to 1999 and compared it to 14 complex climate models.The observed changes, reports Zwiers, were larger than […]
By Canadian Underwriter | July 24, 2007
A fire that ripped through a south Edmonton neighbourhood early Sunday morning could prove to be the largest property loss due to fire in Albertas history, industry experts at the Insurance Bureau of Canada (IBC) estimate.Michael Debolt, IBCs manager of government relations, the prairies, says that according to reports from the fire department, 18 homes […]
By Canadian Underwriter | July 23, 2007
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