Of the 23 changes made in 2005 to the standard commercial general liability policy (CGL) by the Insurance Bureau of Canada, seven are considered significant, attendees of the Canadian Independent Adjusters’ Associations Ontario Region educational seminar were told.The first major change is in regards to compensatory damages, Vincent Burns, partner at McCague Peacock Borlack McInnis […]
By Canadian Underwriter | May 11, 2007
1 min read
Crawford & Company (Canada) Inc. has announced the creation of a commercial auto services branch, which will oversee programs in the commercial auto sector. Working with Crawfords global branch network, this new team will manage programs within the commercial auto sector, such as car and truck rentals, taxis, couriers, and commercial fleets.CEO John Sharoun notes […]
By Canadian Underwriter | May 9, 2007
1 min read
Laval, Quebec police have broken up an alleged auto theft ring that may prove to be the biggest ever uncovered in Canada.Police estimate there are more than 700 fully assembled vehicles, plus 200 with parts removed on the 1,000-square foot lot of Recyclage dAuto Yasmine in Laval, reported the Montreal Gazette.An investigation by authorities was […]
By Canadian Underwriter | May 3, 2007
1 min read
Pending a Supreme Court decision on the matter, the courts are linking automobiles to injuries that are not currently covered by auto insurance policies
April 30, 2007
6 min read
The costs of insurance insolvency in Canada have been substantially lower than most countries, but the insolvency of insurance companies in this country has been on the rise over the past few decades, according to a report by the Property and Casualty Insurance Compensation Corporation (PACICC). PACICC’s 2007 report, Why Insurers Fail, was released at […]
April 30, 2007
1 min read
The Insurance Bureau of Canada (IBC) is urging federal MPs to support Bill C-343, which would make auto theft a separate offence under the Criminal Code and implement mandatory jail times for repeat offenders.According to the IBC auto theft costs Canadians more than $1 billion a year, and the national rate of theft is 56% […]
By Canadian Underwriter | April 26, 2007
1 min read
Tritech has just enhanced its enterprise wide solution, GIMS (General Insurance Management System), to include a Web Reporting Portal. Insurers ability to generate data and report on it is increasing by the week, announced Tritech, a Toronto-based firm that has provided enterprise technology solutions to the property and casualty insurance industry for 15 years. What […]
By Canadian Underwriter | April 20, 2007
2 min read
The costs of insurance insolvency in Canada have been substantially lower than most countries, but the insolvency of insurance companies in this country has been on the rise over the past few decades, according to a report by the Property and Casualty Insurance Compensation Corporation (PACICC).PACCICs 2007 report, Why Insurers Fail, was released at its […]
By Canadian Underwriter | April 19, 2007
1 min read
The Insurance Corporation of British Columbia (ICBC) is crediting its anti-fraud programs with saving motorists more than $75 million. Savings are based on the estimated value of fraudulent claims that were denied, money recovered and savings generated through fraud prevention. According to an ICBC release, anti-fraud efforts led to 104 convictions against 64 defendants last […]
By Canadian Underwriter | April 16, 2007
1 min read
Allstate Insurance Company of Canada has developed an alliance with LifeCall, a national provider of personal emergency response systems. Allstate policyholders are now able to access an exclusive, value-added offer for personal emergency response services provided by LifeCall. In an emergency, the system will dispatch the required emergency service, whether it is police, fire or […]
By Canadian Underwriter | April 12, 2007
1 min read