Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
In Stewart v. TD General Insurance Company, a three-member panel of the Ontario Divisional Court dismissed the appeal from the motion judge’s ruling that the plaintiffs were entitled to just $1,000 for each of their 11 stolen marijuana plants that…
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The Ontario government has introduced new legislation “Fighting Fraud and Reducing Insurance Rates Act” to reduce auto insurance costs, fight fraud and protect consumers. IBC welcomes the proposed legislation, which reflects several recommendations from the property and casualty insurance industry.…
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The Ontario Superior Court has released a summary judgment decision in a motor vehicle accident tort action dealing with a limitation period issue. The decision appears to be the first of its kind since the Supreme Court of Canada’s decision…
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I received a current SCOR report today that showed the 2013 results of 19 insurance companies representing about $11 billion in written premiums, about 25% of the total in Canada. The interesting thing is that their combined ratio was over…
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IBC is shining a spotlight on the huge problem of insurance fraud. This year’s theme to consumers is “Don’t Be Scammed.” The insurance industry joins forces with Financial Services Commission of Ontario, Toronto Police Services and other organizations all involved…
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In Westaqua Commodity Group Ltd. v. Sovereign General Insurance Co., 2014 CarswellBC 396, the British Columbia Supreme Court found that the plaintiff insured was not entitled to coverage under its CGL policy for the cost of a third party disposing of a…
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The impact of water damage on property insurance results has drawn the attention of the Canadian Institute of Actuaries. As noted by the Insurance Bureau of Canada, one out of every two dollars paid for homeowners insurance goes to cover…
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I previously reported that based on HCAI data that it appears the minor injury definition was holding up. However, that doesn’t mean claimants are remaining in the Minor Injury Guideline (MIG). I would like to continue to examine data related…
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I assisted Justice Douglas Cunningham carry out his review of the Ontario auto insurance dispute resolution system (DRS). His report was recently submitted to the government and included 28 recommendations which if implemented would remove the system from Financial Services…
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In a significant decision, the Ontario Court of Appeal in Kozel v. The Personal Insurance Company has held that: (1) s. 98 of the Courts of Justice Act, which is broader than s. 129 of the Insurance Act, can be…
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Charles Sousa, Ontario Minister of Finance, just released the report of the Honourable J. Douglas Cunningham on the Automobile Insurance Dispute Resolution System (DRS) in Ontario. Although his review was for the purpose of speeding up claims settlements and reducing costs, it would appear…
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In December 2013, the IBC published the first set of standard HCAI reports. The document provides over 60 pages of aggregate data collected by HCAI going back to 2011 up to the first half of 2013. HCAI was made mandatory…
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The Court of Appeal for Ontario has upheld an insurer’s summary judgement motion, dismissing a claimant’s action against her accident benefits insurer because she missed the two-year limitation period. Tanya Sietzema was involved in a car accident November 11, 2005. She filed…
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