Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
The Insurance Brokers Association of Ontario (IBAO) has come out in favour of Bill 171, the Fighting Fraud and Reducing Automobile Insurance Rates Act. The IBAO’s position, as quoted in their press release, is that unless Bill 171 is passed…
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FSCO has released a draft Statement of Priorities for 2014 and invites stakeholders to submit comments on the proposed priorities and initiatives by May 30, 2014. The draft is loaded with auto insurance initiatives which reflects the high level of activity on this file by the government over the past few years.
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This week the Ontario government introduced Bill 189, the Roadside Assistance Protection Act, which, if passed, will finally introduce a regulatory scheme to the towing industry. This will be welcome news to consumers, insurance companies and honest towing companies.
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In Lavoie v. T.A. McGill Mortgage Services Inc., the Ontario Court of Appeal in a decision released on April 3rd, 2014, upheld the dismissal of this action against Echelon, the professional liability insurer of a mortgage broker, T.A. McGill Mortgage…
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Full disclosure here. I worked with Justice Douglas Cunningham on his review of Ontario’s Dispute Resolution System (DRS) and fully support his recommendations. In the process of coming up with his recommendations, Justice Cunningham listened to a lot of users…
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Kinkade v. 947014 Ontario Inc. c.o.b. as The Silver Dollar, 2014 ONSC 1599, involved a successful motion by the defendant adult entertainment facility for a defence in this action by the plaintiff who sustained personal injuries when shot in the leg…
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It is unfortunate that insurance is continually being influenced by politics. It is frequently used by a party to gain votes prior to an election or simply to stay in power. Currently the Liberal Party (Liberals) in Ontario needs the…
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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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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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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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