Aon’s chief operating office Andrew Appel will be leaving the company at the end of the year to pursue other challenges. Aon said at the present time there are no plans to fill the position upon Appel’s departure. “Andrew has had a great impact in multiple roles across the firm over the past five years, [...]
View the video here on your mobile device. We asked Patrick Brown, a partner at McLeish Orlando LLP and former president of the Ontario Trial Lawyers’ Association if the changes in the Ontario auto insurance system will have an impact on the personal injury litigation process. Pat Brown: Yes, for sure they will. Hopefully the [...]
ICBC’s third quarter was highlighted by news of reductions to both basic and optional insurance rates for a combined savings to customers of more than $80 million. As of November 1, ICBC’s basic insurance rates dropped by 2.4 per cent and optional insurance premiums were reduced by three per cent. Both changes run for a [...]
Eight members of the Canadian Securities Administrators (CSA) have recently signed a Regulatory Cooperation Arrangement with the China Insurance Regulatory Commission (CIRC) to establish a channel for regulatory cooperation in connection with Chinese insurance firms’ overseas investments involving registered Canadian firms and recognized markets. The securities regulators of Alberta, British Columbia, Manitoba, New Brunswick, Nova [...]
Chatting on your cell phone or flossing your teeth while driving could cost you $172 under a new distracted driving law passed by the Alberta legislature. Transportation Minister Luke Ouellette called Bill 16 the “most comprehensive” legislation in Canada. It restricts the use of hand-held phones and activities such as texting, reading, writing and personal [...]
Looking for: Claims Triage Specialist, Toronto SCM Insurance Services is looking for a Claims Triage Specialist at its Younge & Eglinton location Claims Triage Specialist, Yonge & Eglinton THE ROLE Role Summary: Perform claim triage on new losses by engaging designated resources, claim units, and/or protocols to respond to defined categories of high-profile, complex claims [...]
Bill S-9, also known as the “Tackling Auto Theft and Property Crime Act” received Royal Assent on November 18, officially passing it into law. The new legislation: Creates a separate offence of “theft of a motor vehicle”, which carries a mandatory prison sentence of 6 months for conviction of a third or subsequent offence when [...]
In his ongoing legal battle with his insurance company, wrestling icon Hulk Hogan (born Terry Bollea) has now added his ex-wife to the suit. In 2007, Hogan’s son Nick was in a car accident that left passenger John Graziano seriously injured. The insurer – Wells Fargo Southeast – paid out $250,000 to the passenger’s family, [...]
ING NV, the bailed-out Dutch bank and insurer, reported a fall in third quarter earnings after writing down the value of its U.S. insurance operations, and said it plans to spin off both its U.S. and European insurance arms with separate initial public stock offerings. Net profit was C371 million (US$510 million), down from C499 [...]
Auto insurance quotes from AMA Insurance are now available online to Alberta drivers through the Kanetix.ca auto insurance quote comparison service. Kanetix has offered Alberta auto insurance quotes since 2000. “Kanetix is excited at the opportunity to introduce our shoppers to AMA Insurance,” said George Small, Co-founder of Kanetix.ca. “AMA Insurance complements our commitment to [...]
Kingsway Financial Services Inc. returned to profitability in the third quarter with US$2.5 million of net income or five cents per share. The Toronto-area insurance company, which reports in U.S. currency, took in less revenue from premiums but did better on underwriting losses, investments and continuing operations. It also recorded a $17.8 million gain from [...]
Starting December 1st, Ontario police will have more tools to get suspended and impaired drivers off the roads. This change will also mean added enforcement against people who have had their driver’s licenses suspended for consistently not paying family support. Motorists caught driving with a driver’s license that is already under a specific HTA suspension(s). [...]
Munich Re said following the catastrophic oil spill in the Gulf of Mexico, it is clear that better provision has to be made for dealing with losses and damage arising in this context. In response, the reinsurer has developed a new concept for insuring offshore oil drilling, which has the potential to create cover in [...]
View the video here on your mobile device. As a personal injury lawyer, McLeish Orlando partner Patrick Brown has often acted as a victims’ advocate, representing people who have been injured in car accidents. As a founding member of the Toronto Cyclists Union, he promotes safe passage of cyclists in the city’s streets. As past [...]
MetLife Inc. said on November 11 that it plans to stop selling long-term care insurance at the end of December and won’t sign up new customers into group plans as of next year. The company will continue to honour existing policies as long as premiums are paid on time. Long-term care insurance, which helps pay [...]
Alberta beef producers have a new tool to help handle volatile market prices and uncertainty around the Canadian dollar as they prepare their cattle for market. Cattle Price Insurance Program (CPIP)-Feeder is the second insurance program to become available within the CPIP suite of programs and provides beef producers with protection against price risk, currency [...]
Insurance provider Great-West Lifeco Inc. reported third-quarter net earnings of $275 million, down from a year-ago $445 million as it booked a big cash provision to cover the costs of a recent legal ruling against the company. Stripping out the effect of the one-time $204-million litigation provision related to the ruling against Great-West, operating earnings [...]
The president of Canada’s Royal College of Physicians and Surgeons says Alberta‘s plan to crack down on distracted motorists will bring even more road carnage because it still allows drivers to talk on hands-free devices. “It’s misguided. It’s dangerous and it’s going to kill more lives than it saves. They should be ashamed of themselves,” [...]
