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RCMP charge four in stolen vehicle and insurance fraud scheme
Accused used fraudulent documents to register vehicles they didn’t own, sold vehicles with cloned Vehicle Identification Numbers
Tag: "Nova Scotia"
Insurance brokers support Nova Scotia auto reforms
“When legislative changes occur in the insurance industry it is important that educational materials and communication vehicles are well established to ensure consumers are aware of the changes being implemented,” says IBANS executive director Karen Slaunwhite
Nova Scotia introduces auto insurance reforms
Changes will see medical and rehabilitation expenses rise from $25,000 to $50,000
New Brunswick government backs away from proposal to cancel free flu shots
The government had proposed ending free flu shots for people with chronic illness, pregnant women and parents with children under the age of six.
NS government offering more aid for December storm victims
Up to 136 millimeters of rain and 137 kilometre per hour winds along with high tides and storm surges caused major flooding in many coastal areas
Nova Scotia auto insurance review recommends changes to Section B Benefits
Section B Benefits in Nova Scotia have not been adjusted since 2005, with the weekly indemnity payment ($140) not having been adjusted since 1974
A.P. Reid Insurance named NS Brokerage of the Year
By ILSTV Staff on Apr 14, 2011 in Canadian Insurance
IBANS recognizes top insurance industry performers with 2011 IBANS Insurance Awards
Nova Scotia seeking public input on auto insurance review
The Nova Scotia government wants residents’ input on the province’s scheduled auto insurance review. “We want to make sure that the voice of auto insurance consumers is heard,” said Graham Steele, Minister for the Insurance Act. “The purpose of this independent review is to ensure Nova Scotians have access to appropriate coverage and premiums that [...]
Nova Scotia to provide $5.6 million in disaster assistance for November flooding
Nova Scotia Premier Darrel Dexter has announced that a $5.6 million disaster assistance program will help businesses and people who suffered uninsurable property damage during a series of rain storms and floods that hit Nova Scotia last November. “The province knows that Nova Scotians have been hit hard by these storms and they need help [...]
NS injury cap increase will raise third party liability-bodily injury claims cost by 17%
The Nova Scotia Utility and Review Board has found that the province’s tripling of the minor injury cap from $2,500 to $7,500 will result in a 17 percent increase in third party liability-bodily injury (TPL-BI) claims costs. The Board made the finding after a hearing of the cap’s effect on the auto insurance industry in [...]
Auto insurance review follows injury cap review in Nova Scotia
By ILSTV Staff on Dec 01, 2010 in Auto & Trucking, Canadian Economy, Canadian Government, Injury Cap
On November 30, the Nova Scotia government announced that it will conduct an independent review of the automobile insurance system. “The standard auto insurance policy has not been reviewed for many years,” said Graham Steele, Minister for the Insurance Act, in a statement. “As we promised, we are going to make sure the auto insurance [...]
CAA Insurance adds Accident Forgiveness endorsement in Nova Scotia
The Nova Scotia Utility and Review Board has approved an application from the CAA Insurance Company that will allow the insurer to offer an accident forgiveness endorsement. The Company explained to the Board that it offers a similar endorsement in other provinces, and that agents in Nova Scotia had indicated to it that a market [...]
Nova Scotia getting tough on dangerous driving
Amendments introduced to Nova Scotia’s Motor Vehicle Act will toughen penalties for using a hand-held cellphone while driving and street racing. “Nova Scotians expect their government to take every step possible to decrease risky behaviour on our roads,” said Bill Estabrooks, Minister of Transportation and Infrastructure Renewal, in a statement. “By increasing penalties for those [...]
Medical and rehabilitation benefits across Canada
View the video here on your mobile device. Medical and rehabilitation benefits across Canada Ontario’s Standard auto insurance package is changing, and the accident benefits coverage is impacted. But how do the changes compare with the rest of the country? Here’s a breakdown of medical and rehabilitation benefit limits in Canada in provinces with non-governmental [...]
New Brunswick group seeks review of cap on insurance awards for minor injuries
By ILSTV Staff on Aug 12, 2010 in Injury Cap
A citizens group in New Brunswick is calling for a review of the province’s $2,500 cap on insurance awards for those who suffer minor injuries in automobile accidents. Frances McConnachie of Consumers for Insurance Fairness says the cap has been unfairly applied to people who have been in a coma, had broken bones, or who [...]
Save 10% on ILScorp’s Fundamentals of Insurance Prep. Course
View the video here on your mobile device. Attention New Brunswick and Nova Scotia: This week only receive 10% off ILScorp’s Fundamentals of Insurance, Online Video Preparation Course! It’s complete and comprehensive and includes everything you need to know to write the Level 1 exam. No additional books or material required. Affordable tuition gives you [...]
Supreme Court dismisses NS injury cap appeal
By ILSTV Staff on Jun 01, 2010 in Injury Cap
The Supreme Court of Canada has dismissed leave to appeal a December 2009 decision by the Nova Scotia Court of Appeal which confirmed the constitutionality of the province’s minor injury cap. In April, Nova Scotia Finance Minister Graham Steele announced that the cap would be tripled - from $2,500 to $7,500. (See the ILSTV news [...]
N.S.: cost implications of injury cap changes
By ILSTV Staff on May 17, 2010 in Injury Cap
Oliver Wyman was contracted by the Superintendent of Insurance for the Province of Nova Scotia to provide actuarial services in regards to possible changes to the Minor Injury Regulations (MIR) that became effective on November 1, 2003 under the "Automobile Insurance Tort Recovery Limitation Regulations." The firm found the following: • The enactment of the [...]
Results of NS injury cap discussion paper
By ILSTV Staff on May 14, 2010 in Injury Cap
In response to concerns about fairness, the government of Nova Scotia undertook a review of the existing minor injury cap on pain and suffering awards for injuries resulting from automobile accidents. The purpose of the review was to develop and analyze alternatives to the cap and assess the fairness of compensation while ensuring that premiums [...]
