The evolution of technology is rapidly affecting how insurers are underwriting policies and settling claims as telematics help blend computers with wireless communication.
Author Archives: Admin4
A $6,000 car insurance shock: Mayers
The story illustrates the huge penalty for being a young, male driver in Canada’s most expensive car-insurance market. It doesn’t matter how well you drive, accident and claims statistics are against you until you’re about 25.
http://www.thestar.com/
Sudbury Accent: ‘Now I’m just a number’
A group of Sudbury psychologists is slamming an organization established to help injured workers, saying it is traumatizing them a second time and defrauding employers paying premiums for it.
http://www.thesudburystar.com/
Auto insurers raking in cash while cutting benefits, study finds
Insurers have slashed coverage for Ontario drivers just as they’re racking up sky-high profits, says a critical report for a lawyers’ group pushing for an industry audit by the province’s spending watchdog.
http://www.lfpress.com/2015/
Can self-driving car makers handle depth of liability?
Earlier this month, Håkan Samuelsson, president and chief executive of Volvo Cars, caused a significant stir when he said Volvo “will accept full liability” whenever one of its cars is in autonomous, or so called ‘self-driving’, mode. Knee-jerk speculation was that car manufacturers would eat some of the insurance industry’s lunch, but now the consideration is whether they can digest the depth of responsibility.
Understanding consumer view key to meeting expectations: Forgeron
Considering things from the consumer perspective is important for insurers to truly understand – and, in turn, be able to respond to – ever-evolving consumer expectations, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested Thursday at IBC’s 15th Annual Regulatory Affairs Symposium.
2014 attendant care amendments not retroactive
On October 27, 2014 Quinlan, J. rendered a decision in Davis v. Wawanesa Mutual Insurance Company, 2015 ONSC 6624. The Plaintiff sought a determination before trial with respect to whether section 2 of Ontario Regulation 347/13, effective February 1, 2014, which amended the Statutory Accident Benefits Schedule, Effective September 1, 2010, is to be applied retroactively. Specifically, the issue was whether the change that limited attendant care benefits payable to the lesser of the amount of economic loss sustained by a non-professional service provider or the Form 1 amount applies to an accident that occurred prior to February 1, 2014.
http://www.lexology.com/
Failure to mediate in good faith: commentary from the Ontario Court of Appeal
In the case of Ross v. Bacchus, the Ontario Court of Appeal was asked to overturn a trial judge’s imposition of a $60,000 penalty on an insurer for failing to mediate in good faith.
http://www.lexology.com/
Joe O’Connor: Accidents happen in Toronto’s cycling wars. The tragedy is not everyone gets to walk away
The woman said she was okay, and that she was glad she was wearing a bike helmet, since she had smacked the back of her head off the pavement after being struck. Hit by the door of a parked van on Dupont Street that the van’s driver had flung open — without looking first.
Canada: Parents — Do You Know What Your Kids Are Up To? You Could Be On The Hook, And You May Not Be Insured
Parents may be held liable in connection with acts of their children, such as bullying, if the parents have failed to take reasonable steps to supervise the child. A recent case from the Ontario Court of Appeal highlights that there may not be any coverage under a parent’s homeowners policy in such circumstances.