Latest News Articles

Settle the Score – OPC issued what amounted to a “tsk-tsk” for an insurer’s failure to emphasize transparency when giving information to policyholders.

http://www.canadianunderwriter.ca/features/settle-the-score/

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Revealing Credit Scores  –  Opinions vary widely about how much information insurers should be disclosing to consumers related to the use of credit scoring.

http://www.canadianunderwriter.ca/features/revealing-credit-scores/

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The Case for Credit Scores  – One of the most accurate and powerful indicators of risk is the way customers manage their finances

http://www.canadianunderwriter.ca/features/the-case-for-credit-scores/

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B.C. judge quashes order requiring insurer to review all credit score consent forms obtained since 2004

http://www.canadianunderwriter.ca/insurance/b-c-judge-quashes-order-requiring-insurer-to-review-all-credit-score-consent-forms-obtained-since-1002361818/ 

An insurance company handling a car-crash victim’s accident claim violated the senior citizen’s privacy rights by accessing his credit rating for no good reason, the federal Privacy Commissioner has ruled.

http://news.nationalpost.com/news/canada/insurer-violated-crash-victims-rights-by-accessing-his-credit-score-federal-watchdog-rules

In a noteworthy decision for both the family law and personal injury bars, the Ontario Court of Appeal has ruled that personal injury structured settlements are “income”— not matrimonial “property” — and thus their value is not shared between the estranged spouses.

https://www.thelawyersdaily.ca/articles/2792/ontario-court-of-appeal-rules-structured-settlements-are-income-not-property-?category=news

V. L. was injured in a car accident on January 21, 2014, and sought caregiver and rehabilitation benefits pursuant to SABs. T.D. Meloche denied caregiver benefits because it alleges V. L. did not and does not reside with his parents to whom he was allegedly providing care and did not provide proof of incurred expenses for caregiver services.

https://www.deutschmannlaw.com/blog/post/cargiver-benefits-approved-even-though-insured-does-not-co-habitate-full-time?platform=hootsuite

Two months after the Insurance Brokers Association of Ontario announced it would no longer invite Aviva Canada Inc. to participate in IBAO’s sponsorship program, the association continues to hold talks with Aviva, IBAO’s chief executive officer said Tuesday.

http://www.canadianunderwriter.ca/insurance/insurance-brokers-association-ontario-continues-multiple-discussions-aviva-simpson-1004110954/

Insurance may be viewed by outsiders as an old fashioned, even boring industry – but those on the inside know that it is one, particularly in recent times, that is constantly evolving.

http://www.insurancebusinessmag.com/ca/news/breaking-news/what-does-the-future-hold-for-car-insurance-claims-63963.aspx

Bill Kochevar didn’t feed himself for more than eight years, nor did he scratch his nose. He couldn’t. A bicycle accident in 2006 left him nearly completely paralyzed from the shoulders down.

http://www.therecord.com/news-story/7214720-new-technology-allows-quadriplegic-man-to-move-arm-by-thinking-about-it/

I can say with certainty that 100% of my clients suffer from financial difficulty when faced with disability, trauma or injury.  It is just not common for people to plan for the “rainy day” that could be ill health.  Yet, the impact of financial strain is significant.  Stress, anxiety, panic, excessive worry, loss of sleep, relationship issues, poor decision making, and maladaptive coping are all common reactions to feeling that you are unable to survive a change in income or increased expenses from medication, devices or therapy.

http://solutionsforliving.ca/2017/03/solutions-for-disability-related-financial-stress.html