Archive for April, 2011

Banning Gender Based Pricing ?

April 23, 2011

Insurance associations say Canada is unlikely follow the European Union in banning gender-based pricing, which is forecast to push up life and car insurance costs for millions of women across the Atlantic.  The European Court of Justice in March said insurers will no longer be able to take account of gender when pricing insurance policies from [...]

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More Flooding in Western Canada

April 18, 2011

Courtesy of CBC – Manitoba officials were working quickly Monday to build higher dikes along the Assiniboine River, while their counterparts in Saskatchewan warned that flooding will remain a threat for the rest of the month. For the past week, much of the Prairie provinces has been flooded or in danger of being so, with [...]

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Brokers need to explain Ontario auto reforms

April 12, 2011

An interesting perspective from Canadian Underwriter yesterday : Brokers relying solely on the mandatory mailings explaining the new optional benefits scheme in Ontario’s auto insurance regime may find themselves liable, cautioned Stephen R. Moore of Blaney McMurtry LLP. Moore spoke during the Canadian Defence Lawyers Accident Benefits Conference in Toronto on Apr. 8. His seminar [...]

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Fighting Auto Insurance Fraud – More Progress !

April 2, 2011

Excellent news yesterday ! Auto insurers welcome Ontario’s latest moves to fight fraud, abuse and over-utilization that drive up costs for their law-abiding policyholders. “The government has clearly signaled it will support insurers that stand up to those who would exploit the system,” says Ralph Palumbo, Ontario vice-president of the Insurance Bureau of Canada. “The [...]

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