Expectations and regulatory requirements surrounding Conduct Risk are changing. We asked Elizabeth Murphy and David Pelkola of KPMG for their take on what international trends hold for Canadian insurers and brokers.
Author Archives: Admin2
Desjardins Group completes the acquisition of State Farm’s Canadian operations businesses
LEVIS, QC, Jan. 2, 2015 /CNW Telbec/ – Desjardins Group, the leading cooperative financial group in Canada, announces that it has completed the purchase of State Farm Canada’s businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies as at January 1, 2015.
The Ultimate Guide to Managing Physio Fees
When it comes to your injury, you need to be focused on one thing: getting better.
However, there are many factors to consider before you start your recovery. Perhaps the biggest consideration
is the cost of treatment, what services are covered, and your payment options.
FAIR on Ontario Today, Wednesday, January 21 between 12 and 1pm
The CBC Ontario Today show originally scheduled for Jan 6th has been rescheduled to Wednesday, January 21 at 12 pm. At issue is what car insurers and extended health insurers put legitimate claimants through in order to deny their benefits. Jokelee Vanderkop, author of ‘So You Think You’re Covered! The Insurance Industry Rip-Off’, an all-too-real story about her 12 year long battle for benefits and her odyssey through Ontario’s dysfunctional auto insurance system, discusses her experiences. Rhona DesRoches, Chair of FAIR will be on an open talk line to answer questions about the thousands of seriously injured people with medically valid claims who are denied access to benefits.
You can find the Ontario Today show at 99.1 or 100.9 or 93.5 (check online for your area) or you can listen online. The call-in number is 1-888 817 8995. Online http://www.cbc.ca/player/Radio/
Cutting insurance costs akin to ‘dragnet fishing’
The wholesale approach to cutting costs is hurting not just those seeking insurance benefits, but those delivering health care, says the head of the Ontario Rehab Alliance.
http://www.insurancebusiness.ca/news/cutting-insurance-costs-akin-to-dragnet-fishing-186728.aspx
Anti-ABS Arguments Continue to Be Based on Emotion – Not Fact
I’m tired.
Tired of ABS fear-mongering.
Tired of disingenuous and protectionist arguments made by those who know very little about ABS – yet are fiercely opposed to it.
And tired of the misinformation being floated by ABS opponents.
Now I know what it was like in the McCarthy-era.
Lawyers (particularly trial lawyers) are trained to argue a position based on logic and evidence – not hyperbole and emotion.
OTLA’s recent pronouncements in the Law Times on December 29, 2014, are particularly troubling:
http://www.slaw.ca/2014/12/30/anti-abs-arguments-continue-to-be-based-on-emotion-not-fact/
What is ABS? http://www.lsuc.on.ca/uploadedFiles/abs-discussion-paper.pdf
Lawyer Who Sues Client for $4,000 Is Ordered to Pay Client Nearly Twice That Amount in Costs
A lawyer who sued her former client for $3,937.50 for unpaid legal fees has had $7,000 in costs awarded against her, and the matter has yet to reach trial.
In the lawyer’s Small Claims Court lawsuit, she was ordered to produce her entire file to the former client and make production of the documents in chronological order, such that it could be ascertained whether or not she had in fact produced the entire file.
For reasons that are not entirely clear, the lawyer failed to produce the file in chronological order. A Deputy Small Claims Court Judge awarded costs against . . . [more]
Far-fetched driving facts, laws that surprised us in 2014
If you tell your insurance company that you were in a minor collision with no damage — not even a scratch — your insurance rates might still take a hit.
“It depends on the company, they may say: ‘It was technically a collision, so from a risk perspective we’ll keep it on your record,’” said Pete Karageorgos, IBC Ontario manager of industry and consumer relations. “My question is: if there was no damage, why would you exchange information or report it?”
Why the Government Could (And Should) Put Me Out of Business
With New Year’s around the bend one can’t help but think about the future.
I am a personal injury lawyer. I sue people for a living. The more people that are injured through the carelessness of others, the more potential business I have.
The vast majority of my business comes from car crashes. The reason is simple, crashes cause serious injuries and there are insurance companies to fight over fair compensation. A person drives carelessly and kills or injures another. Those victims hire me to represent them. That is my business. Take away careless driving and you take away my root business, and from the perspective of the road using public that is a good thing. http://bc-injury-law.com/blog/
Task force to take fresh look at doctors and sex abuse
A quarter-century after the College of Physicians and Surgeons first identified sexual abuse of patients as a serious problem, a third task force is about to begin reviewing the law governing health professionals.