- Home
- ILSTV Stories
- Year in review: 2009 Q4
Year in review: 2009 Q4
- By ILS corp
- Published 12/30/2009
- ILSTV Stories
-
Rating:
Banks, however, were not quite as happy as they were asked to stop selling insurance online. Finance Minister Jim Flaherty said that banks cannot market their insurance activity on the bank websites, but they can sell through separate subsidiary companies, just not bank branches. In late November, an Ontario Superior Court ruled that bank branches in that province that promote and take applications for certain insurance products are subject to Ontario’s Insurance Act.
In November, the Ontario government proposed 41 changes to the province’s auto insurance system. The changes would see the maximum award for medical and rehabilitation costs following an auto accident capped at $50,000, down from the current $100,000. Also included in the proposed changes are 17 consumer protection measures.
More than 8 years after the terror attacks at the World Trade Center, an insurance dispute between insurer Allianz and reinsurer Scor was settled, with the arbitration panel ruling in favour of Allianz. S even insurers agreed to pay out an additional $2 billion on the destruction of the World Trade Center, but Scor, the French reinsurer, claimed that Allianz’s part of the settlement did not respect a reinsurance contract the two companies had.
More transactions and moves happened again in the last quarter of the year. Willis announced that it was leaving Bermuda in favour for Ireland. Hub bought the Mones & Associates Insurance Brokers from Aviva Canada. Kingsway sold its interest in Jevco and Ironshore announced its expansion into Canada.
What do you think about these, or any other, stories from 2009? Let us know – we’d like to hear what you think.
Some highlights from the last quarter of 2009:
Mergers, acquisitions and transactions
- Willis leaves Bermuda for Ireland
- IA buys mutual fund business from Vancity
- Hub buys Alberta brokerage from Aviva
- Kingsway to sell interest in Jevco
- Ironshore expands into Canada
- Marsh to acquire HSBC Insurance Brokers
Insurance industry news
- BCAA wins JD Power award
- Ontario cellphone ban starts on Oct 26
- Banks asked to stop online insurance sales
- Man tries to set himself on fire at SGI
- ICBC jury checking report released
- Aviva Community Fund
- BC cracks down on distracted driving
- BCAA appoints new President and CEO
- New ID theft laws passed
- Ontario proposes 40 auto insurance changes
- BCAA to close storefront travel operations
- List of 41 Ontario proposed changes
- Canadian Insurance Scholarship Program
- IBC comments on Ontario auto reforms
- Competition Bureau eyes real estate reform
- World Trade Center matter closed: Scor
- Ontario saw double-digit premium increases
- Woman loses benefits due to Facebook
- PIPP strengthened in Manitoba
- HST approved for Ontario, BC
- Canada’s most nervous winter drivers
- 2009 hurricane season calmest in 12 years
- Catastrophes cost $52 billion in losses
- Banks must respect Insurance Act
- Top ten stolen cars of 2009
- US could see division of banks, insurance
Liability and law
Spread The Word
6 Responses to "Year in review: 2009 Q4" 
|
said this on 17 Mar 2012 11:55:07 PM EDT
In general your OHIP ceagrvoe should be fine for a vacation to BC. Be advised though that Ambulance rides in BC are paid for by the rider and not your health plan.My father-in-law visited BC from Ontario a couple of years ago, took sick and needed an ambulance to the ER. Cost $300 out of his pocket.There is also the possibility that the fee schedules between Ontario and BC are different and if BC is more expensive for a certain medical service OHIP may only cover up to whatever their schedule pays.As an example suppose a chest x-ray in Ontario is $100 and in BC it's $150. If you needed a chest x-ray while in BC you might have to pay the extra $50.Call OHIP and talk to them just to make sure whether you'll be fully covered in BC. Better safe than sorry.
|
Author/Admin)|
said this on 26 Mar 2012 4:31:34 AM EDT
Paki, aunque con retraso, te comunico que todos los que lo solicist teis a trav s de los coemntarios est is admitidos/as
car insurance quotes auto insurance online |
|
said this on 31 Mar 2012 11:58:26 PM EDT
It is not required, as each province will pay for what happens in another, but….The scales of payment for each province differ. I had an accident in Saskatchewan once, and my Ontario insurance did not cover all the costs, so I had to pay. It was not a lot, but there were some costs. Where I live now (in Yukon) there is no hospital, only a nursing station. You are covered for health care, except if they have to fly you down to Whitehorse to the hospital. Yukon residents would be covered, but not those from other places. This could add quite a bit to the overall costs!So, in general, most things would be covered, but there are things that might not. You have to weigh the risks vs the costs. I’ve travelled across the country quite a bit, and have always opted not to get extra insurance. An insurance professional would advise it is a good idea!
over the counter viagra propecia and buy |
|
said this on 04 Apr 2012 5:14:18 AM EDT
In general your OHIP coverage should be fine for a vacation to BC. Be advised though that Ambulance rides in BC are paid for by the “rider” and not your health plan.My father-in-law visited BC from Ontario a couple of years ago, took sick and needed an ambulance to the ER. Cost $300 – out of his pocket.There is also the possibility that the fee schedules between Ontario and BC are different and if BC is more expensive for a certain medical service OHIP may only cover up to whatever their schedule pays.As an example – suppose a chest x-ray in Ontario is $100 and in BC it’s $150. If you needed a chest x-ray while in BC you might have to pay the extra $50.Call OHIP and talk to them just to make sure whether you’ll be fully covered in BC. Better safe than sorry.
cheapest viagra buy propecia from usa |
|
said this on 17 Apr 2012 12:36:25 AM EDT
They want to make sure that she has her own policy and is not using your car – and that you guys are lying about her use of the vehicle. Just give them the information and once they confirm she has a policy of her own on her own vehicle all will be fine.Otherwise, they will require she be listed on your policy as a driver. They do have the right to ask for this. Too many people have licensed drivers with bad driving records in their homes, provide cars for that bad driver’s use and never list the bad driver on the policy. You can thank all the dishonest people for causing the insurance company to not just take your word for it. Too many companies have been burned by that one.So – here are your choices, add her to your policy and pay the additional premium or get coverage with her company /her agent. Because just about any company is going to ask for proof of her insurance. if you don’t add her to the policy or provide the requested information – your company will probably non-renew your policy.
insurance auto cialis sales |