Archive for September, 2011

The 2011 Council for Disability Awareness Long-Term Disability Claims Review

Sep 25, 2011 | by Oscar Chalmers | No Comments »

Since 2005, the Council for Disability Awareness (CDA) has conducted a proprietary annual review of long-term disability claims among the U.S. working population. The 2011 CDA Long-Term Disability Claims Review summarizes quantitative and qualitative long-term disability insurance claims data from 2010 gathered from the annual CDA member Long-Term Disability Claims Survey. The report identifies continuing or emerging trends for the purposes of education, evaluation and use by interested audiences. Also included is selected worker disability data from the Social Security Disability Insurance (SSDI) program. Fourteen CDA member companies, representing roughly 75% of the commercial disability insurance marketplace, participated in the 2011 survey.

  • $8.3 billion in long-term disability insurance claim payments were made in 2010 by CDA member companies that participated in this year’s study. T

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Ontario declines to import U.S. Stonewall principle in a Canadian asbestos product liability case

Sep 23, 2011 | by Christopher Allen | No Comments »

2011-09-23

The Ontario Superior Court of Justice has declined to import the U.S. court’s Stonewall decision into an asbestos claims case launched in Ontario, meaning insurers are not the hook for asbestos claims made against Goodyear Canada after 1986, when insurance coverage for asbestos was no longer commercially available.
The so-called Stonewall principle is named after the 1995 U.S. case, Stonewall Insurance Company v. Asbestos Claims Management Corporation.
A U.S. court in Stonewall held that when allocating an asbestos-based claim for insurance purposes over a number of years of injury, the insured should not be deemed to self-insure for those years when the insured could not voluntarily insure itself because of the existence of an asbestos exclusion.

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PA Court Sides with Allstate in Underinsured Motorist Case

Sep 23, 2011 | by Stephen Murphy | No Comments »

A court in Pennsylvania has ruled that an exclusion in underinsured motorist coverage that applies to injuries that are incurred while riding a motorcycle is also applicable if the biker has been thrown from their vehicle.

Specifically, such coverage in an Allstate policy contained an exclusion for injuries that were received while operating a motorcycle and the court was asked what happened if the driver was thrown off the motorcycle and injured subsequently. Did the exclusion still apply?

The bikers attorney argued that since the motorcyclist was not actually on the vehicle at the time of injury, the exclusion shouldnt apply, but the court saw it differently. Instead, the court sided with Allstate in the lawsuit Allstate Fire and Casualty Insurance Company v.

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Talking Telematics with Insurance Times

Sep 23, 2011 | by Oscar Chalmers | No Comments »

There is an emerging trend in the car insurance industry.  One that is making me feel very excited about the future of motor insurance and one that is catching like wild fire since the ECJ ruling on gender-based pricing.  Over the past couple of years, I have been following a technology referred to as ‘Telematics’ with interest.  It is the technology behind all of the ‘pay as you drive’ insurance products cropping up in the market targeting young drivers and those of us who travel low annual mileage.  The “Black box” is here and I had the opportunity to share my thoughts with one of the insurance industry’s leading publications, Insurance Times.

Don’t think this excludes the car rental industry.  It already applies in the management of small and large fleets of vehicles and their drivers, but telematics is destined to play a bigger role in the car hire products we access.

 

My Question and Answer session, “Talking Telematics” with Saxon East, Assistant Editor, News for Insurance Times was published on 25th March 2011. It is Read more…

Getting Boat Insurance Online is Easy to Do and Can Provide You With Some Extra Benefits

Sep 22, 2011 | by Christopher Allen | No Comments »

Boat insurance is the only way to guard your boat and keep it from coming to any harm, either while on land or in the water, unless you just need to leave it in your garage and never take it anywhere, but that would be sort of purposeless. So for everyone who is basically planning on using their boats and enjoying them then they should have boat insurance to protect it.

Boat insurance can cover everything, from accidents that might happen on land when transporting the vessel for example, or running into rocks while out on the water, all the way up to burglary of the boat! It isn’t illegal to sail without it nevertheless it is highly recommended because otherwise you could finish up losing out, either by having a broken or damaged vessel or being put out of pocket by the cost of fixing it.

One of the popular places, and , the most common nowadays , is to get your boat insurance online. T

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