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Industry Briefs |
Lawyers want CMHC to drop title insurance
Lobbyists with the Federation of Law Societies of Canada
and the Canadian Bar Association are trying to persuade
the Canadian Mortgage and Housing Corp. to drop its
plans to include title insurance in its package for
people who buy its mortgage insurance.
The CMHC is the country’s largest mortgage insurer,
with almost 70 per cent of the mortgage insurance market.
Last year, it made $875 million on mortgage insurance.
The federally owned agency took in $1.1 billion in premiums
but paid out just $51 million in default claims.
The CMHC agreed to back off its plans to require title
insurance for its mortgage insurance clients, but the
federal housing minister wants the proposal to go ahead.
This decision by the CMHC will, in effect, open the
Canadian market outside Ontario to title insurance.
In Canada’s largest province, title insurance
has been a regular part of the real estate business
for the past decade. However, until now it has been
rarely used in Quebec and the rest of the country.
ICBC to keep auto premiums steady
Actuaries have told ICBC that a 4.2% increase on basic
auto premiums is justified due to an increase in claims
costs and a weaker investment earnings forecast in a
supplemental filing to its regulator, the B.C. Utilities
Commission.
However, ICBC has decided to keep current rates steady,
despite the actuarial advice.
Insurance woes on the Road to Nowhere
Municipal officials in Iqaluit, Nunavut are stepping
in to help a woman whose homeowner’s policy could
not be renewed.
Insurance for Doreen Barrieau’s home, provided
by Nunavut Insurance, expired in late October and the
insurer said it could not be renewed. Arctic Insurance
has also refused to do business.
Barrieau, who lives in the Road to Nowhere community,
says that snow is the main problem. Insurers said the
house was a high liability, because people could fall
off it. Snow piles up over three sides of her home during
the long winter and tends to stay until August.
Iqaluit, capital of Nunavut Territory, is only three
degrees of latitude south of the Arctic Circle.
According to Environment Canada, it receives about 260
cm (8-1/2 ft) of snow a year.
Air France crash figures in
The damages to Air France plane which crashed into a ravine
at Toronto’s Pearson Airport during an August thunderstorm
have finally been calculated.
The incident, a total loss though with no reports of serious
injury to the passengers or crew, is expected to cost
insurers about $230 million, according to a Guy Carpenter
report.
About $115 million is expected from claims for injuries
and lawsuits. The additional $115 million is the approximate
value of the plane itself.
Aviation insurance pool La Reunion Aerienne, consisting
of six international insurers, provided the hull and liability
coverage.
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  Check
Please...
by Todd Hochban
Legal
Briefs
When taking part in activities, we accept certain risks
that may cause us injuries. For example, when we are
spectators at hockey games, we accept the risk of pucks
flying over the boards.
In Unruh v. Webber the defendant injured the plaintiff
while playing hockey. The defendant checked the plaintiff
from behind, sending him into the boards. The defense
suggested that the plaintiff accepted the “risk
of injury” while playing hockey.
The British Columbia court ruled that the defendant
was responsible. The court indicated that the defendant
knew the check from behind was against the rules and
knew it to be dangerous. Even though the defendant did
not intend to injure the plaintiff, the check was intentional.
Mexico
Trip
from
ILS Learning Corporation
Completing
courses with ILS Learning Corporation has never been this
rewarding!
 We
would like to thank you, our loyal clients, for making ILS
Canada’s Number One online continuing education provider.
As a token of our appreciation, we are giving away an all-inclusive
trip for two to Puerto Vallarta, Mexico!
Every time
you complete an ILS Learning Corporation online course between
August 15, 2005 and December 12, 2005, you will automatically
be entered in a draw for the trip. The more courses you
complete, the better your chances of winning!
Education
really does have its rewards.
For more
information, check out our Web site: www.ilscorp.com
Feel
safe and secure with ILS payments Many people do
not feel comfortable giving out their personal information
over the telephone, let alone via the Internet. Giving out
credit card information can be rather frightening at the best
of times. But as e-commerce grows, the need for reliable and
secure Internet sites is being handled.
When you complete an online transaction with ILS Learning
Corporation, you need not worry about what's being done with
your information.
Visa and it's member banks have created "Verified by
Visa," a program which takes steps to ensure that your
personal credit information is handled properly and does not
fall into the hands of anyone who doesn't need to see it.
Visa says that this global program is "designed to help
make shopping online more secure for both consumers and merchants.
A Verified by Visa personal password you choose provides an
extra level of protection against unauthorized use of your
VISA card when you shop at participating online merchants.
By signing up for Verified by Visa, and shopping at Verified
by Visa enabled merchants, your VISA card can only be used
by you to make online purchases."
At times, you may need to present ILS with additional information,
such as the three numbers on the back of your credit card.
This code ensures that you have the card in your possession
and means that purchases cannot be made with just the card
number and expiry date. For example...if a credit card receipt
was to be misplaced.
Your privacy and security is very important to us and as an
added security step, ILS Learning Corporation does not keep
any of your credit card information on file.
Visit the Verified by Visa frequently
asked questions.
 Spotlight
on…Jon Chutter Growing
up in South Africa, Jon Chutter never had a clear idea of
what he wanted to be when he “grew up.” So, as
a young man, he decided to wing it and hopped on a mail ship
destined for the United Kingdom. Once there and needing work,
he found himself a job loading barrels of beer onto trucks.
“The company policy was that we could drink as much
as we wanted on the job, so long as we did our work,”
he says. “But bottles were breaking all around and we
were all walking ankle-deep in beer.”
Soon realizing that this might not be the ideal career for
him, Chutter looked elsewhere for work. Finally an opportunity
to join the insurance industry at the Royal Exchange Assurance
company in Tunbridge Wells, England presented itself. “I
thought insurance would be a dreadfully boring career,”
he says. “But I needed a job.”
Now, after a total of 48 years in the insurance business,
he hasn’t looked back.
His foray into insurance took him across the globe and exposed
him to many different people and cultures. His work with New
Africa Insurance Company, a subsidiary of Royal Exchange,
took him to Lagos, Nigeria and Freetown, Sierra Leone. After
a few years in Eastern Africa, he decided to move himself
and his family to Canada, where there were better educational
opportunities for his children.
Soon Chutter was working in Prince George, B.C., using the
skills he’d honed in Africa to continue to be a top
salesperson. His work here took him across northern Canada,
from Ashcroft to Whitehorse. After three years, he moved –
again – this time to Vancouver where he became a branch
manager for British Columbia and Yukon. Later, Ontario called
and Chutter worked in Hamilton and Toronto, where he was the
Vice President of Commercial Union. Finally, about two years
ago, Chutter left his last position with the HUB International
TOS Group due to health issues.
For a man who once thought a career in insurance would be
boring, Chutter now realizes how wrong he was. “The
insurance business was a wonderful experience for me. It was
a lovely career. I hit it lucky.”
Chutter’s officially retired and living in Vancouver,
where he spends his time keeping his body and mind fit. “If
you’re good in body, you feel good in soul,” he
says.
Don't
Forget…
… To send us your nominations of deserving people!
We’re looking to profile normal people who have done
something extraordinary. Maybe you have a coworker who deserves
some recognition for their volunteer work. Maybe there’s
another coworker who’s about to retire. Tell us about
them!
Send your nomination to us at newsletter@ilscorp.com
and keep your eyes peeled in upcoming issues of On Track to
read their stories.
Start sending in your nominations! Each time you nominate
someone, we’ll enter your name in a year-end draw for
a fantastic prize!
Did
you know…?
The following are real laws in the United
States!
In Iowa, kisses may last for as much as, but
no more than, five minutes.
In Louisiana, biting someone with your natural
teeth is "simple assault," while biting someone
with your false teeth is "aggravated assault."
In Massachusetts, mourners at a wake may not
eat more than three sandwiches.
In Illinois, it is illegal for anyone to give
lighted cigars to dogs, cats, and other domesticated animal
kept as pets.
In Alabama, it is illegal for a driver to be
blindfolded while operating
a vehicle.
In Florida, if an elephant is left tied to
a parking meter, the parking
fee has to be paid just as it would for a vehicle.
In North Dakota, beer and pretzels can't be
served at the same time in any bar or restaurant.
In Ohio, women are prohibited from wearing
patent leather shoes in
public.
In Tennessee, it is illegal to lasso a catfish.
In West Virginia, no children may attend school
with their breath smelling of "wild onions."
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