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Manitoba Public Insurance announces higher third party auto liability coverage, up to $10 million

February 27, 2017 by Canadian Underwriter

Manitoba Crown Services Minister Ron Schuler and Manitoba Public Insurance (MPI) announced on Monday that customers in the province will soon be able to purchase higher levels of third party liability insurance coverage. Effective March 1, new $7 and $10

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Supreme Court rules on admissibility of police drug recognition experts in criminal impaired driving trials

February 23, 2017 by Canadian Underwriter

An Ontario motorist charged with impaired driving is facing a third trial now that the Supreme Court of Canada has ruled that a judge did not have to hold a voir dire before admitting opinion evidence from a police drug

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Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year

February 22, 2017 by Canadian Underwriter

New survey findings indicate a disconnect between how many Canadian businesses have experienced fraud in the last year and the high level of confidence among business and C-suite executives regarding their ability to prevent such incidents. Half of the Canadian

News InsuranceLegal

ICBC launches education campaign on insurance fraud

February 21, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) announced on Monday that it has launched an education campaign aimed at helping to prevent insurance fraud. ICBC said in a statement that while most claims are honest, insurance industry studies estimate that

News InsuranceLegalTechnology

One in four U.S. consumers victim of healthcare data breach: Accenture

February 21, 2017 by Canadian Underwriter

Just over one in four consumers (26%) in the United States have had their personal medical information stolen from technology systems, according to results of a survey from Accenture released on Monday. The findings related to the U.S. portion of

News InsuranceLegalPersonal Lines

Wawanesa subsidiary Trimont Financial to acquire Western Financial Group and Western Life Assurance from Desjardins Group

February 16, 2017 by Canadian Underwriter

Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company, announced on Thursday that it will acquire Western Financial Group and Western Life Assurance (together as Western) from Desjardins Financial Corporation, a Desjardins Group subsidiary, for a total transaction

News InsuranceLegalLegislation / Regulation

Supreme Court of Canada will not hear appeal from municipality ruled negligent after cyclist breaks neck

February 16, 2017 by Canadian Underwriter

Canada’s highest court announced Thursday it will not hear an appeal from a municipality that was sued, under Ontario’s Occupiers Liability Act, by a cyclist who broke his neck after attempting to ride over an obstacle at an adventure park.

News CatastrophesCommercial LinesInsuranceLegal

DuPont, Chemours Company settle indemnification claims in US$671 million settlement related to U.S. environmental releases

February 15, 2017 by Canadian Underwriter

DuPont and the Chemours Company have announced a nearly US$671 million settlement agreement in connection with personal injury claims arising from environmental releases of perfluorooctanoic acid and its salts (PFOA) from the Washington Works plant in West Virginia. The Canadian

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Supreme Court of Canada hears appeal from auditing firm over $118-million judgement arising from Livent fraud

February 15, 2017 by Canadian Underwriter

If the Supreme Court of Canada upholds a Court of Appeal for Ontario ruling against Deloitte & Touche, corporate auditors “will be encouraged to resign an audit before they feel they can responsibly do so in order to minimize the

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Chubb expands global cyber facility with multi-line peril endorsements

February 14, 2017 by Canadian Underwriter

Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite

News InsuranceLegalLegislation / RegulationPersonal Lines

Intact, Allstate disagree on whether accident victims “principally dependent” on policyholder

February 13, 2017 by Canadian Underwriter

The Supreme Court of Canada will not hear an appeal over an arbitration ruling in an auto accident benefits priority dispute, where insurers disagreed on whether a claimant was “principally dependent” on the owner of a vehicle. Court records indicate

News Commercial LinesInsuranceLegal

Beazley launches entertainment, media liability coverages in Canada

February 13, 2017 by Canadian Underwriter

United Kingdom-based specialist insurer Beazley plans to expand the range of products available through its newly acquired Canadian operations with Monday’s announcement that it will offer television and film producers errors and omissions (E&O) coverage, as well as media liability