Canadian Underwriter

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Legal

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Municipality of North Perth, OPP and Trillium Mutual Insurance join forces on reducing auto thefts

June 27, 2017 by Canadian Underwriter

Ontario’s Municipality of North Perth, Perth County Ontario Provincial Police (OPP) and Trillium Mutual Insurance have joined resources to help reduce auto thefts in the area. The Municipality of North Perth, located west of Toronto, said in a press release

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Air bag maker Takata bankruptcy expected Monday in Japan, U.S.

June 26, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Takata was done in by defective air bag inflators

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Getting Realistic

June 23, 2017 Sandra Weber, Partner; and Colin Flynn, Associate, McLennan Ross LLP

A recent ruling by Alberta’s Court of Appeal, finding insurers are not guarantors of construction, could have an impact on insurers facing large claims for pre-existing deficiencies or long-standing building code infractions revealed by inspections after damage from an insured peril. Does the reasoning mean insurers in Alberta no longer need to pay for deficiencies never realistically contemplated as being part of the insured risk?

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Legalizing recreational marijuana linked to increased crashes: U.S. Highway Loss Data Institute

June 23, 2017 by Canadian Underwriter

Legalizing recreational marijuana use in Colorado, Oregon and Washington has resulted in collision claim frequencies that are about 3% higher overall than would have been expected without legalization, according to a new analysis from the Highway Loss Data Institute (HLDI).

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Saskatchewan police report more than 320 impaired driving offences in May traffic safety spotlight

June 22, 2017 by Canadian Underwriter

During the same month it released its awareness campaign on impaired driving, Saskatchewan Government Insurance (SGI) has reported 324 impaired-driving related offences during May’s traffic safety spotlight – “another reminder of why such campaigns are needed.” Last month, police reported

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Retailers could lose US$71 billion from fraudulent card-not-present transactions in next five years: Juniper

June 21, 2017 by Canadian Underwriter

A number of factors, including click-and-collect fraud, have been identified as contributing to Juniper Research’s forecast that retailers stand to lose US$71 billion globally from fraudulent card-not-present (CNP) transactions over the next five years. Part of a new research issued

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Foreign cyberthreat to Canadian elections increasing, spy agency warns

June 21, 2017 Lee Berthiaume and Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada’s electronic spy agency issued a stark warning Friday that online attempts to influence or undermine the country’s electoral process are on the increase – and steps must be taken to counter the efforts. Foreign Affairs Minister Chrystia

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Experts: Takata bankruptcy means air bag victims get less

June 20, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and

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Negligence finding against brokerage arising from denied commercial fire claim overturned

June 20, 2017 by Canadian Underwriter

Marsh Canada Ltd. was not contributorily negligent after a fire claim filed by a Halifax pub owner was denied by its Lloyd’s insurers because the property was neither sprinklered nor made of masonry, contrary to a statement on the insured’s

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One in five fatal road crashes in Ontario involves a transport truck: provincial police

June 20, 2017 by Canadian Underwriter

One in five fatal road crashes in Ontario between 2012 and 2016 involved a transport truck, the Ontario Provincial Police (OPP) reported late last week. Among the 1,342 fatal motor vehicle collisions on OPP-patrolled roads between 2012 and 2016, 266

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Canada second most expensive country for data breaches: IBM and Ponemon Institute study

June 20, 2017 by Canadian Underwriter

Canada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday,

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Loader truck operator who tested positive for cocaine not fired due to addiction: Supreme Court of Canada

June 16, 2017 by Canadian Underwriter

A coal mining company that fired an employee who tested positive for cocaine after an accident did not violate the Alberta Human Rights Act, the Supreme Court of Canada ruled in a divided decision released Thursday. Court records indicate that