Topic
Legal
Liquor Liability
November 30, 2014 Lorne Folick, founding partner; and Jessica Hanbidge, lawyer, Dolden Wallace Folick LLPSome key concepts every adjuster and claims examiner should know when confronted with alcohol-related claims.
Condo Coverage
November 30, 2014 Insurance Institute of CanadaParsing the Property Policy
Doubled up on different strokes
November 30, 2014 Insurance Institute of CanadaFor some losses, both the condo corporation’s insurance and the condo owner’s insurance will need to respond. If the condo owner has coverage from the same carrier that the condo corporation uses, this can smooth the claims settlement and coordination…
Ontario government proposes restrictions on rebranding irreparable vehicles, expansion of police impoundment power
November 28, 2014 by Canadian UnderwriterThe Ontario government is targetting fraudsters who illegally rebuild and sell vehicles written off after collisions in omnibus legislation that also proposes to increase fines for distracted driving and to give police the power to impound a vehicle if a…
Bill C-3 proposes to have feds ‘undertake regular assessments’ of aviation war risk market
November 28, 2014 by Canadian UnderwriterA bill currently before a Senate committee would, if passed into law, allow the Canadian government to provide war risk liability coverage to airlines and other aviation firms, on short notice, if such coverage is not available through the commercial…
Challenges remain to align risk management frameworks, culture and talent: Deloitte Global
November 28, 2014 by Canadian UnderwriterFinancial services organizations are still struggling to align risk management frameworks with their organization, culture and talent to achieve change, notes a report issued this week by Deloitte Touche Tohmatsu Limited (Deloitte Global). Findings detailed in Risk, Culture and Talent…
Detection of information security breaches drops in Canada, PwC says
November 27, 2014 by Canadian UnderwriterThe detection rate for information security breaches among Canadian businesses has dropped 15% since last year, according to a new report from PwC. Globally, the number of reported information security incidents around the world rose 48% to 42.8 million, the…
Transportation Safety Board says feds not doing enough to enforce safe transport
November 27, 2014 Bruce Cheadle, THE CANADIAN PRESSOTTAWA – The Transportation Safety Board says the federal government isn’t doing enough to enforce proper safety practices by Canada’s railways, airlines and marine operators. The board, which investigates transport accidents and makes recommendations for improvement, released its 2014 watch…
U.S. agency threatens fines, legal action against air bag maker for balking at national recall
November 26, 2014 Tom Krisher, THE ASSOCIATED PRESSDETROIT – A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver’s side air bag inflators are defective and agrees…
Home Depot faces dozens of lawsuits over data breach that hit debit and credit cards
November 25, 2014 Tom Murphy. THE ASSOCIATED PRESSHome Depot faces at least 44 lawsuits in the United States and Canada over a massive data breach earlier this year that affected 56 million debit and credit cards. The nation’s biggest home improvement retailer said Tuesday in a regulatory…
U.S. safety agency tells Chrysler to speed up Jeep recall; gas tanks can rupture in crash
November 21, 2014 Tom Krisher, THE ASSOCIATED PRESSDETROIT – The nation’s auto safety agency is telling Chrysler to speed up a recall of 1.5 million older Jeeps with gas tanks that can rupture in a rear collision. The National Highway Traffic Safety Administration sent a letter to…
U.S. senators pound executives, but get no clear answer on safety of automotive air bags
November 21, 2014 Tom Krisher and Marcy Gordon, THE ASSOCIATED PRESSWASHINGTON – There were apologies and long-winded explanations, but after nearly four hours of testimony about exploding Takata air bags, senators never got a clear answer to the question most people have: whether or not their cars are safe. During…