Topic
Legal
The Liability Line
September 30, 2014 Craig Harris, Freelance WriterCasualty premiums account for roughly 10 per cent of the overall insurance market in Canada. However, the severity of long-tail liability claims can put disproportionate pressure on adjusters to effectively manage and adjudicate losses. Key risks, such as asbestos and tobacco, have had a huge impact on insurance companies when it comes to reserving for future claims. What are the current risks that insurers and independent adjusters should have on their radar screen? And what emerging exposures may cross the liability line?
P3 and Potential Losses
September 30, 2014 Sean Forgie, national director, casualty/liability, major loss services, Cunningham LindseyHow the investigation of public-private partnership (P3) claims poses challenges for adjusters.
Missed Opportunity
September 30, 2014 Josiah T. MacQuarrie, lawyer, Dutton Brock LLPOntario Court of Appeal fails to clarify the duty to defend an additional insured.
Priority of Payment
September 30, 2014 Daniel Strigberger, partner, insurance litigation group, Miller Thomson LLPEstablishing a “nexus” or connection is key to finding out which insurance company pays, as one legal case shows.
The Related Claim
September 30, 2014 Jared D. Epp, lawyer, Robertson Stromberg LLPA single related claim must involve analysis of specific facts around each allegation and cause of action.
CN says 17 rail cars carrying peas derail in east central Alberta, no injuries
September 26, 2014 THE CANADIAN PRESSVERMILION, Alta. – Canadian National Railway freight train cars have derailed in east central Alberta. CN says 17 freight cars carrying peas derailed Thursday night east of Vermilion. Jim Feeny, a CN spokesman, says there were no injuries and there…
Chrysler recalling nearly 350,000 vehicles; faulty ignition switches could shut down engines
September 25, 2014 THE ASSOCIATED PRESSDETROIT – Chrysler is recalling nearly 350,000 older model cars and SUVs in the United States, Canada, Mexico and elsewhere to fix ignition switches that could unexpectedly shut off their engines. The recall covers 2008 Jeep Commander and Grand Cherokee…
Judge: Businesses don’t have to give back BP oil spill payouts; BP claimed overpayments
September 25, 2014 Janet McConnaughey and Jonathan Fahey, THE ASSOCIATED PRESSNEW ORLEANS – A federal judge has ruled that BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated. BP argued that…
Quebec considering more demerit points for drivers caught texting in their cars
September 25, 2014 THE CANADIAN PRESSQUEBEC – Quebec Transport Minister Robert Poeti is considering tougher sanctions against drivers who are caught texting, including hitting them with four demerit points. Currently, Quebec motorists caught texting can lose three points and be fined up to $100. Poeti…
Insurance firms facing ‘a lot more disciplinary action at the provincial level,’ lawyer warns
September 24, 2014 by Canadian UnderwriterOTTAWA — Canadian insurers and agents are encountering “more frequent use” of fines by provincial regulators, the federal regulator will be exploring the risks associated with cloud computing and the recent leak of nude photos of celebrities using Apple Inc.’s…
Cargo theft a hit to Canadian economy, security: fraud forum
September 24, 2014 Angela Stelmakowich, EditorCargo theft is not simply about stolen goods – affecting an individual load or a particular company – but extends beyond that to adversely influence the economy as a whole, Richard Dubin, vice president of investigative services for the Insurance…
15% rate reduction in Ontario auto not doable, IBC exec says
September 23, 2014 Harmeet Singh, Online EditorOTTAWA – The Ontario government’s target of a 15% reduction in auto insurance rates is “absolutely not” doable, the Insurance Bureau of Canada’s vice president of policy development said Tuesday during the National Insurance Conference of Canada. “Absolutely not, and…