Topic
Legal
Marketplace
June 1, 2013 by Canadian UnderwriterCANADIAN MARKET Travelers to acquire The Dominion Travelers Companies Inc. has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited for about $1.1 billion in cash, subject to adjustment. The transaction is expected to…
Newfoundland appeal court rules insurer doesn’t have duty to defend in ATV accident case
May 31, 2013 by Canadian UnderwriterThe Newfoundland and Labrador Court of Appeal recently ruled that The Dominion General Insurance Company of Canada does not have a duty to defend a homeowner policyholder who is being sued in connection with an all-terrain vehicle accident. However, The…
NICB, Oklahoma insurance department work to prevent fraud as 23,000 claims filed in state after tornado
May 31, 2013 by Canadian UnderwriterThe National Insurance Crime Bureau is working with Oklahoma’s state insurance agency to educate residents about fraud, after about 23,000 claims have been filed following devastating tornadoes and storm events earlier this month. The Oklahoma Insurance Department, which oversees the…
History in the Making
May 31, 2013 byA Saskatchewan court ruled against Zurich Life Insurance and American International Group, assessing one of the largest punitive damages award in Canadian history
Quantifying Income Loss
May 31, 2013 byAssessing the income lost by a personal injury victim depends on whether the casualty is self employed, in which case assessing the loss becomes a lot more complicated. An expert on insurance litigation for Matson, Driscoll & Damico gives some guidance
MIG: Gone with the wind?
May 31, 2013 Kadey B.J. Schultz, Jason Frost and Joy StothersIn a ruling in favour of Lenworth Scarlett, an arbitrator for the Financial Services Commission of Ontario released the first decision in consideration of the Minor Injury Guideline (MIG) of the province’s automobile insurance regulation.
When Children are Involved
May 31, 2013 Christine L. Stewart and Max R.S. HuftonIn negligence lawsuits, acts and omissions of adults are subject to an objective standard of care but establishing tort liability for children is a grey area
B.C. judge quashes order requiring insurer to review all credit score consent forms obtained since 2004
May 30, 2013 by Canadian UnderwriterA British Columbia court ruled last week in favour of Economical Mutual Insurance Company when it set aside orders from the province’s Information and Privacy Commissioner that would have required the carrier and its brokers to review all credit score…
Marsh Canada offers clients access to cargo theft analytic tools
May 30, 2013 by Canadian UnderwriterMarsh Canada is the latest company to join the CargoNet and National Equipment Register (NER), efforts aimed at preventing cargo and heavy equipment theft and improving theft recovery rates. Marsh’s clients will now have access to CargoNet and NER’s data…
Arrests made in west-end Toronto alleged staged auto-collision
May 30, 2013 by Canadian UnderwriterFour individuals have been arrested and charged after they allegedly participated in a staged auto collision in the city of Toronto’s west-end. The alleged staged collision involved two vehicles in January 2012 at an intersection in the Etobicoke district of…
Ontario judge orders part of defence statements be removed in case against auto insurance agents
May 29, 2013 by Canadian UnderwriterAn Ontario court has ordered that two paragraphs be expunged from a statement of defence filed by Allstate agents being sued by a policyholder who alleges they failed to advise him of the option of purchasing more than $1 million…
NY regulator requires insurers to provide information on their cyber security policies
May 29, 2013 by Canadian UnderwriterThe New York government is asking some insurers that operate in the state what steps they take to protect their clients and themselves from cyber threats. On Tuesday, the Department of Financial Services (DFS) sent “308 letters” to large insurance…