Canadian Underwriter

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Legal


Feature Claims CanadaLegal

Green Energy

September 30, 2011 Allison Klymyshyn

An Emerging Insurance Issue

Feature Claims CanadaLegal

On The Scene

September 30, 2011 by

FirstOnSite has expanded its Ontario management team with three new appointments. Steve Gregg is now district manager of the GTA. In this role, he will oversee the operations and service delivery of several FirstOnSite locations across Southern Ontario. Jim Mandeville

Feature Claims CanadaCommercial LinesLegal

WICC Ontario Golf

September 30, 2011 by

More than 220 golfers attended the 12th annual WICC Ontario Golf Tournament on July 11 at Angus Glen Golf Club in Markham, Ont. Attendees enjoyed a barbeque lunch, silent auction, raffle and dinner. A WICC cheque for $250,000 was presented

Feature Claims CanadaCommercial LinesLegal

Winmar Toronto/Brampton and Gilbertson Davis Emerson boat cruise

September 30, 2011 by

More than 150 guests boarded the Yankee Lady III for a four-hour tour of the Toronto harbour. The third annual event, co-sponsored by Winmar Toronto/Brampton and Gilbertson Davis Emerson LLP, raised $5,000 for Kerry’s Place Autism Services. The cruise, held

News InsuranceLegal

Insurers leaving “hundreds of millions” on the table by not pursuing subrogation claims

September 29, 2011 by Canadian Underwriter

Insurers need to consider potential indemnity and not just costs in deciding whether to pursue subrogation claims, according to panelists at the National Insurance Conference of Canada (NICC).Subrogation is a term used when an insurer tries to recover costs it

News InsuranceLegal

Class action lawsuit certifications on the rise

September 28, 2011 by Canadian Underwriter

Certification of class action lawsuits is on the increase, raising tactical questions about whether defendant insurers should even bother fighting certification, or simply fight the good fight at trial. Laura Cooper, partner at Fasken Martineau, discussed class action statistics and

News AssociationsInsuranceLegalMergers and Aqcuisitions

Auto theft being used to fund terrorist activity: IBC

September 26, 2011 by Canadian Underwriter

Evidence suggests auto theft in Canada is being used to fund international terrorist activities, Rick Dubin, vice president of investigative services at the Insurance Bureau of Canada (IBC), told delegates of the National Insurance Conference of Canada (NICC). Although auto

News InsuranceLegalMergers and Aqcuisitions

IBAO pushes for administrative monetary penalties in Ontario

September 22, 2011 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) is urging the Financial Services Commission of Ontario (FSCO) to include administrative monetary penalties (AMPs) in the Insurance Act.Currently, FSCO can issue a cease and desist order, often in conjunction with an undertaking

News InsuranceLegal

Proof of mental anguish enough to sustain third party actions in privacy breach

September 21, 2011 by Canadian Underwriter

Victims of a privacy breach may no longer have to rely on proving economic loss as a result of the privacy breach to sustain a third party action. They can also show the breach caused mental anguish.Aaron Konarsky, director of

News InsuranceLegal

Model proposed for regulating insurance securitizations in Canada

September 21, 2011 by Canadian Underwriter

Assuming insurance-linked securities (ILS) ever take off in Canada, the country will need to develop a regulatory regime to accommodate them, according to an article in the Q2-2011 MSA/Baron Outlook Report.The article, written by Robert McDowell and Koker Christensen of

News InsuranceLegal

Causal link for SEC to go after Canadian companies is “minute”

September 20, 2011 by Canadian Underwriter

Regulators around the world are cracking down on corrupt practices, putting companies at increased risk of “crippling” prosecution and, in some situations, the causal link between a company and the claim need only be minute for a foreign regulator to

News InsuranceLegal

Ontario court criticizes insurer for not inspecting fine art collection prior to binding coverage in fire case

September 14, 2011 by Canadian Underwriter

The Ontario Superior Court of Justice ruled against awarding punitive damages against Chubb Insurance Company of Canada in a case involving the destruction of a high-end art collection in a 1997 fire. In doing so, however, the court ruling took