Canadian Underwriter

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Legal


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Quebec Appeal Court decision may jeopardize protection offered by province’s no-fault auto regime: Lloyd’s

January 24, 2011 by Canadian Underwriter

Lloyd’s of London, an insurer for the City of Westmount in Quebec, is seeking leave to appeal to the Supreme Court of Canada in the case of Rossy v. The City of Westmount.“Lloyd’s of London considers that the narrow approach

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New Brunswick Appeal Court orders province’s insurance board to re-hear rate application

January 24, 2011 by Canadian Underwriter

New Brunswick’s Court of Appeal has ordered the New Brunswick Insurance Board to re-hear an auto rate application submitted by Pembridge Insurance Company in 2009, based on the fact that the board failed to provide reasons for its rate-setting decision.The

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U.S. securities litigation activity sets new precedent in 2010: Advisen

January 21, 2011 by Canadian Underwriter

Last year saw 1,196 securities law suits filed, a new record edging out 2009’s 1,171 suits filed, reported Advisen. “No one event accounted for the record level of securities suits filed in 2010,” said John W. Molka III, the author

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SGI clarifies “misconceptions” arising from Privacy Commissioner’s report

January 20, 2011 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) has issued a public statement clarifying “misconceptions” that the insurer says have arisen based on the findings of a recent Privacy Commissioner report, as reported in Canadian Underwriter’s online news on Jan. 14. In its report,

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Full disclosure necessary when payments made to property managers for insurance placement: BC Insurance Council

January 18, 2011 by Canadian Underwriter

The Insurance Council of British Columbia is reminding insurance agents that any payments made to a property manager of a condo building or other third party must first be disclosed to the strata corporation.A strata corporation is a legal entity

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Nova Scotia launches Web page to solicit public opinion on Auto Insurance Review

January 17, 2011 by Canadian Underwriter

The Government of Nova Scotia has launched a new Web site soliciting input from the public as part of its Auto Insurance Review.“We want to make sure that the voice of auto insurance consumers is heard,” said Graham Steele, minister

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Risk managers should become more involved in understanding digital risks: Lloyds

January 14, 2011 by Canadian Underwriter

Risk managers need to better understand how digital risks might affect their organizations and what they can do to mitigate them, according to a Lloyd’s 360 Risk Insight report.“Digital risks,” in this context, refers to the effects of natural disasters

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Privacy Commissioner reaches impasse with SGI over collection of health information under province’s Insurance Act

January 14, 2011 by Canadian Underwriter

The Office of the Information and Privacy Commissioner in Saskatchewan says it has reached an impasse with Saskatchewan Government Insurance (SGI) over three ‘breach of privacy’ complaints related to the collection of personal health information under the Automobile Accident Insurance

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Change in occupation test not enough to overturn arbitrator’s order to pay IRB benefits

January 11, 2011 by Canadian Underwriter

A change in the occupation test for determining Income Replacement Benefits (IRB) before and after a 104-week period of disability is not necessarily enough of a “change” of circumstances to warrant overturning an arbitrator’s order to pay IRB benefits.Ontario’s insurance

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B.C. broker fined $1,000 for accidentally disposing of client documents in condo recycling bin

January 7, 2011 by Canadian Underwriter

A B.C. broker has been fined $1,000 by the Insurance Council of B.C. for accidentally pitching his clients’ insurance records into the recycling bin of his residential condo unit instead of taking them back to his office to be shredded,

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Split board on pallet in Superstore results in $48,513 trip-and-fall award

January 7, 2011 by Canadian Underwriter

Risk managers for company superstores will want to make sure their companies check the repair of pallets that display store stock in the middle of their aisles, following a recent B.C. Supreme Court decision in Etson v. Loblaw Companies Ltd.A

News InsuranceLegalMergers and Aqcuisitions

Alberta doubles threshold for reporting vehicle collisions

January 6, 2011 by Canadian Underwriter

Alberta has doubled the amount of property damage that must be sustained before requiring a motorist to report a vehicle collision to a peace office.Motorists must now report damages exceeding $2,000 instead of $1,000.The change came into effect on Jan.