Topic
Legal
B.C. insurance regulator fines unlicensed vehicle warranty seller $10,000 for breaching a cease and desist order
July 27, 2012 by Canadian UnderwriterB.C.’s Financial Institutions Commission (FICOM) has fined Sea Won Pak (Steven Park) $10,000 for selling auto protection warranties despite not being licensed to sell insurance and in breach of a March 2012 cease and desist order. In an order posted…
Sunrise Propane explosion in Toronto causes more than $25 million in property damage: lawsuit
July 26, 2012 by Canadian UnderwriterThe law firms representing plaintiffs in an action arising out of a deadly propane explosion in Toronto four years ago report the blast caused more than $25 million in property damage. One employee and an emergency responder died following the…
Insurer cannot pro rate attendant care based on economic loss: Ontario Court
July 26, 2012 by Canadian UnderwriterAn Ontario Superior Court judge has held that an insurer cannot take a proportional approach to the payment of attendant care benefits based on the extent of the economic losses suffered. In Henry v. Gore Mutual Insurance Company, the insurer…
Court rejects MPI’s motion to dismiss a 13-year-old claim for delay
July 25, 2012 by Canadian UnderwriterManitoba’s Court of Queen’s Bench has allowed a claim against Manitoba Public Insurance (MPI) to proceed despite the fact that the claim has been delayed since 1998, when the action was first launched. The claim is related to an incident…
Federal government should reduce government, public exposure to financial risks from marine spills
July 24, 2012 by Canadian UnderwriterThe British Columbia government wants Ottawa help reduce government and public exposure to financial risks associated with marine spills. The call was made as part of the B.C. government’s ongoing participation in the Joint Review Panel’s monitoring of the Northern…
Saskatchewan City Mayors’ Caucus calls on the Government of Saskatchewan to consider photo radar
July 24, 2012 by Canadian UnderwriterThe Saskatchewan City Mayors’ Caucus (CMC) has requested that the Government of Saskatchewan consider introducing photo radar within the province. Specifically, a CMC letter requests that the provincial government initiate a photo radar pilot project on the section of the…
Exploit kits, traffic direction systems cited as Top 2 emerging online threats
July 23, 2012 by Canadian Underwriter‘Exploit kits’ — basically, malware in a box — and traffic directions systems are listed as the Top 2 emerging online threats by Trend Micro, a provider of cloud computing and Internet security systems. Trend Micro senior threat researcher Paul…
European high court rules that flight cancellation insurance cannot be included automatically in the price of airfare
July 20, 2012 by Canadian UnderwriterCompanies selling air travel tickets online cannot automatically include cancellation insurance with the airfare, the Court of Justice of the European Union has ruled. “‘Optional price supplements’ relating to additional services which are not compulsory must be communicated clearly at…
Hackers step up their attacks against small businesses: Symantec
July 19, 2012 by Canadian UnderwriterHackers are increasing their attacks on smaller enterprises with fewer than 250 employees, Symantec Corp. (Nasdaq: SYMC) announced in its June 2012 Symantec Intelligence Report (ISTR). The report shows that 36% of all targeted attacks (58 per day) during the…
B.C. court distinguishes between a “driver training event” and a “contest, show or race”
July 19, 2012 by Canadian UnderwriterA British Columbia court has determined the owner of a Corvette is entitled to insurance coverage after he severely damaged the car during an event the judge described as “driver training event,” as opposed to a “contest, show or race,”…
Insurance required for motor assisted scooters with pedals removed: B.C. court
July 18, 2012 by Canadian UnderwriterA British Columbia judge has dismissed appeals by a scooter rider convicted of driving without a licence or insurance, but suggests that provincial rules governing motor assisted cycles (MACs) could benefit from a review. British Columbia’s Motor Vehicle Act (MVA)…
Man in default of auto accident judgments cannot challenge their validity in follow-up actions to recoup amounts: court
July 16, 2012 by Canadian UnderwriterA man in default of two court judgments ordering him to pay a total of $80,000 in damages to two injury victims in a 1992 auto accident is not entitled to challenge the validity of those judgments in subsequent actions…