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Canadian securities regulators look for improved disclosure of executive compensation

November 22, 2010 by Canadian Underwriter

Canadian securities regulators are seeking public comment on proposed rule changes that would enhance the quality of disclosure of executive compensation.“The proposals clarify existing requirements and introduce new substantive requirements to enhance the quality of information disclosed by public companies

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B.C. Insurance Council places restrictions on SSEI Insurance Agency, suspends license of its sole officer and director

November 22, 2010 by Canadian Underwriter

The Insurance Council of British Columbia has placed conditions on the license of SSEI Insurance Agency and suspended the license of its sole officer and director, Nicholas Di Perno, pending an investigation of misconduct allegedly occurring at the sports and

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Ontario arbitrator orders claimant to produce insurer with two years’ worth of medical, prescription records in non-earner benefits case

November 18, 2010 by Canadian Underwriter

An Ontario arbitrator has ordered a claimant to provide his insurer, Aviva Canada, with two years’ worth of medical and prescription records in a non-earner benefits case.This is one year beyond the standard practice of requiring production of only one

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IBC applauds feds for auto theft legislation

November 18, 2010 by Canadian Underwriter

Insurance Bureau of Canada (IBC) is applauding the federal government for passing Bill S-9, known as the Tackling Auto Theft and Property Crime Act. “IBC has worked tirelessly with our partners in law enforcement and with key members of Parliament

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Newfoundland and Labrador enacts new impaired and distracted driving laws

November 17, 2010 by Canadian Underwriter

The Government of Newfoundland and Labrador has recently enacted its new impaired and distracted driving laws.The legislative changes authorize police to use traffic safety stops as a means of determining whether drivers are impaired, driving while suspended or driving without

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“Pollution exclusion” applies to home-heating fuel oil tank leak: B.C. Supreme Court

November 16, 2010 by Canadian Underwriter

The B.C. Supreme Court has upheld a “pollution exclusion” in a residential property damage case, in which an above-ground storage tank for home-heating fuel oil leaked and damaged the insured’s vacation home.In Corbould v. BCAA Insurance Corporation, the insured’s property

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B.C. Court reaffirms validity of amending fundamental contract terms by way of endorsement

November 16, 2010 by Canadian Underwriter

A British Columbia Supreme Court decision in January 2010 has reaffirmed the validity of amending the fundamental terms of a marine insurance contract by an endorsement, according to an article published by Borden Ladner Gervais LLP.In the article, Beware of

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Lloyd’s report explores links between electro-magnetic field (EMF) exposure and asbestos exposure

November 15, 2010 by Canadian Underwriter

A “large bulk” of scientific evidence shows exposure to electro-magnetic fields (EMF) from mobile phones does not cause cancer, although not enough long-term data is available to rule out the risk conclusively, Lloyd’s of London says in a November 2010

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Ontario class action defendants able to “get out early”

November 15, 2010 by Canadian Underwriter

*** CORRECTION***This item corrects an item posted on Nov. 12, 2010. In the original item, an error was made in the first paragraph, and should have said that plaintiffs must show a cause of action against the defendants named in

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Ontario’s loss transfer rules can apply to accidents, insurers outside Canada: Appeal Court

November 11, 2010 by Canadian Underwriter

Ontario’s loss transfer rules can apply to an insurer with operations in the United States in relation to a loss that occurred in the United States, Ontario’s Court of Appeal has ruled in a brief endorsement.In Primmum Insurance Company and

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Attendant phone care not the same as custodial care

November 11, 2010 by Canadian Underwriter

Attendant care provided over the phone is becoming increasingly common, but this is not the same level of care as custodial care, cautions Phillipa Samworth, partner at Dutton Brock. “This is what I call ‘phone sex’ attendant care,” she said,

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B.C. Appeal Court upholds arbitrator’s definition of ‘roadworthy’

November 10, 2010 by Canadian Underwriter

A British Columbia arbitrator’s definition of “roadworthy” has withstood a challenge at the B.C. Court of Appeal, in a case in which the province’s auto insurer revoked its accredited status of a collision repair shop.The Insurance Corporation of B.C. (ICBC)