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Desjardins revises data theft impact numbers, says 4.2 million affected

November 1, 2019 by Julien Arsenault - THE CANADIAN PRESS

MONTREAL – The Desjardins Group data theft is much more widespread than first thought and actually hit 4.2 million members, the banking co-operative’s chief executive said Friday. Guy Cormier told a news conference the revised number – which represents the

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The ‘interpretative stumbling block’ in figuring out whether off-road vehicle accidents are insured

October 31, 2019 by Greg Meckbach

Confused about whether Ontario accident benefits applies if your client has an out-of-province accident involving a dirt bike or all-terrain vehicle? The Court of Appeal for Ontario tried to address this confusion in Benson v. Belair Insurance Company. If an

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What stops this insurer from measuring effectiveness of winter tires

October 29, 2019 by Greg Meckbach

More than half a million Manitoba motorists are taking advantage of a winter tire financing program, but the jury is still out on whether the program has reduced accident frequency or severity. There are about 580,000 registered passenger vehicles in

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How B.C. plans to address nat cat risk management

October 29, 2019 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – The challenges of preventing and responding to devastating wildfires and floods in British Columbia and the prospect of more disasters to come has prompted the government to reassess its emergency management laws. The Emergency Program Act needs to

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$2.2-million credit score class action settlement with The Personal approved

October 28, 2019 by Greg Meckbach

A $2.2 million settlement of a class-action privacy lawsuit against The Personal has been approved by a judge, plaintiffs’ law firm Waddell Phillips Professional Corporation announced Monday. The lawsuit arose after The Personal asked some auto claimants if it could

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Final pieces of storm toppled crane removed off top of Halifax building

October 28, 2019 by THE CANADIAN PRESS

HALIFAX – The final pieces of a crane that collapsed onto a building in Halifax last month, during post-tropical storm Dorian, have been removed. A government release says the pieces that were lying on the top storey of the Olympus

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What surprised forensic engineers about massive Toronto propane explosions

October 24, 2019 by Greg Meckbach

After the deadly Sunrise Propane explosions caused a massive evacuation in north Toronto, the central focus of regulators came as a surprise to some engineers who investigate such disasters. Pumping propane from one truck to another was identified as a

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Take-up rates low in this line of commercial insurance: Lloyd’s

October 22, 2019 by Greg Meckbach

Is your client’s loss of income covered if the business got interrupted because of a catastrophe that hit a supplier? That depends on what the policy says and whether the client actually bought contingent business interruption (CBI) insurance. And these

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Investigation continues after van dragged pedestrian several blocks

October 21, 2019 by THE CANADIAN PRESS

VANCOUVER – A 24-year-old woman must undergo multiple surgeries to reconstruct her face after a van dragged her for several blocks in downtown Vancouver last weekend An online fundraising page for the woman, only identified as Desiree, says doctors at

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Supreme Court of Canada mulls liability for reputational harm from tainted meat

October 17, 2019 by Greg Meckbach

If a restaurant loses business because it served meat from a batch later discovered to be unsafe, is the supplier of that meat liable, in tort, to the restaurant for its economic loss due to a tarnished reputation? That question

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Flood risk in southwestern Ontario: It’s not just rainfall…

October 16, 2019 by Greg Meckbach

Higher-than normal levels on the Great Lakes are increasing water damage risk in Windsor, Ont., which was hit two years ago with flooding that cost the industry more than $100 million. “We are well above where we typically are for

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The enemy within

October 12, 2019 by Dr. Dexter Morse, Director, Insurance & Risk Management, International Air Transport Association (IATA)

Rogue employees may be plotting ways to cause damage to your clients’ business. How to advise your clients on managing the risk