Topic Legal
Letter to the editor: Best Terms — the buyer’s point of view
February 26, 2021 by BC Risk & Insurance Manager’s AssociationTo the Editor, We would like to respond to your editorial titled “Regulators, leave subscription policies alone,” dated Dec. 7, 2020. It is true that these are turbulent times in the insurance market, and that insurers have been experiencing losses…
When Economical plans to hold final demutualization vote
February 25, 2021 by Greg MeckbachAn all-policyholders’ vote on demutualization is scheduled this spring, Economical Insurance announced this week. “The process for getting this meeting on the calendar is on track,” said John Bowey, chairman of Waterloo, Ont.-based Economical, in an update posted Feb. 22…
Why business interruption lawsuits against Aviva got ‘carved off’ from Ontario class action
February 23, 2021 by Greg MeckbachAviva Canada is facing two proposed class-action lawsuits in Ontario from clients whose business interruption claims were denied during the ongoing pandemic. Allegations that Aviva has breached insurance contracts by denying BI claims have not been proven in court. Nordik…
Trial date delayed in $300-million banker’s commercial coverage dispute
February 22, 2021 by Greg MeckbachA trial in an Ontario coverage dispute lawsuit, on a Big 5 bank’s $300-million commercial claim, is being pushed back from its originally-scheduled start date of Sept. 13, 2021. Toronto Dominion Bank is suing a group of insurers, including six…
Why a $10-million limit did not apply to mitigation of loss in this professional liability policy
February 22, 2021 by David GambrillB.C.’s Court of Appeal recently confirmed that a $10-million coverage limit did not apply to mitigation of loss coverage in a professional liability insurance policy, in part because the policy grouped mitigation of loss coverage together with other types of…
Canada’s hardest-hit commercial lines — and a reason for optimism
February 18, 2021 by David GambrillCommercial lines market hardening in Canada — and globally — should continue through the early half of 2021, with some possible easing of rate increases during the second half of the year once vaccine rollout is widespread, an Aon report…
The lesson for risk managers in this breach-of-contract lawsuit
February 17, 2021 by Greg MeckbachA recent Supreme Court of Canada ruling in a breach-of-contract lawsuit means risk managers need to be careful about drafting agreements that give parties discretionary powers, a Toronto-based litigation lawyer warns. Wastech Services Ltd. v. Greater Vancouver Sewerage and Drainage…
Broker suspended for his role in “grey market” luxury vehicle sales
February 16, 2021 by David GambrillA B.C. broker has been fined $7,000 and had his licence suspended for a year for his role in a “grey market” scheme to circumvent a ban on selling new luxury cars directly to used vehicle dealerships. Anthony Bryan Chua…
Insurers beware: Why your settlements may not be secure
February 16, 2021 by Canadian UnderwriterA record-keeping blunder more than 50 years ago means London, Ont.’s Catholic diocese faces a new multi-million-dollar lawsuit over sexual abuse during the early 1970s of an elementary school student by a priest. The Supreme Court of Canada announced Feb.…
Final outcome of The Co-operators’ surface water commercial property coverage dispute
February 12, 2021 by Greg MeckbachA Supreme Court of Canada decision released Thursday means The Co-operators cannot appeal a $429,000 court decision against it over “surface water” coverage on a commercial property policy. In Co-operators General Insurance Company v. Le Treport Wedding & Convention Centre…
Internal data show surge in harassment complaints at Canada Revenue Agency, RCMP
February 11, 2021 by Christopher Reynolds - THE CANADIAN PRESSOTTAWA – Complaints of workplace harassment and violence have risen sharply at several federal departments and agencies in recent years, according to internal data. The Canada Revenue Agency (CRA) saw harassment complaints jump 82 per cent to 166 between 2016-17…
Class-action suit filed over alleged orphanage abuse
February 10, 2021 by Laura Dhillon Kane - THE CANADIAN PRESSVANCOUVER – A Catholic order shuffled known abusers from a notorious Newfoundland orphanage to two schools in the Vancouver area where more boys were victimized, a lawsuit alleges. A proposed class-action suit filed Monday in British Columbia Supreme Court says…