Canadian Underwriter

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News CatastrophesLegal

Climate change exclusions likely to be written into commercial general and excess liability policies

October 16, 2009 by Canadian Underwriter

Risks related to climate change are so expansive as to be uninsurable, and therefore it is likely climate change exclusions will be written into general commercial and excess liability insurance policies in the near future, predicts Rodney Taylor, managing director

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Claims adjusters can leverage insurers’ ability to pay to take control of environmental clean-ups

October 16, 2009 by Canadian Underwriter

Insurance claims adjusters can leverage their expert knowledge, as well as their insurance companies’ ability to pay for large-scale clean-up operations, to exert control over complicated environmental damage claims that typically span multiple jurisdictions.Panelists John Cherrie of Cherrie Griffith Professional

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B.C. privacy commissioner finds three more instances of jury checking by ICBC

October 15, 2009 by Canadian Underwriter

An audit by B.C.’s Office of the Information and Privacy Commissioner identified six occasions on which driving and claims information of jurors was accessed and in some of those cases, was disclosed to outside defence counsel representing ICBC.In May 2009,

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Credit crisis no longer chief source of securities litigation: Advisen Ltd.

October 15, 2009 by Canadian Underwriter

The credit crisis is no longer the chief source of securities litigation in the United States, a recent report from Advisen says.“The third quarter [of 2009] saw a robust 169 new securities lawsuits filed, but the credit crisis is no

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Ontario-Quebec trade agreement calls for harmonizing approaches to insurance regulation

October 14, 2009 by Canadian Underwriter

An inter-provincial trade agreement, the Ontario-Quebec Trade and Cooperation Agreement, has come into force as of Oct. 1, and already some are calling for it to be more like the Trade, Investment and Labour Mobility Agreement (TILMA) between B.C. and

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Capture Facebook evidence early, defence counsel cautioned

October 8, 2009 by Canadian Underwriter

Insurance defence counsel should tread carefully when it comes to preserving evidence obtained on social networking sites such as Facebook.Speaking at the Canadian Defence Lawyers’ 2nd annual Accident Benefits Experts Seminar in Toronto, panelist Jennifer Malchuk of Hughes Amys LLP

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Insurers under-using their legal right to obtain infomation from accident benefits claimants

October 8, 2009 by Canadian Underwriter

Insurers are under-using s. 33 of the Statutory Accident Benefit Schedule (SABS) to obtain information from an applicant applying for accident benefits. Joy Stothers of Dutton Brock LLP made the observation at the Canadian Defence Lawyers 2nd Annual Accident Benefits

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Insurance industry sees spike in PIPEDA-related complaints

October 6, 2009 by Canadian Underwriter

The insurance industry yielded 17% of the Personal Information and Electronic Documents Act (PIPEDA)-related complaints lodged in 2008.Last year there were 442 new complaints in total, marking an increase from 2007’s 350 complaints. Financial institutions as a whole took the

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What’s New: In Brief (October 06, 2009)

October 6, 2009 by Canadian Underwriter

A North Vancouver man has been fined Cdn$4,000, double what the Crown asked for, after totalling his boss’ truck and telling police it had been stolen. Rodney Dean Johnson, 26, was driving along Highway 1 in North Vancouver on Jun.

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Ontario lawyers see professional indemnity premium rate increases

September 25, 2009 by Canadian Underwriter

A continuing increase in the number and costs of claims, a decline in investment income and the anticipated affect of the harmonized sales tax have all caused the Lawyers’ Professional Indemnity Company (LAWPRO) to increase its base premium for next

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California attorney general to investigate credit agencies’ possible role in financial crisis

September 21, 2009 by Canadian Underwriter

California’s attorney general, Edmund G. Brown, has issued subpoenas to Standard & Poor’s, Moody’s and Fitch as part of an investigation into whether or not the credit agencies’ role fuelled the financial crisis.“Standard & Poor’s, Moody’s and Fitch put their

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Ontario to change Rules of Civil Procedure to expedite court processes, but jury out on savings to insurers

September 16, 2009 by Canadian Underwriter

Upcoming changes to Ontario’s Rules of Civil Procedure are designed to expedite cases before the courts, but insurers shouldn’t expect huge savings in claims costs as a result of the changes, one counsel cautions.On their face, the changes would appear