Canadian Underwriter

Topic Legal

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News BrokersClaimsInsurersLegalOntarioPersonal Auto

How a client’s address change came back to bite his auto insurer

January 9, 2024 by David Gambrill

If an auto insurer wants to prove an insured “intentionally” failed to inform it of a move, the insurer should be prepared to provide detailed logs, transcripts or recordings of the conversations the claimant had with the broker, Ontario’s Licence

Red car with a damaged headlight after an accident
News ClaimsInsurersLegalPersonal Auto

Notifying insurer of accident is not the same as making an AB claim: court

January 4, 2024 by Alyssa DiSabatino

Intact Insurance Company won a decision against an insured who notified the insurer of an accident within seven days of his accident, but didn’t apply for accident benefits until almost two years later. In Jakupovic v Intact Insurance Company, an Ontario

Couple handshaking with a car salesperson after buying a car
News AlbertaBrokersInsurersLegalLicensingPersonal Auto

Car dealership fined for not sending premiums for warranties to insurer

January 2, 2024 by David Gambrill

An Alberta car dealership selling equipment warranties but not submitting the premiums to the insurer has been fined $85,000 by the province’s insurance regulator. Alberta Insurance Council [AIC] noted in its November 2023 decision that Penhold Car Farmers sold 17

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News CommercialEmerging RisksInsurersLegalLiabilityManagementOperations

The down low on D&O risk in 2024

December 18, 2023 by Alyssa DiSabatino

Clients will benefit from competitive market pricing for directors and officers (D&O) insurance in 2024, but can expect underwriting discipline to return, says Allianz Commercial’s D&O insurance report.  Of particular concern is inadequate responses by company directors and officers to

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News BrokersClaimsInsurersLegal

What the short-term rental crackdown means for home insurance

December 15, 2023 by David Gambrill

With the federal government cracking down on short-term rentals, property and casualty insurance providers are urging clients who rent their properties short-term to contact them to verify whether or not they are covered for property damage or liability for third-party

Tesla is recalling at least 193,000 cars in Canada to fix a defective Autopilot function.
News LegalLiabilityPersonal AutoTechnology

Transport Canada says Tesla recall will affect roughly 193,000 cars in Canada

December 14, 2023 by The Canadian Press

OTTAWA – Tesla’s recall over its autopilot function will affect about 193,000 vehicles in Canada. Transport Canada says Tesla will provide an over-the-air software update to fix the advanced driver assistance features. Transport Canada says the recall will be added

Tow Truck Driver Hauling a Wrecked Car
News ClaimsClaims ProfessionalsInsurersLegalLicensingOntarioPersonal Auto

Ontario to take over licensing and oversight of tow truck industry

December 12, 2023 by David Gambrill

Ontario is taking tow truck services out of the hands of municipalities and requiring tow truck operators to be certified and adhere to a Code of Conduct. “This marks the end of municipal regulation of towing and storage operators, with

Cybersecurity of file-transfer systems
News ClaimsClaims Canada ArchiveCommercialCyberLegalNova ScotiaTechnology

Nova Scotia privacy commissioner to investigate file-sharing cyber breach

December 8, 2023 by The Canadian Press

HALIFAX – Nova Scotia’s information and privacy commissioner has launched an investigation into the theft of personal information from a file-transfer system used by the provincial government. In June, the government confirmed a cybersecurity breach involving a third-party system known

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News ClaimsClaims Canada ArchiveCyberLegalMGAsTechnology

Why it’s important to understand legal privilege after a breach

December 7, 2023 by Jason Contant

A recent court ruling in Australia concerning the primary purpose of a forensics report following a cyberattack serves as a crucial reminder about legal privilege for Canada’s cyber insurance market. In a Nov. 10 decision, the Federal Court of Australia

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News BrokersHRInsurersLegalLiabilityManagementMergers and AqcuisitionsOperations

What a buyers’ market means for brokerage M&A

December 1, 2023 by David Gambrill

How can consolidators afford to buy brokerages when interest rates on bank loans to finance deals have steeply increased? Firms that are actively engaged in brokerage buying and selling told CU they have become more selective. “We are getting a

Picking the lock of a car
News ClaimsClaims Canada ArchiveInsurersLegalLoss ControlLoss TrendsOntarioPersonal AutoTechnology

Police, insurers collaborate to dismantle auto theft ring

November 30, 2023 by Jason Contant

Ontario’s Peel Regional Police (PRP) in collaboration with Équité Association have prevented more than $350,000 of insurance fraud by disrupting and dismantling an auto theft ring, the southern Ontario police force reported Wednesday.  As part of the investigation dubbed Project

Phone call from an unknown number - possible scam fraud or phishing
News ClaimsClaims Canada ArchiveCommercialCyberLegalLoss ControlTechnology

Government impersonation, phishing are top financial scams, Interac survey finds

November 30, 2023 by Ritika Dubey - THE CANADIAN PRESS

TORONTO – Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found. The report, released Tuesday, said 42 per cent of survey respondents reported dealing