Topic Liability
Institutional investors increasingly likely to divest on ESG grounds
December 6, 2021 by Canadian Underwriter StaffLike insurers, Canada’s institutional investors are examining how environmental, social and governance (ESG) factors weigh into their operational decisions. A new EY report on global institutional investors that includes Canada showed 74% are more likely to divest from companies with…
Alberta rolls out new rules forcing industry to pay for abandoned well cleanup
December 1, 2021 by The Canadian PressCALGARY – Alberta’s oil and gas regulator has rolled out new rules aimed at addressing the growing problem of inactive and abandoned wells in the province. The new rules will require the energy industry to spend $422 million next year…
B.C. auto claimant wins dispute over ‘declared value’ in total loss
November 26, 2021 by Greg MeckbachThe Insurance Corporation of British Columbia has been ordered to pay an extra $5,000 to a client whose vehicle was badly damaged on a trip from California. In Link v. ICBC, released Nov. 25, the province’s civil resolution tribunal ruled…
Saskatchewan to amend employment act to recognize workplace sexual harassment
November 19, 2021 by The Canadian PressREGINA – Saskatchewan is proposing to amend its employment act to recognize sexual harassment in the workplace. The government has introduced legislation to make it clear that any unwelcome action of a sexual nature constitutes harassment. The amendment also covers…
Supreme Court of Canada rules against BC trial lawyers in disputed subrogated Ontario auto claim
November 18, 2021 by Greg MeckbachIf the Trial Lawyers Association of British Columbia had its way, auto insurers would have an incentive to go the “extra mile” in trying to find reasons to deny claims, two Supreme Court of Canada judges suggested in a decision…
How Ontario direct compensation-property damage affects temporary loaner vehicles
November 17, 2021 by Greg MeckbachAn Ontario insurer that wrote optional collision coverage for a client is not on the hook for damage to a loaner vehicle borrowed by that client while that client’s own vehicle was in for repair, a judge wrote in a…
Stability, finally? What insurers and brokers can look forward to in 2022
November 12, 2021 by Brooke SmithBrokers and insurers may see some stabilization in the market in 2022. “We saw tremendous rate pressure, high operating ratios, and low ROIs in 2019 and 2020,” said Kevin Neiles, president, Western Canada and chief markets officer at Gallagher, during…
Quebec’s AMF explores implications of autonomous vehicles
November 11, 2021 by Philip PoradoSelf-driving vehicles will change the auto liability landscape across Canada and raise data privacy concerns, said an issues paper from Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). The paper identifies five levels within the connected and autonomous…
Mid-sized business leaders cite ‘customized risk management advice’ as top need for reducing exposure
November 5, 2021 by Canadian Underwriter StaffCustomized risk management advice ranks highest among the top needs of mid-sized businesses to reduce their risk exposure, a new survey found. The findings suggest there’s an opportunity for brokers and risk managers to deepen risk management conversations with clients.…
Spooky Halloween risks that need an insurance policy
October 28, 2021 by Jason ContantSome insurance professionals will be donning costumes at the (virtual) office this Halloween, and others will be taking their kids out trick-or-treating on the weekend. But just because it’s Halloween doesn’t mean it’s time to forget about insurance altogether. London,…
Why this city owes duty of care in $1 million personal injury lawsuit
October 21, 2021 by Greg MeckbachA Supreme Court of Canada ruling released Thursday means a British Columbia municipality is facing a new trial, in a $1-million lawsuit, filed by a woman who was seriously injured after parking her car after a snowstorm. In City of…
Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill
October 20, 2021 by The Canadian PressST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board…