Topic Liability
Supreme Court to consider disclosure of cockpit voice recordings in aviation accident lawsuits
October 15, 2021 by Greg MeckbachThe Supreme Court of Canada will hear arguments, from federal aviation accident investigators, that cockpit voice recordings should not be made available to personal injury plaintiffs who are trying to sue an airline over an accident in Halifax. On March…
Why the Supreme Court of Canada validated this limitation-of-liability clause
October 15, 2021 by Greg MeckbachA software consulting firm that was sued in Quebec for $6.25 million can rely on a limitation of liability clause in its consulting and integration contract, the Supreme Court of Canada ruled in a decision released Friday. In 6362222 Canada…
Why private equity firms should partner with just one insurer
October 14, 2021 by Jason ContantPrivate equity firms should consider partnering with one carrier who is able to handle multiple lines of insurance for both the private equity firm and its portfolio companies, a mutual insurer told Canadian Underwriter. “We’ve seen benefits of having the…
What brokers should know about the hardening D&O market
October 14, 2021 by Canadian Underwriter StaffAs premiums continue rising and capacity keeps tightening, brokers placing directors and officers (D&O) liability insurance are grappling with an unpredictable market. “The last time we saw a hardening D&O market was during the financial crisis in the late 2000s.…
Insuring a personal trainer depends on their employment status
October 13, 2021 by Brooke SmithA large part of a personal trainer’s job is making sure clients do their exercises safely. But personal trainers also need to protect themselves — using insurance. Each year, there are roughly 460,000 reported fitness injuries, according to the U.S.…
Home insurance can be more expensive in smaller towns: experts
October 8, 2021 by Salmaan Farooqui - THE CANADIAN PRESSAs some Canadians are priced out of larger cities and look to move to smaller communities, insurance experts say homebuyers should be aware that life in a small town can often mean higher home insurance premiums. According to financial products…
How wedding insurance will adapt to a post-pandemic world
October 6, 2021 by Brooke SmithWedding revenues dropped by almost 40% drop in Ontario last year, according to HelloSafe.ca, due largely to the COVID-19 pandemic. Wedding insurance, as a result, was also affected. Pre-pandemic, Front Row Insurance Brokers was receiving about 200 orders a month…
Canadian cyber MGA looking for carrier partners for international expansion
October 5, 2021 by Greg MeckbachCanadian managing general agent BOXX Insurance Inc. is about to set up an office in Miami and is looking for carriers to underwrite its cyber coverages outside of Canada. Toronto-based BOXX announced last week it is expanding to the United…
Quebec to move ahead with plan to redistribute $39 million to Lac-Megantic victims
October 1, 2021 by The Canadian PressLAC-MEGANTIC, Que. – The Quebec government is moving ahead with plans to redistribute $39 million to those impacted by the 2013 rail disaster in Lac-Megantic, Que., that killed 47 people. About $20 million will go directly to victims recognized during…
‘Bodily injury expected or intended’ exclusion applies to daycare seeking liability coverage
September 29, 2021 by Greg MeckbachLiability insurer Northbridge does not have to cover a Prince George, British Columbia daycare owner accused of shaking a child severely enough to cause brain injury, a judge ruled last week. A lawsuit, against the person operating the daycare, was…
Ontario government offers to help Wheatley recover from massive explosion
September 28, 2021 by The Canadian PressWHEATLEY, Ont. – A town in southwestern Ontario rocked by a massive explosion last month will be receiving up to $2 million from the provincial government to help with recovery efforts. The province says the funds will help businesses affected…
Small businesses continue to be hard-hit by rising premiums this year, CFIB reports
September 24, 2021 by Jason ContantInsurance has become the top operating cost concern for small businesses, with seven in 10 reporting their premiums have increased since the beginning of the year, the Canadian Federation of Independent Business (CFIB) reported. The ongoing hard commercial insurance market,…