Topic Liability
Why the D&O market will probably get harder
December 15, 2020 by Greg MeckbachData breaches and the impact of COVID-19 on a company’s financial performance are among the “megatrends” affecting directors’ and officers’ liability claims, Allianz Global Corporate & Specialty warned in a report released Dec. 15. “Outside the U.S., securities class actions…
Series of gaps allowed massive Desjardins data breach, privacy watchdog says
December 15, 2020 by Jim Bronskill - THE CANADIAN PRESSOTTAWA – A series of technological and administrative gaps caused a high-profile data breach at Desjardins – the largest to date in the Canadian financial services sector, the federal privacy watchdog has found. Privacy commissioner Daniel Therrien said Monday that…
How clients can avoid pitfalls when dealing with ‘additional insured’ contracts
December 14, 2020 by Greg MeckbachAgreements in which one party is required to add the other as an “additional insured” can open a huge can of worms. Clauses like this can appear in contracts for maintenance provision, equipment installation, commercial leases, and construction, said insurance…
Why an adjuster’s notes are out of bounds in this subrogation case
December 14, 2020 by David GambrillWhen The Co-operators quickly notified a third-party insurer, AIG Inc., upfront of its intention to pursue a subrogation claim against AIG’s client in an oil spill case, little did The Co-operators know the move would later backfire when it came…
Christmas movies that would benefit from insurance coverage
December 14, 2020 by Jason ContantIt’s less than two weeks until Christmas, and insurance professionals are looking forward to some downtime following an unprecedented year. The 2020 holiday season may look different this year due to the ongoing COVID-19 pandemic, and it’s a good bet…
Partial building collapse in London, Ont. kills two workers, injures four others
December 14, 2020 by Colin Perkel - THE CANADIAN PRESSTORONTO – Workers sifting through the rubble of a partially collapsed building in London, Ont., recovered the body of a second victim, city officials said on Sunday of the construction mishap that also killed the father of an infant. The…
How AIG stick-handled this liability coverage dispute
December 11, 2020 by Greg MeckbachA Court of Appeal for Ontario ruling in favour of AIG Insurance Company of Canada, over a coverage dispute arising from an injury to a spectator at a hockey arena, is now final. The Supreme Court of Canada recently announced…
Defying The Grinch may cost your clients home insurance coverage
December 11, 2020 by David GambrillAre your clients tempted to defy The Grinch who stole Christmas and have large holiday gatherings during the pandemic regardless of what public health orders might say? You might want to tell them about pandemic exclusions in their home insurance…
Former Canadian Hockey League players detail allegations of abuse, hazing
December 11, 2020 by The Canadian PressTORONTO – Fourteen former Canadian Hockey League players have submitted affidavits detailing alleged abuse and hazing in a class-action lawsuit filed by two other ex-players. Former NHL player Daniel Carcillo and Garrett Taylor, who played in the Western Hockey League…
The show must go on
December 11, 2020 by Scott Carroll, Executive Vice President, Program Director, Take1 InsuranceThe new COVID landscape means looking for alternative ways to mitigate claims risk at live events
Tragic, yes, but COVID-19 didn’t change the insurance world: Co-Operators CEO
December 10, 2020 by Adam MalikThe insurance industry should not be surprised by the fact there was a global health pandemic, a senior P&C industry exec says, adding that COVID-19 is not likely to change industry fundamentals significantly, since nothing new was brought to the…
How a South African court applied the U.K. test case in a B.I. dispute
December 8, 2020 by David GambrillSouth Africa’s Western Cape High Court has ordered an insurer to pay a retailer of luxury travel goods up to a maximum of six months’ worth of business interruption coverage (about Cdn$1.5 million), following a dispute over losses arising from…