Topic Liability
Insurers checking their war exclusions for cyberattacks
March 10, 2022 by Philip PoradoWhile cyberattacks have increased since Russia invaded Ukraine and numerous countries responded with tighter sanctions, most of those attacks have been more basic distributed denial-of service attacks on both sides of the conflict, said a DBRS Morningstar commentary on cyber…
How supply chain back-ups are contributing to cargo theft
March 9, 2022 by Jason ContantSupply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s…
Tory critic asks privacy commissioner to investigate hack of Freedom Convoy fundraising site
March 9, 2022 by The Canadian PressOTTAWA – The Conservative critic for ethics and accountable government says he has asked the privacy commissioner to investigate the hacking of a crowdfunding platform that raised money for convoy protests and blockades. Tory MP James Bezan says the…
Court sides with insurer in $2.5-million professional liability case
February 28, 2022 by David GambrillTwo creditor firms seeking to access insurance policy proceeds in a $2.5-million trust fund misappropriation case against a lawyer lost their bid to interpret the $500,000 sublimit as applying to each of their claims, instead of being an aggregate policy…
Lawyers on boutique D&O: Don’t just take your broker’s word for it
February 16, 2022 by David GambrillFor boutique D&O coverages, a law firm says companies should be bringing in a lawyer to look at the contract coverage and not just rely on the opinion of the insurance broker about coverage. This is particularly true in business…
Insurers lose privilege bid after mill’s internal explosion investigation
February 11, 2022 by David GambrillSix insurance companies and a pulp and paper manufacturing company, Fortress Specialty Cellulose, have lost their bid to have a PowerPoint presentation about the cause of a commercial explosion protected under litigation privilege. In rejecting their argument, the Superior Court…
Could Ottawa police be sued for failing to arrest ‘freedom convoy’ protesters?
February 11, 2022 by The Canadian PressErika Chamberlain, Professor and Dean, Faculty of Law, Western University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the…
Challenging market conditions remain for these two lines in Canada
February 10, 2022 by Jason ContantMarket conditions for cyber and directors’ and officers’ (D&O) lines of business remain challenging in Canada, according to Aon plc’s latest quarterly Global Market Insights Report. Aon’s report for the fourth quarter of 2021, released Wednesday, emphasizes how new forms…
Are Freedom Convoy truckers covered?
February 8, 2022 by Alyssa DiSabatinoWhen commercial trucks are used in protests, some insurance professionals suggest their equipment may no longer be covered. The question has been raised while the ongoing ‘Freedom Convoy’ in Ottawa stretches into its second week. Protestors demanding an end…
How to reduce escalating municipal insurance costs
February 4, 2022 by Jason ContantOntario’s Ministry of the Attorney General has established a ‘technical table’ to review issues surrounding rising municipal insurance costs, including joint and several liability. “Insurance costs for municipalities in Ontario have been rising, and the subject of much concern for…
Which insurer is providing more E&O capacity to Canada
February 2, 2022 by David GambrillSigns are showing that stability – and more capacity – is returning to Canada’s commercial insurance market, including a recent announcement that the professional liability division of Cincinnati-based Great American Insurance Group has expanded into Canada. More specifically, Great American’s…
Indemnities can significantly increase the risk to your client
February 1, 2022 by Michael CareyCorporations are increasingly using standard form agreements to conduct business with suppliers. If your client is faced with one, watch out for the inclusion of an unlimited indemnity. A standard form agreement provides several benefits to the corporation that drafts…