Canadian Underwriter

Keyword
Directors and Officers

News ClaimsLegalLegislation / Regulation

Why this commercial line is unprofitable

November 27, 2018 by Greg Meckbach

Commercial brokers could see fewer carriers offering directors and officers (D&O) liability in the future. That’s because “market consolidation is something that you might see on the carrier side,” said Ian Fraser, assistant vice president of technology, cyber and professional

News InsuranceLegalMarkets / Coverages

Why this insurer is ‘shrinking’ its D&O liability business

October 26, 2018 by Greg Meckbach

Lawsuits arising from corporate mergers and acquisitions and “creative theories of liability” are reducing Chubb Limited’s appetite to insure directors’ and officers’ liability. Since 2016, there has been an increase in the frequency of lawsuits against directors and officers, said

News Legislation / RegulationRisk

The ‘wake-up call’ for brokers placing D&O liability

October 2, 2018 by Greg Meckbach

A multi-million-dollar pollution clean-up order that spooked the Canadian insurance industry has some commercial brokers taking a good hard look at the exact wording of mid- to large-sized clients’ directors and officers (D&O) liability policies. The Ontario Ministry of the

News BrokersClaimsInsuranceLegislation / RegulationRisk

How commercial insurers are addressing this D&O coverage gap

September 21, 2018 by Greg Meckbach

If your corporate client goes under and occupies polluted land, what happens if individual directors are left on the hook to clean up environmental contamination? This is the subject of “long, complex discussions” that Aon Canada brokers are having with

News InsuranceLegalMarkets / Coverages

Directors’ liability at issue in challenge to environmental protection order

August 17, 2018 by Greg Meckbach

A Saskatchewan company facing a possible fine of $1 million arising from an alleged environmental offence could have its case heard by the Supreme Court of Canada. The case centres around the validity of an environmental protection order. In Canada,

News ClaimsInsuranceLegal

These directors resigned from their board but still got sued

July 9, 2018 by Greg Meckbach

A recently-announced agreement to settle a lawsuit valued at $500,000 shows the liability risk faced by directors of Ontario-based companies with overseas operations. Even though four directors and officers had resigned, citing a lack of cooperation with the company’s managers

News InsuranceLegal

Directors and officers fail to get shareholders class-action tossed out of Ontario court

June 3, 2018 by Greg Meckbach

Five former directors and officers of a Vancouver-based mining firm can be sued personally in Ontario by shareholders alleging the firm misrepresented financial statements. The Supreme Court of Canada announced Thursday it will not hear an appeal, from SouthGobi Resources

News InsuranceLegal

Judges at odds on liability of directors and officers in shareholders’ lawsuit

May 7, 2018 by Greg Meckbach

A class-action lawsuit by shareholders against five directors and officers of a Vancouver-based coal mining firm may reach the Supreme Court of Canada. Directors and officers are at risk of being sued by shareholders if the company’s share price drops;

News InsuranceMarkets / Coverages

What to ask your D&O clients before a market correction

February 15, 2018 Greg Meckbach, Associate Editor

The latest stock market roller coaster ride should prompt brokers placing directors’ and officers’ liability to ask their clients about independent audits and internal controls. The week ending Feb. 9 saw a “a steep and broad-based selloff” in the stock

News Insurance

Court shuts door on case that may have muddied the water on limitation periods

January 29, 2018 by Canadian Underwriter

Directors’ and officers’ (D&O) insurers may breathe somewhat easier after a recent Supreme Court of Canada decision that appears to have put the final nail in the coffin of a shareholders’ class action lawsuit that carried the potential to stop

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProducts

Allied World revises Executive ForceField product for Canadian market

September 12, 2017 by Canadian Underwriter

Allied World Assurance Company Holdings, GmbH (AWAC) has enhanced its Executive ForceField Side A, Lead Difference in Conditions (DIC) product with “Canadian-specific enhancements,” the company has reported. The revised policy, available to companies throughout Canada, was announced in a press

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Commercial insurance prices in the U.S. increased by less than 1% for sixth straight quarter: Willis Towers Watson

June 12, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were nearly flat during the first quarter of 2017, according to the last Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson (WTW). The survey, released on Monday, compared prices charged on