Keyword
liability
Court shuts door on case that may have muddied the water on limitation periods
January 29, 2018 by Canadian UnderwriterDirectors’ 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…
Gift cards–a new way to reduce liability
January 26, 2018 by David GambrillYou are providing risk advice to a company accused of wrongdoing. What do you think about your client offering voluntary gift cards as a strategy to reduce liability? The question is currently before the Ontario Superior Court of Justice in…
Nova Scotia court dismisses auto liability case — after an 18-year delay
January 22, 2018 by David GambrillWould you be prepared to wait almost two decades to defend your insured policyholder in an uncomplicated auto liability case? One insurer stuck it out for 18 years until finally, on Jan. 19, 2018, the Supreme Court of Nova Scotia…
How the Feds’ pot plan could trigger home insurance claims
January 7, 2018 by David GambrillCanadian insurance claims professionals see social host liability issues at play when the federal government’s Cannabis Act comes into force. “If somebody goes to a home where cannabis is available because the homeowner is able to grow four plants, and…
Totten buys online brokerage
January 4, 2018 by Canadian UnderwriterManaging general agency Totten Insurance Group has acquired Windsor, Ont.-based EasyInsure, which offers quotes for both commercial and personal insurance online. Toronto-based Totten intends to use EasyInsure’s “digital capabilities to better support [Totten’s] current and future clients,” said Hub International…
Top court finds auditor liable for failing to detect white-collar crime
December 20, 2017 by Canadian UnderwriterAuditing firm Deloitte must pay $40 million in damages to a Canadian broadway musical company whose founders perpetrated a fraud that the auditor failed to detect, the Supreme Court of Canada ruled in a divided decision released Wednesday. Canada’s highest…
Province’s ridesharing law requires minimum policy limit
December 1, 2017 by Canadian UnderwriterSaskatchewan has introduced legislation allowing for ridesharing services to operate in the province, with an interesting insurance twist. The Vehicles for Hire Act requires the ridesharing company to file written evidence of a motor vehicle liability insurance policy with a…
Hockey Fight in Canada—insuring our national sport
November 24, 2017 David Gambrill, Editor-in-ChiefWhen William Carrier of the Vegas Golden Knights dropped the gloves to fight Michael Liambus of the Anaheim Ducks last Wednesday, hockeyfights.com posted footage of the battle, asked viewers to rate the fight, and logged the event as the 70th…
Liability of self-driving automakers in the spotlight
November 15, 2017 Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – California regulators are embracing a General Motors recommendation that would help makers of self-driving cars avoid paying for accidents and other trouble, raising concerns that the proposal will put an unfair burden on vehicle owners. If adopted,…
New policy designed to simplify cyber risk management
November 14, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) has launched a cyber insurance product in Canada that combines cyber liability and breach response coverage with risk management resources for commercial enterprises and financial institutions. “Our new policy simplifies the complex endeavour of managing…
Traditional homeowners’ insurance on a collision course with the sharing economy
November 3, 2017 Laura L. Emmett and Kaitlyn E. ArmstrongThe Rise of the Sharing Economy Consumers are increasingly interested in leasing and sharing products rather than buying and owning them. The aptly named “sharing economy” is growing rapidly, fueled in part by social media, which facilitates communication between peers…
BHSI unveils new offering, follow form for U.S. and Canadian contractors
November 1, 2017 by Canadian UnderwriterBoston-based Berkshire Hathaway Specialty Insurance (BHSI) has announced the availability of a single excess policy that sits atop multiple first- and third-party insurance policies for contractors in the United States and Canada. The new policy provides excess follow form protection…