438 articles for Aug 2007
Supreme Court of Canada to hear appeal over faulty workmanship exclusion in builder’s risk insurance policy
March 14, 2016 by Canadian UnderwriterThe Supreme Court of Canada is scheduled to hear an appeal from a construction contractor arising from a disputed claim on a builder’s risk policy with a faulty workmanship exclusion, the highest court announced Friday. Ledcor Construction, a general contractor,…
Underinsured furniture vendor loses lawsuit against landlord arising from water damage
March 3, 2016 by Canadian UnderwriterThe Court of Appeal for Ontario recently ruled against a furniture and lighting fixture dealer, whose premises were flooded, based in part on a trilogy of Supreme Court of Canada rulings from the 1970s involving agreements to insure between landlords…
Insurance lawyer explains how Ontario court ruling affects vehicle owners who ‘hand out their car like candy’
February 4, 2016 Greg Meckbach, Associate EditorInsurance adjusters cannot always rely on legal precedents, now that the Court of Appeal for Ontario has overturned a previous decision by the same court, over the issue of a vehicle owner’s vicarious liability for negligent operation of their vehicle,…
Insurer seeks leave to appeal $8.5-million award in disputed construction claim over defects exclusion clause
January 26, 2016 by Canadian UnderwriterAllianz Global Risks US Insurance Company is applying to the Supreme Court of Canada for leave to appeal a ruling over a disputed $14.94-million property insurance claim arising from an addition to a hospital in Victoria, British Columbia. Essentially, Allianz…
Claims Against Directors
January 1, 2016 Greg Meckbach, Associate EditorShareholders’ lawsuits alleging misrepresentation, pollution clean-up orders and privacy breaches are some of the major trends that could influence directors’ and officers’ (D&O) liability claims in Canada, experts suggest. The Supreme Court of Canada in December paved the way for class action lawsuits against a major Canadian bank and a motion picture firm – as well as directors and officers of each firm – arising from a drop in share price. Meanwhile, a clean-up order issued to directors of an insolvent Ontario manufacturer “set off alarm bells” among corporate directors, one lawyer reports.
Smuggled antiquities, from mountain battlegrounds to London shops
December 11, 2015 byHere’s the thing they didn’t tell you on the network news about those ruins in Mosul blown up by ISIS. It’s not crucial, but the dark joke of irony does put things in historical perspective. When Henry Layard—who was something…
Smuggled antiquities, from mountain battlegrounds to London shops
December 11, 2015 byHere’s the thing they didn’t tell you on the network news about those ruins in Mosul blown up by ISIS. It’s not crucial, but the dark joke of irony does put things in historical perspective. When Henry Layard—who was something…
Supreme Court CIBC ruling ‘generally a good development’ for D&O insurers: IBC
December 7, 2015 by Canadian UnderwriterA recent Supreme Court of Canada decision, on the interpretation of Ontario’s Securities Act, is “generally a good development” for directors’ and officers’ liability insurers, a lawyer representing Insurance Bureau of Canada suggested Monday, despite that fact that the court…
Three-year limitation period suspended in shareholders’ misrepresentation lawsuit against bank: Supreme Court of Canada
December 4, 2015 by Canadian UnderwriterIn a case involving an Ontario law in which directors’ and officers’ liability insurers are said to have a “critical and unique interest,” the Supreme Court of Canada announced Friday it is allowing a class action lawsuit against the Canadian…
Institute for Catastrophic Loss Reduction makes two submissions to the Ontario Building Code review process
December 1, 2015 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) met Monday’s deadline to make submissions for the next iteration of the Ontario Building Code. The Institute opted to submit two proposed code changes: to make backwater valves and hurricane straps mandatory in…
Building relationships with suppliers
November 25, 2015 byFive years ago, Mama Earth Organics aspired to be the only delivery company in Toronto that could offer eggs from honest-to-goodness happy hens. It wanted birds that frolicked outdoors without enclosures, but finding them meant convincing five Amish families in…
Drought needs the kind of attention we give to flood
November 20, 2015 byThe drier the soil, the greater the chance a region will flood. That’s because of a chain of weather events leading to hydrophobic soil, which repels rather than absorbs water. First, a drought ups the odds a wildfire will race…