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.
New Ontario vehicle storage lien rules take effect July 1
December 18, 2015 by Canadian UnderwriterChanges to Ontario’s vehicle storage laws, designed to reduce auto claims costs, take effect July 1, while changes to towing regulations will not take effect for more than a year, the provincial government announced Thursday. “Currently, when a vehicle has…
Legislation doubling fines for medical privacy breaches before Ontario legislature
December 7, 2015 by Canadian UnderwriterA bill before the Ontario legislature proposing to require health care providers to report privacy preaches to the province’s information and privacy commissioner got some support last week by politicians from the opposition benches. “We hope this legislation actually gets…
Bringing Sense to BYOD
December 1, 2015 Mitch Koczerginski, Associate, McMillan LLPBring Your Own Device is now part of the business landscape. But with the convenience and flexibility of BYOD comes risks that an organization must address in a dedicated policy.
Cyber Challenges
November 30, 2015 Anne Juntunen, associate, Halfnight McKinlayWhat recent American developments reveal about the potential future of cyber liability in Canada.
New demands under privacy act could pose some challenges
November 2, 2015 Angela Stelmakowich, EditorMost new requirements ushered in by the Canadian Digital Privacy Act (DPA) are very helpful and provide a fix, but a number could pose some challenges, including maintaining a record for every breach, John Beardwood, a partner with Fasken Martineau…
Supply Teach
November 1, 2015 Sean van Zyl, Freelance WriterThe increase in Canadian enterprises engaged in foreign supply chain procurement has attracted the attention of authorities in pursuing prosecutions under foreign anti-bribery and corruption laws. Are Canadian enterprises and their Boards of Directors aware of the heightened risk associated with these foreign dealings?
Proposed Ontario condo authority lacks adequate oversight: Opposition
October 7, 2015 by Canadian UnderwriterOntario’s ruling Liberals say their proposed condominium law would clarify rules on insurance and paying for property damage, but opposition critics contended Tuesday that the proposed licensing and adjudicative body would be “weak in accountability and transparency” and would not…
Risk of serious cyberattack on nuclear infrastructure growing, independent policy institute finds
October 5, 2015 by Canadian UnderwriterThe risk of a serious cyberattack on global civil nuclear infrastructure is growing, as facilities become ever more reliant on digital systems and make increasing use of commercial ‘off-the-shelf’ software, according to a new report from Chatham House, a London,…
Surveyed Canadians not yet sold on UBI’s potential benefits: Allstate Canada
October 1, 2015 by Canadian UnderwriterThe potential benefits of usage-based insurance (UBI) – including safer driving behaviour – have long been touted, but survey results released Wednesday by Allstate Insurance Company of Canada show consumers have not necessarily bought into the value of a UBI…
Volkswagen CEO steps down in effort ‘to win back trust’ amid emissions scandal
September 23, 2015 Geir Moulson and Pan Pylas - THE ASSOCIATED PRESSBERLIN – Volkswagen CEO Martin Winterkorn stepped down Wednesday over a scandal in which the German carmaker admitted to rigging its diesel cars’ emissions to pass U.S. tests. In a statement, Winterkorn said he took responsibility for the “irregularities” found…
AIR Worldwide, security risk firms collaborate on advanced cyber model
September 14, 2015 by Canadian UnderwriterAIR Worldwide will work with security risk and cyber data providers BitSight Technologies and Risk Based Security (RBS) to build an advanced cyber risk model. AIR Cyber Risk Model will seek to help the insurance industry better manage the evolving…