Why A.M. Best gave the global reinsurance segment a ‘stable’ outlook
December 6, 2018 by David GambrillCORRECTION: An earlier version of this story incorrectly stated that A.M. Best had changed its outlook for the global reinsurance sector from ‘Stable’ to ‘Negative.’ In fact, the outlook changed to ‘Stable’ from ‘Negative.’ Canadian Underwriter apologizes for the error.…
Disputed claim from $1.2-billion ponzi scheme goes to trial in Ontario
December 3, 2018 by Greg MeckbachA $300 million professional liability insurance claim from a bank could be the subject of a court trial in Ontario. The Supreme Court of Canada announced last week it will not hear an appeal of Toronto-Dominion Bank, N.A. v. Lloyd’s…
Insurer prevails where vehicle driven without owner’s consent
November 22, 2018 by Greg MeckbachAlberta Motor Association Insurance Company does not have to pay a claimant who was injured while riding in a vehicle driven without the owner’s consent. The Supreme Court of Canada announced Thursday it will not hear an appeal from Ashley…
Insurers weigh in on how automated vehicles should be covered
November 15, 2018 by Jason ContantThe Insurance Bureau of Canada (IBC) has recommended a single insurance policy to cover driver negligence and automated technology to facilitate liability claims associated with autonomous vehicles. “The automated vehicle’s insurer would compensate injured people if the automated vehicle caused…
$260 billion cleanup estimate based on ‘worst case’ scenario: energy regulator
November 5, 2018 Dan Healing - THE CANADIAN PRESSCALGARY – The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter…
Supreme Court limits when accused drunk drivers can get breathalyzer logs
October 26, 2018 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top court has set new limits for defendants trying to beat a drunk-driving charge in a ruling that may have consequences for anyone accused of being high behind the wheel. What the Supreme Court of Canada laid…
When keeping customer’s car keys is not “custody” of a car
October 21, 2018 by Greg MeckbachNorthbridge has to pay out on a hotel’s liability insurance policy resulting from theft of a guest’s car, the Supreme Court of Canada ruled in a decision released Friday. Lombard, now known as Northbridge, provided both property and liability insurance…
Appeal court nixes $100K awarded for lost income
October 10, 2018 by Greg MeckbachA plaintiff who was injured in an auto accident has had her award cut by $100,000 because she is not entitled to compensation for loss of income, the British Columbia Court of Appeal has ruled. Yi Gao sued Brian Dietrich…
Canadian drivers don’t fully understand cannabis impairment
October 4, 2018 by David GambrillCanadians know that driving while high on marijuana causes a risk to road safety, but they don’t seem to understand cannabis impairment fully, according to a recent Leger poll conducted on behalf of the Insurance Bureau of Canada (IBC). Eighty-four…
How SSL Endeavour is streamlining access to the Lloyd’s market
October 3, 2018 by David GambrillSSL Endeavour in Canada is streamlining access to the Lloyd’s market by rolling out its Advantage claims management platform, allowing Canadian coverholders and TPAs to input claims data directly into London’s central systems. Streamlining the claims process is a priority…
Air Canada pilots say near-collision a wake-up call on pilot fatigue
September 27, 2018 Ross Marowits - THE CANADIAN PRESSTORONTO – A near-collision of an Air Canada jet at San Francisco’s airport should be a wake-up call for the federal government to adequately address pilot fatigue for overnight flights, the union representing the airline’s pilots said Wednesday. “I don’t…
One easy way for retailers to manage cyber risk
July 30, 2018 by Greg MeckbachRetailers can reduce cyber liability risk if managers know exactly where computer files containing sensitive information is stored. Many retailers are “expanding their digital footprints” and storing personal information – such as customers’ names and addresses – on computers, noted…