Claims
A constructive dismissal award against a Halifax-based fish oil maker of nearly $1.1-million has been restored by the Supreme Court of Canada. When it comes to employment practices liability, a key lesson from Matthews v. Ocean Nutrition Canada Ltd., released Oct. 9, is that if a client agrees to share proceeds of a company sale […]
By Greg Meckbach | October 15, 2020
4 min read
Catastrophe bonds are gaining a reputation as a socially responsible investment, a CatIQ Connect speaker said Wednesday. “Investors seeking investments in the [environmental, social and governance] market are starting to classify cat bonds as a responsible investment,” said Alyson Slater, senior director of sustainable finance at the Toronto-based Global Risk Institute. With ESG, investors take […]
2 min read
With weather catastrophes costing the industry billions, insurers are calling for a “whole of society” approach to mitigating climate risk. “Some of our insurer members have been on the vanguard of talking about climate change for many many years now. Insurers see themselves as partners with academia, government, and the rest of the financial sector,” […]
By Greg Meckbach | October 14, 2020
The industry’s concern over carbon emissions, and their impact on climate change, raises the question of whether nuclear energy is better for the environment. “One the one hand, nuclear [energy] is a source of carbon-free power generation. On the other hand, we all know there is a certain down side to it,” said Mark Way, […]
3 min read
A courier firm has successfully sued its landlord for $188,000 after the roof of its Halifax area warehouse collapsed under the weight of snow and ice. In Transport Canpar L.P. v. 3258042 Nova Scotia Limited, released Oct. 8, Justice Richard Coughlan of the Nova Scotia Supreme Court ruled that the premises owned by the numbered […]
By Greg Meckbach | October 13, 2020
Commercial clients who fail to follow local health regulations could be considered a “moral hazard” to insurers, but liability claims under such circumstances during the COVID pandemic will not necessarily be denied, a Toronto commercial broker suggests. Commercial general liability policies tend to have exclusions for intentional acts. And so, suppose a business intentionally does […]
The COVID-19 pandemic could be considered an “act of God,” but that doesn’t necessarily mean a client can recoup a deposit for cancelling a large gathering, a recent British Columbia Civil Resolution Tribunal ruling suggests. While most property and casualty insurance contracts for event cancellation coverage would exclude coverage for pandemic losses, the CRT ruling […]
By Greg Meckbach | October 7, 2020
Ontario auto clients should start thinking soon about their seasonal tire change, an executive with Gore Mutual suggests. “As we get further into fall and temperatures begin to drop below seven degrees Celsius, motorists should definitely begin thinking about changing to winter tires. In southwestern Ontario, this change in weather typically happens around mid- to […]
By Greg Meckbach | October 6, 2020
British insurers are not taking yes for an answer from the High Court of England and Wales, which recently ruled that insuring business interruption “following” a notifiable disease, within a certain distance of the client, does in fact mean that COVID-19 is covered if there was even one case in the client’s vicinity. The U.K. […]
A solar energy developer has lost its appeal against Economical in a commercial coverage dispute regarding an additional insured, in which the policy wording referred to “liability arising out of the operations” of the insured. “Contractual insurance obligations and additional insured endorsements are a frequent source of litigation between owners, contractors, and their insurers,” as […]
By Greg Meckbach | October 5, 2020
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