Claims
A $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 Underwriter, released Dec. 21, 2017 by the Court of Appeal for Ontario. It started with […]
By Greg Meckbach | December 3, 2018
3 min read
Park Georgia Insurance Agencies, a full-service brokerage in B.C., has been fined $20,000 for allowing 36 of its Level 1 general insurance agents to sell insurance outside of the brokerage on a full-commission basis and without supervision, contrary to the rules for entry-level brokers. The nominee of the brokerage, Churk Yin Winnie Lo, was fined […]
By David Gambrill | November 29, 2018
2 min read
A bitter cost dispute between two auto insurers over an abandoned court action has led to a rebuke from a judge, who ordered Wawanesa to pay Dominion its legal fees. In doing so, Ontario Superior Court Justice Darla A. Wilson slashed Dominion’s fees, which were calculated at 107.6 hours’ worth of work for a lawyer […]
CALGARY – The FBI says it has charged two men in Iran as part of an investigation into cyberattacks that targeted the University of Calgary and computer networks in the United States. The university paid a ransom of $20,000 after the 2016 attack to preserve an option to restore critical research data. The FBI says […]
By The Canadian Press | November 29, 2018
About 85 per cent of new car buyers will use some sort of financing to pay for their vehicle, according to credit reporting company Experian. If you’re such a buyer, you can expect that during your purchase a car dealership will try to sell you gap insurance. Gap insurance makes up the difference between what […]
By Greg Meckbach | November 28, 2018
4 min read
A major water leak from a Surrey, British Columbia strata unit has spawned debate among judges over whether landlords are liable in such cases. Crystal Thomas was renting a condo unit in Surrey in the summer of 2015. A large amount of water from her unit leaked into several other units, one of which was […]
Commercial brokers could see fewer carriers offering directors and officers (D&O) liability in the future. That’s because “market consolidation is something that you might see on the carrier side,” said Ian Fraser, assistant vice president of technology, cyber and professional lines at Sovereign Insurance. He was commenting specifically on carriers whose products include D&O liability. […]
By Greg Meckbach | November 27, 2018
VANCOUVER – Drenching rain that has deluged British Columbia’s south coast since Sunday night should begin to relent over the next 24 hours, although Environment Canada says another 40 millimetres of precipitation is expected across parts of the region by Wednesday. Rainfall warnings remain posted for the east coast of Vancouver and the inner south […]
By The Canadian Press | November 27, 2018
1 min read
Intact Insurance won a coverage dispute in court but “poor customer relations” means the homeowner plaintiff does not have to pay Intact’s legal defence costs. Homeowner Arnie Augspols sued Intact and G. Bates Plumbing. Augspols noticed several problems in his home, including a slope in the basement floor and cracks in the driveway. Neither defendant […]
By Greg Meckbach | November 26, 2018
OTTAWA – Senators owner Eugene Melnyk is suing his business partner for $700 million in a development deal that was meant to bring a new NHL arena to Ottawa’s downtown. Capital Sports Management Inc., a group controlled by Melnyk, said in a release Friday that it has started legal proceedings against John Ruddy, the chair […]
By The Canadian Press | November 26, 2018
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