Claims
HAMILTON - A Canadian man accused in a massive hack of Yahoo emails will forgo his extradition hearing and go face the charges in the United States in what his lawyer has called an effort to speed up the legal process. Karim Baratov signed documents agreeing to waive the hearing before a Hamilton judge on Friday, after weighing the decision for months. Ontario Superior Court Justice Andrew Goodman warned Baratov that the move could leave him open to more charges in the U.S., prompting the 22-year-old’s lawyer to confirm…
By Jason Contant | August 21, 2017
2 min read
The Government of Alberta has announced that it will “look at implementing changes” to impaired driving legislation in the province following a recent Court of Appeal of Alberta decision. On May 18, 2017, the Court of Appeal ruled that part of the province’s current impaired driving sanctions are unconstitutional, Alberta Justice and Solicitor General noted […]
By Canadian Underwriter | August 21, 2017
Global reinsurers’ first half 2017 results provide further evidence of continuing pressure on pricing and earnings, Fitch Ratings said in a report released on Monday. “Intense competition among global reinsurers and the abundance of capital invested in the sector mean pricing will continue to weaken, with low investment yields putting further strain on profitability,” the […]
If Hurricane Andrew were to occur today, 25 years after its original landfall, the expected total industry insured losses (based on today’s exposures) would be approximately US$56 billion in the United States, catastrophe risk modelling firm AIR Worldwide reported on Monday. Of that US$56 billion estimate, nearly 95% of the losses would come from properties […]
New Brunswick’s primary electrical utility in the province, NB Power, and the province’s Emergency Measures Organization (EMO) said on Friday that they considering creating a dedicated emergency broadcast station to provide essential information to people in the province in times of crisis. The consideration is one of 51 recommendations contained in a provincial review of the Atlantic Canada storm in the winter of 2017, released on Friday. From Jan. 24-26, an ice storm hit central and eastern New Brunswick, from Miscou Island to Sackville. The intense low-pressure system resulted in…
3 min read
British Columbia’s Ministry of Public Safety & Solicitor General announced on Friday that it has formally extended its province-wide state of emergency for the third time. The state of emergency now runs through to the end of the day on Sept. 1, the Ministry of Public Safety & Solicitor General said in a statement. Previous […]
By Canadian Underwriter | August 18, 2017
A subrogated fire claim – arising from a tenant repairing his vehicle at home – is excluded from the tenant’s home policy because the fire arose from “use” of a motor vehicle, an Ontario court recently ruled. In June, 2007, Ian Horsefield was repairing the brake line on his vehicle in the garage attached to […]
Researchers from cybersecurity company Kaspersky Lab reported on Thursday that they have discovered a new modification of the well-known mobile banking Trojan, Faketoken, which is now able to steal credentials from taxi and ridesharing app users. Based on the results of Kaspersky Lab’s research, cybercriminals are targeting the “most popular international taxi and ridesharing services […]
Web applications are the soft underbelly of organizations, including in the financial services and insurance sectors, with injection-style attacks leading the pack, a new report from Alert Logic has found. Alert Logic, a provider of security and compliance solutions for the cloud, released its 2017 Cloud Security Report earlier this week. The report analyzes customer […]
By Canadian Underwriter | August 17, 2017
A ruling last month by the Supreme Court of Canada means it will be more difficult for corporate directors to have oppression remedy lawsuits against them summarily dismissed by courts, a lawyer suggested Wednesday in a blog post. The decision in Wilson v. Alharayeri, released July 13, “raises concerns” that the court’s approach “to personal liability will result […]
5 min read
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