Claims
Canada’s highest court announced Thursday it will not hear an appeal from a municipality that was sued, under Ontario’s Occupiers Liability Act, by a cyclist who broke his neck after attempting to ride over an obstacle at an adventure park. Stephen Campbell fractured his C6 vertebrae after falling off his bicycle in 2008 at the […]
By Canadian Underwriter | February 16, 2017
3 min read
The consolidated net income for Co-operators General Insurance Company increased for the fourth quarter of 2016 over the same quarter in 2015, but net income for 2016 decreased from 2015. The Co-operators has posted net income of $128.8 million for the three months ended Dec. 31, 2016, just shy of a 25% hike over the […]
RENO, Nev. – Northern Nevada officials still assessing millions of dollars in damage from the latest round of flooding braced Tuesday for another series of wet storms that could swamp parts of the state again into next week. “Wednesday is your last quiet weather day,” the National Weather Service in Reno warned. Colder weather was […]
By Jason Contant | February 16, 2017
DuPont and the Chemours Company have announced a nearly US$671 million settlement agreement in connection with personal injury claims arising from environmental releases of perfluorooctanoic acid and its salts (PFOA) from the Washington Works plant in West Virginia. The Canadian Press reported earlier this week that the settlement related to the DuPont plant near Parkersburg, […]
By Canadian Underwriter | February 15, 2017
2 min read
If the Supreme Court of Canada upholds a Court of Appeal for Ontario ruling against Deloitte & Touche, corporate auditors “will be encouraged to resign an audit before they feel they can responsibly do so in order to minimize the risk of catastrophic damages,” Deloitte warns. Canada’s highest court heard Wednesday Deloitte’s appeal of a […]
American International Group, Inc. (AIG) has posted net losses for both the full year and the fourth quarter of 2016, but company president and CEO Peter Hancock reports that actions taken last year will help “dramatically reduce uncertainty and deliver higher quality, more sustainable earnings in the future.” AIG saw a net loss of US$3,041 […]
4 min read
TORONTO – Firefighters continued to pour water on a massive and “hazardous” blaze in midtown Toronto early Wednesday, several hours after the fire began and forced the evacuation of surrounding buildings. Division Cmdr. Len Stadler said the fire at The Badminton and Racquet Club was still active as midnight approached but was confined to one […]
By Jason Contant | February 15, 2017
HALIFAX – Parts of Atlantic Canada remained under a blizzard warning Tuesday after a massive storm descended on the region, dumping a thick blanket of snow and unleashing howling winds before marching off to Newfoundland. Environment Canada issued the warnings for Cape Breton and the east and south coasts of Newfoundland as the slow-moving storm […]
By Jason Contant | February 14, 2017
Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite and board concerns. The changes are in response to feedback received from clients, notes a […]
By Canadian Underwriter | February 14, 2017
The Supreme Court of Canada will not hear an appeal over an arbitration ruling in an auto accident benefits priority dispute, where insurers disagreed on whether a claimant was “principally dependent” on the owner of a vehicle. Court records indicate that Paula Chartrand – along with her two daughters – were injured Aug. 21, 2010 […]
By Canadian Underwriter | February 13, 2017
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