Claims
DETROIT – A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more. When General Motors emerged from a 2009 bankruptcy, it became known as “New GM.” The new company essentially was shielded from liabilities of the […]
By Canadian Underwriter | November 10, 2015
3 min read
Nearly eight in ten surveyed small business owners in the United States don’t have a cyberattack response plan, even though 63% of them have been victims of at least one type of cyberattack, according to a study commissioned by Nationwide, a Columbus, Ohio-based diversified insurance and financial services organization. The survey, released on Tuesday, focused […]
2 min read
An Alberta family whose farmland has been tainted by chemical contamination has asked the province’s energy regulator to force the responsible companies to negotiate compensation. “These are very solid facts upon which the regulator can demonstrate it does have the ability to be an enforcer when things go wrong,” said Keith Wilson, lawyer for Ron […]
By Canadian Underwriter | November 9, 2015
The Canadian Taxi Association (CTA) is warning anyone who is living in the Niagara, Ont. region and thinking of driving for Uber to think twice. “Canadian insurance companies are cracking down on customers who drive for Uber without proper commercial coverage,” said CTA president Marc Andre Way in a press release on Friday. “Errant drivers […]
A total of 152 cargo thefts occurred in the third quarter of 2015, with an average loss value per incident of US$199,467, FreightWatch International said last week. During the third quarter, 63 incidents occurred in July, 57 in August and 32 in September, FreightWatch International’s Supply Chain Intelligence Center said in its U.S. Cargo Theft […]
With data breaches being regular media fodder these days, the existing responsibility of insurance brokers to safeguard client information coupled with new legislative requirements make this a good time for brokers to review data protection efforts to ensure they are fully up to date, Beth Pearson, chairman of Registered Insurance Brokers of Ontario (RIBO), suggested […]
Amid concerns about legal expenses and liability insurance costs, an Ontario bill designed to identify defamation lawsuits that “unduly restrict free expression in the public interest” has been passed into law. Bill 52, which changes the Courts of Justice Act, the Libel and Slander Act and the Statutory Powers Procedure Act, received royal assent Nov. […]
By Canadian Underwriter | November 6, 2015
4 min read
Wildland fire crews in Alberta were called out to combat nearly 1,800 fires during the 2015 season, the third-highest number in the past 25 years, Alberta Agriculture and Forestry said on Friday. During the 2015 season, fire crews battled 1,786 wildfires covering more than 492,000 hectares – twice the 25-year average, the ministry said in […]
Human activities, such as greenhouse gas emissions and land use, influenced specific extreme weather and climate events in 2014, including flooding in the Canadian Prairie provinces, according to a new report released on Thursday. The report, titled Explaining Extreme Events of 2014 from a Climate Perspective, published by the Bulletin of the American Meteorological Society, […]
The Supreme Court of Canada will not hear an appeal, from AXA General Insurance, of a Newfoundland and Labrador court ruling allowing a lawsuit to proceed four years after a pedestrian was hurt in a hit-and-run in St. John’s, the highest court announced Thursday. In October, 2007, Ian Tucker was injured by a vehicle which […]
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