Claims
SAN FRANCISCO – California prosecutors sued Uber over the ride-booking company’s driver background checks and other allegations, adding to the popular startup’s legal woes in the U.S. and around the world. The lawsuits filed Tuesday in San Francisco Superior Court are the latest legal hurdles for the nascent ride-hailing industry. The industry in general – […]
By Canadian Underwriter | December 10, 2014
2 min read
VANCOUVER – Some 30,000 sandbags line a stretch of low-lying waterfront land in Vancouver, placed by city workers in a bid to protect local homes from an anticipated king tide. The task was completed by about 45 workers in advance of Wednesday’s forecasted weather event, which could coincide with the same type of high winds […]
3 min read
TORONTO – Honda Canada is recalling some 700,000 vehicles in Canada to replace airbag inflators implicated in five deaths and a number of injuries in the U.S. and abroad. The action is part of a worldwide recall safety campaign initiated over concerns about the airbags made by Takata Corp. of Japan, which can inflate with […]
By The Canadian Press | December 9, 2014
LOS ANGELES – Mayor Eric Garcetti on Monday proposed spending billions of dollars to better protect Los Angeles against a devastating earthquake by strengthening thousands of vulnerable older buildings and fortifying the city’s water and communications systems. The sweeping plan left unclear what the final cost would be and, in some cases, who would get […]
By Canadian Underwriter | December 9, 2014
The federal government introduced Monday legislation intended to impose absolute liability, on major oil pipeline operators, of up to $1 billion in case of incidents such as spills, and to require them to have the “financial resources necessary to pay the amount of the limit of liability,” such as insurance, bonds or guarantees. Natural Resources […]
4 min read
TORONTO – Tow truck drivers are slowing down the commute in the Toronto area today, as an estimated 1,500 of them head to Ontario’s legislature to protest a new auto insurance law. The drivers are making their way to Queen’s Park from three different locations on major highways (Steeles Avenue and Highway 404, Bovaird Drive […]
1 min read
NEW ORLEANS – The Supreme Court is leaving in place BP’s multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico. The justices did not comment Monday in rejecting the London-based oil giant’s arguments that lower courts misinterpreted settlement terms and put BP on the hook to […]
By Canadian Underwriter | December 8, 2014
Canada’s Senate last week passed one bill that would establish strict liability, for hazardous substance incidents, for ship owners and has sent a different bill proposing $1 billion in absolute liability, for the nuclear and offshore petroleum industries, to committee. Bill C-22, the Energy Safety and Security Act, passed second reading Dec. 4 in the […]
5 min read
The Saskatchewan government is introducing the first major revision to legislation governing insurance in five decades, a move meant to modernize requirements and bring provincial law in line with Alberta and British Columbia. The Insurance Act, which replaces The Saskatchewan Insurance Act, seeks to modernize the insurance industry and strengthen consumer protection, notes a statement […]
WASHINGTON – As Congress races to its lame-duck finish, time is running out on a government program that provides a backstop to private-sector insurance against terrorist attacks. The program was enacted after the Sept. 11 attacks and has been renewed twice. The market for insurance covering terrorist attacks – which is crucial for economic sectors […]
By Canadian Underwriter | December 5, 2014
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