Claims
TORONTO – Drivers charged with failing to buckle up should be allowed to argue they did everything they could to comply with the law mandating seatbelt use, Ontario’s top court ruled Friday. In its decision, the Court of Appeal rejected the idea that the seatbelt law bars a motorist from raising due diligence as a defence. […]
By Canadian Underwriter | March 21, 2014
2 min read
Humans are drawn to water – congregating around it as they do for matters of life, preference and commerce – but it is a peril that routinely causes considerable damage and is not nearly as well-understood as other perils, says one industry expert. “We have this innate and very intense need to be near water […]
3 min read
CALGARY – The federal government has transferred a first payment of $500 million to Alberta to help offset the devastating effects of last June’s widespread flooding. Jason Kenney, the regional minister for Southern Alberta and minister of Employment and Social Development, made the announcement at the end of a speech to the Calgary Chamber of […]
By The Canadian Press | March 21, 2014
1 min read
Munich Re ended last year with a profit of 3.3 billion euros, the third-best result in its history, but is aiming for a lower profit of 3 billion euros this year, the company reported Thursday. Overall in 2013, the group posted an operating result of 4.4 billion euros, from 5.3 billion the prior year. As […]
By Canadian Underwriter | March 20, 2014
TORONTO – A Canadian class-action law firm is going after General Motors for the automaker’s handling of defective ignition switches in 1.6 million small cars worldwide, including about 235,000 cars sold in this country. The firm seeks to represent and compensate people across Canada for defects in various models of small cars with the defective […]
By The Canadian Press | March 20, 2014
Figures released Wednesday by LexisNexis Risk Solutions indicate one in four surveyed insured motorists in the United Kingdom say it’s acceptable to mislead insurers to reduce their car insurance premiums. Forty percent of respondents – identified as insured drivers and policy decision-makers – believe the cost of their policy is too high, and many are […]
While the majority of Canadians say they think climate change will cause severe weather to occur more frequently, few are taking measures to protect their homes from extreme events, according to a new study released Wednesday by RBC. Based on the company’s annual Water Attitude Study, which polled just over 2,000 Canadians earlier this year, […]
By Canadian Underwriter | March 19, 2014
Canada’s provincial auto insurance regulators are relatively cautious in their approach to telematics, but this is changing, suggested speakers at an insurance technology conference this week. “If we want this to transform the industry, our regulators will have to let us transform,” said Michel Laurin, president of Quebec-based Industrial Alliance Auto and Home Insurance Inc. […]
4 min read
WASHINGTON – The Obama administration hopes to fight global warming with the geeky power of numbers, maps and even gaming-type simulations. Officials figure the more you know about climate change the more likely you will do something. The White House on Wednesday announced an initiative to provide private companies and local governments better access to […]
WASHINGTON – The government announced a $1.2 billion settlement with Toyota Motor Corp. on Wednesday and filed a criminal charge alleging the company defrauded consumers by issuing misleading statements about safety issues in Toyota and Lexus vehicles. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an […]
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