Claims
Manitoba’s provincial government is using about $1 million seized through criminal property forfeitures to fund new safety and victim support initiatives within the RCMP, including more computer messaging signs to alert drivers to hazards. The province will also fund five new RCMP officers. “Our RCMP play an important part in keeping families and communities safe, […]
By Canadian Underwriter | June 6, 2013
2 min read
An Ontario Court plans to order Economical Insurance to defend a lawsuit against a policyholder for personal injuries allegedly resulting from a fight over a spot in line at a Tim Horton’s east of Toronto. The Economical policyholder was convicted of assaulting the man who is now suing him, and his insurance policy excludes coverage […]
3 min read
The Supreme Court of Canada has scheduled for next Monday an oral hearing on an application for leave to appeal a ruling that allows an auto accident victim from Saskatchewan with no-fault injury insurance to sue. One issue in the case is the definition of “economic loss” under the province’s Automobile Accident Insurance Act (AAIA), […]
By Canadian Underwriter | June 5, 2013
The Ontario Trial Lawyers Association has elected Toronto personal injury lawyer Charles Gluckstein as its new president for 2013-14. Gluckstein has served on the association’s board of directors since 2001 and has been on its executive committee for the past seven years. Gluckstein was called to the Ontario Bar in 1999, and specializes in insurance […]
Severe windstorm events in the United States in May, including the tornado that devastated Moore, Okla., will likely have insurers paying out a minimum of $4 billion, according to Impact Forecasting’s latest monthly global catastrophe recap report. The EF-5 tornado event (the strongest category) that struck Moore killed 24 people, injured 387, and damaged or […]
The Ontario Court of Appeal last week overruled part of the verdict of a lawsuit against a bar that served alcohol to a driver who crashed his car and the injured plaintiff. Kyle McLean was a passenger in a vehicle driven by Matthew Knox in June 2005. They had been drinking together at a restaurant […]
4 min read
Severe flooding in central Europe has caused thousands to evacuate their homes and disruptions to infrastructure, particularly in Germany, according to AIR Worldwide. Heavy rains over the past several weeks have caused that the catastrophe modeller says are the worst floods in more than 70 years. Germany, Austria, the Czech Republic, Switzerland, Hungary, Slovakia and […]
By Canadian Underwriter | June 4, 2013
As insurance professionals become more concerned about hurricane losses, reinsurers are raising more money from alternative sources of capital, such as catastrophe bonds, according to a new report from Guy Carpenter & Company LLC. The New York-based reinsurance intermediary announced Tuesday the release of its June 2013 renewal briefing, which discusses alternative sources of capital, […]
The March 2011 earthquake in Japan that caused significant damage in the country also changed its approach to disaster management, a change that will be described in a special presentation from the Institute for Catastrophic Loss Reduction this month. The June 21 forum will feature Takaaki Kusakabe, a research coordinator for earthquake disaster prevention at […]
By Canadian Underwriter | June 3, 2013
1 min read
Cora Franchise Group Inc., as well as four of its directors and officers, are being sued in an Ontario court by the operators of one of its franchises, who are alleging fraudulent misrepresentation. None of the allegations have been proven, and the Ontario Superior Court of Justice last week ordered the plaintiffs to strike several […]
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