Claims
Property owners may be asking their insurers to increase the limits on insurance policies covering environmental cleanup costs in the wake of some recent rulings in Ontario, one lawyer says. Rosalind Cooper, a partner with Fasken Martineau, delivered a presentation Nov. 7 on liability for environmental cleanup and focused on some recent cases heard by […]
By Canadian Underwriter | November 7, 2012
3 min read
The Institute for Catastrophic Loss Reduction (ICLR) reports that large insured losses from extreme weather appear to be “the new normal” for the Canadian insurance industry, expecting that large-loss years will no longer be rarities. As insured losses from extreme weather continue to be tallied for 2012, this year looks to be shaping up to […]
By Canadian Underwriter | November 6, 2012
1 min read
Speciality legal expense insurer DAS Canada has launched its DASbusiness policy in Quebec, offering a week of free phone legal advice.The policy covers legal fees associated with issues such as staffing, tax filings and outstanding invoices. “With the average price of a lawyer in Quebec at over $250/hour, even minor issues can end up causing […]
By Canadian Underwriter | November 5, 2012
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop this month on earthquake hazard estimation. Dr. Kristy Tiampo from Western University will discuss her research on the topic during the event on Nov. 16 at ICLR’s downtown Toronto office, part of its ongoing Friday Forum series. Eastern North America is more stable […]
By Canadian Underwriter | November 2, 2012
The first 24 hours following a data or information breach are the most critical, demanding immediate action to help avert hefty costs, as well as to mitigate damage to company reputation and consumer trust.
By Scott Pidduck, Underwriter, Professional Liability, QBE Services Inc. | November 1, 2012
6 min read
Losing USB flash drives, using weak passwords and having unprotected networks are among the everyday scenarios that make up most data security breaches. Still, small and midsize companies appear not to be sufficiently prepared to avert the potentially costly effects of cyber exposures.
By Eduard Goodman, Attorney, Privacy Expert and Chief Privacy Officer, Identity Theft 911 | November 1, 2012
5 min read
Directors and officers are becoming more exposed to liabilities involving private pension plans. And depending on the risk and circumstances, they may - or may not - be covered by insurance.
By Craig Harris, Freelance Writer | November 1, 2012
7 min read
Insurance requirements for a condominium project during construction and a condominium after construction has been completed are very different. Mitigation of risks demands that that difference be appropriately addressed.
By Sharon Vogel; Partner, Construction, Engineering, Surety and Fidelity Group; Borden Ladner Gervais L | November 1, 2012
An Ontario court has held that both an auto and a home insurer are obliged to defend in an action for personal injury because of the potential for concurrent liability. With all facts not yet available, the judge signalled he was not prepared to permit one of two insurers to avoid a possible duty to defend or indemnify.
By Michael Teitelbaum, Partner, Hughes Amys LLP | November 1, 2012
Catastrophe modeler EQECAT Inc. revised its loss estimates Thursday for Superstorm Sandy in the United States, estimating insured losses of between $10 billion and $20 billion, and total economic damages of between $30 billion and $50 billion. The firm’s pre-landfall estimate for the storm, issued on Oct. 29, was about $5 billion in insured damages, […]
By Canadian Underwriter | November 1, 2012
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