Claims

Trial judge should have considered effect on costs of settlement offer that didn’t conform to Rules of Civil Procedure: Appeal Court Fallback Image Decorative pattern

Claims

Trial judge should have considered effect on costs of settlement offer that didn’t conform to Rules of Civil Procedure: Appeal Court

An Ontario trial judge erred by not considering the mitigating factor on costs of a reasonable settlement offer that did not conform to the Rules of Civil Procedure, the Ontario Court of Appeal ruled in a consolidated auto injury tort action that turned on the joint and several liability of co-defendants.In Lawson v. Vierson, Martha […]

By Canadian Underwriter | January 25, 2012

2 min read

Fracking a lesser-known, but significant environmental insurance risk: WillisWire Fallback Image Decorative pattern

Claims

Fracking a lesser-known, but significant environmental insurance risk: WillisWire

Fracking, a hydraulic process used to extract gas from shale formations, is one of several, lesser-known energy risks facing the environmental insurance industry in 2012, according to bloggers writing for WillisWire.”There is much debate and concern surrounding fracking due to the chemicals utilized-for example acids to dissolve minerals and create cracks and surfactants to make […]

By Canadian Underwriter | January 24, 2012

1 min read

70% chance that a Magnitude 7 or greater quake could hit Tokyo region in the next four years: research Fallback Image Decorative pattern

Claims

70% chance that a Magnitude 7 or greater quake could hit Tokyo region in the next four years: research

New research by the University of Tokyo’s Earthquake Research Institute suggests a 70% chance that a Magnitude-7 or greater earthquake could hit the Tokyo region sometime over the next four years.This new research, widely reported in the media, considerably steps up the timetable that such an event might happen in the future. The Earthquake Research […]

By Canadian Underwriter | January 24, 2012

2 min read

First insurer in priority dispute cannot claim an application for benefits is not “completed” if its search for missing information is not diligent: court Fallback Image Decorative pattern

Claims

First insurer in priority dispute cannot claim an application for benefits is not “completed” if its search for missing information is not diligent: court

The Ontario Court of Appeal has found that in a priority dispute between insurers, the first insurer to receive a claim for accident benefits cannot claim it did not receive a “completed application” if it was not diligent in investigating the missing information.In Ontario (Finance) v. Pilot Insurance Company, an unidentified motorist hit an uninsured […]

By Canadian Underwriter | January 20, 2012

3 min read