Claims

Commission payments: How the court resolved this dispute between the broker principal and producer

A recent case in Ontario serves as a warning to broker principals not to use an employment offer letter as the sole means to describe the brokerage’s commission structure to a new producer. If a commission structure is complicated, the Ontario decision implies, brokers would be advised to draw up standard employment contracts with a […]

By David Gambrill | February 25, 2020

5 min read

Coverage dispute from 1999 spoiled food recall finally ends

Twenty years after a loss resulting from food getting infested with insects, a commercial client has lost its coverage dispute with St. Paul Fire and Marine Insurance Co. The Supreme Court of Canada announced Thursday it had denied leave to appeal to Marvelous Mario’s Inc., which wanted to contest a Court of Appeal for Ontario […]

By Greg Meckbach | February 25, 2020

3 min read

How Canada’s mandatory breach notification has affected the P&C industry

Canada’s new mandatory breach notification requirements have increased the number of reported claims, leading to a re-shuffling of claims costs for insurers, according to a privacy lawyer. “It definitely leads to more claims and it makes its presence [known] in three ways,” Eric Dolden, a partner at Dolden Wallace Folick LLP, said of the new […]

By Jason Contant | February 25, 2020

3 min read

The ‘social inflation’ affecting Fairfax Financial’s run-off business

Asbestos-related commercial liability claims could soon reach a peak, but they continue to be a concern for the property and casualty insurance industry, suggests Prem Watsa, founder and chairman of Toronto-based Fairfax Financial Holdings Ltd. “Asbestos has been a problem [for the P&C industry] for  some time,” Watsa said Feb. 14 during a conference call […]

By Greg Meckbach | February 21, 2020

2 min read