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TORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However, a lawyer for Casino Rama countered that, at most, 10,000 to 11,000 people were victimized […]
By Greg Meckbach | March 29, 2019
3 min read
Ontario auto insurance is profitable but loss ratios are unsustainable in Alberta and two of the Maritime provinces, Canada’s Property and Casualty Insurance Compensation Corporation notes. “Importantly for insurers, Ontario’s private passenger auto insurance market remained profitable with a loss ratio of 73.0 percent,” wrote Grant Kelly, PACICC’s chief economist and vice president of financial […]
2 min read
It’s not necessary for an insurer to prove that an insured knew a change in risk was “material” to the carrier, the Supreme Court of British Columbia has ruled. In May 2014, Wawanesa Mutual Insurance Company voided a homeowner’s policy based on a failure to disclose a material change in risk. The reasons cited included […]
By Jason Contant | March 29, 2019
An insurance company does not have to pay a flood victim the cost of living in a campground because that client had a pre-booked vacation trip, the British Columbia civil resolution tribunal has ruled. Patrick Strange took the Canadian Northern Shield Insurance Company to the CRT after the insurer denied a claim for $1,481.03. Strange […]
Despite a recent ruling that harassment is not a free-standing tort in Ontario, corporate clients and their brokers still need to view harassment accusations as a serious liability risk. In Merrifield v. The Attorney General, released in 2017, Justice Mary Vallee of the Ontario Superior Court of Justice awarded RCMP officer Peter Merrifield more than $140,000 […]
By Greg Meckbach | March 28, 2019
WINNIPEG – Dry weather and a slow melt so far have somewhat eased the flood potential in Manitoba, although it will be a few more weeks until the threat passes. The provincial government says with average to unfavourable weather, the Red River should peak roughly at the same level as in 2009. Several communities in […]
By Greg Meckbach | March 27, 2019
Ontario’s Ministry of Finance has proposed regulatory amendments clarifying that harmonized sales tax (HST) is required to be paid in addition to accident benefit limits. If approved, the proposed changes to the Statutory Accident Benefits Schedule (SABS) under the Insurance Act will clarify that HST is required to be paid by insurers in addition to […]
By Jason Contant | March 27, 2019
Environmental liability is not the only line of insurance that could be impacted by the recent Supreme Court of Canada ruling on a trustee in bankruptcy’s obligation do deal with inactive energy assets such as oil wells. In Orphan Well Association v. Grant Thornton Ltd., released Jan. 31, Supreme Court of Canada over-ruled an Alberta […]
It seems that the Canadian catastrophe season is off to a strong start, with five events so far this quarter compared to the normal one. “I will say that we have had an anomalous start to the year,” said Laura Twidle, director of catastrophic loss analysis with Catastrophe Indices and Quantification Inc. (CatIQ). “The number […]
By Jason Contant | March 26, 2019
MONTREAL – Rothmans, Benson & Hedges has become the third tobacco company to receive a temporary reprieve from compensating 100,000 Quebec smokers after securing creditor protection in an Ontario court on Friday. Imperial Tobacco Canada and JTI-Macdonald Corp. were both granted creditor protection earlier this month. The three companies lost an appeal of a landmark […]
By Greg Meckbach | March 26, 2019
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