Insurance
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October 16, 2024
Alberta hits new record in Canada for auto insurance lawsuit costs
Alberta has hit a new record in Canada with the cost of the average auto insurance legal settlement in the province exceeding $100,000 in 2023, according to new data from the General Insurance Statistical Agency (GISA), which is overseen by provincial insurance regulators.
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October 16, 2024
Ottawa says national action plan helped cut auto theft by 19 per cent, boosted vehicle interceptions
Ottawa's national action plan to combat auto theft has resulted in a 19 per cent decline in auto thefts over the first half of the year and an increase in the number of stolen vehicles intercepted by the Canada Border Services Agency (CBSA), according to a federal government news release.
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October 15, 2024
OSFI: Pension plan solvency ratios, share of fully funded pension plans up in 2023-24
The share of underfunded pension plans in Canada at the end of 2023 fell to 11 per cent from 17 per cent in 2022 as the average solvency position of pension plans improved for a third consecutive year, according to the annual report of the Office of the Superintendent of Financial Institutions (OSFI).
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October 11, 2024
SCC sheds new light on corporate attribution rules, applies them for first time to bankruptcy cases
The Supreme Court of Canada has for the first time applied the common law corporate attribution doctrine in the bankruptcy and insolvency context while also instructing that the corporate attribution rules are not rigid and must be adapted in varied legal contexts to “purposively, contextually and pragmatically” give effect to the policy goals of the law under which a party seeks to attribute to a corporation the actions, knowledge, state of mind or intent of its directing mind.
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October 11, 2024
Ontario Court of Appeal rejects accident victim's effort to amend claim to name truck driver
More than 10 years after a motorcycle accident seriously injured an Oshawa, Ont. man, the Ontario Court of Appeal has rejected his effort to amend his claim to reflect the identity of the truck driver he believes caused the accident.
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October 11, 2024
Deciding adjournments: Case highlights how Licence Appeal Tribunal favours expediency over fairness
The Ontario Divisional Court recently released its decision in Fernandez v. Commonwell Mutual Insurance, 2024 ONSC 5180, in which it unanimously decided that the Licence Appeal Tribunal unfairly denied the applicant’s request for an adjournment, which was on consent (with terms).
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October 11, 2024
Prioritizing mental health in the workplace
On World Mental Health Day on Oct. 10, we were reminded of the vital role that mental health plays not just in individual lives but also within our communities and workplaces. The global conversation surrounding mental health has grown significantly over the years, yet we still face considerable barriers that impede progress.
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October 10, 2024
Ontario Court of Appeal upholds $547K damages award against insurer for denying stolen jewelry claim
The Ontario Court of Appeal has upheld an award of $547,100, including a $45,000 punitive damages award, against an insurer that denied a claim for stolen jewelry on the basis that the insured had not established that they owned the jewelry.
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October 09, 2024
Personal injury lawyers ask SCC not to make it harder for clients to sue foreign defendants
When can people injured abroad sue in Canadian courts? Does the presumption of innocence apply in non-criminal settings? When a miscarriage of justice occurs, what is the scope of an appeal court’s power to acquit when setting aside a guilty plea? These are some of the questions raised by appeals slated for the Supreme Court of Canada’s new fall session as counsel began making their arguments this week in a court building with stepped-up exterior security features, such as an imposing barricade of large cement planters.
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October 08, 2024
Insured mortgage refinancing for secondary suite construction to be available starting 2025
The federal government has announced that homeowners looking to add secondary suites will be able to refinance insured mortgages, according to an Oct. 8 release. The government has also increased the mortgage insurance home price limit for those refinancing to build a secondary suite to $2 million.