Insurance
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September 04, 2024
IBC: Jasper wildfire, severe weather events causing most challenging summer on record for insurers
The Jasper wildfire, Calgary hailstorm and flooding in regions of Southern Ontario and Quebec have already resulted in 228,000 home, auto and business insurance claims, around 68 per cent more than all insurance claims in all of 2023, according to the Insurance Bureau of Canada (IBC).
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August 30, 2024
Report: Nova Scotia workers’ compensation system needs to cut costs, time lost to injury
Nova Scotia’s workers’ compensation system (WCS) should review its cost structure and introduce penalties for workers and employers who don’t co-operate in the return-to-work process to make the underfunded system more sustainable, according to a review of the system.
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August 30, 2024
P.E.I. expands nursing duties, recognizes psychiatric nursing
Expanding the scope of nursing on Prince Edward Island will broaden legal perspectives “on what appropriate care looks like” — particularly when it comes to the recognition of psychiatric nurses, says a lawyer.
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August 28, 2024
Benefits are available for passengers injured in auto accidents
Passengers injured in automobile accidents in Ontario can make a claim for damages regardless of which driver was at fault. The provincial no-fault insurance system ensures that auto insurance policies cover injured passengers. However, sometimes the injuries might exceed the policy limits. In those situations, it’s important to work with a personal injury lawyer to take legal action to win the compensation that will allow the individual to recover fully from the accident.
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August 27, 2024
Court: Insurer to pay defence costs for uncovered claims with cost reallocation post trial
The Ontario Court of Appeal has ordered Aviva Insurance to cover all past and future defence costs for an insured in a personal injury case, despite certain pleaded claims not being covered under the relevant policy, with costs to be reallocated at the end of the trial.
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August 23, 2024
New associates join Loopstra Nixon
Recent news releases from Loopstra Nixon LLP announced the addition of two new associates: Erin Hébert and Michael Juranka.
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August 22, 2024
How AI could assist in offering mental health care | Courtney Mulqueen
Chatbots providing mental health support could help to fill the gap left by a critical shortage of human therapists.
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August 16, 2024
Court sets prejudgment interest rate, citing plaintiff’s and insurer’s investment returns
The Ontario Court of Appeal has set prejudgment interest on non-pecuniary and past pecuniary damages in a personal injury case to 8.46 per cent, replacing the statutory five per cent rate, after considering a plaintiff’s investment returns during the relevant period.
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August 14, 2024
CCIR unveils report on governance, business culture for fair treatment of customers in insurance sector
On June 27, 2024, the Canadian Council of Insurance Regulators (CCIR) issued a report titled “Governance and Business Culture in terms of Fair Treatment of Customers: Consolidated Observations, Recommendations and Good Practices” (the report).
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August 13, 2024
Court affirms denial of $125M professional liability claim by law firm due to late reporting
The Ontario Court of Appeal has ruled that certain professional liability insurers are not required to cover a $125 million claim because the insured law firm failed to report it within the policy period.