Top 10 Insurance Headlines from Canada The prolonged economic downturn and the fear of prolonged deflation have put new financial strains on governments. On April 11, 2013, the Ontario Superior Court dismissed a $150-million claim for damages by three former medical residents against the University of Ottawa. A discussion on a recent case, where the Court of Queen’s Bench for Saskatchewan has sent a strong message to insurance companies, by setting new high-water marks for punitive damage awards. British Columbia’s Limitation Act, RSBC 1996, c. 266 (the "Current Act"), sets out the time period that an individual has to file a civil claim. The Court of Queen’s Bench for Saskatchewan has sent a strong message to insurance companies in a recent decision by setting new high-water marks for punitive damage awards. In Bondy v. London (City), the Court considered whether the City of London and/or a homeowner were liable for a slip and fall accident that occurred on the paved portion of a municipal boulevard that formed part of a residential driveway running from the municipal sidewalk to the roadway. The decision of the Court of Appeal in the La Capitale case has been expected since February 2012 when the Superior Court dismissed the class action taken against an insurer who, with the consent of the policyholder, had unilaterally modified the waiver of premiums clause in a group insurance contact. If you have ever wondered about the educational requirements to become a general insurance agent in Ontario or how to renew a corporate insurance adjuster licence, the answers to those and similar questions are now much easier to obtain. Section 8 of the Fatal Accidents Act enables parents, children, and the spouse of a deceased person killed by a wrongdoer to receive compensation. The life insurance industry has been affected by a number of factors over the past few years. |