Insurance
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September 26, 2024
Competition Bureau gives green light to $5B National Bank takeover of Canadian Western Bank
The Competition Bureau has cleared the way for Montreal-based National Bank of Canada’s $5 billion acquisition of Edmonton-based Canadian Western Bank (CWB), despite the federal government’s stated goal to increase competition in the financial sector.
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September 24, 2024
Appeal court finds insurance policy barred claims from previous employee class action
The Ontario Court of Appeal has ruled that an insurance policy provided to directors and officers of an insolvent company barred coverage for claims asserted in an employment class action brought against the company.
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September 24, 2024
Ontario Court of Appeal upholds buyer’s right to nix sale, retain deposit over open building permit
The Ontario Court of Appeal has upheld a finding that a prospective buyer of a commercial property was entitled to terminate a purchase agreement as the seller had failed to delete an open building permit on the property.
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September 24, 2024
The succession rights of unborn children: Intestacy
Intestate succession in Ontario is governed by a structured and complex process under the Succession Law Reform Act (SLRA). The legislation first provides for the surviving spouse and descendants, and if there are none, it makes provision for other blood relatives of the intestate.
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September 19, 2024
Treasury Board president Anita Anand gets second Cabinet post as transport minister
Liberal MP Anita Anand, the president of the federal Treasury Board and former defence minister in the Liberal government, has taken on the additional post of minister of transportation.
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September 17, 2024
Court overturns certification of class action against GM over defective coolant systems
The Saskatchewan Court of Appeal has overturned the certification of a class action against General Motors (GM) concerning allegedly defective coolant systems in Chevrolet Cruze vehicles.
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September 16, 2024
Ottawa raises insured mortgage cap, expands eligibility for 30-year amortizations
The federal government has announced an increase in the home price cap for insured mortgages to $1.5 million and an expansion of eligibility for 30-year mortgage amortizations to include first-time homebuyers and all buyers of new builds.
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September 10, 2024
Federal lawyers’ union contends Ottawa’s return-to-office order is ‘arbitrary, counterproductive’
Arguing that the federal government’s return-to-office directive to public servants is “costly, inefficient, arbitrary, and counterproductive,” the union for more than 3,500 federal lawyers has challenged the federal Treasury Board direction that lawyers and most other federal workers must be physically present in their workplaces at least three days a week.
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September 06, 2024
But did he die of anything serious? | Marcel Strigberger
Thirty-nine-year-old Jesse Kipf of Somerset, Ky., got sentenced to nine years in the slammer for faking his death. He pulled the stunt in order to avoid paying child support. To achieve his goal, he apparently accessed information about some doctor in the United States and used this info to obtain and post a death certificate in several registries. When he was found out and arrested, he spilled the beans regarding his actions and subsequently pleaded guilty to fraud-related charges.
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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).