Thanks to the overhaul of financial rules becoming law on July 21, the Federal Deposit Insurance Corp. can truthfully say “the check is in the mail” to about 9,500 customers of banks that failed in 2008. The agency plans to mail depositors roughly $200 million on July 22. The maximum the FDIC would insure in [...]
A recent online survey conducted by the British Columbia Automobile Association offers a “good news/bad news” story for the recently implemented distracted driving law and provincial road safety. The good news is that almost all drivers surveyed are aware of the new law. The vast majority of those who previously talked or texted while driving [...]
Critics say the national do-not-call list is a sham and should be scrapped after figures suggest there is little enforcement despite more than 300,000 complaints against unwanted telemarketers. Responding to a query by Liberal Senator Percy Downe, the federal government said it has imposed $73,000 in fines in less than two years – but collected [...]
Manitoba drivers caught texting or using hand-held cellphones could face a fine of almost $200 under a new law that takes effect July 15 under amendments to the Highway Traffic Act, Infrastructure and Transportation Minister Steve Ashton announced. A public-education, multimedia campaign has reminded motorists that if they are on the road, they should stay [...]
A Toronto woman is suing cellphone provider Rogers Wireless for a breach of privacy that she says led to the breakup of her marriage. Gabriella Nagy is asking for $600,000 in damages for invasion of privacy, breach of confidence, breach of contract and negligence. Nagy said it began in 2007, when her husband signed up [...]
The death of a four-year-old girl killed by an alleged drunk driver two years ago in Delta has prompted the B.C. government to get tougher with impaired drivers. Solicitor General Mike de Jong says the B.C. government wants to cut drunk driving deaths in the province by 35 per cent by 2013. The parents of [...]
Insurance companies are gearing up to recoup from Toyota money they paid for claims in crashes involving sudden acceleration, the subject of major safety recalls by the Japanese automaker. It could also mean money back for some drivers who paid deductibles. At least six major insurers, including State Farm Insurance, Allstate Corp. and Geico, have [...]
View the video here on your mobile device. The Manitoba government is moving to prevent criminals from using body armour and armoured vehicles. The NDP government has tabled a bill that would require anyone buying outer protection to get a permit, unless they were a police officer or corrections guard. People who sell body armour [...]
View the video here on your mobile device. The B.C. government plans to toughen motorcycling rules after a report from the B.C. Coroners Service made recommendations. Between 2000 and 2007, 286 motorcycle-related deaths were reported to the Coroners Service. In light of the rising number of fatalities, B.C.’s chief coroner convened a death review panel [...]
A Burlington, Ontario woman is suing Great-West Life Assurance for $2 million, alleging that the insurance company helped destroy her marriage after one of its employees had an affair with her husband. Joanne Fraleigh says that Great-West was negligent and failed to properly supervise its employees after former senior benefits representative Catherine Lake Killen engaged [...]
View the video here on your mobile device. Relatives of a family killed in a high-speed crash that galvanized attention around safety flaws of Toyotas and led to the recalls of millions of cars have sued the world’s largest automaker for product liability and negligence, according to a lawsuit filed on March 3. The lawsuit [...]
View the video here on your mobile device. The Insurance Bureau of Canada has released a voluntary code of conduct for insurers’ use of credit information. IBC said the purpose of the Code is to provide insurers who use credit information in their underwriting and rating activities for personal insurance with guidelines on the use [...]
View the video here on your mobile device. The former clients of Earl Jones are seeking the right to sue the Royal Bank of Canada for allegedly allowing the disgraced Montreal financial adviser to blow through their savings. A statement of claim was filed in Quebec Superior Court late February 5 against the financial institution [...]
View the video here on your mobile device. A new study from the insurance industry finds that state laws banning the use of handheld devices to make a call or send a text message while driving have not resulted in fewer vehicle crashes. The study, released by the Highway Loss Data Institute, examined insurance claims [...]
View the video here on your mobile device. Former financial adviser Earl Jones has pleaded guilty to two charges related to defrauding investors of about $50 million. Jones entered the plea in a Montreal courtroom on January 15. Jones ran a Ponzi scheme that led to the disappearance of millions of dollars in investors’ savings. [...]
View the video here on your mobile device. The Law Reform Commission of Nova Scotia is calling for changes to provincial laws in order to encourage the cleanup of contaminated properties. A commission report on contaminated sites says that such properties are subject to far-reaching environmental legislation. But the commission says the current laws can [...]
View the video here on your mobile device. Toronto lawyer Stan Grmovsek has been sentenced to 39 months in prison for his role in a massive insider trading scheme that netted him and a friend about $9 million. Grmovsek and a friend from law school, Gil Cornblum, used the insider information they had access to [...]
