Class Actions, Lawyers E&O and Law Firm ODL

Will Lawyers’ E&O (aka Errors and Omissions or Professional Liability for Lawyers and potentially their firm) insurance and Law Firm Outside Directorship Liability (ODL) insurance (see former post) get more expensive in Canada? I would suggest that the recent certification of a few Ontario based class action claims should not...
Posted: 10/6/2010 12:00:00 AM by Global Administrator

Outside Directorship Liability (ODL) Insurance in Canada

This is a type of insurance coverage in Canada that is rarely publicized and for which there is little precedent law. The reference to ‘coverage’ as opposed to ‘policy’ is because there is no common insurance policy or wording and no regulation of wording or premium rates for this area of risk.  This makes the consid...
Posted: 9/28/2010 12:00:00 AM by Global Administrator

IFRS and D&O Insurance Implications

For many years (on and off) I have followed the writings of Al Rosen, principal of Rosen & Associates, a forensic accounting firm in Toronto, and of Accountability Research Corp., an independent research company “free from money management conflicts,” here and here. The first thing that caught my attention was the ...
Posted: 6/30/2010 12:00:00 AM by Global Administrator

Fiduciary Duty vs. Fiduciary Liability

The term fiduciary is broadly defined as “Law.- a person to whom property or power is entrusted for the benefit of another.” The termfiduciary duty is used regularly throughout directors’ and officers’ liabilityand professional liability law and insurance, one specific area of professional liabili...
Posted: 3/28/2010 10:54:28 AM by Global Administrator

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