Insurance Brokers and Insurance Agents are the professionals that we count on to advise us about the different insurance policies and coverages that are available to protect our businesses and our families from fires, car accidents and disability. Not all insurance policies are created equal.  The Insurance Act and regulations provide some protection to consumers but most people follow the recommendations of their insurance broker or agent.  It is important to have regular reviews of your insurance coverage to make sure that you have enough insurance to cover the financial risks that could affect you. You should find out from your [...]

Your car insurance policy requires your insurer to hire a lawyer to defend you if you are sued.  But what if your insurer offers to pay your liability limits and then walk away?  In a recent case that's exactly what happened. Mr. Malaviya had chosen to have just the minimum amount of car insurance you can ($200,000).  He was involved in an accident and was sued for more than $200,000.   His insurer offered to pay the $200,000 to the plaintiffs in the lawsuit and asked the Court to declare that it had no further duty to defend him. The application was dismissed because the Insurance Act does not say [...]