In our previous article, we looked at the rapid growth of After The Event (“ATE”) insurance and how it has evolved to a wide range of product offerings. When assessing ATE insurance products, there are many considerations. A good “all perils” policy should include: Cover Disbursements, Adverse costs, Arbitration costs, and Interim cost orders Give Delegated Authority to the
Nudorra Capital is promoting the use of ATE Insurance products through a strategic relationship we have with a licensed Insurance Broker. The overwhelming advantages of costs, security, and protection, for both lawyer and plaintiff, speak for themselves. The most important attribute is that insurance companies are licensed and regulated, their capital is protected, and they have decades of global experience.
Changes to ODSP are still unfolding In late November, the Ontario government announced it is changing its definition for people qualifying for disability assistance. They had already announced they were cutting the Liberals’ 3% increase in social assistance to 1.5%. Lisa MacLeod, the Minister of Children, Community and Social Services, said the current social assistance system puts users in a
We wrote a well-received article in 2015 about the Registered Disability Savings Plan (RDSP). The RDSP gives disabled people and their families a way to save and invest money for long-term security. To qualify, the disabled beneficiary must be: Eligible for the Disability Tax Credit (DTC); Under age 60; and A resident of Canada with a valid social insurance
The Financial Post just reported the findings of a recent study funded by the Insurance Bureau of Canada (“Law professor questions whether contingency fees benefit clients”, Legal Post, January 18 2017). Professor Allan Hutchinson of York University’s Osgoode Hall Law School wrote A Study of the Costs of Legal Services in Personal Injury Litigation in Ontario. Professor Hutchinson acknowledged the
Due to a recent decision by the Financial Services Commission of Ontario, some indemnity contracts are no longer available. Nudorra Capital is promoting the use of ATE Insurance products through a strategic relationship we have with an Insurance Broker. The overwhelming advantages of costs, security, and protection, for both lawyer and plaintiff, speak for themselves. THE BOTTOM LINE: Insurance companies
Recently, RBC announced it was selling its General Insurance company to Aviva for $582 million. This happened a few months after Desjardins acquired State Farm’s Canadian business, making them #3 in the industry, after Intact and Aviva. And not many years ago, Intact acquired AXA’s business. In addition, Economical is looking to demutualize, to raise funds which will “likely be
Your injury lawsuit has been settled and your doctor approves your attempt at returning to work. Returning to the workforce after recuperating from an accident or injury can be challenging. You may even be concerned about your ability to perform and need workplace modifications or there are new faces at work that you don’t know. You are not alone with
