If any of your clients are receiving Ontario Disability Support Program benefits while waiting for an insurance settlement for personal injury, they might qualify for a loan from Nudorra Capital. Nudorra can lend up to ten per cent (10%) of the claim’s value, under certain conditions. Please note that we cannot lend funds on a Structured Settlement. The key is
For several years, personal injury lawyers representing plaintiffs have told us many reasons that cases take too long. Litigious insurance companies, requests for overly detailed medical reports, centralization of adjusters, armies of experts, and defence counsel delaying tactics have all been mentioned. In addition, the court systems in many provinces have suffered systemic problems for years. In British Columbia, a
Two provinces now have tribunals to handle some aspects of insurance disputes involving MVA personal injuries. British Columbia’s Civil Resolution Tribunal (CRT) was set up in 2016 to remove some small claims from the provincial court and some disputes from the B.C. Supreme Court. In 2019, the Attorney-General also moved minor personal injury claims (up to $5,000) out of court
In recent months, Canada’s paralegals were hit by new rules from the federal government. And Ontario’s paralegals have been hit by provincial budget cuts. Bill C-75 In June, federal Bill C-75, designed to streamline and modernize the criminal justice system, received Royal Assent. The federal government is shifting some caseload away from Superior Court by increasing the maximum penalty for
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
As we reported in June 2015, pending changes to the standard benefits that auto insurers must offer means significant reductions in motorists’ accident benefits. This continues a government push since 2010 to reduce premiums by 15%. (Premiums did fall by 7% to 10% but seem unlikely to decrease beyond this.) Personal injury lawyers who represent plaintiffs see a range of
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
