The federal government’s Emergencies Act requires insurance companies to “immediately cease” auto insurance coverage to Freedom Convoy protestors. But the act is noticeably silent on whose insurance should be suspended or how it should be done. All that is known at the moment is that the Emergencies Act trumps notice of cancellation requirements established in provincial law.
How the Emergencies Act is to be enacted is a hot topic in the Canadian P&C industry.
Kadey Schultz of Schultz Frost LLP says the act could cause “long-tail financial” effects for both insurers and insureds.
Read the full article in Canadian Undewriter by clicking on "Read Now", above.
Contact Kadey at
416.969.3436
or email at
kschultz@schultzlawgroup.ca
