Canadian Underwriter

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Legislation / Regulation


News InsuranceLegislation / Regulation

Threat of adverse selection prompts auto carrier to start credit checks

July 13, 2021 by Greg Meckbach

Nova Scotia motorists who consent to a “soft” credit check from Economical Insurance will soon be eligible to get a discount on their auto premium, the province’s regulator announced Monday. The Nova Scotia Utility and Review Board (NSURB) has already

News BrokersCommercial LinesInsuranceLegislation / RegulationRisk

Looking for a quick D&O rebound after COVID? Don’t hold your breath….

July 9, 2021 by David Gambrill

Brokers looking to see directors’ and officers’ (D&O) insurance pricing and capacity rebound quickly after the pandemic had better not hold their breath — especially with the Canadian government now starting to pull the plug on certain COVID relief measures

News InsuranceLegislation / RegulationTechnology

Insurer ups distracted driving from minor to major conviction

July 6, 2021 by Greg Meckbach

Nova Scotia motorists could be out of luck when they try to renew their auto insurance if they got caught more than once using a hand-held gizmo when they should be paying attention to the road. In a ruling posted

News ClaimsClaims CanadaInsuranceLegalLegislation / RegulationTechnology

Internet kills idea of an inconvenient place to defend your client: Judge

June 30, 2021 by David Gambrill

In the age of Zoom, the Ontario Superior Court of Justice has essentially found that it doesn’t really matter in which jurisdiction you defend your clients in an arbitration hearing — it’s all part of the common cyber landscape now.

News ClaimsClaims CanadaLegislation / RegulationRiskTechnology

These highway features may encourage distracted driving

June 25, 2021 by Greg Meckbach

Medians and wide shoulders on highways could encourage distracted driving by giving drivers a false sense of security, transportation researchers suggest in a recent paper. “The combination and presence of a shoulder, median, higher speed limit, and extra lanes could

News Earnings / RatingsInsuranceLegislation / Regulation

How the feds propose to tax insurers’ deferred profits under IFRS 17

June 10, 2021 by David Gambrill

Canada’s finance department is looking to avoid a situation in which the new IFRS 17 accounting standards may give Canadian P&C insurers a tax advantage over other Canadian business sectors. Canadian P&C insurers are working hard to update to new

News ClaimsClaims CanadaInsuranceLegalLegislation / Regulation

Why Intact didn’t have to pay $10K for a claimant’s proposed medical report

May 17, 2021 by David Gambrill

Ontario’s Licence Appeal Tribunal (LAT) has ruled that Intact Insurance is not obligated to fund a claimant’s $10,200 multidisciplinary report, the purpose of which was to dispute Intact’s decision to cease income replacement benefits after a 104-week period of entitlement.

News BrokersInsuranceLegalLegislation / RegulationMGAs

Inactive Alberta brokerage ordered to pay $6K for failing to remit client funds to MGA

May 14, 2021 by David Gambrill

Alberta-based NIB Insurance Group Ltd., now an inactive brokerage, has been ordered to pay $6,000 in civil penalties for failing to remit client premiums to an MGA, and for selling a policy to a client while it was no longer

News ClaimsInsuranceLegalLegislation / RegulationRisk

How these auto reforms could reduce liability exposure for hospitality clients

May 10, 2021 by David Gambrill

B.C.’s move towards a form of no-fault auto insurance could wind up reducing liability exposure for commercial insureds in the hospitality and other high-risk sectors, according to a recent blog by Borden Ladner Gervais LLP. The province’s no-fault amendments came

News Commercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Where Canadians rank among their global peers in how much premium they pay

May 8, 2021 by David Gambrill

Canadians tend to pay higher premium for insurance than citizens in many, if not most, other developed nations, according to a recent report from the C.D. Howe Institute. Three years in the making, the report is authored by Alister Campbell,

News BrokersInsuranceLegalLegislation / Regulation

Insurance certificate fraud costs ex-broker $26K

May 5, 2021 by David Gambrill

Alberta’s broker regulator has issued a civil penalty of $26,000 against a former broker found to have issued false insurance certificates to clients as “placeholders” until coverage was bound — which it never was. The penalty was based on 52

News ClaimsLegislation / Regulation

Why insurers like Ontario’s plans to restrict tow trucks

April 29, 2021 by Greg Meckbach

Ontario tow truck operators will be prohibited from stopping within 200 metres of motor vehicle accidents unless they are specifically asked to do so by people involved in the collision. This is what will happen if Bill 282, the Moving