Topic
Legislation / Regulation
Ontario to take over licensing and oversight of tow truck industry
December 12, 2023 by David GambrillOntario is taking tow truck services out of the hands of municipalities and requiring tow truck operators to be certified and adhere to a Code of Conduct. “This marks the end of municipal regulation of towing and storage operators, with…
Why you can expect more insurance regulation next year
December 11, 2023 by David GambrillAs the hard market proceeds apace in the Canadian P&C insurance industry, a projected economic slowdown in 2024 could invite more insurance regulation, since Canadians will find it harder to pay their insurance bills, a ratings agency warned. “While growing…
Floods, wildfires: How an incorrect address cost a broker his job
December 6, 2023 by David GambrillInsurance Council of British Columbia has fined a former broker $1,500 for failing to notify his commercial client that the company’s address change — which located the business in a floodplain — triggered a lack of coverage during a subsequent…
Is your board looking at their own diversity?
December 5, 2023 by Jason ContantIt’s no longer sufficient for insurance industry board members to talk about diversity across the organization — boards need to actively look at their own diversity and address any gaps, KPMG suggested in a recent thought leadership piece. “To build…
Canadian multinational insurers warned of new tax rules
December 4, 2023 by David GambrillAs if P&C insurers don’t have enough regulatory issues on their plate, tax experts are urging multinational insurers based in Canada to be aware of new international tax rules featuring a minimum global tax rate. “The global tax environment is…having…
Shipper costs to rise as regulator approves preliminary interim Trans Mountain tolls
December 1, 2023 Amanda Stephenson - THE CANADIAN PRESSCALGARY – The Canada Energy Regulator has approved preliminary interim tolls that would see oil companies pay nearly twice as much to ship crude on the expanded Trans Mountain pipeline as what was estimated in 2017. In a decision issued…
How auto insurers responded to Ontario’s auto fraud announcement
November 24, 2023 by David GambrillOntario auto insurers are commending the provincial government for committing $18 million over three years to help police services combat and prevent auto theft. “Last year marked the first time in history when Canada’s insurers paid over $1 billion in claims…
What Ontario drivers might save by dropping DCPD coverage
November 23, 2023 by David GambrillOntario brokers are questioning the value of the Ontario government’s forthcoming new law allowing drivers to drop out of direct compensation property damage (DCPD) coverage for their cars. DCPD coverage is currently mandatory and protects policyholders in the event of…
Auto insurance: How you can live with someone but not be in a “household”
November 22, 2023 by David GambrillA passenger seriously injured in an auto collision caused by an uninsured driver is not considered an “insured” under her father’s or boyfriend’s auto policies, even though she was living with them at the time of the crash, B.C.’s Court…
What worries Canadian businesses about Quebec’s language law
November 22, 2023 by Jason ContantQuebec’s recently enacted French-language law is causing some Canadian businesses concerns about compliance and even fear of losing employees, a new business risk report from Beazley suggested. Bill 96, An Act respecting French, the official and common language of Québec,…
Competition Bureau investigating Applied Systems
November 21, 2023 by David GambrillCanada’s Competition Bureau has obtained a court order to advance a civil investigation into allegations of anti-competitive conduct by Applied Systems Inc. and its affiliates, including Applied Systems Canada Inc. Both the Competition Bureau and Applied Systems replied in separate…
GRC policies do not cover increased compliance costs: Appeal Court
November 7, 2023 by David GambrillA Guaranteed Replacement Cost (GRC) home insurance policy does not provide coverage for increased regulatory compliance costs required for the rebuild, the Court of Appeal for Ontario has ruled, thus reversing a lower court decision last October that found otherwise.…