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Charles Sousa
LCBO to oversee 150 standalone cannabis retail stores, Ontario government says
September 11, 2017 by Canadian UnderwriterThe Liquor Control Board of Ontario (LCBO) will oversee approximately 150 standalone cannabis retail stores, the provincial government said on Friday as part of its “safe and sensible framework” to manage the Government of Canada’s plan to legalize cannabis by…
BIP Talk aims to let brokers ‘better understand’ underlying problems with Ontario auto insurance: Forgeron
August 25, 2017 Greg Meckbach, Associate EditorMore than four months after the release of David Marshall’s report on auto insurance, Insurance Bureau of Canada’s president and chief executive officer is hoping Ontario’s brokers will “add their voice” to calls from the industry to “fundamentally overhaul” auto…
Intact has yet to see ‘full impact’ of 2016 change to Ontario auto catastrophic impairment criteria
August 3, 2017 by Canadian UnderwriterIt has been more than a year since Ontario changed its criteria for catastrophic impairment and reduced the mandatory coverage for accident benefits, but the “long tail profile” of accident benefits claims means the Ontario reforms “have not fully been…
EY report on reforming B.C. auto points to impending restrictions in Australia on auto accident benefits for minor injuries
July 27, 2017 by Canadian UnderwriterA report released April 11 by the Ontario finance ministry “contains many useful learnings” for British Columbia’s government-run auto insurer, Ernst & Young LLP suggested in a report released July 24. In Affordable and Effective Auto Insurance – a New…
‘Fresh approach’ needed for Ontario auto insurance: IBC CEO
April 25, 2017 Greg Meckbach, Associate EditorA report released two weeks ago is “probably the best description we have to date of what is wrong” with Ontario’s auto insurance system, the chief executive officer of Insurance Bureau of Canada said Tuesday. In opening remarks at IBC’s…
New Ontario financial authority should monitor auto insurers with ‘unusual number’ of LAT appeals: Marshall
April 12, 2017 by Canadian UnderwriterNeither the behaviour of personal injury lawyers nor “excess profits” of insurers are to blame for high auto premiums in Ontario, but the government should consider restricting lawyers’ contingency fees, a special advisor to the provincial government suggested in a…
Hospital-based examination centres should provide Ontario auto accident treatment plans: Marshall
April 12, 2017 by Canadian UnderwriterOntario should not move to a government-run auto insurance system but the province should establish hospital-based examination centres with authority to establish treatment plans that would have to be provided by the insurers, without dispute, a special advisor to the…
Ontario should adopt ‘multi-provider insurance system’ for new home warranties: Cunningham
April 3, 2017 by Canadian UnderwriterWarranties that new homes in Ontario are free from defects should be available from multiple providers and treated as insurance products, former judge J. Douglas Cunningham recommended in a recent report. Warranty coverage currently available from Tarion Warranty Corp. “should…
Ontario launches consultations to cut red tape in financial services sector
December 1, 2016 by Canadian UnderwriterThe province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be…
IBC applauds Ontario government’s decision to move forward with creation of new financial services regulator
November 15, 2016 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is applauding the Ontario government’s decision to move forward with the creation of a new financial services regulator. On Monday, the government of Ontario announced in its 2016 Ontario Economic Outlook and Fiscal Review…
Ontario to introduce legislation to establish new Financial Services Regulatory Authority
November 14, 2016 by Canadian UnderwriterThe Ontario government has announced that it will introduce legislation to establish the initial parameters for the Financial Services Regulatory Authority (FSRA), “a new independent and flexible regulator of financial services and pensions that, once established, would be more consumer-focused…