Canadian Underwriter

Keyword
Ontario

News InsuranceLegislation / Regulation

Government of Manitoba announces legislation to reduce red tape imposed on businesses, industry and local governments

March 20, 2017 by Canadian Underwriter

The Government of Manitoba has announced proposed legislation that would reduce outdated, contradictory, complicated or ineffective regulatory requirements imposed on businesses, industry and local governments, provincial Finance Minister Cameron Friesen said last week. Friesen said in a statement that the

News InsurancePersonal Lines

Square One finds it ‘surprising’ how many renters go without home insurance

March 20, 2017 by Canadian Underwriter

A survey indicates that most renters in Alberta, Ontario and British Columbia have home insurance, Square One Insurance Services Inc. suggested Monday. The Vancouver based firm “recently surveyed over 1,500 renters in British Columbia, Alberta and Ontario.” More than a

News Catastrophes

Hazmat spill from truck kills driver, closes Ontario highway 401

March 15, 2017 THE CANADIAN PRESS

A stretch of Highway 401 through eastern Ontario remained closed early Wednesday following weather-related collisions that left one person dead, 28 people injured and officials scrambling to contain a chemical spill. Ontario Provincial Police say there were two collisions on

News AssociationsInsuranceLegislation / RegulationPersonal Lines

Ontario private member’s bill proposes 15% cap on personal injury lawyers’ contingency fees

March 10, 2017 by Canadian Underwriter

A bill tabled Wednesday in the Ontario legislature, by a backbench Liberal MPP, would limit lawyers’ contingency fees in the province, for personal injury claims, to 15%. If passed into law, Bill 103 would stipulate that “contingency fees be capped

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

2016 insured losses for Canadian cats reached about $4.9 billion last year – 10 times more severe than 2015: PCS

March 7, 2017 by Canadian Underwriter

Insured losses from catastrophe events in Canada reached about $4.9 billion last year, nearly 10 times more severe than 2015, the quietest Canadian catastrophe year on record, according to Property Claim Services’ (PCS) full-year 2016 review. In 2016, PCS designated

News Commercial LinesInsurancePersonal Lines

Partnership creates “Canada’s largest Indigenous-owned insurance agency”

March 6, 2017 by Canadian Underwriter

TIPI Insurance Partners and IMI Brokerage Company have announced a partnership to create “Canada’s largest Indigenous-owned insurance agency,” providing property insurance, pension plans and group benefits designed exclusively for Indigenous people. Announced late last week, the partnership roughly doubles TIPI’s

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Ontario Securities Commission, U.K. regulator sign co-operation agreement on fintech businesses

February 23, 2017 by Canadian Underwriter

The Ontario Securities Commission (OSC) and the United Kingdom’s Financial Conduct Authority (FCA) have signed a new agreement under which fintech businesses in both jurisdictions will be able to seek support from their financial regulators as they look to operate

News InsuranceLegal

Supreme Court rules on admissibility of police drug recognition experts in criminal impaired driving trials

February 23, 2017 by Canadian Underwriter

An Ontario motorist charged with impaired driving is facing a third trial now that the Supreme Court of Canada has ruled that a judge did not have to hold a voir dire before admitting opinion evidence from a police drug

News CatastrophesCommercial LinesInsurancePersonal Lines

Economical Insurance gross written premiums up 4.8% in Q4 2016 to $521.8 million

February 22, 2017 by Canadian Underwriter

Economical Insurance has reported that gross written premiums (GWP) for the fourth quarter of 2016 ending Dec. 31 grew by $23.8 million, or 4.8%, to $521.8 million from $498 million in Q4 2015. In particular, personal lines premiums grew by

News CatastrophesCommercial LinesInsuranceTechnology

Transport Canada urged to ‘identify appropriate mitigating strategies’ to reduce severity of derailments involving dangerous goods

February 17, 2017 by Canadian Underwriter

The federal transport department should study the factors involved in severity of train derailments involving dangerous goods, Transportation Safety Board of Canada said Thursday. TSB – a separate organization from Transport Canada that investigates rail, aviation, marine and pipeline incidents

News Climate ChangeInsuranceMarkets / Coverages

60% of Ontarians at least somewhat oppose cap and trade: Nanos Research poll

February 17, 2017 by Canadian Underwriter

A new province-wide poll has found that more than 60% of Ontarians at least somewhat oppose cap and trade, which is designed to help fight climate change and reward businesses that reduce their greenhouse gas emissions. The Nanos Research poll,

News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesPersonal Lines

Echelon Financial Holdings Inc. sees lower net income for 2016 full-year, Q4 over prior-year periods

February 17, 2017 by Canadian Underwriter

It was a mixed bag for Echelon Financial Holdings Inc. (EFH) in the fourth quarter of 2016, with strong commercial lines results and lower personal lines results combining to contribute to a 70% drop in net income to about $2.6