Topic
Legislation / Regulation
Ontario Liberals eye auto insurance rates and towing sector
May 13, 2022 Philip PoradoOntario Liberals want to bring down auto insurance rates but not via percentage targets, as envisioned by the New Democrats. “We will also work tirelessly to bring down auto insurance rates,” said Ontario Liberal Party press secretary Andrea Ernesaks. She noted that will…
What CISRO’s conduct principles mean for brokers
May 12, 2022 by Alyssa DiSabatinoCanadian Insurance Services Regulatory Organizations (CISRO) has recently published the Principles of Conduct for Insurance Intermediaries, intended to help ensure the fair treatment of P&C consumers — and the Ontario regulator predicts broker compliance will be high. Many of…
4 insurance industry trends to watch
May 11, 2022 Tara KellyIn this third calendar year marked by the pandemic, emerging trends in data collection and security require insurance policy offerings to keep pace with client needs. We can count on innovation and technology to keep reshaping the insurance sector in…
Ontario Election: NDP plans to ban postal code rating for auto insurance
May 10, 2022 by Alyssa DiSabatinoEditor’s Note: The Conservative government outlined its plans for insurance in their budget document, released before the Ontario election, which will take place June 2. Canadian Underwriter is asking Ontario’s political parties for their platforms on insurance. We are printing…
Unlicensed adjuster doesn’t fit the ‘expert’ exemption: Regulator
May 9, 2022 by David GambrillManitoba’s insurance regulator fined a former adjuster $500 and ordered him to pay partial investigation costs of $2,500 for acting as an adjustor without a licence and not, as the former adjuster claimed, as an ‘insurance expert’ helping claimants. Kenneth…
Insurance Act changes may help Alberta as insurers retreat from oil and gas
May 4, 2022 Philip PoradoMajor insurers continue to announce they’ll cease issuing coverage to the oil and gas industry, which remains economically critical to Alberta and other Canadian provinces – and is poised to experience a demand boost as Europe seeks alternatives to Russian…
Good news for Quebec’s D&O insurance market
May 3, 2022 by David GambrillQuebec has taken a big step towards aligning its duty to defend rules with those of other Canadian provinces, meaning certain insurance contracts in Quebec will be exempt from a legal requirement to pay for insurance defence costs above and…
What auto insurers think of Ontario’s reform proposals
May 2, 2022 by David GambrillCanada’s auto insurers are generally pleased with the Ontario government’s direction on auto reform, although many details have yet to be worked out. “Ontario drivers pay too much for car insurance, and this budget makes a bold commitment to improve a…
How Ontario plans to reform auto insurance
April 29, 2022 by David GambrillOntario’s 2022 budget has a short paragraph dedicated to “reducing the cost of auto insurance,” including creating more choice for consumers, cracking down on auto insurance fraud and “enhancing fairness,” which would include new guidance on territorial rating. Exactly how…
Sexual harassment: Grounds for dismissal, but not for denying severance
April 27, 2022 by David GambrillSlapping a woman on the buttocks in the workplace may be grounds for dismissal, but the threshold for terminating severance as a result of sexual harassment requires ‘wilful misconduct,’ the Ontario Court of Appeal has ruled. In essence, if the…
Cabbie assaulted while chasing fare outside taxi is not involved in an “auto accident”
April 19, 2022 by David GambrillA taxi driver who was severely beaten by a passenger, after the driver walked 40-to-50 steps away from his running taxi to collect a fare, was not involved in an insurable “auto accident,” the Ontario Superior Court has confirmed. The…
Not addressing diversity issues creates risk for brokers, survey finds
April 14, 2022 Phil PoradoNearly all Canadian brokers agree addressing diversity, equity and inclusion (DEI) issues is linked to business success, according to a late 2021 Canadian Underwriter online survey of 208 brokers across Canada, made possible with the support of Sovereign Insurance. It…