Topic
Legislation / Regulation
What COVID-19 means for your insurance education
March 26, 2020 by David GambrillCOVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk…
How COVID-19 is changing insurance transactions in B.C.
March 25, 2020 by Jason ContantThe COVID-19 pandemic sweeping across the globe and here at home is changing the way auto insurance transactions are conducted in British Columbia. Last week, the government of British Columbia announced it would allow certain auto insurance transactions, such as…
How a regulator made it easier for P&C industry to social-distance
March 19, 2020 by Greg MeckbachBritish Columbia’s broker regulator has temporarily its loosened rules governing the workplace location of Level 1 salespeople, allowing them to work from home during the COVID-19 pandemic. The temporary rule change took effect Thursday. “The Insurance Council of BC shares…
Non-Canadians (with exceptions) barred from entering Canada
March 16, 2020 by David GambrillIn an aggressive move to stop the spread of COVID-19 cases in Canada, Prime Minister Justin Trudeau announced Monday that the federal government will be closing the country’s borders to people who are not Canadian citizens or permanent residents. Exceptions…
Why it’s nearly impossible to figure out how profitable Ontario auto is
March 13, 2020 by Greg MeckbachYour Ontario auto clients have probably read media reports claiming they have been “over-paying” for years, but at the same time your markets are probably telling you they either lose money or barely break even on the product. So how…
Politicians debate merits of insurer-based new home warranty
March 12, 2020 by Greg MeckbachOntario’s home warranty program will have a new mandate to resolve claims soon as possible, but there’s still no plan to have home warranties written by property and casualty insurers, provincial politicians confirmed. “The government has decided to continue with…
Broker banned for committing insurance fraud
March 4, 2020 by David GambrillA B.C. broker has been banned from holding a licence for five years and fined $5,000 for committing insurance fraud. The province’s broker regulator, the Insurance Council of B.C., found that Martin Hroch submitted 74 false insurance claims for physiotherapy…
What IBC and brokers think would improve condo insurance affordability in B.C.
March 2, 2020 by Jason ContantInsurance Bureau of Canada (IBC) has issued a series of policy recommendations to help improve the affordability of strata insurance in British Columbia, some of which touch upon suggestions made by the province’s broker association. IBC’s recommendations include: Mandatory education…
ICBC profits should not be used to cover other government costs: NDP
March 2, 2020 The Canadian PressVICTORIA – British Columbia’s NDP government wants to prohibit future governments from using profits earned by the province’s public auto insurer to cover other expenses. Attorney General David Eby says the government is planning to introduce legislation in the coming…
What the new reinsurance rules could look like for Canada
February 27, 2020 by Greg MeckbachCanada’s federal insurance regulator will probably impose a policy limit rule, but one that will look different from a controversial rule initially proposed in 2018, a lawyer familiar with insurance solvency rules told Canadian Underwriter. “There has not really been…
Privacy commissioners reveal how egregious employee snooping has become
February 25, 2020 by Jason ContantCases of egregious employee “snooping” in Alberta have exploded to the point where some affected individuals won’t even seek health treatment within their communities anymore, the province’s privacy commissioner said at a conference Friday. Jill Clayton, Alberta’s information and privacy…
How Intact changed its approach to minor driving convictions in Nova Scotia
February 19, 2020 by Greg MeckbachFor Intact clients in Nova Scotia, the difference in premiums paid by drivers with a conviction-free discount and those with a minor conviction or two is about to increase. In addition, the company will be removing some automatic emergency braking…