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Legislation / Regulation


News InsuranceLegalLegislation / Regulation

With the pandemic abated, OSFI restarts work on IFRS 17

August 17, 2020 by David Gambrill

Three things in life are inevitable — death, taxes, and the transition to IFRS 17. With the country now over what appears to be the worst of the COVID-19 pandemic thus far, Canada’s solvency regulator, the Office of the Superintendent

News AssociationsInsuranceLegislation / Regulation

Retiring CAMIC president reflects on the mutuals’ biggest issues over three decades

August 14, 2020 by Jason Contant

After nearly three decades as the head of Canada’s national mutual insurance association, Normand Lafreniere, who announced his retirement recently, talked to Canadian Underwriter about his work on three major files — income tax reductions, demutualization, and limiting banks’ and

News ClaimsInsuranceLegislation / Regulation

This insurer is allowing some COVID-19 support measures to expire

August 10, 2020 by Jason Contant

The Insurance Corporation of British Columbia (ICBC) announced Friday that three of the temporary measures it introduced in response to the COVID-19 pandemic are set to expire in the coming weeks. The B.C. Utilities Commission had approved ICBC implementing the

Feature BrokersLegislation / RegulationProfessional Development

Balancing Act

August 8, 2020 CIP Society

What happens when an agreement is breached due to COVID-19? Experts share their thoughts

News Legislation / Regulation

Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto

July 29, 2020 THE CANADIAN PRESS

CALGARY – The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline. It says the incident near Oakville could potentially have

News InsuranceLegislation / Regulation

What road tests and bookings may look like during the pandemic

July 23, 2020 by David Gambrill

B.C.’s public insurer is starting to re-book road tests that were interrupted by the pandemic, prioritizing drivers whose Class 5 and 7 road tests were cancelled between Mar. 17 and June 26, 2020. The insurer is reaching out to Class

News BrokersInsuranceLegislation / Regulation

What happened to the ex-broker who claimed he was a CE instructor, but wasn’t

July 22, 2020 by David Gambrill

A former broker who has vowed never to return to the insurance industry has been ordered to pay a $5,000 civil fine for claiming to be a CE instructor when he had not in fact taught the course he claimed

News ClaimsInsuranceLegalLegislation / Regulation

Court dismisses class action against insurers for handling of HST in auto AB claims

July 17, 2020 by David Gambrill

Ontario’s Superior Court has quashed a proposed class action lawsuit against 16 Ontario auto insurers — a dispute related to insurers deducting HST tax from accident benefits paid out to minor auto accident injury victims — because only the LAT

News BrokersInsuranceLegislation / Regulation

How a simple office procedural error led to a fine for a broker, the nominee, and the brokerage

July 15, 2020 by David Gambrill

A “lack of appropriate office procedures,” in addition to a “casual” approach to handling a client file, led to a series of miscues that resulted in coverage not being bound for a married couple who reported a theft of their

Feature BrokersLegislation / Regulation

Briefing Note: Newfoundland and Labrador

July 12, 2020 Canadian Underwriter Staff

Canada’s most easterly province had a tough start to 2020, says Kelly Hickman, president of South Coast Insurance in St. John’s. The province’s brokers have been working through a tough commercial market. They’re seeing “tighter underwriting restrictions, and less capacity,”

News BrokersInsuranceLegislation / Regulation

Broker fined $2K for obtaining premium relief for a client while unlicenced

July 10, 2020 by David Gambrill

A Manitoba broker was recently fined $2,000 after obtaining premium relief for a client within hours of being told by the regulator that he was unlicensed to act as a broker. On Dec. 19, 2018, Darcy Dion Boguski completed the

News ClaimsInsuranceLegalLegislation / Regulation

Auto insurers, province dispute whether B.C.’s Bill 11 limits competition

July 9, 2020 by David Gambrill

The Insurance Bureau of Canada (IBC) has published an open letter to British Columbia Premier John Horgan, outlining concerns that the province’s Bill 11 may “stifle the limited competition that currently exists in BC’s optional auto insurance market,” a claim