Topic
Legislation / Regulation
B.C. Green Party introduces ridesharing legislation for the third time
October 23, 2017 by Canadian UnderwriterAndrew Weaver, the leader of the B.C. Green Party, has introduced his Ridesharing Enabling Act for the third time. Weaver previously introduced the bill twice under the previous B.C. Liberal government. The bill has been modified from previous versions to…
New Brunswick to impose new measures for impaired drivers starting Nov. 1
October 19, 2017 The Canadian Press (CPSTF)FREDERICTON – New Brunswick will seize drunk drivers’ cars for up to two months under a law that comes into force Nov. 1 Public Safety Minister Denis Landry says the new law will make the province one of the country’s…
Ontario government pledges ‘further study’ on insurance-type products covering new home warranties
October 19, 2017 by Canadian UnderwriterThe Ontario government proposes to separate the administrator of the new home warranty program from the regulator of new home builders and vendors, but the ruling Liberals want to further study a recommendation to implement a multi-provider insurance system for…
Known risks and new technology such as Hyperloop can pose challenges: Munich Re
October 18, 2017 Jason Contant, Online EditorThe combination of known risks with a new technology is challenging, Christian Höft, client manager with Munich Re, told Canadian Underwriter one day after the (re)insurer released a comprehensive risk analysis of the Hyperloop technology. Hyperloop Transportation Technologies’ (HTT) technology…
CAA calls for provincial regulation of towing industry amid continued consumer complaints
October 18, 2017 by Canadian UnderwriterThe south central Ontario branch of the Canadian Automobile Association (CAA) is calling for provincial regulation of the towing industry following what it says are “continued instances of harrowing stories from motorists involving unscrupulous tow truck drivers on Ontario roads.”…
B.C. government hires industry expert to help prepare taxi industry for ridesharing
October 17, 2017 by Canadian UnderwriterThe government of British Columbia announced on Monday that it has hired an industry expert to consult with and help prepare the taxi industry for a “made-in-B.C.” solution to ridesharing. Transportation and Infrastructure Minister Claire Trevena said in a press…
Garneau talks self-driving cars with Tesla execs, and makes Canadian pitch
October 16, 2017 Jordan Press - THE CANADIAN PRESSOTTAWA – Under the California sun, Marc Garneau pressed a button to let a car take him for a spin as part of a joy ride that was more business than pleasure. While much attention this week went to Prime…
B.C. strengthens spill response regulations
October 16, 2017 by Canadian UnderwriterTransporters of liquid petroleum products in British Columbia now will need to have provincial plans in place to manage a spill, the province’s Ministry of Environment and Climate Change Strategy announced on Friday. The new regulations requiring spill preparedness apply…
Bodily injury lawsuit against City of Montreal not barred by six-month prescriptive period
October 13, 2017 by Canadian UnderwriterThe family of a Montreal woman murdered in 2010 is not barred, by the six-month prescriptive period in Quebec’s Cities and Towns Act, from suing the city, the Supreme Court of Canada suggested in a ruling released Friday. In the…
Brokers bend MPs’ ears over proposed tax changes
October 13, 2017 by Canadian UnderwriterInsurance brokers are among the professionals expressing concern over proposed changes to federal taxes on business income, a Saskatchewan member of parliament said recently. On October 6, the majority of House of Commons members voted against continuing consultations on proposed…
Risk associated with domestic acts of terrorism shifting: RIMS report
October 10, 2017 by Canadian UnderwriterWhile domestic terrorism has historically represented a disproportionate risk to property, relative to bodily harm, spread over numerous smaller incidents, that risk has shifted, according to a new report from RIMS, the risk management society. More recently, risk associated with…
OSFI to release reinsurance discussion paper, likely by early next year
October 10, 2017 Jason Contant, Online EditorThe Office of the Superintendent of Financial Institutions (OSFI) will release a discussion paper related to reinsurance, likely early next year, Neville Henderson, assistant superintendent of the regulator’s insurance supervision sector, said last week. Speaking at the National Insurance Conference…