Topic
Legislation / Regulation
78% of polled Canadians want to see distracted driving tech solution: Aviva Canada
September 21, 2017 by Canadian UnderwriterNearly four in five polled Canadians (78%) in Newfoundland and Labrador, Ontario and Alberta said they want to see a technology solution that would stop distracted driving by disabling texting and other functions while the driver is behind the wheel,…
Vehicle defect correction bill debated in Commons
September 20, 2017 by Canadian UnderwriterCanada’s transport minister will have the power to “order a company to correct a defect or non-compliance in a vehicle or equipment” if a bill debated Tuesday in the House of Commons is passed into law. “If a situation arose…
Ontario to introduce new offence for careless driving causing death or bodily harm
September 20, 2017 by Canadian UnderwriterOntario’s Ministry of Transportation (MTO) has released further details on its planned road safety legislation this fall, including the creation of a new offence for careless driving causing death or bodily harm. The province’s Minister of Transportation, Steven Del Duca,…
Web-based Drug-Impaired Driving Learning Centre launched
September 20, 2017 by Canadian UnderwriterJust days after the province of Ontario announced that it would introduce legislation this fall that includes zero tolerance for drug-impaired driving for several classes of motorists, an organization and insurer have launched a Drug-Impaired Driving Learning Centre (DIDLC). The…
Legislation would mandate surety bonds on public sector construction projects in Ontario
September 13, 2017 by Canadian UnderwriterSurety bonds written by licensed insurers will be mandatory for certain public construction projects in Ontario if a bill tabled Tuesday is passed into law. Bill 142, if passed into law, will “require surety bonds to be posted on public…
Ontario government proposes to ‘strengthen’ conservation authorities’ flood protection role
September 12, 2017 by Canadian UnderwriterOntario politicians debated Monday a bill that, if passed into law, would increase the role of conservation authorities in protecting property from flooding. Provincial conservation authorities’ roles include flood and erosion control, ice management, flood forecasting and warning and drought…
Global insurers struggle with regulatory and accounting compliance: study
September 11, 2017 by Canadian UnderwriterAs insurance firms invest in more complex securities, they struggle to manage data and meet regulatory reporting requirements, a newly released study has found. Addressing local regulation and accounting standards is the leading operational challenge when it comes to firms’…
Equifax says U.S.-focused theft of data touched ‘certain’ Canadian residents
September 8, 2017 The Canadian Press (CPSTF)TORONTO – Credit monitoring company Equifax says that it will work with regulators in Canada and the United Kingdom to determine the appropriate steps following a lapse in cyber security that’s affecting about 143 million people in the United States.…
U.S. House of Representatives passes bill to speed deployment of self-driving cars
September 7, 2017 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON – The House voted Wednesday to speed the introduction of self-driving cars by giving the federal government authority to exempt automakers from safety standards not applicable to the technology, and to permit deployment of up to 100,000 of the…
B.C. attorney general extends ICBC’s rate filing deadline by two weeks
August 31, 2017 by Canadian UnderwriterBritish Columbia’s attorney general announced on Thursday that he has extended by two weeks the rate filing deadline for the Insurance Corporation of British Columbia (ICBC). Attorney General and the minister responsible for ICBC, David Eby, said in a statement…
Insurers have ‘hidden behind’ regulators: Executive Forum speaker
August 30, 2017 Greg Meckbach, Associate EditorTechnological innovation is not among the goals of some government regulators overseeing insurance markets, but some can be persuaded to allow innovation if a determined insurance provider presents “a good case study,” speakers suggested Tuesday at the Insurance-Canada.ca Executive Forum. “We as insurers have hidden behind the regulators for a long time and have said, ‘Gosh, I would love to do that but I won’t be allowed to,” said David Crozier, president and chief executive officer of Everest Insurance Company of Canada. “We…
Inattentive drivers causing more collisions than impaired and speeding drivers combined: OPP
August 30, 2017 by Canadian UnderwriterInattentive driving is linked to more collisions on Ontario Provincial Police (OPP)-patrolled roads so far this year than speeding and alcohol/drug-related collisions combined, the police service reported on Tuesday. Since Jan. 1, 2017, driver distraction has been reported as the primary cause in 6,360 road collisions, the OPP said in a press release. By comparison, speed was the primary cause in 4,700 crashes, while 1,158 of incidents involved a driver who consumed alcohol or drugs.
As well, a total of 47 people have died to…