Topic
Legislation / Regulation
PM hails national climate change deal, but without Saskatchewan, Manitoba
December 11, 2016 Bruce Cheadle - THE CANADIAN PRESSOTTAWA – Prime Minister Justin Trudeau declared victory Friday in his campaign to craft a national “framework” agreement on climate change – even though Saskatchewan and Manitoba refused to sign on to the deal and British Columbia claimed a major…
Sustainability in insurance gaining steam: KPMG speaker
December 9, 2016 Jason Contant, Online EditorAlthough the issue of sustainability in insurance is a relatively new concept in Canada, it is one that is gaining ground throughout the world, a speaker said on Wednesday at KPMG’s 25th Annual Insurance Conference. Houston Cheng, consulting actuary and…
Insurance industry needs more focus on the long-term, OSFI’s Henderson suggests at KPMG conference
December 8, 2016 Jason Contant, Online EditorThe insurance industry as a whole needs to focus more on long-term issues, Neville Henderson, the assistant superintendent of the insurance supervision sector of the Office of the Superintendent of Financial Institutions (OSFI), suggested on Wednesday. Speaking at KPMG’s 25th…
Ontario court upholds 20-year driving ban for repeat impaired driver
December 6, 2016 by Canadian UnderwriterA 20-year driving ban, on an Ontario man with more than 10 drunk driving convictions, was recently upheld by the province’s Summary Conviction Appeal Court. In February, 2009, Victor Freeborn-Mejia was sentenced to six months in jail plus a 20-year…
Alberta privacy commissioner cannot compel production of records subject to solicitor-client privilege: Supreme Court
December 5, 2016 by Canadian UnderwriterA constructive dismissal lawsuit, against the University of Calgary, has led to a ruling from the Supreme Court of Canada that Alberta’s Freedom of Information and Protection of Privacy Act does not require a public body turn over records –…
Insurance provisions in Ontario home inspector licensing bill helps reduce sellers’ liability exposure: MPP
December 2, 2016 by Canadian UnderwriterA bill before the Ontario legislature could pave the way for regulations “prescribing the types of insurance” that home inspectors must have, and also proposes to prohibit people from performing home inspections without a licence. Bill 59 was generally well…
Ontario transportation department ‘has done little work’ to address liability for inadequate winter highway maintenance: Auditor General
December 2, 2016 by Canadian UnderwriterThere has been little movement on a recommendation made in 2015 that the Ontario Ministry of Transportation “consider incorporating contractor liability” if roads are not properly cleared during the winter, the province’s auditor general suggested in her 2016 annual report,…
Ontario launches consultations to cut red tape in financial services sector
December 1, 2016 by Canadian UnderwriterThe province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be…
Hot Cargo
December 1, 2016 Greg Meckbach, Associate EditorWith the size of today’s container ships, damage from a fire on a single container could result in a loss of millions of dollars. And cargo that is susceptible to spontaneous combustion, especially when not properly declared, can be especially risky.
Saskatchewan government introduces act aimed at enhancing regulatory oversight of provincial pipelines
November 29, 2016 by Canadian UnderwriterThe Government of Saskatchewan announced on Monday that it has introduced new legislation aimed at enhancing regulatory oversight of the province’s oil and gas industry. The government introduced The Pipelines Amendment Act in the Legislature, replacing The Pipelines Act, the…
Transport Canada does not systematically consult with stakeholders like insurers on vehicle safety standards: Auditor General
November 29, 2016 by Canadian UnderwriterTransport Canada (TC) does not develop motor vehicle safety standards to respond to emerging risks and issues in a timely manner and does not systematically consult with important stakeholders, such as insurers, according to the Auditor General of Canada’s latest…
Litigation privilege ‘can be asserted’ against administrative investigators, Supreme Court of Canada finds in ruling in favour of Aviva
November 28, 2016 by Canadian UnderwriterAn insurer in Quebec can assert litigation privilege when the province’s self-regulating body for agents, brokers and claims adjusters demands a copy of an entire file on a claim, the Supreme Court of Canada suggested in a ruling released this…