Topic
Legislation / Regulation
Oceans Protection Plan includes robust polluter-pay approach to abandoned, derelict and wrecked vessels
November 8, 2016 by Canadian UnderwriterCanada’s new $1.5 billion national Oceans Protection Plan involves a raft of measures to help protect the country’s marine environment, including a pollution-pay approach with regard to abandoned, derelict and wrecked vessels The national plan was announced Monday in St.…
Filling the Breach
November 6, 2016 Eduard Goodman, Chief Privacy Officer, IDT911Insurers in Canada need to prepare for the new federal breach notification law, the back-end details of which could be ready within the next 12 months. Although the rule-making phase is not yet complete, a big change in direction is not anticipated, with the information provided to date likely offering a solid blueprint for the final rules.
Ontario Securities Commission and Australian financial regulator sign fintech agreement
November 4, 2016 by Canadian UnderwriterThe Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial…
Court challenge to Ontario auto dispute resolution system ‘scheduled to proceed’ to hearing Feb. 13
November 4, 2016 Greg Meckbach, Associate EditorA constitutional challenge to Ontario’s auto accident benefits dispute resolution system is scheduled for a three-day hearing next February, but the retired judge who recommended that AB disputes go before a public sector administrative tribunal suggested Wednesday that it would…
New Ontario auto dispute resolution system could cause ‘a lot more claims against insurance brokers,’ personal injury lawyer predicts
November 3, 2016 Greg Meckbach, Associate EditorRecent reforms to Ontario auto insurance, including the transfer of accident benefits dispute arbitration to the licence appeal tribunal (LAT), has some personal injury lawyers warning of lawsuits against brokers who fail to advise clients accordingly. “We are trying to…
‘Lots of room for improvement’ with new Ontario auto dispute resolution system: Judge Cunningham
November 2, 2016 Greg Meckbach, Associate EditorOntario’s license appeal tribunal – which this year started hearing auto accident benefits disputes – presents “an opportunity” for auto insurers to “redefine how they provide their services,” an insurance company lawyer said Wednesday, while the retired judge who recommended…
Calgary-based InsureMy partners with U.K. telematics provider to distribute new driver program to Canadian drivers
November 2, 2016 by Canadian UnderwriterCalgary-based brokerage InsureMy Ltd. and United Kingdom-based telematics provider Trak Global Group announced on Wednesday a partnership through an exclusive licensing agreement enabling InsureMy to “distribute products from the Trak/Carrot [Insurance] brand to maximize distribution points throughout Canada.” Trak Global…
Alberta government introduces bill aimed at reducing human-caused wildfires and enhancing firefighting operations
November 1, 2016 by Canadian UnderwriterThe government of Alberta announced on Monday that it has tabled a bill introducing measures aimed at reducing the number of wildfires caused by humans and enhancing firefighting operations in the province. Bill 24, the Forest and Prairie Protection Amendment…
Government of Saskatchewan to introduce strengthened impaired driving legislation
November 1, 2016 by Canadian UnderwriterThe government of Saskatchewan announced on Monday that it will add amendments to The Traffic Safety Act this fall to strengthen impaired driving legislation. This fall, the government will introduce the following amendments: Add a three-day vehicle seizure for experienced…
Railways need ‘additional physical defences’ to ensure crews follow visual signals: TSB
October 31, 2016 by Canadian UnderwriterThe Transportation Safety Board of Canada is warning of a “persistent risk of serious train collisions or derailments in the event of railway signal indications not being followed.” TSB released Monday its 2016 watch list of key safety issues that…
Transportation Safety Board of Canada warns risk of runway incursions ‘too high’
October 31, 2016 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated Monday its contention that the risk of collisions on runways involving airplanes is too high. TSB – a separate agency from Transport Canada that investigates incidents in aviation, marine, rail and pipelines –…
Vancouver planning additional measures to combat damage, costs associated with sea level rise
October 31, 2016 by Canadian Underwriter“Sitting on the sidelines is not an option while climate change threatens our future,” Vancouver Mayor Gregor Robertson emphasized last week in announcing the city’s next moves to prepare for sea level rise over the next century. “The massive costs…