Topic
Legislation / Regulation
Health Canada ‘slow to respond’ to reports of prohibited substances in personal hygiene products: Auditor General report
June 1, 2016 by Canadian UnderwriterThe federal health department “cannot assure consumers” that cosmetic products comply with the nation’s Food and Drugs Act, and vendors of such products are not required to disclose chemical components, a recent auditor-general’s report suggested. “Health Canada should inform consumers…
Saskatchewan takes steps to strengthen privacy of personal health records
May 31, 2016 by Canadian UnderwriterAmendments to health information privacy legislation in Saskatchewan will help protect personal health records and increase accountability of those responsible for protecting those records, Saskatchewan’s Ministry of Health said on Tuesday. Amendments to The Health Information Protection Act (HIPA) come…
Single regulatory approach not the same as one-size-fits-all, CIFF speaker emphasizes
May 30, 2016 Jason Contant, Online EditorA single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt…
Alberta’s Notley rebuts allegations that rules on carbon tax arbitrary, invasive
May 25, 2016 Dean Bennett - THE CANADIAN PRESSEDMONTON – Premier Rachel Notley is dismissing opposition accusations that her NDP government’s carbon tax bill contains invasive and arbitrary rules on search and seizure. Notley told the house Wednesday that Bill 20 contains rules surrounding search warrants that are…
Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker
May 25, 2016 Greg Meckbach, Associate EditorThe rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five…
Corporate investigations on the rise, study suggests
May 24, 2016 by Canadian UnderwriterCorporate investigations are on the rise, with over a quarter (27%) of businesses saying they have experienced a claim or investigation involving a director of their company in the past year, up from one in five in 2014. That was…
Global media and telecom executives rank data protection fines and penalties as top risk to their industries: Willis Towers Watson
May 24, 2016 by Canadian UnderwriterGlobal media and telecommunication executives both ranked regulatory fines and penalties arising from data protection breaches as the primary risk facing their respective industries, according to new research released on Tuesday by global advisory, broking and solutions company Willis Towers…
Court rules against ICBC in disability benefits dispute
May 24, 2016 by Canadian UnderwriterThe British Columbia Court of Appeal recently ruled against the province’s government-run auto insurer when it upheld a lower court decision awarding disability payments after the 104-week period covered by the regulation covering auto accident benefits, essentially finding that a…
Designated highway texting zones bill passes second reading in Ontario legislature
May 20, 2016 by Canadian UnderwriterOntario politicians from all three parties spoke Thursday in favour of an opposition private member’s bill that proposes to allow the transportation minister to “create designated highway texting zones.” Bill 190, the Safe Texting Zones Act, was referred Thursday to…
UberX drivers expected to have commercial insurance: Shop Insurance Canada
May 19, 2016 by Canadian UnderwriterUberX drivers using personal policies while operating as a paid ride-share operative are breaking the law and need to check with their insurance providers to ensure they have appropriate coverage, suggests Shop Insurance Canada. “If a vehicle is used for…
Alberta introduces new regulations for ride for hire firms like Uber
May 18, 2016 The Canadian PressEDMONTON – The Alberta government has introduced new rules to regulate ride-hailing companies such as Uber. Transportation Minister Brian Mason says that under Bill 16, anyone who wants to drive for such a company will have to have a professional…
Driverless cars could have significant credit impact across range of sectors, Moody’s report says
May 17, 2016 by Canadian UnderwriterDriverless cars could have significant credit implications across a wide range of sectors and companies as the technology becomes more advanced and widespread in the coming years, Moody’s Investors Service said in a report released on Tuesday. Although the extensive…