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Broker fined after leaving agency with his own book of business

May 8, 2018 by David Gambrill

A B.C. broker who believed he was leaving one agency for another with his own book of business received a $2,500 fine for a privacy breach when he took a spreadsheet of his clients’ information with him. Before joining his

News InsuranceLegislation / Regulation

Broker fined $1,000 for “improper” home visit to elderly, unwell client

February 27, 2018 by David Gambrill

B.C.’s broker regulator showed little compassion for a broker who flouted a license restriction by making an out-of-office visit to a sick elderly client to renew her auto insurance. The Insurance Council of B.C. fined Safir Mohamed Lalji $1,000 for

News InsuranceLegalMarkets / Coverages

One-year suspension for broker who involved unlicensed spouse in renewals

January 11, 2018 by Jason Contant

B.C. broker Elliott Herrera had his license suspended for a year after the provincial regulator found that he had his unlicensed spouse assist him with insurance activities. Once his spouse had obtained an insurance licence, Herrera then provided client information

News CatastrophesInsuranceMergers and Aqcuisitions

ICBC reports 124 claims and $500,000 in costs from wildfires to date

August 23, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) reported on Wednesday that it has received 124 claims to date, at a cost of $500,000, from the wildfires burning in the province. Most vehicle damage claims were related to extreme heat and smoke damage, with some vehicles even rendered as total losses, ICBC reported in a press release.
Recognizing that it is experiencing the “worst wildfire season in the province’s history,” ICBC added that it has made formal changes to its policies to reflect “these special circumstances for customers on evacuation…