Canadian Underwriter

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Financial Services Commision of Ontario

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Insurers have ‘hidden behind’ regulators: Executive Forum speaker

August 30, 2017 Greg Meckbach, Associate Editor

Technological 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…

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Rate Rules

June 5, 2017 Stephen Moore, Partner, Blaney McMurtry LLP

Ontario’s 27-year-old rate approval process can be confusing, especially for those insuring fleets in multiple provinces.

News InsuranceLegislation / RegulationMergers and Aqcuisitions

New Ontario financial authority should monitor auto insurers with ‘unusual number’ of LAT appeals: Marshall

April 12, 2017 by Canadian Underwriter

Neither the behaviour of personal injury lawyers nor “excess profits” of insurers are to blame for high auto premiums in Ontario, but the government should consider restricting lawyers’ contingency fees, a special advisor to the provincial government suggested in a

News InsuranceMergers and AqcuisitionsTechnology

Northbridge Insurance covering ridesharing service in Waterloo, Ontario area

December 8, 2016 by Canadian Underwriter

Northbridge General Insurance Corporation is writing an auto policy for RideCo, which provides what RideCo calls “personalized, express transit service” in the Kitchener-Waterloo, Ontario area, Northbridge Insurance announced Thursday. “The Northbridge Insurance policy is issued to RideCo, with both RideCo,

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IBC applauds Ontario government’s decision to move forward with creation of new financial services regulator

November 15, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Ontario government’s decision to move forward with the creation of a new financial services regulator. On Monday, the government of Ontario announced in its 2016 Ontario Economic Outlook and Fiscal Review