Keyword
Financial Services Commission of Ontario
Fleet’s In
September 3, 2016 Daniel Strigberger, Lawyer, Samis + CompanyOntario’s new standard fleet auto policy gives the green light to ridesharing activities with a transportation network company and licensed insurers looking to cover these operations. Entry into the new space has not yet reached top speed, with only one insurer policy approved to date, but even early on, it appears as though there may be some potential risks for underlying vehicle insurers.
FSCO issues warning about mail scam conducted by Prudential Financial Clearing Services
August 30, 2016 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) is warning consumers about a mail scam conducted by an unlicensed company, Prudential Financial Clearing Services. This company has issued notices advising recipients that they are among the winners of a U.S. Telecommunication…
Intact’s commercial ridesharing insurance policy gets green light in Ontario
July 8, 2016 by Canadian UnderwriterThe Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to…
Claims settlement a particularly “fuzzy concept” for Quebec drivers, new poll suggests
June 21, 2016 by Canadian UnderwriterLess than a week after a survey commissioned by the Financial Services Commission of Ontario found that only 10% of Ontario drivers reported being “very knowledgeable” about the elements in a standard auto policy, a new poll has found that…
New Ontario financial services regulator should have anti-fraud authority: Panel
June 20, 2016 by Canadian UnderwriterThe Ontario government should establish a new organization that would perform the functions currently performed by the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO) but also have a “specific fraud-deterrence mandate,” an expert…
LAT Have Mercy
May 1, 2016 Willie Handler, Consultant, Willie Handler & AssociatesAs of April 1, the Financial Services Commission of Ontario stopped accepting applications for mediation and arbitration of auto accident benefits insurance claims disputes. That responsibility now rests with the Licence Appeal Tribunal.