Keyword
fines
Fines struck for B.C. brokers who issued false receipts to insurers in toll bridge fiasco
February 19, 2019 by David GambrillEDITOR’S NOTE: The story has been corrected to show that FICOM’s position before the Financial Services Tribunal was that the financial penalties were deemed to be insufficient to deter brokers from misrepresenting facts. A previous version incorrectly stated that FICOM’s…
182 motorists caught speeding in work zones during SGI’s recent traffic safety spotlight
August 28, 2017 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) has reported that 182 tickets were issued to drivers for speeding in construction work zones during last month’s traffic safety spotlight. In total, 177 tickets were issued to drivers exceeding 60 kilometres an hour while passing highway workers or occupied highway equipment within a municipal or highway work zone, SGI said in a press release issued on Monday. Five tickets were also issued for speeding in construction zones where a flag person is present. The results include all traffic safety focus…
Gore Mutual launches cyber and data breach product for Canadian small businesses
June 9, 2017 by Canadian UnderwriterGore Mutual Insurance Company has announced a cyber and data response product for Canadian small businesses as well as a partnership with a global home automation company to provide flood sensors to select commercial and personal customers. Gore Mutual announced…
Unlicensed operators responsible for more near misses involving drones: study
June 6, 2017 Bill Graveland - THE CANADIAN PRESSCALGARY – A new study says there are more drones in the air than piloted aircraft and the numbers of close calls between the two continue to rise. The University of Calgary study, published online in the Journal of Unmanned…
Law allowing blue and amber lights for roadside assistance vehicles now in effect in Saskatchewan
May 17, 2017 by Canadian UnderwriterRoadside assistance vehicles in Saskatchewan can now use blue lights in conjunction with amber lights, Saskatchewan Government Insurance (SGI) announced on Tuesday. The Government of Saskatchewan has proclaimed the Traffic Safety (Tow Trucks) Amendment Act to permit blue lights to…
Growing trend toward seeking punitive, personal legal action against corporate leaders: AGCS
November 28, 2016 by Canadian UnderwriterNew and emerging risks are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, notes a new global report issued Monday by Allianz Global Corporate & Specialty (AGCS). “There is a growing…
U.K. research shows value of financial conduct fines down by 36%, fine value against individuals more than double
June 20, 2016 by Canadian UnderwriterA new survey out of the United Kingdom indicates that over the last year, the value of Financial Conduct Authority (FCA) fines against individuals has more than doubled while, for companies, the value has dropped 37%. Overall, the FCA imposed…