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Rule-making authority essential for Ontario’s new FSRA: Cooke

January 20, 2017 by Angela Stelmakowich

Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Wider mandate for Ontario’s auto insurance regulator would be welcomed

January 19, 2017 by Angela Stelmakowich

A wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a

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Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters

January 18, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday its recommendation from October, 2016 that Transport Canada establish “rigorous crash survivability requirements” for aircraft emergency locator transmitters. TSB released Jan. 17 an investigation report into a fatal helicopter crash that occurred

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The Co-operators acquires brokerage Denny’s Insurance of Acton, Ont.

January 16, 2017 by Canadian Underwriter

Co-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased personal and commercial lines brokerage Denny’s Insurance. Current clients of Denny’s Insurance, located in Acton, Ont., will be notified of the change in ownership and their existing

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TSB continues call for Canada-wide standards for locomotive data recorders

January 13, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada is reiterating a call it made 14 years ago for the federal government to put standards in place for data recorders in train locomotives. TSB is a separate organization from Transport Canada that investigates

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CMW Insurance Services, Capri Insurance Services merger positions new company for growth

January 10, 2017 by Canadian Underwriter

The merger of CMW Insurance Services Ltd. and Capri Insurance Services Ltd. creates one of the largest independent, employee-owned insurance brokerages and risk management firms in Western Canada, the companies reported Monday. Effective Jan. 1, 2017, “the merger leverages the

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Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ

January 6, 2017 by Canadian Underwriter

Severe weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the

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Police investigating possible cyber threat against Ontario’s Hydro One: company

January 4, 2017 The Canadian Press

TORONTO – Ontario’s Hydro One says it is assisting Canadian law enforcement agencies in an ongoing investigation into a possible cyber threat against the electricity distributor. The company’s chief security officer, Rick Haier, says they were contacted by the RCMP

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ICLR releases new book addressing extreme heat events

December 20, 2016 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) has published a book addressing the risk to Canadians from extreme heat events. Cities to adapt to extreme heat: Celebrating local leadership profiles “20 of the many successful local projects underway or already

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Minister pledges aboriginal housing improvements after fatal Ontario fire

December 19, 2016 Mike Blanchfield and Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The federal government is determined to improve aboriginal housing, Indigenous Affairs Minister Carolyn Bennett said Friday after an Ontario chief blasted Ottawa for a lack of action following a deadly blaze that killed a family of five. The

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New Brunswick government recommends winter tires but won’t make them mandatory

December 14, 2016 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – New Brunswick is resisting renewed calls to make snow tires mandatory, as provinces across the country take different legislative approaches to the annual slip and slide of winter driving. Green Leader David Coon says, just like seatbelts, mandatory

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Dufferin County offers rebates to property owners who install hurricane straps

December 13, 2016 by Canadian Underwriter

Developers and property owners in Ontario’s Dufferin County are eligible for rebates if they install hurricane straps in their buildings, a county official says. Hurricane straps, which are metal bands that wrap around trusses and connect to walls, “can largely