Keyword
recommendations
Ontario should adopt ‘multi-provider insurance system’ for new home warranties: Cunningham
April 3, 2017 by Canadian UnderwriterWarranties that new homes in Ontario are free from defects should be available from multiple providers and treated as insurance products, former judge J. Douglas Cunningham recommended in a recent report. Warranty coverage currently available from Tarion Warranty Corp. “should…
Rule-making authority essential for Ontario’s new FSRA: Cooke
January 20, 2017 by Angela StelmakowichEquipping 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…
Canada needs new regulations for commercial fishing vessels of all sizes: TSB
January 19, 2017 by Canadian UnderwriterIf fishing vessel operators conduct regular safety meetings, they can review on-board hazards and remind crew of safety precautions, the Transportation Safety Board of Canada suggested in an investigation report released Thursday. TSB – a separate organization from Transport Canada…
Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters
January 18, 2017 by Canadian UnderwriterThe 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…
B.C. directs ICBC to conduct review of insurance rates, approve Basic rate increase of no more than 4.9%
December 20, 2016 by Canadian UnderwriterThe province of British Columbia has directed the Insurance Corporation of British Columbia’s (ICBC) board to commission a comprehensive, independent third-party review to look at a range of options and make recommendations that will “keep insurance rates affordable and align…
Swiss Re adopts climate-related financial disclosure recommendations
December 14, 2016 by Canadian UnderwriterSwiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Swiss Re helped develop the voluntary guidelines on climate risk reporting and is a member of the…
Transport Canada does not systematically consult with stakeholders like insurers on vehicle safety standards: Auditor General
November 29, 2016 by Canadian UnderwriterTransport Canada (TC) does not develop motor vehicle safety standards to respond to emerging risks and issues in a timely manner and does not systematically consult with important stakeholders, such as insurers, according to the Auditor General of Canada’s latest…
Network attacks hit a third of executive mobile devices in second quarter of 2016: Skycure
September 27, 2016 by Canadian UnderwriterJust shy of a third of executive mobile devices were exposed to network attack during the second quarter of 2016 and almost as high a percentage were infected with malware, leaving valuable, sensitive data vulnerable to cyber criminals, notes a…
Toronto freight train derailment on ‘major link’ between Port of Montreal, Central Canada
August 22, 2016 by Canadian UnderwriterA collision between two trains Sunday, about 2 kilometres northwest of the Ontario legislature building, on a freight track serving as a “major link” between Western Canada and the Port of Montreal, is under investigation. The Transportation Safety Board of…
National Energy Board recommends conditional approval of the Trans Mountain Expansion Project
May 20, 2016 by Canadian UnderwriterCanada’s National Energy Board (NEB) has issued a 533-page report recommending the approval of the Trans Mountain Expansion Project (Project), subject to 157 conditions. The recommendation from the NEB, an independent federal regulator of pipelines, energy development and trade, follows a…