If you are still placing subscription policies using best-terms pricing, you should stop, the Canadian Council of Insurance regulators suggests. “Fair and transparent pricing is essential to a successful marketplace and CCIR Members expect insurers and brokers to cease BTP…
Canada’s national association of provincial property and casualty insurance regulators is looking into “Best Terms Pricing” in all commercial lines following recent regulatory actions to ban the practice in the strata insurance line in B.C. and Alberta. The Canadian Council…
Ontario’s government is considering changing how insurance applies to vehicle subscription services. Included in the provincial government’s 2019 budget document released in April was a proposal “enabling innovation and new business models to give drivers more options, such as car…