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Keyword
warranty

News Legislation / Regulation

Politicians debate merits of insurer-based new home warranty

March 12, 2020 by Greg Meckbach

Ontario’s home warranty program will have a new mandate to resolve claims soon as possible, but there’s still no plan to have home warranties written by property and casualty insurers, provincial politicians confirmed. “The government has decided to continue with

News InsuranceLegislation / Regulation

Former Tarion official calls for insurer-based new home warranty

February 3, 2020 by Greg Meckbach

A former enforcement director with Tarion Warranty Corporation is calling for competition among insurers in new home warranty in Ontario. David Roberts, who retired in 2017 from Tarion, recommended the provincial government move the new home warranty system to a

News InsuranceLegislation / Regulation

No insurer-based new home warranty system for this province

January 6, 2020 by Greg Meckbach

An insurer-based model for new home warranty was under consideration in Ontario but the current government is maintaining the status quo. “Our government has been looking at the feasibility of a private insurance model for new home warranties and protections

News InsuranceLegal

Home warranty provider loses argument that Aviva product is not insurance

December 18, 2019 by Greg Meckbach

Brokers who provide home warranty assuming it is not an insurance product could be mistaken if they try to argue this in court – especially if the warranty is written by a regulated insurer. National Home Warranty Group told the

News ConstructionInsuranceMarkets / Coverages

3 tips for advising your clients about construction work

January 12, 2018 by Greg Meckbach

Brokers advising property owners should bear in mind their clients may not be experts on construction and renovation, a managing general agency warns. Keeping this mind, brokers can guide clients through three processes when hiring contractors to do construction or

News ConstructionInsuranceLegislation / RegulationMarkets / Coverages

Ontario government pledges ‘further study’ on insurance-type products covering new home warranties

October 19, 2017 by Canadian Underwriter

The Ontario government proposes to separate the administrator of the new home warranty program from the regulator of new home builders and vendors, but the ruling Liberals want to further study a recommendation to implement a multi-provider insurance system for

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Echelon reports Canadian combined ratio of 94% for Q1 2017, down 6% from Q1 2016

May 4, 2017 by Canadian Underwriter

Mississauga, Ont.-based Canadian P&C insurer Echelon Financial Holdings Inc. has reported a Canadian combined operating ratio of 94% for the three months ending March 31, down from 100% in Q1 2016 and driven by strong results in both personal and