Lessons learned from the Emergencies Act?
March 2, 2022 by Alyssa DiSabatinoDespite the recently revoked Emergencies Act requiring all insurers to “suspend” coverage, the industry still has received little clarity on how to enforce such rules, especially as most insurers would consider it a policy “cancellation.” One broker executive questions questions how…
With police operations underway, uncertainty around Emergencies Act continues
February 18, 2022 by Alyssa DiSabatinoWith Ottawa police now making arrests of Freedom Convoy protestors, the speaker of the House of Commons Friday delayed Parliamentary debate on the Emergencies Act, which would require insurers to suspend auto insurance to those involved in the protests. The…
What we know about suspending insurance under The Emergencies Act
February 16, 2022 by Alyssa DiSabatinoCanada’s federal government has begun to provide some clarity around the wording and application of its newly released Emergency Economic Measures Order, but the insurance industry still isn’t clear on how exactly it will be enacted, and industry observers and…
Feds threaten to suspend Convoyers’ insurance. What does that mean?
February 15, 2022 by Alyssa DiSabatinoTrucks or vehicles used in freedom convoy blockades will have their insurance suspended, Deputy Prime Minister and Finance Minister Chrystia Freeland said in a press conference Monday. For property and casualty insurance professionals, the federal government’s path may raise more…