The cost of cleaning up orphaned oil and gas wells across Canada could skyrocket between 2020 and 2025, says a new report from Canada’s parliamentary budget officer. Provincial regulators require oil and natural gas companies to close inactive or abandoned…
A Manitoba broker was recently fined $2,000 after obtaining premium relief for a client within hours of being told by the regulator that he was unlicensed to act as a broker. On Dec. 19, 2018, Darcy Dion Boguski completed the…
When it comes to market conduct in the property and casualty industry, the regulations should recognize that brokers are independent, an Insurance Bureau of Canada spokesperson says. A guidance paper explaining regulators’ “overarching expectations” on market conduct for brokers, agents…