Industry
The Bank of Canada hiked its key interest rate by half a percentage point to 4.25 per cent, the highest it's been since January 2008.
By Jason Contant | December 7, 2022
2 min read
B.C.'s public auto insurance company has changed its process for dealing with accident victims and has improved outcomes
By Phil | December 5, 2022
3 min read
Ontario won't allow homes to be built on floodplains, Ontario's premier says, after feds rule out flood compensation in greenbelt builds.
By Alyssa DiSabatino | December 5, 2022
Ontario’s new legal tort of ‘intrusion upon seclusion’ does not apply in class actions against data aggregators that have been hacked, the Court of Appeal has confirmed. Nine years ago, the courts came up with the new tort of intrusion upon seclusion to cover a situation in which one bank employee hacked the personal information […]
By David Gambrill | December 2, 2022
OTTAWA – The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a […]
By Jason Contant | December 2, 2022
4 min read
Canadian insurers appear to be in a “pretty good place” when it comes to implementation of the upcoming IFRS 17 standard.
By Jason Contant | November 30, 2022
A new, two-year supervision plan for health service providers (HSP) aims to protect consumers’ rights by delivering supervision and education to higher risk auto insurance HSPs, according to Ontario’s insurance regulator. Higher risk service providers are defined as those “more likely to either bill for services not provided, or bill for services that are not […]
By Alyssa DiSabatino | November 28, 2022
Nav Dhillon will join Aviva Canada as Chief Financial Officer, starting December 2022, the company announced Monday.
By David Gambrill | November 21, 2022
1 min read
OTTAWA – Canada won’t agree to add language calling for the phaseout of all fossil fuels – including oil and gas – to the final agreement at this year’s United Nations climate talks in Egypt, Environment Minister Steven Guilbeault said Thursday. The agreement from the UN conference in Scotland last year called for countries to […]
By Jason Contant | November 18, 2022
Amanda Dean, the Insurance Bureau of Canada's Atlantic vice-president, says insurance providers want to partner with the federal government on a program to cover those whose homes are now in harm's way as the climate changes.
By Alyssa DiSabatino | November 17, 2022
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