Industry

Quebec’s AMF explores implications of autonomous vehicles

Self-driving vehicles will change the auto liability landscape across Canada and raise data privacy concerns, said an issues paper from Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). The paper identifies five levels within the connected and autonomous vehicle (CAV) spectrum – from full driver control to an entirely autonomous state that requires […]

By Phil | November 11, 2021

2 min read

105 containers that fell off cargo ship believed to have sunk: coast guard

VICTORIA – The Canadian Coast Guard says it believes that many, if not all, of the 109 containers that fell from a cargo ship off Victoria in late October have sunk. The containers were tossed from the MV Zim Kingston during a storm near the entrance to the Juan de Fuca Strait around the time […]

By Jason Contant | November 11, 2021

1 min read

MGA merger: RAISE Underwriting to acquire United Surety

Specialty managing general agent (MGA) RAISE Underwriting in Toronto announced an agreement to acquire Mississauga-based independent MGA United Surety. The acquisition is scheduled to close January 1, 2022. RAISE CEO Matt Baynton said in a press release Nov. 4, “By combining the expertise of RAISE and United, we will be able to offer our brokers […]

By Phil | November 10, 2021

2 min read

Regulatory changes to foreign entities operating in Canada

Foreign entities operating in Canada through a branch will now have to notify the federal regulator of any potential changes to branch management “as well as any circumstances that could negatively impact their suitability,” attendees to a virtual industry event heard recently. “Whereas the prior guideline focused on the role and accountability of the chief […]

By Jason Contant | November 10, 2021

3 min read