Legal / Regulation
Real, sustainable solutions are needed to curb what’s being called a “devastating” time for some brokers in Alberta. The Insurance Brokers Association of Alberta (IBAA) has put together a task force to come up with ways to resolve what the group is calling a crisis around auto insurance in the province. The task force, chaired […]
By Adam Malik | June 11, 2019
3 min read
A Manitoba brokerage recently found itself in hot water with the regulator for rebating premium money to a dissatisfied client. Insurance Council of Manitoba ruled that Donbar Agency Limited, which operates as Crossroads Insurance, should not have rebated an unhappy client’s premium by $164 – the difference between an initial quote and the final policy […]
By David Gambrill | June 3, 2019
4 min read
To get the best out of your collaboration efforts, get outside of your comfort zone. The best companies understand the value of collaboration, said Sven Roehl, co-founder of Cookhouse Lab, an insurtech innovation firm. But they also understand they need to go beyond their inner circle of trusted friends. “What they’re now doing more than […]
By Adam Malik | May 31, 2019
A day many British Columbia policyholders have been calling for finally appears to be on the horizon. But it may force some brokers to change how they do business. While hosting an AMA (ask me anything) session on popular social media platform Reddit, B.C. Attorney General and Minister for the Insurance Corporation of British Columbia […]
By Adam Malik | May 8, 2019
2 min read
The Ontario government wants to expand testing of autonomous vehicles in the province. “Our government is taking active steps to open the door for expanded testing related to connected and autonomous vehicles in Ontario,” Michael Parsa, parliamentary assistant to the minister of economic development, job creation and trade, said Tuesday of Bill 66, which was […]
By Greg Meckbach | February 21, 2019
Months after Canada’s mandatory data breach notification law came into effect on Nov. 1, 2018, the Office of the Superintendent of Financial Institutions (OSFI) is now providing guidance on when to report cyber incidents to the financial regulator. In an advisory for supervisors published in late January that will come into effect Mar. 31, OSFI […]
By Jason Contant | February 12, 2019
A Manitoba broker landed in hot water after filling in for a vacationing colleague whose commercial client wound up without business interruption coverage. Broker John C. McDonald was fined $250 for his role in the coverage mix-up. When McDonald’s work colleague first explained to the client how business interruption works, the client declined the coverage […]
By David Gambrill | February 5, 2019
In Ontario, where about half the country’s auto premium is written, politicians say they want to work with the industry to bring down auto rates. But on the issue of auto reform, the province and the industry are not always steering in the same direction to reach the ultimate destination – lower auto rates for consumers
January 16, 2019
7 min read
HALIFAX – A pair of reports slam the Nova Scotia government for failing to protect personal information, saying the risk management around its freedom-of-information website was inadequate and a privacy breach last year was preventable. In his report released Tuesday following a nine-month investigation, provincial Auditor General Michael Pickup says the breach was a “very […]
By Greg Meckbach | January 15, 2019
Canada’s largest property and casualty insurer is checking to see whether some of its auto insurance clients are using their phone while driving. If your auto client is insured by Intact under its My Driving Discount program, Intact can detect mobile phone use, company officials told Canadian Underwriter. “There are different levels of phone usage […]
By Greg Meckbach | January 11, 2019
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