HR
A single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt LLP, is one member of an Expert Advisory Panel tasked with reviewing and recommending changes […]
By Jason Contant | May 30, 2016
4 min read
Legal / Regulation
The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five to 10 years for automated vehicles, speakers suggested Wednesday at a conference in Toronto. “The […]
By Jason Contant | May 25, 2016
5 min read
UberX drivers using personal policies while operating as a paid ride-share operative are breaking the law and need to check with their insurance providers to ensure they have appropriate coverage, suggests Shop Insurance Canada. “If a vehicle is used for any kind of business, insurance companies will expect customers to take out a commercial auto […]
By Canadian Underwriter | May 19, 2016
2 min read
EDMONTON – The Alberta government has introduced new rules to regulate ride-hailing companies such as Uber. Transportation Minister Brian Mason says that under Bill 16, anyone who wants to drive for such a company will have to have a professional Class 4 licence. They will also have to undergo a police information check and be […]
By Jason Contant | May 18, 2016
Driverless cars could have significant credit implications across a wide range of sectors and companies as the technology becomes more advanced and widespread in the coming years, Moody’s Investors Service said in a report released on Tuesday. Although the extensive use of self-driving vehicles is still some way off, the technology has the potential to […]
By Canadian Underwriter | May 17, 2016
3 min read
The Canadian Council of Insurance Regulators (CCIR) announced on Monday that it has published an issues paper for public consultation on electronic proof of automobile insurance (EPAI). As electronic documentation becomes more prevalent in society – be it through smart phone apps, emails, or other forms of electronic documents – many consumers and insurers would […]
The Ontario government would have the authority to make regulations mandating collision avoidance systems such as lane departure warning, in all vehicles registered starting in 2020, if a private member’s bill before the legislature is passed into law. Bill 192, the Highway Traffic Amendment Act (Keep our Roads Safer through the use of Intelligent Drive […]
By Canadian Underwriter | May 16, 2016
Clear determination of responsibility is essential to ensuring effective insurance coverage of driverless vehicles, but the “next 10 years may have less clarity about responsibility than the past 40 or 50 years,” according to a new report released on Thursday by the Insurance Institute of Canada. The report, titled Automated Vehicles: Implications for the Insurance […]
By Canadian Underwriter | May 5, 2016
TORONTO – Uber is voicing its thanks after Toronto city council gave the ride-hailing service the green light to operate legally in the city. In a message to those who use its app, Uber said Toronto Mayor John Tory and city council have voted to “embrace ride sharing.” After hours of debate on Tuesday, city […]
By Jason Contant | May 4, 2016
1 min read
Aviva Canada announced on Wednesday that it has developed an “affordable and convenient insurance product that would bridge the insurance gap in Quebec,” if the provincial government decides to allow ridesharing programs. Aviva Canada, a provider of home, automobile, leisure/lifestyle and business insurance, said in a press release that the coverage is independent of ridesharing […]
By Canadian Underwriter | May 4, 2016
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
