Legal / Regulation Archives - Page 28 of 28

Two Canadian financial regulatory agencies sign MOU related to disciplinary actions in Ontario

The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Services Commission of Ontario (FSCO) announced on Wednesday that they have signed an information-sharing agreement that will “provide more effective regulation and strengthen consumer protection in Ontario.” Under the Memorandum of Understanding (MOU), the two regulatory agencies will share the decisions and sanctions of […]

By Canadian Underwriter | March 31, 2016

2 min read

Legal / Regulation

Over-regulation of “driverless” vehicles could stifle industry, say advocates

KANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread lightly as it moves to regulate Canada’s blossoming autonomous vehicle industry, they caution. Tucked away […]

By Jason Contant | March 30, 2016

3 min read

Legal / Regulation

Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best

Concerns regarding cyber risk, interest rates and the economy remain prominent among insurers, according to the latest quarterly survey from A.M. Best Company. The Best’s Special Report, released on Thursday, included several hundred responses, representing property and casualty (70.4%), life & annuity (22.2%) and health (5.3%) insurers, with the remaining 2.1% identifying themselves as surety, […]

By Canadian Underwriter | March 28, 2016

3 min read