Legal / Regulation
More companies are joining an effort to help Alberta oil sands producers obtain insurance and reinsurance to cover their risks
By Phil | September 12, 2022
3 min read
A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the insurance industry as an intermediary, with an automatic government backstop. Unlike models in which a […]
By Alyssa DiSabatino | August 30, 2022
4 min read
A B.C. broker has been suspended for one year for misrepresenting the principal driver of her personal vehicle on several ICBC policies.
By David Gambrill | August 18, 2022
Don Forgeron will retire as president and CEO of the Insurance Bureau of Canada after an almost 30-year long tenure.
By Alyssa DiSabatino | June 23, 2022
2 min read
Ontario Liberals want to bring down auto insurance rates but not via percentage targets, as envisioned by the New Democrats. “We will also work tirelessly to bring down auto insurance rates,” said Ontario Liberal Party press secretary Andrea Ernesaks. She noted that will include “creating a neutral independent assessor [and] modernizing ‘territory ratings’ for accuracy and fairness.” Plus, […]
By Phil | May 13, 2022
On top of selling insurance, brokers are also tasked with managing client relationships. But what happens when a client doesn’t mesh with their broker? “Sometimes it just doesn’t work out,” says Jack Mazakian, vice president of Advocis Broker Services. “You’re definitely capable of saying to a client, ‘We cannot serve you anymore,’ for whatever reason. […]
By Alyssa DiSabatino | April 13, 2022
Recent publication of API standards for policy inquiries for personal auto, habitational, individually rated commercial automobile (IRCA) and commercial general liability (CGL) are the foundational use cases to begin improving carrier and broker connectivity communications. “These 24 policy inquiry use cases are foundational for advancing JSON data standards in the industry,” said Catherine Smola, president […]
By Phil | April 4, 2022
A former broker's license was suspended for two years after she schemed to to drive uninsured for several months.
By David Gambrill | March 24, 2022
Commercial insurance brokers are a step closer to having standards for policy inquiries on certain auto and general liability coverage. The Centre for Study of Insurance Operations (CSIO) said its Innovation and Emerging Technology (INNOTECH) API working groups have published Application Programming Interface (API) standards using Java Script Object Notation (JSON) for individually-rated commercial automobile […]
By Phil | March 18, 2022
An Alberta broker has been fined for failing to transfer her broker’s license when her brokerage came under new ownership.
By David Gambrill | March 3, 2022
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