1+ day, 3+ hour ago  (881+ words) A blanket extension is not possible without amending provincial legislation Jasper policyholders have just four months to file insurance claims for wildfire damages or initiate legal action against an insurer. On Tuesday (March 10), after being informed that a blanket extension…...

1+ week, 4+ day ago  (510+ words) The unlicensed agent has also been ordered to stop conducting insurance business in Ontario Ontario's financial services regulator has issued a $25,000 penalty against an unlicensed agent and ordered him to stop conducting insurance business in the province. The Financial Services…...

2+ week, 1+ day ago  (426+ words) Assureway Protection Corporation has been providing GAP insurance for new and used vehicles Ontario's financial services regulator has issued a warning over an unlicensed company providing guaranteed asset protection (GAP) insurance to consumers in the province. Assureway Protection Corporation has…...

1+ mon, 1+ week ago  (631+ words) In this particular case, the policy's GRC endorsement covered the costs of inflation Canada's top court has ruled a Guaranteed Replacement Coverage (GRC) policy endorsement issued by Trillium Mutual does not cover the increased costs of complying with an Ottawa…...

1+ mon, 1+ week ago  (665+ words) Following New Zealand earthquakes, the government mandated a home insurance rider for catastrophes Canada should look to the successes of New Zealand to handle catastrophic risk in home insurance policies, a regulatory executive said Wednesday at the CatIQ Connect conference…...

1+ mon, 3+ week ago  (650+ words) At the same time, regulator settles dispute with Mazda over whether "appearance protection contracts" are insurance products Businesses in B.C. selling insurance incidental to their primary business activities must obtain and maintain a new Restricted Insurance Agency (RIA) licence, effective Jan…...

1+ mon, 3+ week ago  (706+ words) As condominium demand slows, those living near idle construction sites complain about trash dumping and safety issues As Canada's condominium market grinds to a halt, neighbours of properties collected by developers are reporting an increasingly common problem " site negligence. Recent…...

1+ mon, 2+ week ago  (886+ words) Brokers need to make clients aware of policy limits and deductibles associated with a variety of different weather perils, not just flood Consumer concerns about NatCats are shifting away from flood and focussing on other specific weather perils such as…...

2+ mon, 1+ week ago  (888+ words) TD Economics study shows how 17 NatCats affected home insurance premiums, deductibles between 2021 and 2025 Canadian property and casualty insurers lost money insuring homes against natural catastrophes, according to a TD Economics study of 17 major natural catastrophes between 2008 and 2024. "Growing insured personal…...

4+ mon, 8+ hour ago  (629+ words) Insurers play an important role in making industries they serve more resilient to increasingly volatile weather Climate change is prompting a reevaluation of how renewable energy infrastructure is protected. And insurers have a key role to play in making the…...