Directors appointed for Ontario’s FSRA board
Former Ontario superintendent Bryan Davies is among the first directors appointed to the board of the province’s new Financial Services Regulatory Authority. Mr. Davies will act as chair and is…
Former Ontario superintendent Bryan Davies is among the first directors appointed to the board of the province’s new Financial Services Regulatory Authority. Mr. Davies will act as chair and is…
Wawanesa Mutual subsidiary Trimont Financial said its previously announced acquisition of Western Financial Group and Western Life Assurance from Desjardins Financial has formally closed. The deal, valued at roughly $775m,…
The Newfoundland government has launched a review of its auto insurance system that will include a closed claims study and public hearings conducted by the province’s Public Utilities Board. Service…
The federal government should examine public-private partnerships in other jurisdictions to address earthquake risk here, the Insurance Bureau of Canada says. In a letter to the federal Department of Finance,…
Changing weather patterns continue to be a top risk for the insurance industry, causing billions of dollars in payouts by governments and insurers. David McGown, senior vp of strategic initiatives…
The Insurance Bureau of Canada is disappointed that the government of Newfoundland and Labrador left badly needed auto insurance reform out of its latest budget. “Every day that government waits…
Property and casualty insurers should be prepared to disclose additional data on the accident and sickness segment of their business as the Office of the Superintendent of Financial Institutions continues…
The insurance industry and government are stuck in a dangerous state of inertia when it comes to tackling earthquake risk, Sen. Scott Tannas warned at this year’s Canadian Insurance Financial…
Canada’s insurance regulators have proposed several reforms for the travel health insurance market, including better training and information for sales forces and standardized definitions and terminology. In a recently-released position…
Significant reforms are proposed for Ontario’s auto insurance system, which is described in a new report as structurally flawed. “Claim costs continue to rise while auto accidents continue to fall,”…