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News
Insurance agent sanctioned for falsifying coverage on uninsured building
5+ day, 22+ hour ago (388+ words) The Registered Insurance Brokers of Ontario (RIBO) has published its decision and reasons for sanctioning Cairine Bruce after the level 3 broker, first licensed in 1976, falsified insurance documents to satisfy a mortgage lender’s inquiry about a building which had been uninsured…...
False statement to insurer: representative fined $4,000
1+ week, 2+ day ago (502+ words) The disciplinary committee of Quebec’s Chambre de l'assurance fined Johanne Tessier (certificate No. 158067), a damage insurance representative, $4,000 for providing false information to L'Unique General insurance when submitting a client’s insurance application, resulting in the retroactive cancellation (ab initio) of the…...
Regulator assesses administrative penalty for unlicensed sales
1+ week, 4+ day ago (248+ words) A former billing specialist has admitted that he acted as an insurance agent in numerous automobile insurance registrations between 2022 and 2024. During the period, Chintankumar Narendra Thakkar collected at least $10,000 in fees from his activities as an unlicensed insurance agent. Although…...
Court allows client appeal of insurer demand for examination under oath
1+ week, 6+ day ago (473+ words) A decision from the New Brunswick Court of Appeal in favour of a client whose home was damaged by fire, has denied the insurer in the case the stay of proceedings it sought, and has declined to force the client…...
Auto claims: Regulator concerned about preferred provider network compliance
2+ week, 5+ day ago (358+ words) Following a two-year effort to effectively supervise health service providers (HSPs) in Ontario, the Financial Services Regulatory Authority of Ontario (FSRA) has published its findings indicating that the sector is generally non-compliant with certain regulatory requirements. Notably, only 16 per cent…...