News
What's the latest on the feds' flood insurance backstop?
15+ hour, 31+ min ago (698+ words) IBC says design must now account for private coverage extending deeper into flood risk Three years ago, Canada's federal government committed funds to build a new national flood insurance program. Since then, public announcements regarding progress on the file have…...
Do your clients understand bylaw coverage gaps?
1+ week, 6+ day ago (325+ words) A rare decision by Canada's Supreme Court to review a civil case in 2024 highlights a key coverage point brokers can use in conversations with clients. The case, Trillium Mutual Insurance Company v. Emond, centred around a couple whose home on the…...
Cross Border Travel and Property Ownership Drive Increased Focus on Mexican Issued Insurance Coverage
1+ mon, 5+ day ago (202+ words) TORONTO, ON, MARCH 16, 2026/ins PRESS/ " As cross border travel, seasonal residency, and property ownership in Mexico continue to rise among Canadians, brokers are seeing renewed attention on the insurance implications of operating vehicles and holding assets outside Canada. In response…...
Jasper advocating for extensions on wildfire insurance claims
1+ mon, 1+ week 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…...
Regulator fines unlicensed insurance agent $25, 000
1+ mon, 2+ week 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…...
Ontario regulator issues warning over unlicensed GAP insurance provider
1+ mon, 3+ week 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…...
Top court sides with insurer in GRC debate
2+ mon, 2+ 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…...
Should home insurance policies mandate catastrophic risk coverage?
2+ mon, 2+ 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 Cat IQ Connect…...
B. C. regulators spell out new rules for selling incidental insurance
2+ mon, 4+ 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…...
Is that dormant building site properly insured?
2+ mon, 4+ 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…...