Legal / Regulation
A former broker must wait one year before he can re-apply for his licence, after he admitted to cheating on his broker licensing exam.
By David Gambrill | June 25, 2024
2 min read
Two years into Alberta’s new direct compensation for property damage (DCPD) regime, regulators are still clearing up misunderstandings about when and how coverage gets triggered, regulators said at the Insurance Brokers Association of Alberta Convention 2024 in Banff last week. But in the middle of the discussion with the regulators about DCPD, the brokers in […]
By Alyssa DiSabatino | May 14, 2024
4 min read
Whatever auto reforms come of the Alberta Government’s push to lower auto premiums in the province, one thing is for sure — they’re acting fast. The industry can expect to see changes to the Insurance Act as early as fall 2024 — with even more on the way — two Alberta regulators said during […]
By Alyssa DiSabatino | May 10, 2024
As government hashes out its auto insurance reform options, Alberta brokers have to diversify their lines of business.
By Alyssa DiSabatino | May 9, 2024
3 min read
Following M&A activity, make sure your brokers have the proper licenses to serve the out-of-province insurance needs of any new clients.
By David Gambrill | May 1, 2024
Alberta Insurance Council (AIC) has announced Amina Deiab as its new chief executive officer, effective April 22. Deiab is AIC’s second permanent CEO since the provincial licensing and regulation body for insurance brokers and adjusters launched 35 years ago. She will succeed Darlene Hyde, who held the interim CEO position since Aug. 2023, following […]
By Alyssa DiSabatino | April 16, 2024
Patrick Ballantyne, CEO of Ontario’s insurance broker regulator since 2016, is now board chairman at the CISRO.
By David Gambrill | March 14, 2024
A former B.C. broker has been suspended for three years after making unauthorized purchases on a client's credit card.
By David Gambrill | March 13, 2024
The potential risks stemming from P&C insurers' MGA outsourcing practices have caught the eye of Ontario’s insurance regulator.
By Alyssa DiSabatino | March 7, 2024
B.C.’s broker regulator fined a broker $2,000 and his former brokerage $2,500 for sending out an incorrect declarations page to a client that was modelled after a dec page issued by an altogether different brokerage. Questioned about the error by the Insurance Council of B.C., the broker, Amanprit Singh Ghaug, said he did not know […]
By David Gambrill | February 12, 2024
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