Legal / Regulation
Ontario Liberals want to bring down auto insurance rates but not via percentage targets, as envisioned by the New Democrats. “We will also work tirelessly to bring down auto insurance rates,” said Ontario Liberal Party press secretary Andrea Ernesaks. She noted that will include “creating a neutral independent assessor [and] modernizing ‘territory ratings’ for accuracy and fairness.” Plus, […]
By Phil Porado | May 13, 2022
2 min read
On top of selling insurance, brokers are also tasked with managing client relationships. But what happens when a client doesn’t mesh with their broker? “Sometimes it just doesn’t work out,” says Jack Mazakian, vice president of Advocis Broker Services. “You’re definitely capable of saying to a client, ‘We cannot serve you anymore,’ for whatever reason. […]
By Alyssa DiSabatino | April 13, 2022
3 min read
Recent publication of API standards for policy inquiries for personal auto, habitational, individually rated commercial automobile (IRCA) and commercial general liability (CGL) are the foundational use cases to begin improving carrier and broker connectivity communications. “These 24 policy inquiry use cases are foundational for advancing JSON data standards in the industry,” said Catherine Smola, president […]
By Phil Porado | April 4, 2022
A former broker's license was suspended for two years after she schemed to to drive uninsured for several months.
By David Gambrill | March 24, 2022
Commercial insurance brokers are a step closer to having standards for policy inquiries on certain auto and general liability coverage. The Centre for Study of Insurance Operations (CSIO) said its Innovation and Emerging Technology (INNOTECH) API working groups have published Application Programming Interface (API) standards using Java Script Object Notation (JSON) for individually-rated commercial automobile […]
By Phil Porado | March 18, 2022
An Alberta broker has been fined for failing to transfer her broker’s license when her brokerage came under new ownership.
By David Gambrill | March 3, 2022
Barry Lorenzetti is encouraging you to get your brokers back to the office and if you disagree, don’t hesitate to contact him for a public debate. “It’s not as if COVID is going away and we will shut off COVID in four months or three months or next week. It’s here to stay. So are […]
By Greg Meckbach | November 4, 2021
As the results from Monday’s federal election come in, your national industry association is promising to educate new members of parliament on why it’s important to keep banking and insurance in separate industry silos. “We congratulate Prime Minister [Justin] Trudeau on his re-election,” Insurance Brokers Association of Canada CEO Peter Braid told Canadian Underwriter Tuesday. […]
By Greg Meckbach | September 21, 2021
4 min read
Brokers will probably not be directly affected by a Liberal election promise to raise corporate tax rates on insurance companies making over $1 billion a year in profits, the CEO of the national brokerage association suggests. As quoted by The Canadian Press, Prime Minister Justin Trudeau proposed Aug. 26 to raise the corporate income tax […]
By Greg Meckbach | August 31, 2021
The Alberta Insurance Council issued an $8,000 civil penalty to an auto dealer over its use of an insurer's internet quoting system
By David Gambrill | July 16, 2021
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